Morphine
Market Trends, Key Players, Industry Analysis and Forecast to 2031

The
global morphine market is estimated to grow at a significant CAGR during the
forecast period. The key factor attributing to the growth of the market is the
rise in the usage of morphine for pain management. Morphine is considered one
of the most effective drugs for the management of pain. The global morphine
market is estimated to grow at a significant CAGR during the forecast period.
The key factor attributing to the growth of the market is the rise in the usage
of morphine for pain management. Morphine is considered one of the most
effective drugs for the management of pain. In addition, their use in the
management of severe pain and chronic pain, which are related to advanced
medical illness, is considered to be standard practice in most parts of the
globe.

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Furthermore,
the increasing occurrence of orthopaedic disorders, like arthritis, elbow pain,
fibromyalgia, and osteoporosis, is the major factor responsible for the
increasing growth of the global morphine market. As per the World Health
Organization, by 2040, 120 million people will suffer from Osteoarthritis,
globally, of whom 35 million will be severely disabled by the disease. The
growing usage of morphine in pain management is accelerating the market growth
as the patient pool is raising. However, prescription drug abuse and risk
factors related to the intake of morphine are the concerns obstructing the
market growth.

Morphine
is employed to relieve moderate to severe pain. Morphine extended-release
tablets and capsules are only employed to relieve severe pain that cannot be
controlled by the use of other pain medications. As per the recent study
published in the Archives of Internal Medicine in 2019, it was anticipated that
16% to 21% of physician visits in the United States involve an opioid
prescription. Opioids play an important role in acute post-operative settings
to provide adequate analgesia. 

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Market
Coverage

• Segment Covered- 

o             By Dosage Form

o             By Application

• Competitive Landscape:
  MALLINCKRODT PHARMACEUTICALS, Pfizer Inc., Sun Pharmaceutical Industries
  Ltd, Verve Health Care Ltd, Mayne Pharma Group Limited.

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
Morphine Market by Segment

By
Dosage Form

•             Injection

•              Oral Tablets

•              Other Dosage Forms

By
Application

•             Pain Management 

•              Diarrhoea Suppressant

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