The global opioids market is anticipated to grow at a CAGR of 3.5% during the forecast period. Opioids can be prescription medications often referred to as painkillers. Many prescription opioids are used to block pain signals between the brain and the body and are typically prescribed to treat moderate to severe pain. In addition to controlling pain, opioids can make some people feel relaxed, happy, or “high,” and can be addictive. The increasing number of people suffering from chronic pains is contributing to the market growth. For instance, as per the CDC, the prevalence of chronic pain was 7.4% in the US in 2019 and an estimated 20.4% of US adults (50.0 million) had chronic pain and 8.0% of US adults (19.6 million) had high-impact chronic pain 2016. Apart from these, increasing cancer prevalence globally is also paved the way for market growth. Opioids are considered highly effective medicine for relieving cancer pain. As per the World Cancer Research Fund International, there were an estimated 18.1 million cancer cases around the world in 2020. Of these, 9.3 million cases were in men and 8.8 million in women. By 2040, the global burden is expected to grow to 27.5 million new cancer cases and 16.3 million cancer deaths simply due to the growth and aging of the population. This will generate a huge demand for opioids, thereby driving market growth.
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However, the excessive or longer-term use of opioids can lead to addiction. In addition, it can restrict the ability to breathe when taken at a higher dose, and when misused, can lead to a fatal overdose. The stringent government regulations for opioid prescription are the factor anticipated to hamper the market growth. Furthermore, the rise in cases of orthopedic diseases, HIV, and other diseases is expected to offer lucrative growth opportunities in the opioids market in the upcoming years.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Opioids Market by Product Type
- Codeine
- Fentanyl
- Oxycodone
- Methadone
- Morphine
- Hydrocodone
- Others
Global Opioids Market by Application
- Pain Management
- Cough Treatment
- Diarrhea Treatment
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- AstraZeneca Plc
- H. Boehringer Sohn Ag and Ko. Kg
- Endo Pharmaceuticals, Inc.
- Johnson & Johnson Services, Inc.
- Jupiter Pharmaceuticals, Ltd.
- Lupin, Ltd.
- Mallinckrodt Pharmaceuticals
- Midas Pharma GmbH
- Pfizer, Inc.
- Piramal Enterprises Ltd.
- Sanofi S.A.
- Sun Pharmaceutical Industries, Ltd.
- Taj Pharmaceuticals, Ltd.
- Teva Pharmaceutical Industries, Ltd.
- West-Ward Pharmaceuticals Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global opioids market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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