GLOBAL OPIOIDS MARKET INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2016–2024
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REPORT DESCRIPTION Global Opioids Market : Overview The Global Opioids Market was valued at US$ 17,132.5 million in 2015 and is projected to expand at a CAGR of 4.2% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Rising prevalence of chronic pain is expected to significantly support growth of the opioids market in the near future. According to American Legislative Exchange Council, in 2015, around 100 million people in the U.S. suffered from chronic pain, significantly more than the number of diabetic patients in the country. Opioids are a class of drugs that include potential pain relievers prescribed legally and also includes the illegal drug heroin. Pain relieving drugs are chemically related with opioid receptors on nerve cells in the body. Use of prescribed opioid drug for a short period of time is safe for pain management.
Global Opioids Market : Dynamics According to the National Institutes of Health (NIH) estimates published in 2015 by the American Pain Society, nearly 50 million people in the U.S. suffered from chronic pain. Use of opioids in cancer pain, orthopedic pain, neuropathic pain, post-operative pain, and lower back pain is very effective. With growing incidence of chronic pain, demand for opioids will also increase consequently. North America is the largest market for opioids owing to availability of branded prescription and local products, which inadvertently also leads to drug abuse. There are local unbranded products available for every opioid derivative complementing the available prescription opioid brand. Š Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Global Opioids Market : Taxonomy This report segments the global opioids market on the basis of drug type, application, and geography. On the basis of drug type, the global opioids market is categorized into codeine, morphine, fentanyl, methadone and hydrocodone. On the basis of application, the market is segmented into pain management, diarrhea and cough treatment. Pain Management is further segmented into Neuropathic Pain, Migraine, Back Pain, Osteoarthritis Pain, Cancer Pain, and Others. For comprehensive understanding of market dynamics, the global opioids market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market. Request Free Report Sample@ https://www.coherentmarketinsights.com/insight/requestsample/135
Key takeaways of the market: • The global opioids market is expected to expand at a CAGR of 4.2% during the forecast period (2016–2024). Rising prevalence of chronic pain worldwide is expected to favor growth of the market for opioids over the forecast period. • The codeine segment in the global opioids market was estimated to be the largest in 2015 and is expected to dominate the market throughout the forecast period in terms of value.
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REPORT DESCRIPTION • By therapeutic application, opioids are expected to witness majority of the demand from pain management. The segment accounted for 79.6% of overall market revenue in 2015. Much of the demand generates from neuropathic pain. • The global opioids market is characterized by strategic research and development and advancements in the technology of vaccines production. Also, the rise in adoption for poultry business globally is expected to favor the market for opioids market.
• Some of the major players are Pfizer Inc., Purdue Pharma, Boehringer Ingelheim, Janssen Pharmaceuticals, Inc., Actavis Plc., Sanofi, Sun Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals, Egalet Corporation, and Endo Pharmaceuticals Inc.
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