Press release
Rising Demand for Fentanyl Drives Global Market Growth| Sun Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals, Endo Pharmaceuticals Inc, Pfizer Inc.
Fentanyl
The Rise of Fentanyl
Fentanyl was first introduced as a powerful painkiller in the 1960s. However, in recent years it has gained notoriety as a recreational drug. This is due to its potency - fentanyl can be up to 100 times stronger than morphine - making it appealing to those seeking an intense high.
The problem with fentanyl lies in its strength. Even small amounts can lead to overdose or death. According to a report by the United Nations Office on Drugs and Crime (UNODC), fentanyl is now responsible for more overdose deaths than any other drug.
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Competition Landscape
The major players present in the market are
Sun Pharmaceutical Industries Ltd.
Mallinckrodt Pharmaceuticals
Endo Pharmaceuticals Inc.
Pfizer Inc.
Boehringer Ingelheim
Janssen Pharmaceuticals Inc.
Zyla Life Sciences
Actavis Plc.
Sanofi SA
Assertio Therapeutics Inc.
others
The Fentanyl Market
So what exactly is driving the fentanyl market? One factor is its accessibility. With the rise of online marketplaces and anonymous payment methods like Bitcoin, buying and selling fentanyl has become easier than ever before. Dealers can order large quantities from overseas manufacturers and distribute them across borders with relative ease.
Another factor is its profitability. Due to its potency, small amounts of fentanyl can go a long way, meaning that dealers can make significant profits from even small-scale operations.
Combatting the Crisis
While the situation may seem dire, there are steps that we can take to combat this crisis. Education and prevention are key in reducing demand for this deadly drug. By raising awareness about the risks of fentanyl use and providing resources for addiction treatment, we can work towards reducing demand for this dangerous substance.
Law enforcement efforts are also important in cracking down on illegal distribution networks and stopping shipments from entering countries illegally.
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In conclusion, while the fentanyl market may be thriving right now, we cannot ignore the devastating effects that it is having on communities around the world. It is up to all of us - governments, law enforcement agencies, healthcare professionals, educators and individuals alike - to work together towards combating this crisis and protecting our communities from further harm.
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