Global medical morphine market to grow with a steady CAGR of 2.1% and is estimated to reach USD 29.9 billion by 2026. Increasing prevalence of cancer as morphine prescribed to overcome cancer related pain and vulnerable aging population and their medical […]
Global medical morphine market to grow with a steady CAGR of 2.1% and is estimated to reach USD 29.9 billion by 2026. Increasing prevalence of cancer as morphine prescribed to overcome cancer related pain and vulnerable aging population and their medical conditions like arthritis are the key factors for growth of market.
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Few of the major competitors currently working in the morphine market are Mallinckrodt plc., Alcaliber S.A, Sanofi, Johnson Matthey, Qinghai Lake Pharmaceutical Co.,Ltd., Northeast Pharmaceutical Group Co., Ltd, Sun Pharmaceutical Industries Ltd, Pfizer Inc, Fresenius Kabi USA, Daiichi Sankyo company limited, Rhodes Pharmaceuticals L.P, Allergan, Pacira BioSciences, Inc., Endo Pharmaceuticals Inc., Tris Pharma, Inc, US WorldMeds, LLC, Egalet Corporation and among others.
Key Developments in the Market:
- In May 2019, US WorldMeds, LLC has initiated Phase III trial for apomorphine for the treatment of motor fluctuations in Idiopathic Parkinson’s disease. The study expects to enroll 99 patients with early stage Parkinson’s and expect to complete by end of the Oct’19
- In December 2017, Egalet Corporation received FDA tentative approval for an expanded label of ARYMO ER (morphine sulfate), extended-release tablets for the management of pain
- Increasing cases of cancer related treatment worldwide as morphine is valuable agent to overcome cancer related pain
- Vulnerable aging population and their medical conditions like arthritis
- Rising awareness about treatment and technological advancement is driving the growth of market
- Morphine is potent drug abuse worldwide due to its sedative and euphoric nature
- Effective treatment is either unavailable or unaffordable
- Insufficient awareness about pain management in some developing countries
- Government hefty regulations to prevent illicit use of morphine
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Core Objectives of Global Medical Morphine Market market research
- To analyze global Global Medical Morphine Market status, future forecast, growth opportunity, key market and key players.
- To present the Global Medical Morphine Market development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
Segmentation: Global Medical Morphine Market
Medical Morphine Market By Application Type
- Cough Suppressant
- Diarrhea Suppressant
Medical Morphine Market By Indication Type
- Parkinson’s Disease
- Myocardial Infraction
- Kidney Stones
Medical Morphine Market By Ingredient Type
- Apomorphine Hydrochloride
- Morphine Sulfate
- Morphine Acetate
Medical Morphine Market By Dosage Form Type
- Oral Tablets
Medical Morphine Market By Route of administration
Medical Morphine Market By End users
- Specialty Clinics
Medical Morphine Market By Geography
- North America
- South America
- Middle East & Africa
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Objective of the Report
- To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the Global Medical Morphine Market market.
- Facilitate decision making on the basis of strong historic and forecast of Global Medical Morphine Market Market.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
- Historical, current and projected market size in terms of volume and value.
- The quantitative analysis of the global market from 2019 to 2026 has been provided to determine the market potential.
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