Global Opioid Anesthetics Market growing at a CAGR of 4.4% from 2023 to 2031
Category : Pharmaceuticals And Healthcare | Published Date : Dec 2023
Key Market Overview
Consegic Business Intelligence analyzes that the opioid anesthetics market is predicted to grow at a compound annual growth rate of 4.4% from 2023 to 2031 and is expected to reach USD 1,188.06 million in 2031 and 839.36 million in 2023 which was valued at USD 805.00 million in 2022.
The report highlights the rising use of adjuvant anesthesia drugs and the increasing number of surgeries, which is augmenting global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the opioid anesthetics market.
Global Opioid Anesthetics Market By Overview
The opioid anesthetics market is bifurcated into type and end-users. Based on the type, the market is segmented into oral and injectable. In 2022, the injectable segment dominates the overall opioid anesthetics market. Based on the end-users, the market is segmented into hospitals, ambulatory surgical centres, clinics, and others. In 2022, the hospitals form segment dominate the overall opioid anesthetics market.
Get Free SampleMarket Dynamics
Driver:
- Rising use of adjuvant anesthesia drugs.
- Increasing number of surgeries.
Restraints:
- Side effects associated with the use of opioid anesthetics and strict regulatory framework.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Oral and Injectables |
| By End-users | Hospitals, Ambulatory Surgical Centers, Clinics, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Hikma Pharmaceuticals, Pfizer Inc., Merck & Co., Grünenthal, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the opioid anesthetics market is expected to witness substantial growth in the coming years due to an increase in development of the healthcare and pharmaceutical sector in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Hikma Pharmaceuticals
- Pfizer Inc.
- Merck & Co.
- Grünenthal
- AcelRx Pharmaceuticals, Inc.
- AbbVie Inc.
- Viatris Inc.
- Novalab Healthcare
- Piramal Critical Care