Opioids Market Size Worth $34.96 Billion by 2025 | CAGR 4.8%: Grand View Research, Inc.

Tuesday, April 17, 2018 Research News
Email Print This Page Comment bookmark
Font : A-A+

SAN FRANCISCO, April 17, 2018 /PRNewswire/ --

The global opioids market size is estimated to reach

USD 34.96 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.8% during the forecast period. Growing geriatric population, coupled with increasing focus on palliative care, is estimated to boost the
market. Moreover, increasing number of acquisitions and collaborations by market players is expected to drive growth.

     (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg )

Furthermore, rising prevalence of disease conditions with chronic pain, such as cancer, lower back pain, arthritis, and fibromyalgia is driving the market. Substantial rise in road accidents and trauma, coupled with constantly increasing cases of surgical procedures, is also driving demand for opioid-based pain management solutions.

North America is leading the opioids market with a share of over 56.0% in 2016. One of the major reasons for its dominance is rising geriatric population with terminal conditions, such as rheumatoid arthritis. However, opioid abuse in U.S. has been rising at an alarming rate. Overdose of opioids has killed over 28,000 people in 2014 alone. Almost half of those deaths were caused by prescription opioids. Hence, opioid abuse has been declared a "public health emergency" in U.S., and this is likely to limit the growth of opioids in North America.

Browse full research report with TOC on "Opioids Market Size, Share & Trends Analysis Report By Product, By Application (Pain Relief, Anesthesia, Cough Suppression, Diarrhea Suppression, Deaddiction), By Region, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/opioids-market

Further Key Findings From the Report Suggest: 

  • Extended release opioids were the largest product segment in 2016 due to its high usage in chronic pain management
  • Anesthesia is estimated to be the fastest growing application segment over the forecast period due to factors such as safety and high drug efficacy
  • Cancer pain was the largest pain relief segment in 2016 owing to global increase in prevalence of cancer
  • North America was the largest region in 2016 owing to local presence of key players and increasing adoption of opioids for pain management
  • Europe was the second-largest segment in 2016 due to factors such rising geriatric population
  • Asia Pacific is expected to witness fastest growth over the forecast period due to increase in geriatric population, coupled with increase in focus on palliative care
  • Some of the key players are Purdue Pharma L.P; West-Ward Pharmaceuticals Corporation; Allergan; Pfizer, Inc.; Janssen Pharmaceuticals, Inc.; Egalet Corporation; and Sun Pharmaceutical Industries Limited
  • Most key players are focusing on entering untapped regions and expanding their product portfolios.

Browse related reports by Grand View Research: 

  • High Content Screening Market - Rising need of determination and study of toxicity levels in the initial phases of drug discovery is also high rendering impact driver of the high content screening market.
  • Healthcare Predictive Analytics Market - The global healthcare predictive analytics market was valued at USD 1.48 billion in 2015 and is expected to grow at a CAGR of 29.3% over the forecast period. 
  • Medical Holography Market - The global medical holography market size was valued at USD 281.4 Million in 2015 and is expected to witness a CAGR of 31.0% during the forecast period. 
  • Medical Billing Outsourcing Market - The global medical billing outsourcing market was valued at nearly USD 6.3 billion in 2015 and is expected to reach USD 16 billion by 2024.

Grand View Research has segmented the global opioids market on the basis of product, application, and region: 

  • Opioids Product Outlook (Revenue, USD Billion, 2014 - 2025) 
    • Immediate-Release/Short-Acting Opioid
      • Codeine
      • Oxycodone
      • Hydrocodone
      • Fentanyl
      • Morphine
      • Hydroxymorphone
      • Oxymorphone
      • Propoxyphene
      • Other IR
    • Extended-Release/Long-Acting Opioid
      • Oxycodone
      • Hydrocodone
      • Methadone
      • Fentanyl
      • Morphine
      • Oxymorphone
      • Tapentadol
      • Buprenorphine
      • Hydromorphone
      • Other ER
  • Opioids Application Outlook (Revenue, USD Billion, 2014 - 2025) 
    • Pain Relief
      • Cancer pain
      • Postoperative pain management
      • Low-back pain
      • Orthopedic
      • Neuropathic pain
      • Fibromyalgia
    • Anesthesia
    • Cough Suppression
    • Diarrhea Suppression
    • Deaddiction
  • Opioids Regional Outlook (Revenue, USD Billion, 2014 - 2025) 
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • South Africa

Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/healthcare

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

SOURCE Grand View Research, Inc.

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store