Opioids Agonist Drugs Market Scope
Over the past few years, there has been a significant rise in a number of people additives towards opioid agonist drugs overdoses in the United States every day with figure stood up to 115 death toll. It has also witnessed that 21 to 29 percent of patients who are prescribed opioids for chronic pain misuse them, with 8 to 12 percent developing an opioid use disorder. The major companies are organized awareness programs in Asia-Pacific and Middle East region to prescribe painkillers to help patients overcome opiophobia. The opioids drugs is a type of narcotic pain medication that applicable for treatment of severe pain. It is used as an anesthesia, cough suppressant, diarrhea suppressant and to reduce surgical pain. As the numbers of critically ill patients are increasing, demand for orthopedic diseases is also on the rise, leading to a growing demand for opioids drugs.
Research Analyst at AMA estimates that European and United States Players will contribute to the maximum growth of Global Opioids Agonist Drugs market throughout the predicted period.
Purdue Pharma L.P (United States), Allergan PLC (Ireland), Sanofi S.A (France), Pfizer, Inc. (United States), Janssen Pharmaceuticals, Inc. (Belgium), Endo Pharmaceuticals, Inc (United States), Actavis Plc (United States), Egalet Corporation (United States), Sun Pharmaceuticals (India), Boehringer Ingelheim GmbH (Germany). and Titan Pharmaceuticals, Inc. (TTNP) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Mallinckrodt Pharmaceuticals (United Kingdom) and Allergan, Plc (Ireland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Opioids Agonist Drugs market by Type (Morphine, Codeine, Fentanyl and Meperidine), by Application (Pain Management, Cough Supression and Diarrhea Suppresion) and Region with country level break-up.
On the basis of geography, the market of Opioids Agonist Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2019, U.S. Food and Drug Administration launched a public education campaign which is beneficial in providing safe removal of unused opioid pain medicines from homes. It also introduced a “Remove and Risk” Campaign that telecast in television, radio and print public announcements that can be used by different organizations, individuals and healthcare providers.
In January 2019, Medicare has introduced new opioid prescribing guidelines which will affect Medicare Part D beneficiaries. Part D plans are projected to limit early opioid dispensing to a 7-day supply or less. This guideline will impact Medicare patients who have not filled an opioid prescription lately. The suppliers then have to predefine the supply timeline or the consumers have to predetermine the lead. Thus, the new guidelines are expected to limit the abuse rate in the United States.
“According to Department of Health and Human Services, Its launched some strategy to combat against opioids addiction, the strategy consist of prevention, treatment and recovery services, data on the epidemic, pain management, targeting of overdose-reversing drugs and research on pain and addiction.”
Market Trend
- Increasing Use of Methadone, Buprenorphine, and Extended-Release Naltrexone
- Growing Adoption of Opioids Drugs in Surgical Treatments and Pain Management
Market Drivers
- Upsurging Geriatric Population leading to Increased Prevalence of Cancer, Postsurgical Pain, Lower Back Pain, and Many Others
- Increasing Surgical Procedures and Technological Advancements
Opportunities
- Rising Demands of Opioids Drugs in Cough Suppressant and Diarrhea Suppressant.
- Growing Palliative Care Facilities Boost the Opioids Drugs Market
Restraints
- Stringent Government Regulations on Manufacturing Opioids Agonist Drugs
- Continues Products Development and R&D has Introduced Number of Cheaper Substitutes
Challenges
- Legalization of Cannabis as Alternatives of Cannabis may challenge the Market of Opioids Drugs
Key Target Audience
Opioids Agonist Drugs Manufacturers, Opioids Agonist Drugs Distributors and Suppliers, Opioids Agonist Drugs International Traders, Pharmaceutical Industry Associations, Research and Development Institutes, Government Agencies and Others