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 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. In addition, their use in the management of severe pain and chronic pain, which are related to advanced medical illness, is considered to be standard practice in most parts of the globe.
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Furthermore, the increasing occurrence of orthopaedic disorders, like arthritis, elbow pain, fibromyalgia, and osteoporosis, is the major factor responsible for the increasing growth of the global morphine market. As per the World Health Organization, by 2040, 120 million people will suffer from Osteoarthritis, globally, of whom 35 million will be severely disabled by the disease. The growing usage of morphine in pain management is accelerating the market growth as the patient pool is raising. However, prescription drug abuse and risk factors related to the intake of morphine are the concerns obstructing the market growth.
Morphine is employed to relieve moderate to severe pain. Morphine extended-release tablets and capsules are only employed to relieve severe pain that cannot be controlled by the use of other pain medications. As per the recent study published in the Archives of Internal Medicine in 2019, it was anticipated that 16% to 21% of physician visits in the United States involve an opioid prescription. Opioids play an important role in acute post-operative settings to provide adequate analgesia.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Dosage Form
o By Application
- Competitive Landscape: MALLINCKRODT PHARMACEUTICALS, Pfizer Inc., Sun Pharmaceutical Industries Ltd, Verve Health Care Ltd, Mayne Pharma Group Limited.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Morphine Market by Segment
By Dosage Form
- Injection
- Oral Tablets
- Other Dosage Forms
By Application
- Pain Management
- Diarrhoea Suppressant
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
