Global Oxycodone Market – Overview
Oxycodone is an opioid that is generally present in tablet shape or liquid formation. It is mainly used as a pain reliever. There are two main types of oxycodone based on their activity component. They are long-activity component and short activity component. The development of the global oxycodone market has been gaining shape since last few years with increasing demand for the same to relieve post surgery pain. Moreover, with growing prevalence of chronic disorders, the market is expected to receive prime benefits from the same.
Global Oxycodone Market – Key Trends
There are several factors that are helping to augment the development of the global oxycodone market. One of the biggest driving factor for the market development has been the growing prevalence of Parkinson’s syndrome. Also, in recent years, rheumatic diseases and cancer patients too have been demanding oxycodone. This too has increased the demand for the market. Primarily oxycodone is used as a pain reliever after surgeries or operations and several other medical conditions. This has also been a considerable factor in pushing up the development of the global market in recent years. Moreover, in recent years, there has been a growing prevalence of chronic disorders such as arthritis, fibromyalgia, and lower back among others. Oxycodone is being increasingly used for relieving pain in such instances and thus the market has been gaining a serious momentum due to these developments.
Global Oxycodone Market – Geographical Landscape
The geographical landscape of the global oxycodone market is vast and varied with the presence of five key regions. These regions are North America, Asia Pacific, Middle East and Africa, Latin America, and Europe. Of these, currently the global oxycodone market is being dominated by the region of North America. The growing development rate of oxycodone and favorable reimbursement policies offered by the government are some of the key reasons behind the development of the oxycodone market in the North America region. Moreover, the presence of global leaders in the international oxycodone market is also expected to benefit the development of the regional market.
On the other hand, the regional segment of Asia Pacific is projected to witness a highly promising rate of development over the course of the mentioned period of forecast ranging from 2019 to 2027. The market growth is attributed to the overwhelming demand from countries such as India, Australia, New Zealand and Japan. With the growing number of notable and famous clinics with increased spending power and advanced equipment in the regions is helping to push the development of the market in Asia Pacific.
Moreover, the oxycodone market in the Middle East and Africa is fueled by the growing demand from the Gulf nations. Also, increasing spending on the development of the healthcare infrastructure is also expected to help the development of the Middle East and Africa market for oxycodone.
Global Oxycodone Market – Competitive Landscape
The competitive landscape of the global oxycodone market is a fragmented one because there are various notable brands operating in the market space. These companies in the global market are expected to invest considerably for the development of newer products and drugs which will help them strengthen their product portfolio and their brand value. In addition to this, these companies are also expected to adopt inorganic marketing strategies such as mergers, takeovers, joint ventures, and strategic alliances in order to stay ahead of the competitive curve.
Some of the key names operating in the global market for oxycodone include names such as Janssen Pharmaceuticals Inc., Teikoku Pharma USA Inc., Mylan NV, Acorda Therapeutics, Purdue Pharma LP, Daiichi Sankyo, Pfizer Inc., Endo Pharmaceuticals, and Teva Pharmaceuticals among others.
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The following regional segments are covered comprehensively:
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
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