Press release
Opioids Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Pfizer Inc., Johnson & Johnson Inc., AbbVie Inc., Sanofi S.A, AstraZeneca PLC, Viatris Inc.
Opioids Market Trends
The Business Research Company offers in-depth market insights through Opioids Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of opioid products are methadone, codeine, fentanyl, oxycodone, morphine, hydrocodone and others. Methadone is an opioid enslavement treatment pharmaceutical, that's utilized in medication-assisted treatment (Tangle) programs to help individuals in lessening or ceasing their utilization of other opioids. They work through various receptor bindings, such as strong agonists and mild to moderate agonists. They are administered for various symptoms or indications, such as inflammatory conditions, musculoskeletal pain, neuropathic pain and cancer pain and are available in hospitals, retail pharmacies and online pharmacies. They are used in various applications, such as pain management, cough treatment and diarrhea treatment.
Major Driver - Growing Surgical Procedures Fueling Demand In The Opioids Market
Rising surgical procedures are expected to propel the growth of the opioids market going forward. 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. For instance, in August 2023, Organization for Economic Co-operation and Development, a France-based intergovernmental organization, the total number of cataract surgical procedures performed in the Czech Republic increased by 8.4% from 131,612 procedures in 2021 to 142,670 procedures in 2022. Further, the total number of laparoscopic repairs of inguinal hernia surgical procedures performed in Turkey increased by 35.2% from 18,739 in 2021 to 25,348 in 2022. Therefore, the rising number of surgical procedures will drive the opioid market.
Competitive Landscape:
Major players 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., Sun Pharmaceutical Industries Limited, Aurobindo Pharma Limited, Purdue Pharma L.P., Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals PLC, Endo Pharmaceuticals Inc., Amneal Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals PLC, Alkermes PLC, Lannett Co Inc., Par Pharmaceutical Inc., Mayne Pharma Group Ltd., Cephalon LLC, Insys Therapeutics Inc., Janssen Pharmaceuticals Inc., Rhodes Pharmaceuticals L.P, KVK Tech Inc.
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Top Trend - 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Opioids Market Characteristics
3. Opioids Market Trends And Strategies
4. Opioids Market - Macro Economic Scenario
5. Opioids Market Size And Growth
…..
27. Opioids Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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