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opioids market

Opioids Market

USED TO TREAT MODERATE TO SEVERE PAIN

description
Description
  • An opioid is a form of narcotic pain medication that is utilized to treat moderate to severe pain. The opioids are used as diarrhea suppressant, anesthetic, cough suppressant, and to decrease surgical pain, pain arising from disease, cancer pain and injury or trauma. These substances are majorly utilized in cancer pain management as well as end-stage diseases in which palliative care is needed. However, these opioids can be addictive owing to their analgesic nature.
  • Factors such as intense focus of generic manufacturers towards Abuse-Deterrent Formulation (ADF), rising palliative care facilities, and reformed regulations for opioids prescription are anticipated to fuel the opioids market growth in North America and Europe. Intense focus on palliative care and increasing healthcare expenditure are major factors that propel the opioids market growth. Also, rise in the incidence of orthopedic disorders & chronic pain are expected to fuel the market growth. Also, increase in disposable income and upsurge in the global aged population are expected to drive the global opioids market growth. However, the emergence and cannabis legalization as an opioids alternative are expected to hamper the market growth.
regions
regions
  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America
key players
KEY PLAYERS
  • Allergan Inc.
  • Endo Pharmaceuticals Inc.
  • Sanofi Inc.
  • Janssen Pharmaceuticals, Inc.
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