Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

The Opioids Market is expected to grow at a good rate In Upcoming Years. Digitization has brought with it the concept of “smart industry”. As such, even data collection and analysis happen through digital transformation. With 3D scanners in place, the potential to identify safety hazards is bound to increase manifold. Also, mobile Bluetooth capabilities could be used effectively for speeding up the operations by monitoring the attendance then. These practices are bound to create wonders for the industry in all.

Opioids are a type of narcotic pain medication that is used to treat moderate to severe pains, such as traumatic pain, cough suppression, diarrhoea suppression, surgical pain, injuries, cancer pain, and pain arising due to chronic diseases. However, opioids have both, benefits as well as potentially severe risks of addiction. Opioids prescribed as pain relievers are usually safer if consumed for a short period of time. Long-term use can lead to dependency and addiction, overdose incidents, and even morbidity. Although opioids persist numerous adverse effects, opioid therapy is the mainstay for pain management for numerous patients.

According to the revised report published by Persistence Market Research, the global opioids market valued at US$ 40.5 Bn in 2020, and is predicted to expand at a CAGR of 3% over the forecast period (2021–2031).

Get Sample Copy of Report @

Companies covered in Opioids Market Report

  • Pfizer, Inc.
  • Boehringer Ingelheim International GmbH
  • Janssen Pharmaceuticals, Inc.
  • Sanofi SAIS
  • Sun Pharmaceutical Industries Ltd.
  • Actavis Plc. [Teva Pharmaceutical Industries Ltd.]
  • Mallinckrodt Pharmaceuticals
  • Endo Pharmaceuticals Inc. [Endo International plc]
  • Purdue Pharma L.P.
  • Assertio Therapeutics, Inc. [Assertio Holdings, Inc.]

Get A Customized Scope To Match Your Need Ask An Expert –

Get To Know Methodology of Report @

Key Takeaways from Opioids Market Study           

  • Morphine opioids are expected to contribute more than 30% of the revenue share in the market by 2031, owing to their wide availability and potency to relieve moderate to severe pain usually after a surgery or traumatic injury.
  • Analgesia is expected to account for more than half of the global market share. Consumption of opioids in analgesic applications, such as cancer pain, trauma injuries, and others, is expected to rise over the coming years.
  • Among all the distribution channels, hospital pharmacies accounted for more than 30% of the market share in 2020. Most prescribed opioids are hospital-acquired, and hence, hospitals are major treatment providers.
  • North America holds the highest share in the global opioids market, owing to the presence of big market players, high healthcare expenditure, and growing research & development efforts in the country.
  • Key players are focused on strengthening their clinical pipelines with new discoveries of novel abuse-deterrent formulations.
  • The market in the U.S. is projected to be the fastest-growing at a CAGR around 3% through 2021-2031. The U.S. holds a big portion of global revenue and accounts for more than 90% share in the North American market.

“Strong growth in demand for morphine owing to its potency, efficacy, and safety makes it the most lucrative segment in the market,” says an analyst of Persistence Market Research.

Access Full Report @

Government Initiatives toward Opioid Consumption

Governmental support for ongoing clinical research, consumption of opioids, and restricting misuse have favoured growth in demand for opioids. For instance, in August 2020, the U.S. Food and Drug Administration approved Trevena Inc.’s new chemical entity, “Olinvyk”, an intravenous opioid agonist used for the management of moderate to severe acute pain in adults.

Heavy misuse of opioids has led regulatory authorities to lay out newer prescription regulations for pain management. This is expected to facilitate proper utilization of opioids and also enable active restrictions on their misuse. For instance, Therapeutic Goods Administration (TGA) has implemented reforms to reduce the misuse of opioids.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the opioids market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031. The research study is based on product (morphine, codeine, fentanyl, meperidine, and methadone), application (analgesia, cough suppression, and diarrhoea suppression), and distribution channel (hospital pharmacies, retail pharmacies, drug stores, clinics, and others), across seven key regions of the world.

About us: Persistence Market Research

Contact us:

Persistence Market Research          
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales –


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts