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Opioids 2019 Global Market Net Worth US$ 19,554.49 million Forecast By 2023

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Opioids 2019 Global Market Net Worth US$ 19,554.49 million Forecast By 2023

September 04
12:12 2019
Opioids 2019 Global Market Net Worth US$ 19,554.49 million Forecast By 2023

Opioids Market
WiseGuyReports.Com Publish a New Market Research Report On –“ Opioids 2019 Global Market Net Worth US$ 19,554.49 million Forecast By 2023”.

 

Opioids Industry 2019

Description:-

Opioids are drugs that act on the nervous system to relieve pain. The term opioid refers to all substances (exogenous or endogenous) with morphine-like properties. They are the most widely prescribed medications to treat moderate to severe chronic pain. These analgesics are used to manage pain in cancer patients and to treat severe constant pain in patients who suffer from terminal illnesses. 

The main purpose of opioids is to treat conditions inducing chronic pain such as cancers, arthritis, lower back pain, and fibromyalgia. The market for opioids is increasing due to the growing geriatric population, coupled with an increasing focus on palliative care and technological advancements in opioids. However, drug misuse and addiction are likely to hamper the market growth over the forecast period. 

 

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The global opioids market is growing at a rapid pace. The global opioids market is expected to reach USD 29,535.80 million by 2023 from USD 19,554.49 million in 2017 and is expected to register a CAGR of 7.12% during the forecast period of 2018 to 2023. 
In 2017, the market was led by the Americas with a 77.49% share, followed by Europe, and Asia-Pacific with shares of 10.69% and 8.1%, respectively. 

The market has been segmented based on product, application, and end-user. 
The global opioids market on the basis of product has been segmented into immediate-release/short-acting opioid and extended-release/long-acting opioid. Immediate-release/short-acting opioid is further sub-segmented into codeine, oxycodone, hydrocodone, fentanyl, morphine, propoxyphene, and others. Extended-release/long-acting opioid is further sub-segmented into oxycodone, hydrocodone, methadone, fentanyl, morphine, oxymorphone, and others. The extended-release opioid segment accounted for the larger market share of 65.21% in 2017, with a market value of USD 12,750.91 million; it is expected to register a CAGR of 6.96% during the forecast period. 
The global opioids market on the basis of application has been segmented into pain relief and anesthesia. Pain relief is further sub-segmented into cancer pain, postoperative pain management, low-back pain, orthopedic pain, neuropathic pain, and fibromyalgia. Anesthesia is further sub-segmented into cough suppression, diarrhea suppression, and de-addiction. The pain relief segment accounted for the largest market share of 38.09% in 2017, with a market value of USD 7,448.51 million; it is expected to register a CAGR of 6.28% during the forecast period. 

The global opioids market on the basis of end user has been segmented into hospitals and clinics, pharmacies, academic research institutes, and others. The hospitals and clinics segment accounted for the largest market share of 50.51% in 2017, with a market value of USD 9,876.99 million; it is expected to register a CAGR of 6.90% during the forecast period. 

Key Players 
Sanofi SA, Pfizer Inc, Boehringer Ingelheim GmbH, Teva Pharmaceutical Industries Ltd, Allergan Inc., Purdue Pharma L.P., West-Ward Pharmaceuticals Corporation, Sun Pharmaceutical Industries Ltd, Egalet Corporation, Janssen Global Services, LLC, Vertice Pharma LLC, and Mallinckrodt 

Study Objectives 
To provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the global opioids market 
• To provide insights into factors influencing and affecting the market growth 
• To provide historical and forecast revenue of market segments and sub-segments with respect to countries 
• To provide strategic profiling of key players in the market and comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market 
• To provide economic factors that influence the global opioids market 
• To provide a detailed analysis of the value chain and supply chain of the global opioids market 

Target Audience 
• Research and Development (R&D) Companies 
• Pharmaceutical Companies 
• Government Research Institutes 
• Academic Institutes and Universities 
• Research Laboratories 
• Hospitals and Clinics 

 

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Key Findings 
• The global opioids market is expected to reach USD 29,535.80 million by 2023 at a CAGR of 7.12% from 2018 to 2023 
• The Americas accounted for the largest market share of 77.49% in 2017, with a market value of USD 15,151.87 million; the market is expected to register a CAGR of 6.72% during the forecast period. Europe was the second-largest market in 2017, valued at USD 2,091.00 million; the market is projected to exhibit a CAGR of 7.34%. However, the market in Asia-Pacific is expected to register the highest CAGR of 10.34%. 
• On the basis of end user, the hospitals and clinics segment accounted for the largest market share of 50.51% in 2017, with a market value of USD 9,876.99 million; it is expected to register a CAGR of 6.90% during the forecast period. The pharmacies segment was the second-largest market in 2017, valued at USD 4,368.80 million; it is projected to exhibit a CAGR of 7.31%. However, the academic research institutes segment is expected to register the highest CAGR of 7.53%. 
• On the basis of application, the anesthesia segment was the second-largest market in 2017, valued at USD 4,082.84 million; the market is projected to register the highest CAGR of 7.94%. 

Regional Analysis 
• Americas 
o North America 
§ US 
§ Canada 
o Latin America 
• Europe 
o Germany 
o France 
o UK 
o Italy 
o Spain 
o Rest of Europe 
• Asia-Pacific 
o Japan 
o China 
o India 
o Australia 
o Republic of Korea 
o Rest of Asia-Pacific 
• Middle East & Africa 
o Middle East 
o Africa

Table Of Content – Major key Points

1 Report Prologue

2 Market Introduction

3 Research Methodology 

4 Market Dynamics 

5 Market Factor Analysis 

6 Global Opioids Market, by Product 

7 Global Opioids Market, by Application 

Continued……

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