Narcotics Analgesics Market - Chronic pain treatment with opioid analgesics | Detailed Study by Coherent Market Insights

Global Narcotics Analgesics Market Analysis

Overview

Cocaine analgesic, often known as opioids, are painkillers that mimic the function of endorphins, which are chemicals generated by the body to control pain. Narcotics are used to relieve acute pain after surgeries and other medical treatments, as well as chronic (long-term) and advanced pain. They are also used to make anesthetics, cough syrups, and diarrhea suppressants. These medications are only available with a prescription. The use of narcotic analgesics is closely controlled by authorities as opioids are compulsive and can result in lethal overdose.

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Drivers

During the forecast period, an increase in research for narcotic analgesics medications is expected to boost the global narcotics analgesics market's growth. Loma Linda University is conducting a phase III clinical trial for the medication Narco. The study's goal is to assess patient pain levels in the early post-operative period and analyze pain medication use in patients who have outpatient Ear, Nose, and Throat surgery. The research began in February 2018 and is expected to be completed in January 2019.

Moreover, Temple University is conducting a clinical phase II trial with AstraZeneca to determine the impact of opioids on esophageal motility. Prolonged opioid users have esophageal motor dysfunction, according to the research. The safety and tolerability of MOVANTIK (Naloxegol) will be investigated in this trial, which is intended to alleviate opioid-induced gastric motility problems. The research began in January 2017 and will be completed in January 2020.

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Restraints

Shortfalls of narcotic analgesics drugs are anticipated to have an impact on the market's growth. As per the Drug Enforcement Administration (DEA) of the U.S., a variety of injectable opioid drugs, such as morphine, hydromorphone, and fentanyl, are now experiencing serious shortages in the U.S. Patients getting interventional procedures such as heart catheterization and surgery require injectable opioids to manage their discomfort. As opioid analgesics are particularly potent in pain management, a decrease in supply of these vital medications might result in less effective pain management for patients.

Regional Insights

Due to the increased usage of opioid analgesics, North America is expected to lead the global narcotics analgesics market. As per the U.S. Federal Government, 8.5 million individuals, or 3% of the population, abused opioid medications in 2015, and 2.5 million were addicted to opioids or heroin. Furthermore, overdoses claimed the lives of almost 33,000 people.

A few nations in the European Union (EU) are mishandling prescription opioid analgesics as regular pain relievers, which is not recommended because they are habit-forming pharmaceuticals. The European region is projected to see significant increase in the global narcotics analgesics market. As per a study published in the BMC Psychiatry journal in August 2016, Spain had the largest non-medical usage of opioids, followed by the U.K.

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Competitive Landscape

Major companies contributing in the global narcotics analgesics market are UCB, Inc., Sun Pharmaceutical Industries Ltd., BioDelivery Sciences International, Inc., Teva Pharmaceuticals, Akron, Inc., Pfizer Inc., Janssen Pharmaceuticals, Inc., Allergan plc., Endo Pharmaceuticals, Inc., Boehringer Ingelheim GmbH, and Endo Pharmaceuticals Inc.

Table of Content

Global Narcotics Analgesics Market Research Report

Section 1: Global Narcotics Analgesics Industry Overview

Section 2:  Global Economic Impact on Narcotics Analgesics Industry

Section 3:  Global Market Competition by Industry Producers

Section 4:  Global Productions, Revenue (Value), according to Regions

Section 5:  Global Supplies (Production), Consumption, Export, Import, geographically

Section 6:  Global Productions, Revenue (Value), Price Trend, Product Type

Section 7:  Global Market Analysis, on the basis of Application

Section 8:  Narcotics Analgesics Market Pricing Analysis

Section 9:  Market Chain, Sourcing Strategy and Downstream Buyers

Section 10:  Strategies and key policies by Distributors/Suppliers/Traders

Section 11:  Key Marketing Strategy Analysis, by Market Vendors

Section 12:  Market Effect Factors Analysis

Section 13:  Global Narcotics Analgesics Market Forecast

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