Global Medical Morphine Market Growth 2023-2029

Global Medical Morphine Market Growth 2023-2029

Morphine is a pain medication of the opiate variety which is found naturally in a number of plants and animals. It acts directly on the central nervous system (CNS) to decrease the feeling of pain. It can be taken for both acute pain and chronic pain. It is frequently used for pain from myocardial infarction and during labour. It can be given by mouth, by injection into a muscle, by injecting under the skin, intravenously, into the space around the spinal cord, or rectally. Maximum effect is around 20 minutes when given intravenously and 60 minutes when given by mouth, while duration of effect is 3–7 hours. Long-acting formulations also exist.

LPI (LP Information)' newest research report, the “Medical Morphine Industry Forecast” looks at past sales and reviews total world Medical Morphine sales in 2022, providing a comprehensive analysis by region and market sector of projected Medical Morphine sales for 2023 through 2029. With Medical Morphine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Morphine industry.

This Insight Report provides a comprehensive analysis of the global Medical Morphine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medical Morphine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medical Morphine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Morphine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Morphine.

The global Medical Morphine market size is projected to grow from US$ 10730 million in 2022 to US$ 12670 million in 2029; it is expected to grow at a CAGR of 12670 from 2023 to 2029.

The increasing prevalence of arthritis and cancer in geriatric patients is projected to impact the morphine market globally positively. The global medical morphine market is consolidated in nature owing to the dominance of few companies in manufacturing and processing. Morphine production is regulated by stringent regulation policies passed by several countries which would hamper its manufacturing. North America dominated the global medical morphine market and is expected to maintain its position in global market attributed to its increasing consumption in the U.S.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Morphine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Oral
Injectables

Segmentation by application
Cancer
Arthritis

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mallinckrodt Pharmaceuticals
Alcaliber
Purdue Pharma
Pfizer
Sun Pharmaceutical Industries
Taj Pharmaceuticals Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medical Morphine market?

What factors are driving Medical Morphine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Medical Morphine market opportunities vary by end market size?

How does Medical Morphine break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.