Global Opioids Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx bilion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 2.91% during the forecast period that is 2017-2025. An opioid refers to type of narcotic pain medication used to treat severe or moderate pain. It is used as a cough suppressant, anesthesia, and diarrhea suppressant in order to reduce surgical pain, cancer pain, injury and pain arising from any disease. Opioids are mainly used in pain management associated with cancer and end-stage diseases in which proper care is required.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global opioids market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global opioids market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamics

The opioids market size in U.S is expected to rise over the forecast period, due to escalation in chronic pain, arthritis, cancer incidences, coupled with favorable reimbursement policies and growing utilization of opioids in non-cancer conditions and for palliative care. Beside the use of analgesic they are extensively used in production of cough suppressants and antidiarrheal medicines.

As per a U.S. Census Bureau report which is titled as “An Aging World 2015”, out of global population of 7.3 billion, around 8.5% population was estimated to be the age of 65 or above. Rising geriatric population is increasing the prevalence of diseases such as and cancer and rheumatoid arthritis thus resulting to the growth of the opioids market share. In addition to this rise in palliative and services health care centers are resulting to the increase in the demand for opioids in recent years.

However stringent government regulations possess a major threat to the U.S opioids market size. For instance, US FDA stringently regulates the opioids market, due to rising mortality rates from drug abuse. Additionally, FDA release guideline for the manufacture, marketing and distribution of opioids. FDA also recommends to use NSAIDS over the opioids for the treatment of the pain. Moreover, extended consumption of opioids results in addiction of the drug, and increased death rates. As per, American Society of Addiction Medicine approximately 18,893 people died from the overdose of drugs.

Segment Analysis

By Product Type Insights: The extended release opioid segment is projected to be holding the major revenue share over the forecast period, owing to their increase relevance in pain management, coupled with development of transdermal patches. According to National Center for Biotechnology Information (NCBI), extended release prescribed opioids are better for patients than immediate release opioids because extended release formulations are especially designed to allow a controlled release of the active agent. The controlled release of active agents provides prolonged and relatively consistent plasma drug levels with lower maximum concentration and fewer peak-to-trough fluctuations.

By Application Emphasis: Among the application segment, use of opioid for treatment of pain is anticipated to generate the major revenue share over the forecast period, due to its powerful analgesic properties, and escalation in clinical studies on the utilization of opioid in combinations to develop safe medicines. Anesthesia Opioids are projected to grow rapidly over the forecast period, owing to their potential in achieving cardiovascular activities and increased clinical studies on utilization of opioid in developing safe anesthetics.

Regional Analysis

The global opioids market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017 The North America Held The largest Market share in terms of consumption in highest and is projected to be fastest growing region during the forecast period in term of revenue. In addition the market will witness highest revenue collection in coming years due to rising government initiatives to combat the crisis in U.S. The opioids market size in U.S is expected to rise over the forecast period, due to escalation in chronic pain, arthritis, cancer incidences, coupled with favorable reimbursement policies and growing utilization of opioids in non-cancer conditions and for palliative care. Beside the use of analgesic they are extensively used in production of cough suppressants and antidiarrheal medicines.     

Global Opioids Market Size, Share Analysis By Region 2017

Global Opioids Market Study Objective

1. To forecast the market size of opioids market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of opioids market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of opioids market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of opioids market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the opioids market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The opioids market is highly regulated and consists of some prominent players who focus upon continuous product innovation. Key market players in the opioids market include Sun Pharmaceutical Industries, Sanofi S.A, Janssen Pharmaceutical Inc., Pfizer Inc., Endo International Plc, Egalet Corporation, Titan Pharmaceuticals and Purdue Pharma among others. Key players are concentrating on the development of novel drugs and their approval from regulatory authorities in order to launch them commercially for treating problems like chronic pain and others. For instance – In June 2018, an American biopharmaceutical company announced the submission of a new drug application to the FDA for NKTR-181, an analgesic opioid molecule. The submitted drug application is proposed to be used in treating chronic lower back pain.

Global Opioids Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.