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What is the Expected Growth Rate of the Opioids Market from 2024 to 2033?

The opioids market size has steadily increased, projected to rise from $22.77 billion in 2023 to $23.54 billion in 2024, reflecting a compound annual growth rate (CAGR) of 3.4%. This growth is driven by the demand for pain management, surgical procedures, palliative care, and the regulatory environment.

The opioids market is projected to experience steady growth, reaching $26.51 billion by 2028 with a compound annual growth rate (CAGR) of 3.0%. This growth is driven by factors such as non-cancer pain indications, regulatory changes, telemedicine, chronic pain management, and remote prescribing. Key trends include opioid-sparing strategies, medication-assisted treatment (MAT), risk mitigation, and public health initiatives.

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The rise in surgical procedures is projected to fuel growth in the opioids market. Opioids are commonly used to manage pain during surgeries, as well as anesthetic agents. The OECD reported an 8.4% increase in cataract surgeries in the Czech Republic from 131,612 in 2021 to 142,670 in 2022, and a 35.2% increase in laparoscopic hernia repairs in Turkey from 18,739 to 25,348. Thus, the rise in surgeries is driving the opioids market.

1) By Product Type: Methadone, Codeine, Fentanyl, Oxycodone, Morphine, Hydrocodone, Other Product Types

2) By Receptor Binding: Strong Agonist, Mild To Moderate Agonist

3) By Basis Of Indication: Inflammatory Condition, Musculoskeletal Pain, Neuropathic Pain, Cancer Pain

4) By Distribution Channel: Hospital, Retail Pharmacies, Online Pharmacies

5) By Application: Pain Management, Cough Treatment, Diarrhea Treatment

Major companies in the opioid market are focused on advancing drug solutions to strengthen their position. In May 2023, Braeburn Pharmaceuticals Inc. received approval from the US Food and Drug Administration for Brixadi (buprenorphine) extended-release injectable for subcutaneous use, aimed at treating opioid use disorder (OUD). This is the first injectable offering both weekly and monthly options for treating severe OUD and utilizes FluidCrystal Injection Depot Technology. Patients using oral buprenorphine can transition to the injectable form with equivalent dosages based on prescribed guidance.

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North America was the largest region in the cervical total disc replacement device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cervical total disc replacement device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Opioids Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the opioids market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Opioids Market Include

1. Opioids Market Executive Summary

2. Opioids Market Segments

3. Opioids Market Size And Template Market Growth Rate

4. Key Opioids Market Trends

5. Major Opioids Market Drivers

……

25. Key Mergers And Acquisitions In The Opioids Market

26. Top Opioids Companies

27. Opioids Market Opportunities And Strategies

28. Opioids Market, Conclusions And Recommendations

29. Appendix

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