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

Morphine, Buprenorphine, and Other Drugs MarketSize and Trends

The global morphine, buprenorphine, and other drugs market is estimated to be valued at US$ 7,728.9 million in 2021 and is expected to exhibit a CAGR of 5.2% during the forecast period (2021-2028).

Figure 1. Morphine, Buprenorphine, and Other Drugs Market Share (%), By Drug, 2021

Figure 2. Global Morphine, Buprenorphine, and Other Drugs Market Value (US$ Mn), By Distribution Channel, 2021

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.

Increase in the use of buprenorphine to treat opioid use disorder (OUD) and opioid addiction treatment are expected to drive the market growth during the forecast period.

Buprenorphine is been recently used for treating opioid use disorder and opioid addiction treatment. International healthcare organizations are granting marketing approvals for such drugs. For instance, in 2019, European Medicines Agency’s (EMA’s) human medicine committee has recommended marketing authorization grant in European Union for a new product Sixmo which contains buprenorphine and is used to treat opioid dependence. Sixmo is basically an implant which releases buprenorphine in low and precisely required amounts for six months. Hence development of new products and their authorization is expected to boost the morphine, buprenorphine, and other drugs market.