Market Highlights:

The forecasted CAGR of 7.12% of the opioids market Share is expected to reach USD 29,535.80 million

Market Research Future (MRFR) studied the global opioids market 2020 across the review period from 2017 to 2027. The opioids market value can touch about USD 19,554.49 Mn by in 2027. COVID 19 assessment for the opioids market is offered with the report. The increase in need for narcotic pain medication as number of surgeries increase can favor the opioids market in the near future. The rise in number of people suffering from chronic pain daily can promote expansion of the market. The increase in use of opioids for disorders that cause chronic pains, such as arthritis, cancers, fibromyalgia, lower back pain, and favorable reimbursement policies can also boost the market. However, increase in cases of overdose of opioid can restrain the market rise in the forecast period

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Regional Analysis:

The opioids market in Americas can secure the largest share of the worldwide global opioids market in the study period.

The increase in the application of intravenous usage of opioids due to its fast action can promote the regional market rise in the near future. The growing awareness of IV application of opioids and its medical uses can drive the regional market in the near future. The market in Americas can accounted for the major share of the worldwide opioids market owing due rise in intravenous drug application.

In Europe, the opioids market can thrive owing to the rise in demand for palliative care facilities. The introduction of reformed regulations for prescribing opioids can promote the market in the region.

In Asia Pacific, the market is likely to be fast growing through the review period. Populace demographics and rise in availability of effective opioid medicines can favor the Asia Pacific opioids market in the analysis period.

In South Korea, the market can secure about 6% of the APAC opioids market by 2027. In the Middle East and Africa region, a steady rise for the market is likely due to increase in count of opioid manufacturers in the region.

Segment analysis:

The market, by application, can be segmented into pain relief, anesthesia, cough suppression, diarrhea suppression, and de-addiction. On the basis of end user, the global opioids market is segmented into hospitals & clinics, pharmacies, and academic research institutes.

The global opioids market, by product, has been segmented into extended-release/long-acting opioids and immediate-release/short-acting opioids. The extended-release opioid segment is further segmented into oxycodone, oxymorphone, morphine, hydromorphone, and others. The extended-release opioid segment accounted for a value of USD 12,750.91 million in 2017. The immediate-release opioid segment is further segmented into codeine, hydrocodone, fentanyl, morphine, and others.

Key Findings of the Study:

• The global opioids market is projected to reach USD 29,535.80 million by 2023 at a CAGR of 7.12% during the review period from 2018 to 2023
• Americas accounted for the largest share of the global market due to rising intravenous drug use in the region.
• The extended-release opioid segment accounted for the largest product segment revenue of USD 12,750.91 million in 2017.
• Some of the players operating in the opioids market are Egalet Corporation, Purdue Pharma L.P., and Vertice Pharma, among others.
  
  

This research report provides insights, on various levels of analysis such as industry analysis, market share analysis, leading market players, and their profiles. This report also helps in studying the target segments by providing views on emerging and high-growth segments and market conclusion. Together the market data comprises and discusses basic assessments on the competitive scenarios and strategies of the global opioids market, including the high-growth regions and their political, economic, and technological environments. Furthermore, the project report also provides views over historical market values as well as, pricing and cost analysis of the same.

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