2024-2033 Oxycodone Drugs Market: Key Insights on Growth Opportunities
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What is the Expected Growth Rate of the Oxycodone Drugs Market from 2024 to 2033?
The oxycodone drugs market has shown strong growth, expected to increase from $5.25 billion in 2023 to $5.62 billion in 2024, with a CAGR of 7.0%. Contributing factors include aggressive marketing, increased prescriptions for chronic pain, and the introduction of synthetic opiates post-World War II.
The oxycodone drugs market is expected to see strong growth, reaching $7.41 billion in 2028 at a CAGR of 7.2%. Growth factors include the rising prevalence of chronic pain, an increase in surgical procedures, ongoing product development, advancements in drug delivery systems, and a growing aging population. Major trends include demand for abuse-deterrent formulations, development of novel delivery systems, combination therapies, and technological advancements in manufacturing.
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What Key Factors Are Fueling the Growth of the Oxycodone Drugs Market?
The high burden of orthopedic disorders is expected to fuel the oxycodone drug market. Orthopedic disorders encompass various musculoskeletal conditions that lead to pain and functional limitations. The increasing incidence of these disorders is due to an aging population, sedentary lifestyles, obesity, and sports injuries. Oxycodone is used to manage acute and chronic pain from conditions such as fractures and post-surgical discomfort, effectively targeting the central nervous system’s pain receptors. For example, in October 2023, the IHME projected a 115% increase in musculoskeletal disorder cases from 2020 to 2050, reaching about 1,060 million prevalent cases. Therefore, the burden of orthopedic disorders is driving the growth of the oxycodone drug market.
What Are the Major Segments of the Oxycodone Drugs Market?
1) By Drug Type: Short Acting Oxycodone, Long Acting Oxycodone
2) By Dosage Form: Tablets, Capsules, Injections
3) By Indication: Neuropathic Pain, Musculoskeletal Pain, Cancer Pain, Post Operative Pain, Other Indications
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
What New Trends Are Transforming the Oxycodone Drugs Market?
Major companies in the oxycodone drug market are focusing on creating innovative formulations like oxycodone immediate-release tablets to reduce misuse. For instance, in July 2022, Protega Pharmaceuticals launched RoxyBond (oxycodone) IR tablets, designed to deter abuse and misuse, demonstrating lower potential for abuse than traditional formulations.
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Which Regions Are Driving Growth in the Oxycodone Drugs Market?
North America was the largest region in the oxycodone drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxycodone drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Oxycodone Drugs 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 oxycodone drugs market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Oxycodone Drugs Market Include
1. Oxycodone Drugs Market Executive Summary
2. Oxycodone Drugs Market Segments
3. Oxycodone Drugs Market Size And Template Market Growth Rate
4. Key Oxycodone Drugs Market Trends
5. Major Oxycodone Drugs Market Drivers
……
25. Key Mergers And Acquisitions In The Oxycodone Drugs Market
26. Top Oxycodone Drugs Companies
27. Oxycodone Drugs Market Opportunities And Strategies
28. Oxycodone Drugs Market, Conclusions And Recommendations
29. Appendix
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