Global Opioids Market: Overview
The global opioids market is expected to witness a substantial growth over the tenure of 2017 to 2025, says a recent study by Transparency Market Research. According to the report the market is anticipated witness this growth due to growth in the development if generic drugs for the treatment of moderate or chronic pain. These development initiated by pharmaceutical companies are the result of improving healthcare infrastructure and need to treat patients in a better way in countries like China, India, and the U.S. Moreover, the global opioids market is also anticipated to witness the growth due to rising cases of severe migraine and high fever among people due to over exertion across the globe.
A recent study on global opioids market provides in-depth analysis of the market. This report helps the reader to get a clearer picture of the dynamics of the market so that they can make better decisions and have a successful career during the forecast period of 2017 to 2025. The report covers the facets such as challenges, trends, developments, and opportunities prevalent in the global opioids market between 2017 and 2025.
Global Opioids Market: Drivers and Trends
Growing Demand for Pain Killers
Hectic work life and restlessness has led the people to experience severe body aches. These body aches make the patient’s life miserable and restricts the productivity. Moreover, constant sitting at workstation in a particular posture also leads to stiffness in the body which results in the development of pain in the body. This has become a common health concern for majority of youth working in various offices. This growth in the number of patients suffering from chronic pain is the major factor that is propelling the growth of global opioids market from 2017 to 2025. This has also upsurged the demand for pain killers across the globe which is further boosting the growth of global opioids market from 2017 to 2025.
Adoption of Oxycodone Propels the Market
Oxycodone is one of the most effective pain killers available in the market today. This drug helps the patient to overcome the pain and focus on their work and other chores. However, the drug was not excepted initially due to the high cost and unawareness of the constituents of the drugs. Nevertheless, with growing awareness about the benefits of the drugs is helping the adoption to grow substantially these days. This growth in the adoption of oxycodone among the patients is a crucial aspect that is propelling the growth of global opioids market from 2017 to 2025.
Global Opioids Market: Segmentation
The report classifies the global opioids market into various categories to provide better insight to the players. These insights help the players to deduce effective strategies that can further help them grow substantially in the global opioids market. Some of the segments of global opioids market are as follow:
On the basis of type, the global opioids market is segmented into: opium alkaloids, endogenous, semisynthetic, and synthetic opioids. Among these segments, the synthetic opioid is expected to emerge as the largest segment in the global opioids market. This is due to rising research and development by pharmaceutical companies to develop effective drugs.
Based on distribution channels the opioids market is segmented into: retail pharmacies, hospital pharmacies, and online pharmacies. Among these the online pharmacies are expected to dominate the global opioids market. This is due to growth in digital platforms and rising trend of online shopping.
Global Opioids Market: Regional Analysis
North America is expected to emerge as the largest regional segment in the global opoids market. This is due to presence of various pharmaceutical companies and growing research and developments by these organizations to develop new and effective drugs.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.