Press release
Morphine Drugs Market Size, Share, Growth & Forecast 2024-2033 | Trends & Key Players
Morphine Drugs Market Size
According to The Business Research Company's, The morphine drugs market size has grown strongly in recent years. It will grow from $20.50 billion in 2023 to $21.82 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rise in the number of cancer cases, rise in prevalence of orthopedic diseases, rise in number of surgical procedures, rise in the aging population, and a rise in healthcare expenditure.
The morphine drugs market size is expected to see strong growth in the next few years. It will grow to $28.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to an increase in cancer cases, increasing prevalence of pain conditions, growing awareness of palliative care, rising prevalence of chronic disorders, and increased use of opioids. Major trends in the forecast period include technological advancements in drug formulation, integration of digital health solutions, integration of technology, collaborations and partnerships, and implantable medical devices.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/morphine-drugs-global-market-report
Market Drivers and Trends:
The increasing prevalence of chronic pain conditions is expected to propel the growth of the morphine drugs market going forward. Chronic pain is a complex condition characterized by persistent discomfort that lasts for an extended period, which serves as a warning signal of injury or illness. Chronic pain has grown into a serious health concern globally due to several interrelated variables, such as aging populations, rising obesity rates, sedentary lifestyles, stress and mental health difficulties, and environmental factors. Morphine is necessary to control chronic pain as it is highly effective in relieving pain and may be customized to meet the specific demands of each patient. It enhances life quality and enables those who suffer from chronic pain to achieve more without experiencing excruciating pain all the time. For instance, in May 2021, according to the Government of Canada, a Canada-based federal administration, up to 8.3 million Canadians may experience chronic pain by 2025, and it is expected to reach up to 9.0 million by 2030. Therefore, the increasing prevalence of chronic pain conditions is driving the growth of the morphine drug market.
Major companies operating in morphine drug market are developing morphine sulfate injection to advance the offerings of medical treatment. Morphine sulfate injection is a powerful opioid analgesic used to manage severe pain. It is derived and works by binding to the opioid receptors in the brain and spinal cord, altering the perception and emotional response to pain. For instance, Hospira, a US-based pharmaceutical and medical device company, added Morphine Sulfate Injection, which is an opioid agonist indicated for the management of pain severe enough to require an opioid analgesic and for which alternative treatments are inadequate. The product is available in various strengths and formulations, including a preservative-free version for intravenous, epidural, or intrathecal use. The labeling information highlights the risks associated with Morphine Sulfate Injection, including addiction, abuse, and misuse, as well as serious and life-threatening risks from its use.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15611&type=smp
Major Key Players of the Market:
Pfizer Inc., Sanofi S.A., Rusan Pharma Ltd., Johnson & Johnson, Teva Pharmaceutical Industries Ltd., Daiichi Sankyo Company Limited, Sandoz AG, Viatris Inc., Dr. Reddy's Laboratories Ltd., Apotex Inc., Hikma Pharmaceuticals PLC, Endo Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Johnson Matthey Fine Chemicals, Fresenius Kabi USA LLC, Delpharm SaS, Alvogen Inc., Mallinckrodt Pharmaceuticals, Lannett Company, Mayne Pharma Group Limited, Noramco Inc., Tasmanian Alkaloids, Napp Pharmaceuticals Limited, Alcaliber SA
Morphine Drugs Market 2024 Key Insights:
• The morphine drugs market size is expected to see strong growth in the next few years. It will grow to $28.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Increasing Prevalence Of Chronic Pain Driving Growth Of Morphine Drug Market
• Advancements in Morphine Sulfate Injection
• North America was the largest region in the morphine drugs market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15611&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Morphine Drugs Market Size, Share, Growth & Forecast 2024-2033 | Trends & Key Players here
News-ID: 3704082 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Morphine
Morphine Sulphate Market Size, Share and Growth Report, 2034
" The global morphine sulfate market is valued at approximately $2.5 billion in 2024 and is projected to reach around $4.1 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2025 to 2034. The market's status in 2024 is characterized by a rising demand for effective pain management, particularly in chronic pain-related conditions and palliative care. Key drivers include an increasing…
Morphine Sulphate Market Size, Share and Growth Report, 2034
" The global morphine sulfate market is valued at approximately $2.5 billion in 2024 and is projected to reach around $4.1 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2025 to 2034. The market's status in 2024 is characterized by a rising demand for effective pain management, particularly in chronic pain-related conditions and palliative care. Key drivers include an increasing…
Morphine Market Size Unlocking New Opportunities for Success
The global morphine market was valued at approximately USD 20.03 billion in 2023 and is projected to reach around USD 32.81 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.66% from 2024 to 2032 .
Morphine Market Overview
The morphine market is experiencing steady growth, driven by the increasing prevalence of chronic pain conditions, particularly among the aging population, and the rising incidence of cancer and other severe…
Morphine Market Trends, Key Players, Industry Analysis and Forecast to 2031
The global morphine market is estimated to grow at a significant CAGR during the forecast period. The key factor attributing to the growth of the market is the rise in the usage of morphine for pain management. Morphine is considered one of the most effective drugs for the management of pain. The global morphine market is estimated to grow at a significant CAGR during the forecast period. The key factor…
Morphine Drugs Global Market Analysis, Trends, Growth, Research And Forecast 203 …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Morphine Drugs Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $28.16 billion In 2028 At…
Morphine Sulfate Market Size, Share, Growth Report 2030
Latest Updated Report 2023, The Global Morphine Sulfate Market to Growing A CAGR of % during forecast period of 2023-2030. The Market is segmented by Global Morphine Sulfate Market Breakdown by Application (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) by Type (Oral Tablets, Injection, Capsule, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
The Morphine Sulfate Market 2023 Report makes available the current and forthcoming technical and financial…
