About Morphine
Morphine is a powerful opiate drug derived from the opium poppy plant. It belongs to a class of drugs called opioid analgesics. It's primarily used as a pain reliever for moderate to severe pain, especially when other pain medications are ineffective or not tolerated. It works by binding to opioid receptors in the central nervous system (CNS) and peripheral nervous system (PNS), reducing the perception of pain. The morphine market's growth is driven by the increasing prevalence of chronic pain, its role in palliative care, and its established efficacy and affordability.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Morphine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mallinckrodt (United Kingdom), Alcaliber S.A. (Spain), Purdue Pharma L.P. (United States), Sanofi (France), Bora Pharmaceuticals (Taiwan), Sun Pharmaceutical Industries Ltd. (India), Fresenius Kabi AG (Germany), Qinghai Lake Pharmaceutical Co.,Ltd. (China), Northeast Pharmaceutical Group Co., Ltd. (China) and Pfizer Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Johnson Matthey (United Kingdom), MANUS AKTTEVA BIOPHARMA LLP (India), Mayne Pharma Group Limited (Australia), DAIICHI SANKYO COMPANY, LIMITED. (Japan), Taj Pharmaceuticals Limited (India), Macfarlan Smith Ltd. (United Kingdom) and Verve Health Care Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Morphine market by , Application (Arthritis, Diarrhea, Pain Relief, Cancer and Others) and Region.
On the basis of geography, the market of Morphine 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). If we see Market by Forms, the sub-segment i.e. Solid will boost the Morphine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Morphine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Morphine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals & Clinics will boost the Morphine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Morphine as Painkiller
Market Growth Drivers:
Increasing Prevalence of Pain-Related Conditions and Growing Geriatric Population
Challenges:
Strict Regulations and Rising Scrutiny and Manufacturing Limitation
Restraints:
Side Effects Associated with the Morphine
Opportunities:
Advancements in Drug Delivery Systems, Increase in Healthcare Expenditure and Emerging Markets
Market Leaders and their expansionary development strategies
In January 2024, Bora Pharmaceuticals acquired Upsher-Smith Laboratories. This acquisition marked Bora's first entry into the US market, signifying a significant expansion for the company. It provided Bora with additional manufacturing capacity and a portfolio of 48 generic products, such as morphine, potassium chloride, and testosterone, among many others.
In February 2020, Fresenius Kabi is pleased to announce the launch of Morphine Sulfate injection in a vial format. Fresenius Kabi Morphine is available in two presentations 2 mg/mL and 10 mg/mL per vial. The successful launch of this injection will help Fresenius Kabi to maintain its position as a leader in this competitive market.
Key Target Audience
Morphine Manufacturer, Government Bodies, Suppliers & Distributors, Potential Investors, Research Center and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.