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How Rapidly is the Opioids Market Expected to Expand Between 2025 and 2034 Based on Current Trends?

In recent times, the size of the opioids market has seen a consistent increase. It’s projected to expand from $23.54 billion in 2024 to $24.22 billion in come 2025, marking a compound annual growth rate (CAGR) of 2.9%. This upward trend during the historic period is largely owed to factors like pain management, surgical procedures, palliative care, and the regulatory landscape.

In the coming years, the market of opioids is projected to experience consistent expansion. The market value is anticipated to reach $27.62 billion in 2029, with a compound annual growth rate (CAGR) of 3.3%. Factors contributing to the predicted growth during this forecast period include non-cancer pain indications, regulatory alterations, the rise of telemedicine and remote prescribing, and chronic pain management. Key trends to observe during this forecast period are strategies to spare opioid usage, medication-assisted treatment (mat), risk reduction measures, and public health initiatives.

What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Opioids Market?

The growth in the number of surgical procedures is projected to fuel the expansion of the opioids market. Surgical procedures involve medical treatment that requires incisions with instruments, usually performed in an operating theatre and often requiring anaesthetics or ventilator support. Opioids are utilised during these procedures for pain management and as supplementary or primary anaesthetic substances. For example, the Organization for Economic Co-operation and Development reported an 8.4% increase in cataract surgeries in the Czech Republic in August 2023. The number grew from 131,612 procedures in 2021 to 142,670 procedures in 2022. Similarly, Turkey saw a 35.2% increase in laparoscopic inguinal hernia surgeries, from 18,739 in 2021 to 25,348 in 2022. These increasing surgical procedures, therefore, contribute to the growth of the opioid market. The rise in chronic diseases is also expected to be a growth driver in the opioids market. Chronic diseases or non-communicable diseases (NCDs) are slow-progressing, long-term medical conditions that typically persist for an extended period. Because chronic diseases often last for years or potentially a lifetime, there is an increased demand for opioids for managing chronic pain. For instance, the World Health Organization reported in September 2022 that chronic diseases caused 41 million deaths annually, which is 74% of deaths worldwide. Among these, 17.9 million were due to cardiovascular diseases, 9.3 million to cancer, 4.1 million to chronic respiratory diseases and 2.0 million to diabetes. As such, the growing prevalence of chronic diseases is propelling the growth of the opioid market.

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Which Key Players Are Shaping the Future of the Opioids Market?

Major companies operating in the opioids market are Pfizer Inc., Johnson & Johnson Inc., AbbVie Inc., Sanofi S.A, AstraZeneca PLC, Viatris Inc., Teva Pharmaceutical Industries Limited, Sandoz Inc., Sun Pharmaceutical Industries Limited, Aurobindo Pharma Limited, Purdue Pharma L.P., Dr. Reddy’s Laboratories Ltd., Hikma Pharmaceuticals PLC, Endo Pharmaceuticals Inc., Amneal Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals PLC, Alkermes PLC, Lannett Co Inc., Par Pharmaceutical Inc., Mayne Pharma Group Ltd., Cephalon LLC, Insys Therapeutics Inc., Janssen Pharmaceuticals Inc., Rhodes Pharmaceuticals L.P, KVK Tech Inc.

How Are the Latest Trends Influencing the Growth of the Opioids Market?

Leading firms in the opioid market are prioritizing the innovation of sophisticated drug solutions to strengthen their market presence. The development of novel drugs can potentially enable the treatment of illnesses, and contribute towards the enhancement of healthcare and scientific comprehension. In May 2023, Braeburn Pharmaceuticals Inc., an American company providing solutions for opioid addiction treatment, announced that the US Food and Drug Administration approved Brixadi (buprenorphine) extended-release injectable for subcutaneous use (under the skin) to treat moderate to severe opioid use disorder (OUD). It stands as the first and only weekly and monthly subcutaneous injection for moderate to severe OUD, and the first injectable buprenorphine medication utilizing FluidCrystal Injection Depot Technology. If the prescriptive guidance is properly adhered to, patients taking oral buprenorphine-based medicines can transition to equivalent dosages.

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Which Segments of the Opioids Market Hold the Most Potential for Future Development?

The opioids market covered in this report is segmented –

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

Subsegments:

1) By Methadone: Methadone Tablets, Methadone Oral Solution

2) By Codeine: Codeine Phosphate Tablets, Codeine Liquid Formulations

3) By Fentanyl: Fentanyl Patch, Fentanyl Injection, Fentanyl Sublingual Tablets

4) By Oxycodone: Oxycodone Tablets, Oxycodone Extended-Release Formulations

5) By Morphine: Morphine Sulfate Tablets, Morphine Injection, Morphine Extended-Release Capsules

6) By Hydrocodone: Hydrocodone/Acetaminophen Tablets, Hydrocodone Liquid Formulations

7) By Other Product Types: Buprenorphine, Tramadol, Other Combination Products

What Regions Are At the Forefront of Opioids Market Expansion?

North America was the largest region in the opioids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in opioids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Opioids Market Classified and Defined in Market Analysis?

Opioids refer to a group of powerful medications extracted or manufactured from the opium poppy plant that works on the neurological system to alleviate the effects of pain. They are extremely useful in the treatment of moderate to severe pain, such as post-surgery pain, cancer-related pain, or chronic pain disorders, as well as coughing and diarrhea.

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