Opioids Agonist Drugs Market Industry Growth Steadily with Top Leading Players Pfizer Inc., Purdue Pharma, Boehringer Ingelheim, Janssen Pharmaceuticals, Inc., Actavis Plc., Sanofi, Sun Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals.

In recent times, cannabis has emerged as a potential alternative for opioids. Cannabis is legalized in many states in the U.S. as it is considered safer than opioids. U.S. being a major consumer of such drugs, legalizing cannabis (marijuana) is expected to have a detrimental impact on the opioids market growth.

According to the American Academy of Pain Medicine (2011), the number of people who suffered from chronic pain was around 1.8 billion. Moreover, according to the NIH estimates (2015), one in 10 people in the U.S. suffer from chronic pain. Around one-third to half of the population in the U.K. suffers from chronic pain, according to a study published in the British Medical Journal in 2016. Opioids are commonly used for treating pain, and opioid containing drugs are being misused or are being consumed in overdose when patients follow self-medication. Moreover, rising prevalence of pain, cough and, diarrhea are other factors driving growth of the opioids agonist drugs market. The highly prescribed opioid in the U.S. is hydrocodone.

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Market Dynamics

According to the National Institutes of Health (NIH) estimates published in 2015 by the American Pain Society, nearly 50 million people in the U.S. suffered from chronic pain. Use of opioids in cancer pain, orthopedic pain, neuropathic pain, post-operative pain, and lower back pain is very effective. With growing incidence of chronic pain, demand for opioids will also increase consequently.

North America is the largest market for opioids owing to availability of branded prescription and local products, which inadvertently also leads to drug abuse. There are local unbranded products available for every opioid derivative complementing the available prescription opioid brand. The Centers for Disease Control and Prevention (CDC) states that 73% of all drug overdose deaths in the U.S. in 2015 were due to opioids (57% in 2010). Moreover, emergence of cannabis as an alternative to opioids and legalization of the same in various regions is inhibiting the opioids market growth.

The pain relieving segment is projected to gain significant traction over the forecast period, owing to the various new product launches and extensive R&D activities leading to major product advancements, which is expected to drive growth of the market. Furthermore, significant number of collaborations and acquisitions in the opioids market is fueling growth of the market. In 2015, Depomed, Inc.—a specialty pharmaceuticals company focused on products to treat pain and other neurological conditions—officially entered into a definitive agreement to acquire NUCYNTA—a Janssen Pharmaceuticals, Inc. franchise, in order to strengthen the pain management segment of the company. Furthermore, in 2016, China-based drug maker Humanwell Healthcare Group and PuraCap Pharmaceutical LLC.—a generic drug maker—entered into a definitive agreement to acquire 100% assets of Epic Pharma for US$ 550 Mn. This is expected to strengthen the company’s product portfolio by inclusion of drugs such as naltrexone and oxycodone hydrochloride.

Some of the major players;

* Pfizer Inc.
* Purdue Pharma.
* Boehringer Ingelheim.
* Janssen Pharmaceuticals, Inc.
* Actavis Plc.
* Sanofi.
* Sun Pharmaceutical Industries Ltd.
* Mallinckrodt Pharmaceuticals.
* Egalet Corporation.
* Endo Pharmaceuticals Inc.

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Detailed Segmentation:

Global Opioids Agonist Drugs Market, By Product Type:
Codeine
Fentanyl
Meperidine
Methadone
Morphine
Hydrocodone

Global Opioids Agonist Drugs Market, By Therapeutic Application:
Pain Management
Neuropathic Pain
Migraine
Back Pain
Osteoarthritis Pain
Cancer Pain
Others
Cough Treatment
Diarrhea Treatment

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