Opioid-Induced Constipation Treatment Global Market 2024 - Industry Analysis, Future Trends, Segmentation And Key Players

The Business Research Company recently released a comprehensive report on the Global Opioid-Induced Constipation Treatment 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.

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According to The Business Research Company's, The opioid-induced constipation treatment market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expanding geriatric population, personalized OIC treatments, availability of effective OIC drugs, increasing prevalence of opioid use, and rising prevalence of gastrointestinal disorders.

The opioid-induced constipation treatment market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to accelerated drug approval initiatives, increasing use of opioid analgesic prescriptions, surging expenditure on the R And D of novel treatments, and an increase in development of biologics. Major trends in the forecast period include patient education and awareness, the emergence of targeted therapies, non-pharmacological interventions, biotechnology innovations, and increased investment.

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Market Drivers and Trends:

The rising preference for healthy foods is expected to propel the growth of the meal kit delivery service market going forward. Healthy foods are those that provide essential nutrients to support overall health and well-being while also promoting optimal physical and mental functioning. The preference for healthy foods is increasing due to the growing wellness movement, the emphasis on preventative healthcare, and rising health consciousness. Meal kit delivery services promote consumers' preference for healthy foods by bridging the gap between convenience and health, making it easier for people to adopt and maintain healthier eating habits. For instance, in July 2022, according to the 2022 Food and Health Survey among 1,005 Americans ages 18 to 80 by The International Food Information Council (IFIC), a US-based nonprofit organization in the food and beverage sector, in 2022, 52% of Americans followed a specific diet or eating pattern, up from 39% in 2021. Further, the top choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Therefore, the rising preference for healthy foods is driving the growth of the meal kit delivery service market.

Major companies operating in the opioid-induced constipation treatment market are developing mu-opioid receptor antagonists to address the specific needs of patients suffering from opioid-induced constipation (OIC). Mu-opioid receptor antagonists offer a targeted approach to managing opioid-induced constipation, helping patients maintain bowel regularity while undergoing opioid therapy for pain management. For instance, in December 2021, Shionogi & Co. Ltd. a Japan-based pharmaceutical company received approval for Symproic (naldemedine) tablets for the treatment of opioid-induced constipation in adult patients in Taiwan. Symproic is a peripherally acting mu-opioid receptor antagonist that helps relieve constipation caused by opioid use. The approval in Taiwan expands the availability of Symproic as a treatment option for OIC, offering relief to patients suffering from this condition.

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Major Key Players of the Market:

Pfizer Inc., Merck & Co. Inc., Bayer AG, Sanofi S.A., AstraZeneca plc, Takeda Pharmaceutical Company Limited, Daiichi Sankyo Chemical Pharma Co. Ltd., Bausch Health Companies Inc., Boehringer Ingelheim International GmbH., Shionogi & Co. Ltd., Ono Pharmaceutical Co. Ltd., Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals plc, Mundipharma International Limited, Lantheus Holdings Inc., Indivior plc, Mallinckrodt Pharmaceuticals, Collegium Pharmaceutical Inc., Ironwood Pharmaceuticals Inc., Cosmo Pharmaceuticals SA, Nektar Therapeutics, RedHill Biopharma Ltd., Theravance Biopharma Inc., Cumberland Pharmaceuticals Inc., Valinor Pharma LLC

Opioid-Induced Constipation Treatment Market 2024 Key Insights:

• The opioid-induced constipation treatment market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Rising Opioid Use For Pain Management Fuels Growth In Opioid-Induced Constipation Treatment Market
• Developments In Opioid-Induced Constipation Treatment Market
• North America was the largest region in the opioid-induced constipation treatment market in 2023

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