Opioid Use Disorder Market Size, Trends, Outlook, Key Players, Share, Size and Forecast 2031

The global opioid use disorder market revenue was around US$ 2.9 billion in 2021 and is estimated to reach US$ 8.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2031.

Opioids are a kind of painkillers that also relax muscles, lessen pain, and ease stress. For the treatment of moderate to severe pain, prescriptions are written for drugs including morphine, oxycodone, hydrocodone, fentanyl, codeine, methadone, and other pharmaceutical opioids.

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Factors Influencing Market Growth

The increase in the prevalence of chronic diseases such as cardiovascular diseases, cancer, and orthopedic diseases drives the growth of the opioid use disorder market.

An increase in product launches and product approvals fuels the market growth.

Growing acceptance of buprenorphine patches as a successful treatment method drives market expansion.

Increased use of key methods such as partnership, acquisition, agreement, and collaboration to treat opioid use disorder drives the market growth.

Drugs that have opioid use disorder-related side effects are predicted to hamper the market's expansion.

Study of the COVID-19 Pandemic

The COVID-19 outbreak had a negative impact on the expansion of the global opioid use disorder market. Global healthcare systems are under pressure due to the COVID-19 epidemic. Hospital capacity for patients with COVID-19 was increased by restructuring a sizable number of clinics and hospitals around the world. Additionally, the market has been negatively impacted by doctor appointment delays or cancellations. Reduced surgical volume is expected to result in lower opioid demand, which will lower the prevalence of opioid use disorder. Therefore, it is anticipated that these factors will impede market expansion.

Regional Insights

North America dominates the opioid use disorder market in terms of revenue due to an increase in the number of products approved and launched to treat opioid use disorder, an increase in the prevalence of chronic diseases like cancer, heart disease, and orthopedic disorders, and a well-established opioid industry in the region.

However, Asia-Pacific was the second-largest contributor to the market in 2021, and is anticipated to grow at the fastest CAGR during the forecast period because of the region's high prevalence of geriatrics, rising public awareness of the availability of healthcare services, and rise in the prevalence of chronic diseases.

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Leading Competitors
The leading competitors in the global opioid use disorder market are:
Alkermes
AstraZeneca plc
BioDelivery Sciences International Inc
Braeburn pharmaceuticals
Camurus
Dr Reddy Laboratories Ltd
Pear Therapeutics
Hikma Pharmaceuticals PLC
Mallinckrodt Pharmaceuticals
NYC Health Hospitals
Orexo AB
Indivior PLC
Reckitt Benckiser Pharmaceuticals Inc
Sandoz
Titan Pharmaceuticals
Viatris Inc
Others
Segmentation Analysis
The global opioid use disorder market segmentation focuses on Drug Type, Age Group, Route of Administration, Distribution Channel, and Region.
Segmentation based on Drug Type
Agonist
o Type
? Methadone
? Buprenorphine
Antagonist
Segmentation based on Age Group
19 to 39
40 to 59
Age 60 and over
Segmentation based on Route of Administration
Oral
Intravenous
Sublingual
Segmentation based on Distribution Channel
Hospital pharmacy
Retail Pharmacy

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.