Press release
Narcotic Drugs Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Narcotic Drugs Market
The growth of the narcotic drug market is anticipated to be fueled by the escalating prevalence of chronic ailments. Chronic illnesses, which persist for a minimum of three months, have a tendency to worsen over time. Narcotic medications are employed to manage these chronic conditions to alleviate issues such as cancer, chronic pain syndrome, terminal illness, and severe arthritis. For example, the National Health Service, a UK government department, identified over half a million (549,000) additional people at risk of type 2 diabetes in June 2024. This marked a significant rise, with the total population having non-diabetic hyperglycemia, or pre-diabetes, registered with a GP reaching 3,615,330, up nearly 20% from 3,065,825 in 2022. Hence, the surging prevalence of chronic conditions is a key contributor to the expansion of the narcotic drug market. The growing use of opioids as prescription medication is also another factor expected to drive the growth of the narcotic drugs market. Opioids are a type of drug that consists of both prescription-based medication and illegal substances, known for inducing feelings of euphoria, relaxation, and sedation. The rise in the use of opioids as prescription medicine heightens the employment of narcotic drugs, owing to the potent pain-relieving and sedative properties of opioids, particularly when alternative pain management strategies fall short. For instance, the Australian Institute of Health and Welfare, a government organization based in Australia, reported in May 2024 that on a particular day in 2023, Australia had 53,272 individuals (excluding Western Australia) receiving pharmacotherapy for opioid addiction, translating to a rate of 22 patients per 10,000 individuals. Thus, the escalating utilization of opioids as prescription medication is stimulating the growth of the narcotic drugs market.
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What Is the projected market size and growth rate for the narcotic drugs market?
The size of the narcotic drugs market has shown consistent growth over the recent years. The industry, which was valued at $14.26 billion in 2024, is anticipated to expand to $14.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.1%. The historical growth of this sector can be linked to factors such as increasing medical demands, heightened public health awareness, greater accessibility to healthcare services, a rise in chronic pain cases, and concerted government efforts to upgrade pain management strategies.
Expectations are high for the narcotic drugs market size to experience consistent growth over the next few years. The anticipated growth could see the market size reach $17.79 billion by 2029, thanks to a compound annual growth rate (CAGR) of 4.6%. This growth in the forecast period can be credited to factors such as the rising demand for generic narcotic drugs, the expansion of the pharmaceutical industry, an increase in the demand for minimally invasive surgical procedures, and a surge in the use of narcotic drugs for palliative care. Key trends during the forecast period to watch out for include innovations in pharmaceuticals, the rise of telemedicine and remote monitoring, the development of alternatives to opioids, and the application of artificial intelligence (AI) in the discovery and development of drugs.
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What new trends are reshaping the narcotic drugs market and its opportunities?
In order to solidify their position in the market, the prominent companies in the narcotic drug industry are prioritizing new product development and innovation. To illustrate this, Indivior PLC, a pharmaceutical firm based in the US, unveiled a new product called OPVEE (nalmefene) nasal spray in May 2023. This is designed as a life-saving medicine for opioid overdoses from both natural and synthetic sources such as fentanyl. The prescribed use of OPVEE is to immediately address suspected or confirmed opioid overdoses in adults and children aged 12 or above exhibiting symptoms of respiratory and central nervous system depression due to an overdose involving natural or synthetic opioids.
What major market segments define the scope and growth of the narcotic drugs market?
The narcotic drugs market covered in this report is segmented -
1) By Drug: Opiu*, Hero*in, Codeine, Oxycodone, Other Drugs
2) By Source: Natural, Semi-Synthetic, Synthetic
3) By Indication: Pain Management, Cough, Diarrhea, Dysentery, Asthma, Other Indications
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
5) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Subsegments:
1) By Opiu*m: Raw Opiu*m, Opiu*m Extracts, Opiu*m Derivatives
2) By Hero*in: Diacetylmorphine, Hero*in Hydrochloride, Hero*in Acetate
3) By Codeine: Codeine Phosphate, Codeine Sulfate
4) By Oxycodone: Oxycodone Hydrochloride, Oxycodone Acetaminophen, Controlled-Release Oxycodone
5) By Other Drugs: Fentanyl, Morphine, Hydromorphone, Methadone, Buprenorphine
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Which region dominates the narcotic drugs market?
Asia-Pacific was the largest region in the narcotic drugs market in 2024. The regions covered in the narcotic drug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the narcotic drugs industry growth?
Major companies operating in the narcotic drugs market are Pfizer Inc., Johnson and Johnson Limited, AbbVie Inc., Novartis AG, AstraZeneca PLC, Sanofi S.A., Takeda Pharmaceutical Company Limited, Boehringer Ingelheim International GmbH, Viatris Inc., Teva Pharmaceutical Industries Ltd., Daiichi Sankyo Company Limited, Sun Pharmaceutical Industries Ltd., Purdue Pharma LP, Hikma Pharmaceuticals PLC, Endo Pharmaceuticals Inc., Amneal Pharmaceuticals LLC, Lupin Ltd., Mallinckrodt Pharmaceuticals, Alvogen Inc., Indivior Inc., Impax Laboratories Inc., Collegium Pharmaceutical Inc., Lannett Co Inc., Par Pharmaceutical Inc., West-Ward Pharmaceuticals Corp.
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What Is Covered In The Narcotic Drugs Global Market Report?
•Market Size Forecast: Examine the narcotic drugs market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the narcotic drugs market for a structured understanding.
•Key Players Overview: Analyze major players in the narcotic drugs market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the narcotic drugs market.
•Segment Contributions: Evaluate how different segments drive overall growth in the narcotic drugs market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the narcotic drugs market.
•Industry Challenges: Identify potential risks and obstacles affecting the narcotic drugs market.
•Competitive Landscape: Review strategic developments in the narcotic drugs market, including expansions, agreements, and new product launches.
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