Global Opioids Market Size, Trends & Growth Opportunity, By Application, Product Type, By Route of Administration, By Distribution Channel, By Region and Forecast Till 2027.

Global Opioids Market Size, Trends & Growth Opportunity, By Application, Product Type, By Route of Administration, By Distribution Channel, By Region and forecast till 2027.

Global Opioids Market

Global Opioids Market was valued at US$ 42,429 Mn in 2021 and would rocket up to US$ 50,432 Mn by 2027 at a CAGR 2.8% from 2022-2027.

Opioids are the medication utilized for the treatment of severe or continuous pain such as chronic headaches, backaches, by patients either recovering from surgery or undergoing severe pain associated with cancer, and by adults and children who got injured playing sports or those who have been severely injured in fall, auto accident or other incidents. Opioids are also called as narcotics. Physicians prescribe various types of Opioids in different strengths that can be consumed in various forms, according to the patient, the situation, and the Type and level of pain. Even though some Opioids are used to treat cough & diarrhea.

Market Drivers

Many people suffering with chronic pains globally which is anticipated to drive the growth of global opioid market. The key elements which drive the growth of market involve the rise in admistration of these drugs to reduce pain & increase in the geriatric population which ids majorly susceptible to orthopedic pain. Growing consumption of opioids analgesic for pain management in developing regions is expected to make profitable opportunities for market growth during the forecast period.

Market Restraints

Origination and validation of cannabis as an alternative to opioids hamper the growth of the market. Side effects associated with opioids are expected to impede to market growth over the forecast period. Side effect of opioids such as patient may suffer from constipation, nausea & vomiting when patient starts consuming opioids which restraints the growth of Opioids market. Also, market players are concentrating on launching non-opioid pain treatment products which is responsible for restraints the market growth.

Market Segmentation

The Global Opioids Market is segmented into Product Type, Route of Administration, Distribution Channel, Application. By Product Type such as Methadone, Codeine, Fentanyl, Oxycodone, Morphine, Hydrocodone, Others. By Rout of Administration such as Oral, Topical, Parenteral, Others. By Distribution Channel such as Hospital Pharmacies, Retail Pharmacies, Online Pharmacies. By Application such as Pain Management, Cough Treatment, Diarrhea Treatment.

Regional Analysis

The Global Opioids Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to hold superior position in the Global Opioids Market during the forecast period due to rising number of product approvals by regulatory authorities. US has largest market for Opioids due to strong healthcare infrastructure, high medical care accessibility, and strong presence of local players. Canada is anticipated to witness significant growth in the market because of high spending in public health infrastructure, government initiatives, decrease in medication costs, and growing healthcare expenditure per capita.

Key Players

Various Key Players are listed in this report such as Teva Pharmaceutical Industries Ltd., Johnson & Johnson, Endo International plc, Lupin Limited, Cadila Healthcare Limited, Purdue Pharma L.P., AbbVie Inc., Fresenius Kabi, Mallinckrodt Pharmaceuticals, Pfizer Inc.,

Market Taxonomy

By Product Type

• Methadone
• Codeine
• Fentanyl
• Oxycodone
• Morphine
• Hydrocodone
• Others.

• Oral
• Topical
• Parenteral
• Others

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

• Pain Management
• Cough Treatment
• Diarrhea Treatment.

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa