Morphine, Buprenorphine, and Other Drugs Market, by Drug (Morphine, Buprenorphine, Noscapine, Thebaine, and Etrophine), by Application (Pain Management, Opioid Addiction Treatment, and Others), by Route Of Administration (Injectable, Oral, and Transdermal), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Sep 2021

Code : CMI4637

Pages :358

Formats :

Excel and PDF

Industry : Pharmaceutical

Market Challenges And Opportunities

Increasing prevalence of cancer is expected to drive the market growth during the forecast period.

The major driving force behind the growth of this market is the increasing prevalence of cancer. For instance, according to National Cancer Institute (NHI), the rate of new cases of cancer in the U.S. was 442.4 per 100,000 men and women per year (based on 2013–2017 cases). In addition, in 2020, it was estimated to be 1,806,590 new cases of cancer incidence diagnosis in the U.S. and 606,520 people would die from the disease. Several opioid drugs such as opioids are recommended for the management of moderate to severe pain in cancer patients. The American Cancer Society states that opioids play a critical role in relieving pain due to this disease and curing cancer patients. Hence, with the increasing prevalence of cancer globally, the demand for prescription opioid drugs is also expected to rise during the forecast period.

Increasing prevalence of cancer
Increasing drug approvals and launches in opioid addiction treatment

Market Challenges And Opportunities

Overdose of opioids which may lead to death
Rising number of lawsuits that affect approval of drugs

Morphine, Buprenorphine, and Other Drugs Market: Restraint

The increasing number of the lawsuits for opioids may hamper the market growth. The rising number of lawsuits in opposition of manufacturers of opioids and the growing incidence of deaths related to overdose of opioids are major factors that obstruct the opioids drug market growth. The lawsuits that are filed against the opioid producing companies claim that the drug manufacturers hid data of after-effects of the addiction of opioid drugs. In addition, the number of deaths due to overdose of drugs is rising greatly, and opioids contribute remarkably to such issues. The growing inclination of opioid abuse and opioid addiction are the crucial factors contributing to the high death rate related to overdose of opioid.