The study discusses growth and opportunities in the global heavy-oil and bitumen market. Heavy-oil production forecast and historic values are estimated in terms of the drivers and restraints of the market. A detailed analysis of heavy-oil extraction technology is provided. The multiple challenges which create a road block in heavy-oil development are also discussed in detail. A comprehensive country analysis discussing the locations of the prospective reserves, production forecast, technology used, etc. has also been included in the study.