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A Deep Dive into Fentanyl Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Fentanyl Market Share
The Fentanyl market will grow from $16.22 billion in 2024 to $17.31 billion in 2025, at a CAGR of 6.7%. Key drivers include pain management needs, medical procedures and surgeries, cancer pain management, growth in the opioid analgesic market, and an aging population.
The fentanyl market is expected to see strong growth, reaching $22.31 billion by 2029 at a CAGR of 6.5%. This is driven by the rise in chronic pain cases, expanding oncology therapies, and regulatory approvals for new treatments. Trends include technological advancements in drug formulations, innovations in detection, public health strategies, and international collaborations.
What Is Contributing to the Growth of the Fentanyl Market?
The increasing prevalence of chronic diseases is expected to propel the growth of the fentanyl market. Fentanyl is primarily used to manage severe pain associated with chronic conditions like coronary heart disease, which caused 371,506 deaths in 2022 in the U.S. As chronic diseases become more prevalent, the demand for pain management drugs like fentanyl is expected to increase, contributing to market growth.
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Which Key Market Leaders Are Driving Fentanyl Industry Growth?
Major companies operating in the fentanyl market report are Pfizer Inc., Johnson & Johnson, Sinopharm Group, Merck & Co. Inc., Bayer AG, Novartis AG, Kyowa Kirin Co. Ltd., Fresenius Kabi Oncology Ltd., Abbott Laboratories, Sanofi S.A, Boehringer Ingelheim GmbH, Viatris Inc., Baxter International Inc., Teva Pharmaceutical Industries Limited, Jiangsu Nhwa Pharmaceutical Co. Ltd., Cephalon LLC, AstraZeneca PLC, Apotex Inc., Hisamitsu Pharmaceutical Co. Inc., Alvogen, Luye Pharma Group, Henan Lingrui Pharmaceutical Ltd., Insys Therapeutics Inc., Exela Pharma Sciences LLC, Paladin Labs Inc., Bryant Ranch Prepack Inc., Galena Biopharma Inc., Validus Pharmaceuticals LLC, Quality Care Products LLC, Dispensing Solutions Inc.
What Are the Emerging Trends in the Fentanyl Industry?
Major players in the fentanyl market are creating innovative products like Opvee, obtaining approvals to reach wider customer bases and drive sales. Opvee (nalmefene) is a potent opioid receptor blocker for treating opioid overdose induced by substances like fentanyl. In May 2023, Indivior PLC, a US-based pharmaceutical company, received U.S. Food and Drug Administration approval for Opvee nasal spray. The spray counteracts the effects of opioids, helping overdose patients restore their respiration and blood pressure. Its nasal spray form makes it convenient for emergency use and is vital for combating opioid overdoses and saving lives.
What Are the Main Segments in the Fentanyl Market?
The fentanyl market covered in this report is segmented -
1) By Type: Fentanyl Injections, Fentanyl TTS (Transdermal Therapeutic System)
2) By Application: Inducting Anesthesia, Maintain Anesthesia, General Analgesic, Postoperative Analgesia, Breakthrough Cancer Pain
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Fentanyl Injections: Injectable Solutions, Premixed Injection Formulations
2) By Fentanyl TTS (Transdermal Therapeutic System): Patch Formulations, Matrix Patch Systems
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Which Geographic Area Leads the Fentanyl Market?
North America was the largest region in the fentanyl market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fentanyl market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Fentanyl Global Market Report?
- Market Size Analysis: Analyze the Fentanyl Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fentanyl Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fentanyl Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fentanyl Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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