Global Medical Morphine Market will Expand Exponentially by 2026| Sanofi, Johnson Matthey, Qinghai Lake Pharmaceutical Co.,Ltd., Northeast Pharmaceutical Group Co.

Global medical morphine market to grow with a steady CAGR of 2.1% and is estimated to reach USD 29.9 billion by 2026. Increasing prevalence of cancer as morphine prescribed to overcome cancer related pain and vulnerable aging population and their medical conditions like arthritis are the key factors for growth of market.

This medical morphine report is an important document for every market enthusiast, policymaker, investor, and market player. The report suggests that the market has shown rapid development in the current and past years and is going to progress with continuing growth in the upcoming years. This market research report gives explanation about the strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the Pharmaceutical industry. Primary and secondary research methodologies have been employed for a detailed study to generate this medical morphine industry report.

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Few of the major competitors currently working in the morphine market are Mallinckrodt plc., Alcaliber S.A, Sanofi, Johnson Matthey, Qinghai Lake Pharmaceutical Co.,Ltd., Northeast Pharmaceutical Group Co., Ltd, Sun Pharmaceutical Industries Ltd, Pfizer Inc, Fresenius Kabi USA, Daiichi Sankyo company limited, Rhodes Pharmaceuticals L.P, Allergan, Pacira BioSciences, Inc., Endo Pharmaceuticals Inc., Tris Pharma, Inc, US WorldMeds, LLC, Egalet Corporation and among others.

Key Developments in the Market:

In May 2019, US WorldMeds, LLC has initiated Phase III trial for apomorphine for the treatment of motor fluctuations in Idiopathic Parkinson's disease. The study expects to enroll 99 patients with early stage Parkinson's and expect to complete by end of the Oct'19
In December 2017, Egalet Corporation received FDA tentative approval for an expanded label of ARYMO ER (morphine sulfate), extended-release tablets for the management of pain

Competitive Analysis:

Global medical morphine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical morphine market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Market Drivers

Increasing cases of cancer related treatment worldwide as morphine is valuable agent to overcome cancer related pain
Vulnerable aging population and their medical conditions like arthritis
Rising awareness about treatment and technological advancement is driving the growth of market

Market Restraints

Morphine is potent drug abuse worldwide due to its sedative and euphoric nature
Effective treatment is either unavailable or unaffordable
Insufficient awareness about pain management in some developing countries
Government hefty regulations to prevent illicit use of morphine

Segmentation: Global Medical Morphine Market

By Application Type

Anesthesia
Cough Suppressant
Diarrhea Suppressant

By Indication Type

Cancer
Arthritis
Parkinson's Disease
Myocardial Infraction
Kidney Stones
Others

By Ingredient Type

Apomorphine Hydrochloride
Morphine Sulfate
Morphine Acetate
Others

By Dosage Form Type

Oral Tablets
Injection
Capsule
Others

By Route of administration

Oral
Intramuscular
Intravenous
Intranasal
Subcutaneous
Others

By End users

Hospitals
Homecare
Specialty Clinics
Others

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

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