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Global Opioid-Induced Constipation (OIC) Treatment Market Grow at CAGR of 4.3% by 2027 | Top Key Players Bayer- Bayer AG, Daewoong Co. Ltd., Takeda Pharmaceutical Company Limited, Boehringer Ingelheim, Cosmo Pharmaceuticals, AstraZeneca plc, Abbott Labora
The global opioid induced constipation treatment market is segmented by administration into subcutaneous injection, rectal and oral; by drug classes into peripherally-restricted μ-opioid receptor antagonist (PAMORA), non-selective opioid antagonist, μ-opioid antagonist and locally acting chloride channel activator (LACCA); by distribution channel into hospital pharmacies, independent pharmacies and others and by regions. Opioid Induced Constipation Treatment Market is anticipated to mask a CAGR of 4.3% during the forecast period i.e. 2018-2027.Currently the global opioid induced constipation treatment market is observing vibrant growth on account of increasing demand of constipation treatment in the market. Advances in pharmaceutical industry in the past few years and growing technological explorations are projected to drive opioid induced constipation treatment market during the forecast period.
With rising number of opioid addicts across the region, North America is panned to observe substantial growth in opioid induced constipation treatment market on the back of rising opioid induced constipation treatment requirement in the addiction population. North America is expected to be followed by Asia Pacific in terms of consumption due to expanding opioid induced constipation treatment requirements in opioids used for treating diarrhea patients and surgically treated patients. Europe is expected to drive demand and positively impact opioid induced constipation treatment market growth over the forecast period on account of increasing opioid induced constipation treatment application for stool softening and easy bowel movement processes.
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Increasing Requirement on Account of Growing Opioid Usage
Rise in number of spinal pains and headaches on account of busy work schedules in men and women has propelled the use of opioids for reducing pain which is estimated to drive the opioid induced constipation treatment market as well. Increasing opioid addiction and illegal medications users are anticipated to contribute significantly in the growth of opioid induced constipation treatment market. Furthermore, increasing number of population undergoing surgical procedures has induced an increased use of pain killers leading in rise in number of patients suffering from opioid induced constipation which is directly anticipated to impact the opioid induced constipation treatment market positively across the globe.
Increasing Healthcare Expenditure
Additionally, increasing urbanization with growing healthcare expenditure of individuals is expected to propel the opioid induced constipation treatment market over the forecast period.
However, cost constraints associated to adoption of novel drugs and pharmaceuticals along with lack of awareness regarding forthcoming innovative treatments as well as unfavorable regulatory constraints are expected to serve as various restraints in the growth of the opioid induced constipation treatment market over the forecast period.
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The report titled “Global Opioid Induced Constipation Treatment Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Opioid Induced Constipation Treatment market in terms of market segmentation by administration, by drug classes, by distribution channel and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Opioid Induced Constipation Treatment market which includes company profiling of Bayer AG, Daewoong Co. Ltd., Takeda Pharmaceutical Company Limited, Boehringer Ingelheim, Cosmo Pharmaceuticals, AstraZeneca plc, Abbott Laboratories, Valeant Pharmaceuticals, Pfizer, Inc. and GlaxoSmithKline, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Opioid Induced Constipation Treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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