Opioids Market Size, Share, Top 10 Manufacturers, Promising Growth Factors, Business Boosting Strategies and Competitive Landscape till 2023

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Market Research Future (MRFR) publishes periodic market research report Opioids Market Research Report – Global Forecast till 2023 on niche and emerging technologies.



Opioids Market Analysis 

The global opioids market is predicted to grow at a 7.12% CAGR over the forecast period (2018-2023), in accordance with the latest Market Research Future (MRFR) report. Opioids are a class of drugs that are found naturally in opium poppy plants and works in the brain for producing various effects, including pain relief. It is generally used as diarrhea suppressants, anesthesia, cough suppressants and to cure various other diseases. Opioids are widely used to treat chronic pains related to fibromyalgia, lower back pain, arthritis, and cancer. 

When opioids are prescribed, the potential for dependence, tolerance, its proper treatment, the potential for toxicity, and possible contradictions must always be taken into consideration. Short-term use of opioids when managed properly, will be safe and well as rarely result in dependence. 

Market Segmentation

The MRFR report provides a complete segmental analysis of the opioids market report on the basis of product, application, and end user. 

Based on product, the opioids market is segmented into immediate-release/short-acting opioids and extended-release/long-acting opioids. The extended-release/long-acting opioids segment is further segmented into hydromorphone, morphine, oxymorphone, oxycodone, and others. The immediate-release/short-acting opioids is again segmented into morphine, fentanyl, hydrocodone, codeine, and others. Of these, the extended-release/long-acting opioids segment will have the largest share in the market over the forecast period. This is due to the extensive use of opioids in chronic pain management. 

Based on application, the opioids market is segmented into de-addiction, diarrhea suppression, cough suppression, anesthesia, and pain relief. Of these, the pain relief segment will dominate the market over the forecast period. This is due to the extensive use of opioids in pain management therapies. 

Based on end user, the opioids market is segmented into academic research institutes, pharmacies, and hospitals and clinics. Among these, hospitals and clinics will lead the market during the forecast period. 

COLLECT DETAILED REPORT INFORMATION

https://www.marketresearchfuture.com/reports/opioids-market-7626

Key Players

Leading players profiled in the opioids market report include Mallinckrodt (Surrey), Vertice Pharma LLC (UK), Janssen Global Services, LLC (US), Egalet Corporation (US), Sun Pharmaceutical Industries Ltd (India), West-Ward Pharmaceuticals Corporation (Jordan), Purdue Pharma L.P. (US), Allergan Inc. (US), Teva Pharmaceutical Industries Ltd (Israel), Boehringer Ingelheim GmbH (Germany), Pfizer Inc. (US), and Sanofi SA (France). Key players are adopting various strategies to create a niche in the market such as product launches and innovations, research and development, collaborations, mergers and acquisitions, expansions, and more. 

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