Global Morphine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Morphine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global morphine market report has been segmented on the basis of type, application, and region.
Global Morphine Market: Overview
Morphine is widely used for medicinal purposes as it is narcotic and analgesic drug that is obtained from opioid for treatment of severe pain and it belongs to the type of medications called narcotic analgesics. Morphine medicines work on brain to increase pain tolerance which results into reduce the pain.
Global Morphine Market: Dynamics
Growing demand for opium in pharmaceuticals sectors is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing use of opium or opioid (narcotic) analgesics in development of various drugs in pharmaceuticals sectors owing to its various benefits offered such as increase in appetite, reduced nausea, reduced pain and inflammation, control over epileptic seizures, and is widely used for treating mental illness and addictions among young population. Aforementioned benefits are among major factors expected to boost growth of the global morphine market in the near future.
Increasing awareness of palliative care medication and myocardial infarction treatment in healthcare sector, owing to morphine’s drug ability to innate hemodynamic effects that decreases heart rate, venous return, and blood pressure is another factor expected to drive growth of the target market. In addition, various beneficiary property offered by morphine in myocardial infarction treatment is another factor expected to support growth of the target market in the coming 10 years.
Furthermore, increasing legalization of potent opioid for medical and recreational use in various emerging countries by government is expected to create significant opportunities for business expansion for existing players as well as easy entrance for new players in global morphine market. In addition, increasing R&D activities for development of novel product is another factor expected to offer lucrative opportunity for the players in the target market.
However, stringent regulations and complex regulatory structure associated with usage of morphine and opioid is a major factor expected to restraint growth of the global morphine market.
Global Morphine Market: Segment Analysis
The oral tablets segment is expected to witness high growth of the global market, owing to increasing prescription and capability of morphine as strong pain relievers among pharmacists across the globe.
Global Morphine Market: Regional Analysis
The market in North America is expected to account for the highest revenue share over the forecast period. Increasing utilization of morphine by R&D sector for medicinal innovation in the US and Canadian markets is expected to support growth of the target market in the near future. Market in Asia Pacific is expected to register significant growth in the global market in terms of revenue, owing to increasing awareness regarding various benefits and wide range of morphine applications among chemical and pharmaceutical manufactures in emerging countries such as China, India, and Japan in the region.
Market in Europe is expected to register lucrative growth in the forecasted 10 years. Furthermore, the market in Latin America and Middle East & Africa is expected to register advent growth in the global market.
Global Morphine Market Segmentation:
Segmentation by Type:
- Oral Tablets
Segmentation by Application:
- Cough Suppressant
- Diarrhea Suppressant
- Others (Cancer, Arthritis)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Alcaliber SA
- Pfize,r Inc.
- Mallinckrodt LLC
- Purdue Pharma L.P
- Macfarlan Smith Ltd
- Verve Health Care Ltd.
- Sanofi Winthrop Industries A.
- Sun Pharmaceutical Industries Ltd.
- Qinghai Pharmaceutical Co. Ltd.
- Johnson Matthey Fine Chemicals
- Northeast Pharmaceutical Group Co., Ltd.
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