Medical Morphine Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The rising prevalence of chronic diseases along with the surging geriatric population increases the demand for better pain relief medication resulting in the higher demand for morphine. Furthermore, the rising number of surgical procedures significantly contributes to the increasing demand for morphine. According to ISAPS, in 2020, 10,129,528 surgical procedures were performed. These rising surgeries also increase the demand for anesthetic drugs which positively affects the market for medical morphine.

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According to UnivDatos Market Insights (UMI)’ research report “Global Medical Morphine Market Analysis, 2021”, the medical morphine market is projected to grow at a CAGR of ~8% during 2021-27F. This can be attributed to the increase in the prescription of painkillers for different illnesses such as arthritis, cardiovascular disorders, and cancer is expected to accelerate the market growth in the forecast period.

Based on the route of administration, the market is segmented into oral, injectables, and others. The injectable segment is expected to witness significant growth due to its rapid relief of pain and long-term effect. Furthermore, the rising incidences of neurological disorders and long-term pain associated with them rises the demand for instant pain relief drugs resulting in an increasing demand for the injectable segment in the market. For example, as per Medline, about 12% of Americans get migraines.

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Based on the application, the market is categorized into arthritis, cancer, neurological disorders, and others. The cancer category is anticipated to witness significant growth during the forecast period. This is mainly due to the rising incidences of cancer that result in the occurrence of chronic pain. For instance, as per the WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020.

Based on the distribution channel, the market is categorized into retail pharmacies, hospital pharmacies, and online pharmacies. The online pharmacy segment grabbed major market share in the antiepileptic drug market in 2020. This is mainly due to the adoption of the rapidly IoTs in the healthcare sector and increasing internet penetration enables the significant segmental growth of the segment during the forecast period. Around 66% of the world’s population is using the internet which accounted for 5.25 billion which is expected to grow in the future.

North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global medical morphine market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the well-established market players and frequent product launches. North America is expected to skyrocket with a strong CAGR during the forecast period, as stated in UnivDatos Market Insights (UMI)’ research report “Global Medical Morphine Market Analysis, 2021”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the medical morphine market include Alcaliber S.A, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Taj Pharmaceuticals Limited, MANUS AKTTEVA BIOPHARMA LLP, Mallinckrodt Pharmaceuticals, Purdue Pharma L.P., Johnson Matthey Fine Chemicals, Verve Health Care Ltd., and Northeast Pharmaceutical Group Co. Ltd., among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Medical Morphine Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for medical morphine providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Route of Administration (Oral, Injectables, and Others)

2.      By Application (Arthritis, Cancer, Neurological Disorders, and Others)

3.      By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Online Pharmacies)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Alcaliber S.A, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Taj Pharmaceuticals Limited, MANUS AKTTEVA BIOPHARMA LLP, Mallinckrodt Pharmaceuticals, Purdue Pharma L.P., Johnson Matthey Fine Chemicals, Verve Health Care Ltd., and Northeast Pharmaceutical Group Co. Ltd.)

Key questions answered in the study:

1.      What are the current and future trends in the medical morphine industry?

2.      How the industry has been evolving in terms of route of administration, applications, and distributional channel?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the medical morphine industry?

5.      What is the customer orientation, purchase behavior, and expectations from the medical morphine firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL MEDICAL MORPHINE MARKET COVID-19 IMPACT

6 GLOBAL MEDICAL MORPHINE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY ROUTE OF ADMINISTRATION

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

10 MARKET INSIGHTS BY REGION

11 MEDICAL MORPHINE MARKET DYNAMICS

12 MEDICAL MORPHINE MARKET OPPORTUNITIES

13 MEDICAL MORPHINE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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