Global medical morphine market to grow with a steady CAGR of 2.1% and is estimated to reach USD 29.9 billion by 2026. Morphine is a narcotic analgesic found naturally in the opium poppy plants that are used for the treatment of moderate to chronic pain. It acts on central nervous system to relieve pain related to post surgery. Morphine is potent drug abuse worldwide due to its sedative and euphoric nature.
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Key Market Players: Global Medical Morphine Market
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.
Competitive Analysis: Global Medical Morphine Market
Global medical morphine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical morphine market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- 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
- Segmentation: Global Medical Morphine Market
Reasons to Purchase this Report
- Current and future of global medical morphine market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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