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Opioid Use Disorder (OUD) Market 2023 - By Growth Rate, Sales, Production, Consumption Manufacturers, Shares And Outlook By 2032
Opioid Use Disorder (OUD) Market
The Business Research Company's Opioid Use Disorder (OUD) Global Market Report 2023 identifies growing number of opioid addiction cases as the major driver for the Opioid Use Disorder (OUD) market's growth in the forecast period. Opioid addiction refers to a medical condition characterized by compulsive and chronic opioid use that has harmful effects on the body. Opioids can produce a sense of euphoria and pain relief, whose continued usage can lead to the development of tolerance, where higher doses are needed to achieve the same effect, which may lead to opioid use disorder.
The global opioid use disorder (OUD) market is expected to grow from $3.17 billion in 2022 to $3.53 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The opioid use disorder (OUD) market is expected to reach $5.37 billion in 2027 at a CAGR of 11%.
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Major competitors in the Opioid Use Disorder (OUD) market are Pfizer Inc., Novartis AG, AstraZeneca plc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Chiesi Pharmaceuticals S.p.A.
A key trend in the Opioid Use Disorder (OUD) market includes product innovation. Major companies operating in the opioid use disorder (OUD) market are developing innovative products to sustain their position in the market. For instance, in May 2023, the U.S. Food and Drug Administration, a US-based federal agency, approved Brixadi (buprenorphine) extended-release injection to treat moderate to severe opioid use disorder (OUD). Brixadi is available in two dosage forms a weekly injection for patients who began treatment with a single dose of a transmucosal buprenorphine product or who are currently taking the medication and a monthly version for those who are already receiving the medication.
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The Opioid Use Disorder (OUD) market is segmented -
• By Drug Type: Buprenorphine, Naltrexone, Methadone
• By Route of Administration: Oral, Parenteral
• By Age Group: 19 To 40, 41 To 60, 61 And Over
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies And Stores, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Opioid Use Disorder (OUD) market.
The Business Research Company's "Global Opioid Use Disorder (OUD) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Opioid Use Disorder (OUD) Market Include:
1. Executive Summary
2. Opioid Use Disorder (OUD) Market Characteristics
3. Opioid Use Disorder (OUD) Market Trends And Strategies
4. Opioid Use Disorder (OUD) Market - Macro Economic Scenario
5. Global Opioid Use Disorder (OUD) Market Drivers and Restraints
…………………………………..
32. Global Opioid Use Disorder (OUD) Market Competitive Benchmarking
33. Global Opioid Use Disorder (OUD) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Opioid Use Disorder (OUD) Market
35. Opioid Use Disorder (OUD) Market Future Outlook and Potential Analysis
36. Appendix
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