Persistence Market Research Released New Market Report on “Opioids Market: Global Industry Analysis and Forecast to 2020” in the category "Pharmaceuticals"
New York, NY -- (SBWIRE) -- 09/25/2014 -- The global pain relief market is growing vigorously due to increase in aging population and rising prevalence of diseases such as arthritis, cancer and diabetic neuropathy. Opioids refer to the class of drugs used in pain management. It reduces the intensity of pain signals reaching brain; thus reduces the painful stimulus. Various opioids available in the market are hydrocodone, morphine, oxycodone, codeine and others. Hydrocodones are prescribed for dental and injury related pain management. Morphine is commonly used before and after surgical procedures to lighten the pain. Opioids such as codeine and diphenoxylate are used to treat cough and severe diarrhea. Opioids are available in the market as OTC (over-the-counter) drugs or in prescribed form. Opioids market is adversely affected by strict regulations of use of these drugs in some countries.
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North America dominates the global market for opioids due to large number of aging population and huge population base suffering with chronic pain in the region. Asia followed by the Europe is expected to experience high growth rate in the next few years in global opioids market. China and India are expected to be the fastest growing opioids markets in Asia region. Some of the key driving forces for opioids market in emerging countries are large pool of patients and less awareness about its side effects.
Rising medical needs is one of the key factors driving the global opioids market. In addition, easy availability and effective results obtained in pain relief treatment is driving the opioids market. It is estimated that effective opioids treatment can be used to treat more than 100 million people living in the U.S. with chronic pain. However, strict regulations in some areas, growing misuse and epidemic of abuse are restraining the global opioids market. In addition, growing awareness about the side effects associated with the use of opioids is restraining the growth of global opioids market.
Introduction of novel opioids with less side effects and abuse-resistant properties are expected to offer good opportunities for opioids market. Some of the major trends that have been observed in opioids market include the involvement of companies in R&D of new opioids with better efficacy. Also, new companies are emerging in the market for production of generic drugs.
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Some of the major companies dealing in global opioids market are Pfizer Inc., Purdue Pharma L.P., Roxane Laboratories, Inc., Janssen Pharmaceuticals, Inc. and Mallinckrodt. Other companies with significant presence in the opioids market include Actavis, Mallinckrodt and Endo Pharmaceuticals Inc.
Key points covered in the report:
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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