Medical Morphine Market Dynamics
The medical morphine market 2020 is poised to register a CAGR of 7.5% over the prognosis period (2018–2023).
Medical Morphine Market Highlights
The global medical morphine market is guided mainly by increasing painkillers prescription for different diseases such as diabetes, cardiovascular conditions and cancer, growing aging demographics contributing to-patient demographics, and increasing industry players’ penetration. In fact, the growing usage of painkillers in postoperative surgery to alleviate pain is expected to fuel the expansion of the opioid industry globally. Yet opioid misuse contributing to substance dependence is likely to hamper business expansion. The restricted regulatory situation is often projected to pose a competition obstacle.
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Medical Morphine Market Segmental Analysis
The global medical morphine market has been segmented by application, route of administration, end-user, distribution channel, and region. Moreover, the market by route of administration is bifurcated into oral and injectables. On the basis of the application, the market is segmented into cancer, arthritis, myocardial infarction, diarrhea, kidney stones, and others. In terms of distribution channel, the market is divided into hospital pharmacy, online pharmacy, retail pharmacy, and others. Based on the end-user, the global market is segmented into home care, hospitals and clinics, and ambulatory surgical centers.
Medical Morphine Market Regional Summary
Based on region the market is analyzed into Americas, Europe, Asia Pacific, and the Middle East and Africa.
Americas held the biggest share of the market for medical morphine in 2017. The rising incidence of arthritis and other inflammatory disorders and the raising older population are expected to fuel the development of the American region’s medicinal morphine industry. In addition, variables like prescription painkillers, growing policy programs, and support for research and development of innovative medicinal care solutions are expected to fuel the growth of the American region’s medicinal morphine sector. The pace of increase in cardiovascular diseases and arthritis is projected to have a significant impact on prescription morphine, because it can alleviate joint pain and postoperative ache.
Europe is the second largest market and is touted to hold a reasonable share of overall prescription opioid demand over the 2018–2023 forecast period. The European economy is projected to expand at a steady pace over the forecast period owing to the profitable development of the healthcare sector combined with the rising prevalence of arthritis. Moreover, the development of the prescription morphine industry is also driven by increasing inflammatory disorders, coupled with the rising elderly population, which contribute to the expansion of the patient population.
Asia Pacific is expected to be the fastest-growing market during the 2018–2023 forecast period. The major drivers for market growth are factors such as the growth of chronic illness such as cardiovascular disorders. China is projected to be the fastest developing nation due to demographic rise, patient population gradually increasing, and the emergence of modern care methods. In addition , increasing health-care expenditure in the area is driving development in the Asia Pacific region’s medical morphine industry.
Owing to some major factors such as lack of awareness and limited access and availability of treatment facilities, the Middle East and Africa are expected to show the slightest market growth. The United Arab Emirates is the significant market in the Middle East thanks to the development of the healthcare sector and the increasing availability of specialty care centers.
Medical Morphine Market Competitive Dashoard
Leading players in the medical morphine market include MANUS AKTTEVA BIOPHARMA LLP, NORTHEAST PHARM, Taj Pharmaceuticals Limited, Verve Health Care Ltd., Sun Pharmaceutical Industries Ltd., Purdue Pharma L.P., Johnson Matthey Fine Chemicals, Pfizer Inc., Alcaliber S.A, and Mallinckrodt Pharmaceuticals.
Table Of Content
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
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