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Premium Report Details
Base Year: 2024
Companies covered: 13
Tables & Figures: 274
Countries covered: 19
Pages: 130
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Opioid Market
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Opioid Market Size
The global opioid market size was valued at USD 25 billion in 2024. The market is expected to grow from USD 25.2 billion in 2025 to USD 29.6 billion by end of 2034, at a CAGR of 1.8% from 2025 to 2034. The considerable growth in the market is primarily driven due to the rising incidence of chronic pain conditions such as cancer pain, fibromyalgia, arthritis, post-surgical pain, and other conditions spurring the need for pain relief medications including opioids.
As projected by the International Agency for Research on Cancer (IARC) global cancer cases are expected to rise by 77%, surpassing 35 million cases by 2050 from 20 million cancer cases in 2022. This rise in cancer incidence is expected to prompt the need for effective pain management drugs, thereby fueling the growth of the market.
Moreover, growing focus on formulation advancement such as extended-release formulations and abuse-deterrent formulations (ADF) by manufacturers improve the treatment efficacy and safety by reducing the misuse and risks. This development enables further widening of access and compliance. Also, expanded access through telehealth services has steered awareness for early diagnosis and treatment enabling timely interventions. This shift enhances the patient’s engagement, improving ease of access to pain management solutions. This will drive the demand for opioid products and other pain management therapeutics in the market.
Opioids are the class of drugs that act on nervous system treating pain relief by binding to the opioid receptors in brain, spinal cord and other areas of the body They include natural, semisynthetic and synthetic compounds such as morphine, fentanyl, oxycodone, hydrocodone, and other drug types.
Opioid Market Trends
Opioid Market Analysis
Based on drug type, the global market is segmented into oxycodone, hydrocodone, morphine, fentanyl, tramadol, and other drug types. The oxycodone segment dominated the market generating market revenue of USD 8.7 billion in 2023 and is projected to reach USD 10.9 billion by 2034 witnessing its prominence throughout the forecast period at a CAGR of 2.3%.
Based on the application, the global opioid market is categorized as pain management, anesthesia, cough suppression, and other applications. The pain management segment held the largest market share at 74.3% in 2024 and maintained its dominant position throughout the analysis period.
Based on the route of administration, the global opioid market is categorized into oral, injectables, transdermal, and other routes of administration. The oral segment leads the market and is expected to experience significant growth with a CAGR of 1.6%, with projections predicting to reach USD 17.1 billion by 2034.
Based on the distribution channel, the global opioid market is categorized hospital pharmacies, retail pharmacies, and online pharmacies. In 2024, the hospital pharmacies segment holds the largest market share of 52.9% and is expected to reach USD 15.3 billion by end of 2032.
In 2024, the U.S. held a significant position in the North America opioid market accounting for USD 10.4 billion and is anticipated to grow at a CAGR of 1.9% during the analysis period.
Germany shows strong growth potential in the Europe opioid market.
China opioid market in Asia Pacific is estimated to grow at a significant growth rate over the next few years.
Brazil's opioid market is projected to witness growth in coming years.
Opioid Market Share
The top 5 players in the opioids market generated ~55% of the market share. The leading companies such as Purdue Pharma, Mallinckrodt Pharmaceuticals, Amneal Pharmaceuticals, Teva Pharmaceuticals, and Hikma Pharmaceuticals dominate the market through extensive opioid-based products.
The market is highly competitive with key players focusing on product innovations, strategic collaborations and regulatory approvals strengthening their position in the market. The market key players also invest in research to innovate safer and effective opioid based formulations addressing the concerns over opioid addiction and misuse. In addition, the presence of generic manufacturers and their significant role in expanding the access to affordable opioid medications has further formed a competitive scenario in the market.
Opioid Market Companies
Few of the prominent players operating in the opioid industry include:
Opioid Industry News
The opioid market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Drug Type
Market, By Application
Market, By Route of Administration
Market, By Distribution Channel
The above information is provided for the following regions and countries: