The Opioids Market To Move Away From Stagnation, Reach US$ 42,158.8 Million

Posted by Ashish on April 13th, 2021

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).

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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.]