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Opioids Market Size, Insights, Growth Rate, Trends Analysis, Segmentation And Forecast To 2033
Opioids Market Analysis
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The Business Research Company's Opioids Global Market Report 2024 identifies rising surgical procedures as the major driver for the opioids market's growth in the forecast period. Surgical procedures are defined as medical treatments that involve making an incision with tools, typically done in an operating room and typically requiring anesthetic or breathing support. Opioids are used during surgical procedures for treating pain and as anesthesia adjuncts or primary anesthetic agents.
The opioids market size has grown steadily in recent years. It will grow from $22.77 billion in 2023 to $23.54 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to pain management, surgical procedures, palliative care, regulatory environment.
The opioids market size is expected to see steady growth in the next few years. It will grow to $26.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to non-cancer pain indications, regulatory changes, telemedicine and remote prescribing, chronic pain management. Major trends in the forecast period include opioid-sparing strategies, medication-assisted treatment (mat), risk mitigation, public health initiatives.
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Major competitors in the opioids market are Pfizer Inc., Johnson & Johnson Inc., AbbVie Inc., Sanofi S.A, AstraZeneca PLC, Viatris Inc., Teva Pharmaceutical Industries Limited, Sandoz Inc.
A key trend in the opioids market includes innovative drug solutions transforming the opioid market landscape. Major companies operating in the opioid market are focused on innovating advanced drug solutions to intensify their position. The discovery of new medications can treat diseases and improve healthcare and scientific knowledge. For instance, in May 2023, Braeburn Pharmaceuticals Inc., a US-based provider of solutions for treating opioid addiction, stated that the US Food and Drug Administration authorized Brixadi (buprenorphine) extended-release injectable for subcutaneous utilize (beneath the skin) for the treatment of direct to extreme opioid utilize clutter (OUD). It is the primary and sole week-after-week and month-to-month subcutaneous infusion for direct to serious OUD and the primary buprenorphine injectable using FluidCrystal Injection Depot Technology. Patients who receive oral buprenorphine-containing medications can be transitioned to equal dosages if the prescription advice is followed.
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The opioids market is segmented -
1) By Product Type: Methadone, Codeine, Fentanyl, Oxycodone, Morphine, Hydrocodone, Other Product Types
2) By Receptor Binding: Strong Agonist, Mild To Moderate Agonist
3) By Basis Of Indication: Inflammatory Condition, Musculoskeletal Pain, Neuropathic Pain, Cancer Pain
4) By Distribution Channel: Hospital, Retail Pharmacies, Online Pharmacies
5) By Application: Pain Management, Cough Treatment, Diarrhea Treatment
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the opioids market.
The Business Research Company's "Global Opioids Market Report 2024" 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 Opioids Market Include:
1. Executive Summary
2. Opioids Market Characteristics
3. Opioids Market Trends And Strategies
4. Opioids Market - Macro Economic Scenario
5. Global Opioids Market Size and Growth
…..
32. Global Opioids Market Competitive Benchmarking
33. Global Opioids Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Opioids Market
35. Opioids Market Future Outlook and Potential Analysis
36. Appendix
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