Opioids Market Information: By Product (Extended-Release/Long-Acting Opioid, Immediate Release/Short Acting Opioid), by Application (Pain Relief, Anesthesia, Cough Suppression, Deaddiction, Others), by End User, and by Region — Global Forecast till 2023Market Highlights:The global opioids market is expected to register a CAGR of 7.12% during the forecast period with a market value of USD 19,554.49 million in 2017.
Opioids are a type of narcotic pain medications that are used to treat moderate to severe pain medications.
According to the National Health Interview Survey 2017, 25.3 million Americans suffer from chronic pain daily and 23.4 million people reported their pain as severe.The increasing use of opioids for disease condition causing chronic pains such as cancers, arthritis, lower back pain, and fibromyalgia, favorable reimbursement policies for palliative care in developed regions, and substantial rise in road accidents, trauma, and surgical procedures have led to the growth of the global opioids market in the recent years.
However, rising addiction and death cases due to an overdose of opioid are likely to restrain market growth over the forecast period.Intended AudiencePharmaceutical CompaniesResearch InstitutesHospitalsAcademic InstitutesAvail a Free Sample@ https://www.medgadget.com/2019/11/global-opioids-market-size-2019-industry-analysis-growth-share-segments-key-innovative-product-development-strategies-top-key-players-and-future-trends-analysis-by-2023.html Segment analysisThe global opioids market, by product, has been segmented into extended-release/long-acting opioids and immediate-release/short-acting opioids.
The extended-release opioid segment is further segmented into oxycodone, oxymorphone, morphine, hydromorphone, and others.
On the basis of end user, the global opioids market is segmented into hospitals & clinics, pharmacies, and academic research institutes.Regional AnalysisThe Americas is expected to hold the largest share of the global opioids market.