Global Opioid Use Disorder Market Booming Demand Leading To Exponential CAGR Growth By 2028 | Indivior PLC; Teva Pharmaceutical Industries Ltd.; Omeros Corporation; Camurus
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The vital objectives of this Global Opioid Use Disorder Market report can be listed as; 1. Identify the reasons for failure of a product already in the market. 2. Discover the better methods of distributing the products to consumers. 3. Know the types of consumers and their buying motives. 4. Recognize opinions and get suggestion for improvement of a product by consumers. 5. Measure the strength and weakness of the competitors. 6. Know the dimensions of the marketing problems. 7. Estimate the market share of a firm. 8. Calculate the probable sales volume of a firm. Hence, report is suitably organized with a huge market data to help businesses achieve success.
Global opioid use disorder market is expected to rise to an estimated value of USD 4.22 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the various initiatives undertaken by authorities of different regions to combat the opioid abuse prevalent in the global population.
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Key Market Competitors:
Few of the major competitors currently working in the global opioid use disorder market are Indivior PLC; Teva Pharmaceutical Industries Ltd.; Omeros Corporation; Camurus; Hikma Pharmaceuticals PLC; Titan Pharmaceuticals, Inc.; BioDelivery Sciences International, Inc.; Alkermes; Novartis AG; Pear Therapeutics, Inc.; Amygdala Neurosciences, Inc.; Orexo AB (publ.); Braeburn Inc.; iX Biopharma Ltd.; Relmada Therapeutics, Inc. and Mundipharma International among others.
Global Opioid Use Disorder Market By Drug (Buprenorphine, Methadone, Naltrexone), Application (Moderate Pain Treatment, Severe Pain Treatment), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global opioid use disorder market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of opioid use disorder market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Opioid Use Disorder Market
Opioid use disorder is a condition in which patients are addicted/dependent on consumption of opioids. This disorder is generally segregated into two categories: patients reliant on medicinal opioid drugs and opioid available as non-medicinal. This disorder is generally associated with a number of factors that are environmental and genetic resulting in it arising in patients.
- Increasing intensity of opioid epidemic in the North America region is expected to fuel the growth of the market
- Strong pipeline of pharmaceuticals and expected commercialization of these products is expected to boost the growth of the market
- Complications associated with the reimbursement scenarios for addiction therapies; this factor is expected to restrict the growth of the market
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Key Developments in the Market:
- In February 2019, Titan Pharmaceuticals, Inc. announced that they had entered into an agreement with AllianceRx Walgreens Prime for the expansion of accessibility of patients for Titan’s opioid use disorder implant branded as “Probuphine implant”. This agreement comes after the company identified the areas through which the majority of sales for these products are set to be generated, i.e. pharmacy distribution. This will enhance the ability of patients to avail highly effective treatment solutions for opioid use disorder
- In January 2019, Novartis AG’s business division Sandoz Inc. along with Pear Therapeutics, Inc. announced that they had launched “reSET-O” commercially for patients suffering from opioid use. The product is available immediately after the company had received clearance from the US FDA in December. “reSET-O” is digital prescription based 12-week behavioral therapeutic system for outpatient treatment. This availability will help in serving the wide-spread unmet need of effective opioid use disorder treatment systems
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- Current and future of global opioid use disorder market outlook in the developed and emerging markets
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- The latest developments, market shares, and strategies that are employed by the major market players
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