Opioids Market Size, Share, Trends and Forecast 2022-2027 According to IMARC Group’s latest report, titled “Opioids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 20.4 Billion in 2021. Opioids are pain-relieving compounds that are used to provide relief from severe pain. They are naturally occurring, synthetic or semi-synthetic compounds that bind to opioid receptors and activate them to block the pain signals. Some of the commonly available opioids include codeine, fentanyl, methadone, oxycodone, morphine and hydrocodone. They aid in managing pain caused by injuries or disease in the brain, spinal cord, intestines and other parts of the body. They are administered intravenously through injections or infusions and through managed oral and transdermal routes that involve the systemic distribution of the active ingredients over the skin.
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The global opioids market is primarily being driven by the increasing prevalence of cancer, obesity and chronic disorders among the masses. Moreover, the rising geriatric population and the escalating requirement for effective pain management solutions are providing a thrust to the market growth. In line with this, the widespread adoption of opioids to control post-surgical pain management and promote speedy recovery is favoring the market growth. Other factors, including the increasing health consciousness among the masses, along with extensive improvements in medical infrastructure, are creating a positive outlook for the market. Looking forward, IMARC Group expects the opioids market to reach US$ 24.9 Billion by 2027, exhibiting at a CAGR of 3.3% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Boehringer Ingelheim International GmbH
- Hikma Pharmaceuticals PLC
- Mallinckrodt plc
- Pfizer Inc.
- Purdue Pharma L.P.
- Sanofi S.A.
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
Market Segmentation:
Breakup by Product Type:
- Codeine
- Fentanyl
- Methadone
- Oxycodone
- Morphine
- Hydrocodone
Breakup by Application:
- Pain Management
- Cough Treatment
- Diarrhea Treatment
- Others
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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