Allied Market Research published a report titled, “Opioids Market by Product Type (Methadone, Codeine, Fentanyl, Oxycodone, Morphine, Hydrocodone, Others), By Application (Pain Management, Cough Medicine, Anti-Virus Medicine): Global Opportunity Analysis and Industry Forecasts, 2020-2030.” According to a report published by Allied Market Research, the global opioid industry is estimated at $4.4 billion in 2020 and is expected to reach $6.1 billion by 2030, registering a CAGR of 3.2% from 2021 to 2030.
What are the upcoming trends of Opioids Market in the world?
The Upcoming Trends of the Opioids Market are an increase in consumption of these drugs to combat pain and a rise in the geriatric population that is majorly prone to orthopedic pain. In addition, an upsurge in disposable income in developing economies such as India, China, and others contribute to the growth of the market
Which is the largest regional market for Opioids?
North America is the largest regional market for Opioids
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Value Propositions Related To The Report:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Covid-19 Situation –
- Decline in number of patients in clinics & hospitals for surgery gave way to decreased demand for opioids, thus impacting the global opioids market negatively.
- However, the market has already started recovering in a full swing.
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The pain management segment will dominate by 2030
By application, the pain management sector provided the lion’s share in 2020, holding more than two-thirds of the global opioid market. However, the cough medicine segment is expected to show the fastest CAGR of 4.5% from 2021 to 2030.
The oxycodone segment to retain the lion’s share
By product type, the oxycodone segment has the largest share in 2020, attracting almost a quarter of the global opioid market. On the other hand, the fentanyl segment is expected to quote the fastest CAGR of 4.6% during the forecast period, due to the increase in fentanyl worldwide.
Major Key Market Players in the Industry –
- AstraZeneca Plc.
- H. Boehringer Sohn Ag
- Kg, Johnson & Johnson, Inc.
- Teva Pharmaceuticals, Sanofi S.A.
- Mallinckrodt Pharmaceuticals
- Purdue Pharma LP
- Pfizer, Inc.
- Sun Pharmaceuticals
- Endo Pharmaceuticals Inc.
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What is the industry size of Opioids in 2020?
Q2. What is the estimated industry size of Opioids?
Q3. What are the upcoming trends of Opioids Market in the world?
Q4. Which is the largest regional market for Opioids?
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Key findings of the study –
- By product type, the Methadone segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 3.0% from 2021 to 2030
- By application, the pain management segment is projected to grow at a CAGR of 2.9% during the forecast period.
- Region-wise, Asia-Pacific is expected to experience a growth at the highest rate, registering a CAGR of 3.5% during the forecast period.
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