Opioid Induced Side Effects Treatment Market: Overview
Opioids are strong analgesics that are highly addictive in nature. These are narcotic medications, which are to be administered cautiously to prevent serious side effects. Opioids are recommended for severe pain, which is not expected to be relieved effectively by normal analgesics. The opioid class of painkillers includes codeine, fentanyl, hydrocodone, hydromorphonw, methadone, meperidine, morphine and oxycodone. These opioids are available as single drug product as well as in combination with other analgesic such as oxycodone in combination with acetiaminophen. As these drugs attach to specific proteins called opioid receptors present in brain, spinal cord, gastrointestinal tract and other parts of the body, it can negatively affect these organs if taken for a longer term.
Opioids can cause various side effects such as nausea, constipation, interruption in the CNS functions, prutitis, hyperalgesia, seizures, hallucination and respiratory depression. Long-term use or abuse of opioids can depress respiration and may lead to death if continued. Certain identified opioid induced side effects treatment options to minimize adverse events include dose reduction, symptomatic management and opioid rotation. Physicians support the clinical use of opioid rotation in which, one opioid is exchanged for the other to improve pain control or manage the adverse effects. Symptomatic management includes administration of drugs providing relief from the various side effects.
Opioid Induced Side Effects Treatment Market: Segmentation
The opioid induced side effects treatment market is categorized based on the side effects caused by opioids and the medications used to treat or reduce the intensity of those side effects. Therefore, based on the side effects, the global opioid induced side effects treatment market is segmented as medications for nausea, constipation, CNS adverse effects and pruritis. Medications for treating opioid induced nausea include antihistamines, antipsychotics and related agents, prokinetic agents and serotonin antagonists. Medications for opioid induced constipation include methylcellulose, polycarbophil, psyllium, lactulose, polyethylene glycol, sorbitol, magnesium citrate, bisacodyl, docusate sodium and senna. Medications for opioid induced CNS adverse effects include haloperidol, risperidone, dextroamphetamine and methylphenidate. Medications for opioid induced pruritis include antihistamines such as cetrizine, diphenhydramine, fexofenadine, hydroxyzine and loratadine. Some of the other recommended treatment drugs include buprenorphine and naloxone.
Rising drug abuse and further research development in this field leading to introduction of new products would drive the global opioid induced side effects treatment market. In April 2014, the FDA approved naloxone (Evzio) as an autoinjector dosage form for home use by family members or caregivers.
Opioid Induced Side Effects Treatment Market: Region-wise Outlook
Based on geography, the global opioid induced side effects treatment market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America leads the global opioid induced side effects treatment market owing to higher drug abuse levels in this region which demands the need for treatment of the side effects induced by opioids. According to the Centers for Disease Control and Prevention death due to opioid overdose rose from 4,030 deaths in 1999 to 16,651 in 2010. In addition, nearly 60% of the overall drug overdose deaths in 2010 (22,134) in the U.S., was on account of pharmaceutical drugs of which opioid drugs were the reason for three out of every four pharmaceutical overdose deaths. Thus, the need for prevention and control has been recognized in the U.S. healthcare market. However, the Asia-Pacific opioid induced side effects treatment market is expected to grow at a faster rate owing to rising drug abuses in this region which is alarming the need for treating the drug induced side effects.
Some of the key players in the global opioid induced side effects treatment market include AstraZeneca plc, S.L.A. Pharma AG, Shionogi & Co., Ltd., Cubist Pharmaceuticals, Inc., Progenics Pharmaceuticals, Inc., and AIKO Biotechnology, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.