Top 5 Growth Strategies in the Global Morphine Market :Forecast 2025–2033
Top 5 Growth Strategies in the Global Morphine Market :Forecast 2025–2033
According to a research report published by Spherical Insights & Consulting, the Global Morphine Market Size is Expected to Grow from USD 22.46 Billion in 2023 to USD 34.87 Billion by 2033, Growing at a CAGR of 4.50 % during the forecast period 2025-2033.
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Morphine is a potent opioid analgesic that is produced from the opium poppy plant. It is a strong opiate that is a dark brown resin. Overconsumption of this substance leads to negative effects and drug addiction. Morphine is used in trace levels in several medications used in the medical field. This drug can also be taken following surgery since it helps to relieve pain from the central nervous system. Additionally, it is used to treat cancer. One of the main active ingredients in medications categorized as “morphine drugs” is morphine. The market is expanding as a result of the rising demand for potent analgesics such as morphine brought on by the increasing prevalence of chronic pain issues. This medication’s main goal is to alleviate severe pain. As a result, it is also being used on patients to lessen their pain following surgery. Additionally, it is utilized to treat complicated illnesses like cancer. However, another factor that can prevent the market from growing is the introduction of new generic drugs that could replace this drug as a pain reliever.
Browse key industry insights spread across 250 pages with 110 Market data tables and figures & charts from the report on the Global Morphine Market Size, Share, and COVID-19 Impact Analysis, By Type (Oral Tablets, Injection, and Capsule), By Application (Anesthesia, Cough Suppressant, Diarrhea Suppressant, and Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The oral tablets segment is predicted to hold the largest market share through the forecast period.
Based on the type, the morphine market is classified into oral tablets, injections, and capsules. Among these, the oral tablets segment is predicted to hold the largest market share through the forecast period. Oral tablets provide a convenient and non-invasive method of treating pain, allowing patients to take the medication as prescribed. The controlled-release formula of oral tablets also provides longer-lasting pain relief over an extended length of time, increasing patient comfort and compliance.
The anesthesia segment is estimated to grow at the fastest CAGR growth through the forecast period.
Based on the application, the morphine market is divided into anesthesia, cough suppressant, diarrhea suppressant, and others. Among these, the anesthesia segment is estimated to grow at the fastest CAGR growth through the forecast period. The increasing number of surgeries performed globally and advancements in surgical techniques are expected to cause a steady increase in the need for morphine in anesthesia. Recognizing that it ensures patient comfort and pain management throughout the surgery, anesthesia is essential to surgical procedures.
The hospitals & clinics segment is anticipated to hold the largest market share of the global morphine market through the projected period.
Based on the end user, the morphine market is divided into hospitals & clinics, ambulatory surgical centers, and others. Among these, the hospitals and clinics segment is anticipated to hold the largest market share of the global morphine market through the projected period. In hospitals and clinics, morphine is widely utilized, mostly to treat patients’ pain when they are having surgery, are seriously injured, or have an urgent medical condition.
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North America is estimated to hold the largest share of the morphine market over the forecast period.
North America is estimated to hold the largest share of the morphine market over the forecast period. In this region, the United States holds the largest proportion due to its advanced healthcare system, patient base, and supportive healthcare laws. Furthermore, significant healthcare investment, advanced medical facilities, and a solid healthcare infrastructure all benefit the area. Chronic pain conditions such as musculoskeletal disorders and cancer-related pain are also very common in the area, necessitating the usage of potent analgesics like morphine. North America leads the morphine market due to a number of factors, including the presence of significant market players, advantageous government regulations, and growing awareness of pain management.
Asia Pacific is predicted to have the fastest CAGR growth in the morphine market over the forecast period. Patients in the area are in greater need of pain management solutions due to its large and growing population. The expansion of healthcare facilities in countries like China and India, rising healthcare costs, and improving healthcare infrastructure all contribute to the region’s need for morphine.
Major key players in the morphine market include Fresenius Kabi USA, Pacira BioSciences, Inc., Endo Pharmaceuticals Inc., Tris Pharma, Inc, Mundi Pharma, Purdue Pharma L.P., Taj Pharmaceuticals Limited, Mallinckrodt Pharmaceuticals, Alcaliber S.A, Johnson Matthey, Northeast Pharmaceutical Group Co., Ltd, Sun Pharmaceutical Industries Ltd, Teva Pharmaceutical Industries Ltd, Bard Pharma, and Others.
Recent Developments
- In August 2024, the FDA approved the Zurnai (nalmefene injection) auto-injector, which is intended to treat known or suspected opioid overdoses in adults and children aged 12 and up that are caused by both natural and synthetic opioids.
- In May 2024, Purdue Pharma L.P. and the correctional facility entered into an agreement to offer affordable treatment alternatives for opioid use disorder. The goal of this program is to improve access to necessary treatment and aid in the fight against the opioid crisis by attending to the needs of those who are incarcerated and suffering from opioid addiction.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the morphine market based on the below-mentioned segments:
Global Morphine Market, By Type
- Oral Tablets
- Injection
- Capsule
Global Morphine Market, By Application
- Anesthesia
- Cough Suppressant
- Diarrhea Suppressant
- Others
Global Morphine Market, By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
Global Morphine Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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