Opioid Analgesic Trends and Forecast
The future of the global opioid analgesic market looks promising with opportunities in the hospital, retail pharmacy, drug store, and online pharmacy markets. The global opioid analgesic market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing need for pain treatment following surgery, improvements in medication formulations to reduce the negative effects of analgesics, as well as, increasing rates of orthopedic diseases and persistent pain in the elderly.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Opioid Analgesic by Segment
The study includes a forecast for the global opioid analgesic by drug class, indication, route of administration, end use, and region.
Opioid Analgesic Market by Drug Class [Shipment Analysis by Value from 2018 to 2030]:
- Morphine
- Codeine
- Fentanyl
- Meperidine
- Methadone
- Tramadol
- Oxycodone
- Dextromethorphan
- Buprenorphine
- Others
Opioid Analgesic Market by Indication [Shipment Analysis by Value from 2018 to 2030]:
- Surgical Pain
- Cancer Pain
- Neuropathic Pain
- OthersOpioid Analgesic Market by Route of Administration [Shipment Analysis by Value from 2018 to 2030]:
- Oral
- Parenteral
- Transdermal
- OthersOpioid Analgesic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online PharmaciesOpioid Analgesic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Opioid Analgesic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies opioid analgesic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the opioid analgesic companies profiled in this report include-
- Pfizer
- Abbott Laboratories
- Janssen Pharmaceuticals
- Novartis
- Bayer
- GlaxoSmithKline
- F. Hoffmann-La Roche
- Boehringer Ingelheim
- Bausch
- Sanofi
Opioid Analgesic Market Insights
Lucintel forecasts that oral is expected to witness the highest growth over the forecast period because it is the most practical and economical method of administering opioid analgesics.
North America is expected to witness highest growth over the forecast period.
Features of the Global Opioid Analgesic Market
Market Size Estimates: Opioid analgesic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Opioid analgesic market size by drug class, indication, route of administration, end use, and region in terms of value ($B).
Regional Analysis: Opioid analgesic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different drug class, indication, route of administration, end use, and regions for the opioid analgesic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the opioid analgesic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ - Frequently Asked Questions
Q1. What is the growth forecast for opioid analgesic market?
Answer: The global opioid analgesic market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the opioid analgesic market?
Answer: The major drivers for this market are growing need for pain treatment following surgery, improvements in medication formulations to reduce the negative effects of analgesics, as well as, increasing rates of orthopedic diseases and persistent pain in the elderly.
Q3. What are the major segments for opioid analgesic market?
Answer: The future of the global opioid analgesic market looks promising with opportunities in the hospital, retail pharmacy, drug store, and online pharmacy markets.
Q4. Who are the key opioid analgesic market companies?
Answer: Some of the key opioid analgesic companies are as follows:
- Pfizer
- Abbott Laboratories
- Janssen Pharmaceuticals
- Novartis
- Bayer
- GlaxoSmithKline
- F. Hoffmann-La Roche
- Boehringer Ingelheim
- Bausch
- Sanofi
Q5. Which opioid analgesic market segment will be the largest in future?
Answer: Lucintel forecasts that oral is expected to witness the highest growth over the forecast period because it is the most practical and economical method of administering opioid analgesics.
Q6. In opioid analgesic market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the opioid analgesic market by drug class (morphine, codeine, fentanyl, meperidine, methadone, tramadol, oxycodone, dextromethorphan, buprenorphine, and others), indication (surgical pain, cancer pain, neuropathic pain, and others), route of administration (oral, parenteral, transdermal, and others), end use (hospital pharmacies, retail pharmacies, drug stores, and online pharmacies), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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