Opioids Market Size, Growth Demand And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Opioids Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, the fan-out wafer level packaging market size has grown rapidly in recent years. It will grow from $2.13 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to miniaturization of electronics, increased integration, improved electrical performance, global expansion.

The fan-out wafer level packaging market size is expected to see rapid growth in the next few years. It will grow to $3.94 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to 5g and iot growth, artificial intelligence (ai) and high-performance computing, advances in materials, supply chain growth. Major trends in the forecast period include 3d integration, advanced packaging technologies, heterogeneous integration, cross-industry collaboration.

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Market Drivers and Trends:

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.

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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Major Key Players of the Market: 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.

Opioids Market 2024 Key Insights:

• The opioids is expected to grow to $26.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%.
• Growing Surgical Procedures Fueling Demand In The Opioids Market
• Increasing Prevalence Of Chronic Diseases To Drive The Growth Of Opioids Market
• North America was the largest region in the opioids market in 2023

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