Global Opioids Drug Market Share to reach USD 9.01 billion by 2028

Date: February 06, 2023

Global Opioids Drug Market Share to reach USD 9.01 billion by 2028

Research analysts cite that global Opioids Drug Market size was estimated at USD 10,251.26 million in 2022 and is likely to witness a declining CAGR of -1.82% during the study period, to amass USD 9,015.72 million by 2028.

The research report on ‘Global Opioids Drug Market’ offers comprehensive insight into the industry by examining past and current trends. It provides a clear picture of growth drivers, barriers, and potential opportunities that may arise in the future. Additionally, the report examines internal and external factors that impact the market's scope. Furthermore, it provides a comprehensive overview of the growth strategies, product offerings, and financial status of key players in the industry.

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COVID-19 impact:

Many industries around the world were affected by the onset of the COVID-19 pandemic, including worldwide opioids drug industry. The pandemic caused a major disruption in the supply chain and distribution network of these drugs, leading to shortages and increased prices in some regions. At the same time, the outbreak also led to a decrease in demand for certain types of opioids as a result of delayed surgical procedures and decreased pain management needs, thus hampering the industry expansion.

However, the industry has been trying to get back to its prominence after the initial wave of COVID-19 subsided, considering the wide availability of vaccinations, and is likely to show signs of scaled profitability in the forthcoming years.

Segmentation and regional analysis

Based on type, the industry is branched into fentanyl, codeine, hydromorphone, and oxycodone. With respect to the application landscape, global opioids drug market is divided into anesthesia, pain relief, and others.

Geographically, the key regions expected to have a significant impact on market yield during the assessment period are Asia Pacific, Europe, Latin America, Middle East & Africa, and North America.

Competitive Analysis:

Egalet Corporation, Hikma Pharmaceuticals plc, Mylan N.V., Insys Therapeutics, Pfizer Inc., Endo International plc, Johnson & Johnson, Collegium Pharmaceutical Inc., Amneal Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals plc, Purdue Pharma L.P., and Teva Pharmaceutical Industries Ltd. are the key competitors in global opioids drug industry.

FAQs:

How are the different segments in global opioids drug market bifurcated by type?

A: Fentanyl, codeine, hydromorphone, and oxycodone are types of opioids drug assessed in the industry report.

How are the applications in global opioids drug market report bifurcated?

A: With respect to the application landscape, the industry is fragmented into anesthesia, pain relief, and others.

Which are the prominent companies influencing global opioids drug market dynamics?

A: Egalet Corporation, Hikma Pharmaceuticals plc, Mylan N.V., Insys Therapeutics, Pfizer Inc., Endo International plc, Johnson & Johnson, Collegium Pharmaceutical Inc., Amneal Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals plc, Purdue Pharma L.P., and Teva Pharmaceutical Industries Ltd. are the key competitors in global opioids drug industry.

Which geographical areas are critical to global opioids drug market revenue?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of the worldwide market for opioids drug?

A: Global opioids drug market is anticipated to reach USD 9,015.72 million by 2028, presenting a negative CAGR of -1.82% during the forecast period.

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