Opioids Market to Witness Steady Expansion During 2019-2026
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Opioids Market
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Global Opportunity
Analysis and Industry
Forecast 2026
2. “The growth of the global opioids market is due to rise in use of opioids in pain management and surge in
consumption of opioids in developing economies. Furthermore, increase in incidences of migraine, back ache, and
others in the region is expected to boost the growth of the market.”
Onkar Sumant
Assistant Manager, Healthcare at Allied Market Research
Opioids Market
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3. Allied Market Research recently published a report, titled, "Opioids Market by Product (Codeine, Fentanyl, Methadone,
Oxycodone, Morphine, Hydrocodone and Others) and Application (Pain Management, Cough Treatment, and Diarrhea): Global
Opportunity Analysis and Industry Forecast, 2019-2026." The report provides a detailed analysis of the market, including key
winning strategies, industry drivers & restraints, market size & forecast, top investment pockets, competitive landscape, and
wavering market trends. As per the report, the global opioids industry was estimated at $18.53 billion in 2018 and is expected to
hit $22.38 billion by 2026, registering a CAGR of 3.2% during 2019–2026.
Drivers, restraints and opportunities-
Rise in use of opioids in pain management fuels the growth of the global opioids market. On the other hand, implementation of
stringent government regulation toward vigorous prescription and opioid crisis across the world restrain the growth to some
extent. Nevertheless, increase in consumption of opioids in developing economies is projected to create a number of
opportunities in the industry.
Opioids Market
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4. The oxycodone segment to rule the roost-
Based on product, the oxycodone segment accounted for nearly one-fourth of the global opioids market revenue in 2018 and is
expected to retain its dominance throughout the study period. Increase in its consumption for pain management has propelled
the growth of the segment. The fentanyl segment, on the other hand, would showcase the fastest CAGR of 3.7% during the
estimated period. This is due to Increased usage of fentanyl patch for pain relief across the globe.
The pain management segment to remain lucrative by 2026-
Based on application, the pain management segment garnered the major share in 2018, holding nearly three-fifths of the global
opioids market. This is attributed to wide usage of opioids for pain management across the world. The same segment is also
anticipated to grow at the fastest CAGR of 2.6% during 2019–2026.
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Opioids Market
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5. North America to dominate in terms of revenue-
Based on geography, North America contributed to nearly half of the global opioids market share in 2018, and is expected to lead
the trail till 2026. Ease of availability and vigorous use of opioid analgesics in this region have fueled the growth. At the same
time, the Asia-Pacific region would showcase the fastest CAGR of 3.0% throughout the forecast period. This is due to the
presence of key players such as Teva Pharmaceuticals, Janssen Pharmaceuticals, Inc., and others in the region.
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Key Findings of the Bioplastics Market:
This report entails a detailed quantitative analysis along with the current opioids market trends from 2019 to 2026 to identify
the prevailing opportunities along with the strategic assessment.
The market forecast is studied from 2018 to 2026.
The opioids market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the
market.
Opioids Market
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6. Major Companies:
Pfizer, Inc.
Purdue Pharma
Sanofi
Sun Pharmaceuticals
Boehringer Ingelheim
Mallinckrodt Pharmaceuticals
Allergan, Plc
Janssen Pharmaceuticals, Inc.
Endo Pharmaceuticals Inc.
Opioids Market
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Opioids Market
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