According to a market report by Lucintel, the future of the global opioid analgesic market looks promising with opportunities in the hospital, retail pharmacy, drug store, and online pharmacy markets. The global opioid analgesic market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing need for pain treatment following surgery, improvements in medication formulations to reduce the negative effects of analgesics, as well as, increasing rates of orthopedic diseases and persistent pain in the elderly.
In this market, oral, parenteral, and transdermal are the major segments of opioid analgesic market by route of administration.
Lucintel forecasts that oral is expected to witness the highest growth over the forecast period because it is the most practical and economical method of administering opioid analgesics.
Within this market, hospital pharmacies will remain the largest segment due to prescription treatment adoption in clinics and hospitals supports physician-supervised drug distribution.
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North America is expected to witness highest growth over the forecast period.
Pfizer, Abbott Laboratories, Janssen Pharmaceuticals, Novartis, Bayer, Glaxosmithkline, F. Hoffmann-La Roche, Boehringer Ingelheim, Bausch, and Sanofi are the major suppliers in the opioid analgesic market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Lucintel
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