USD 25.90 Billion
Morphine Market Size, Share, Growth Analysis, By Type(Injection, Capsules), By Application(Anesthesia, Cough Suppressant) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2204 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Morphine Market Insights
Morphine Market size was valued at USD 25.90 Billion in 2021 and is poised to grow from USD 27.89 Billion in 2022 to USD 50.49 Billion by 2030, at a CAGR of 7.7% during the forecast period (2023-2030).
The global Morphine market is a segment within the pharmaceutical industry that focuses on the production, distribution, and sale of morphine, a powerful analgesic derived from the opium poppy plant. The market provides essential pain management solutions for patients suffering from acute or chronic pain. Morphine is widely used in medical settings, including hospitals, clinics, and palliative care centers, to alleviate severe pain associated with various medical conditions. The primary purpose of the morphine market is to meet the growing demand for effective pain management medications worldwide. Chronic pain conditions, such as cancer, musculoskeletal disorders, and postoperative pain, require potent analgesics like morphine to provide relief to patients. Moreover, morphine is vital for managing pain in end-of-life care, ensuring patients' comfort and quality of life during their final stages. A key driving factor for the global morphine market is the increasing prevalence of pain-related medical conditions. The aging population, rising incidence of cancer, and the growing number of surgeries performed globally contribute to the demand for morphine. Additionally, the expanding awareness and recognition of the importance of effective pain management in healthcare settings drive the market growth. Challenges in the morphine market include the potential for abuse and addiction. While morphine is a highly effective painkiller, it also carries the risk of dependence and addiction if not used appropriately. Healthcare providers must carefully manage the prescription and administration of morphine to mitigate these risks and ensure patient safety. Despite the challenges, there are opportunities in the market as well. Technological advancements and research in pain management may lead to the development of innovative formulations or delivery methods for morphine, enhancing its efficacy and safety. Additionally, increasing investment in palliative care and hospice services presents an opportunity for the growth of the morphine market, as these settings often require substantial quantities of morphine to provide adequate pain relief to patients. The global morphine market serves the purpose of meeting the demand for effective pain management solutions. The market's driving factors include the prevalence of pain-related conditions and growing awareness of the importance of pain management. However, the market faces restraints due to regulatory restrictions and challenges related to potential abuse and addiction. Nonetheless, opportunities exist through technological advancements and the expansion of palliative care services. The continuous development of the morphine market contributes to improving the quality of life for individuals suffering from severe pain.
US Morphine Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Injection
Fastest Growth
Injection
Growth Rate
7.7% CAGR
Global Morphine Market ($ Bn)
Country Share for North America Region (%)
Global Morphine Market By Type ($ Bn)
Global Morphine Market By Type (%)
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Morphine Market Segmental Analysis
The global morphine market is segmented on the basis of type, application, and region. By Type, the market is segmented into Injection, Capsules, and Oral Tablets. By Application, the market is segmented into Anesthesia, Cough Suppressant, Diarrhea Suppressant, and Others (Cancer, Arthritis). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Morphine Market Analysis by Type
The oral tablets segment holds the largest market share due to its ease of administration and patient preference. Oral tablets provide a convenient and non-invasive method for pain management, allowing patients to self-administer the medication as prescribed. Moreover, oral tablets offer a controlled-release formulation that provides sustained pain relief over an extended period, enhancing patient comfort and compliance. With its wide availability and established usage, the oral tablets segment captures the majority of the morphine market, accounting for approximately 60% of the overall market share.
The injections segment is experiencing rapid growth and holds tremendous potential in the morphine market. Injections are favored in cases where immediate pain relief is required or when oral administration is not feasible, such as in emergency settings or for patients with difficulty swallowing. The injections segment has witnessed significant advancements in formulation, delivery systems, and safety measures, driving its growth in recent years. The segment has been growing at an impressive rate of 8% annually, outpacing other morphine product types in terms of market expansion.
Morphine Market Analysis by Application
The application of morphine in anesthesia holds a dominant position in the market, accounting for a substantial share of approximately 40%. Anesthesia is a critical component of surgical procedures, ensuring patient comfort and pain management during operations. Morphine's potent analgesic properties make it a preferred choice among anesthesiologists to alleviate pain and provide sedation to patients undergoing surgical interventions. With the increasing number of surgeries being performed globally and advancements in surgical techniques, the demand for morphine in anesthesia continues to grow steadily.
The segment of morphine application in cancer and arthritis represents a significant opportunity for market growth. Morphine plays a crucial role in managing pain associated with these conditions, offering much-needed relief to patients. Cancer-related pain, including pain from tumors, chemotherapy, or radiation therapy, often requires strong analgesics like morphine for effective pain management. Similarly, arthritis, a chronic inflammatory condition affecting joints, can cause severe pain and discomfort, necessitating the use of potent pain relievers such as morphine. As the prevalence of cancer and arthritis continues to rise globally, the demand for morphine in these therapeutic areas is expected to surge, presenting a lucrative market opportunity.
Global Morphine Market By Type , 2023 (%)
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Morphine Market Regional Insights
North America holds the largest market share in the global morphine market due to several factors. The region benefits from well-established healthcare infrastructure, advanced medical facilities, and high healthcare expenditure. Additionally, the region has a high prevalence of chronic pain conditions, including cancer-related pain and musculoskeletal disorders, which necessitate the use of potent analgesics like morphine. Furthermore, favorable government policies, increased awareness about pain management, and the presence of key market players contribute to the dominant position of North America in the morphine market.
Asia Pacific is experiencing the fastest growth in the global morphine market. Several factors contribute to this rapid growth. The region has a large and growing population, which translates into an increased patient pool requiring pain management solutions. Moreover, rising healthcare spending, improving healthcare infrastructure, and the expansion of healthcare facilities in countries like China and India drive the demand for morphine in the region. Additionally, the increasing prevalence of chronic diseases, such as cancer and arthritis, in the Asia Pacific region creates a significant market opportunity for morphine.
Global Morphine Market By Geography, 2024-2031
- Largest
- Fastest
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Morphine Market Dynamics
Morphine Market Drivers
Increasing Prevalence of Chronic Pain Conditions
- The growing incidence of chronic pain conditions, such as cancer, musculoskeletal disorders, and neuropathic pain, acted as a major driver for the morphine market. In 2022, the World Health Organization estimated that cancer cases would increase by nearly 50% over the next two decades. This rising prevalence of chronic pain conditions has driven the demand for potent analgesics like morphine, contributing to the market's growth.
Advancements in Drug Delivery Technologies
- Technological advancements in drug delivery systems have played a significant role in driving the morphine market. Novel formulations and delivery methods have enhanced the efficacy and safety of morphine administration. For example, in 2022, a study published in the Journal of Pain Research highlighted the development of sustained-release morphine patches that provided prolonged pain relief with reduced systemic side effects. These advancements have improved patient compliance and outcomes, fueling the demand for morphine.
Morphine Market Restraints
Stringent Regulatory Environment
- The morphine market faced constraints due to the strict regulatory environment surrounding opioid medications. Governments and healthcare authorities-imposed regulations to mitigate the risks associated with opioid misuse, addiction, and overdose. These regulations included prescription restrictions, monitoring programs, and guidelines for safe use. While these measures aimed to address the opioid crisis, they also created challenges for manufacturers and healthcare providers in terms of compliance and access to morphine for legitimate medical purposes.
Concerns about Side Effects and Addiction
- Morphine's potential for side effects, including respiratory depression, sedation, and the risk of addiction, acted as a restraint on the market. The risk of opioid-related adverse events and concerns about the potential for misuse and addiction have led to cautious prescribing practices and increased vigilance in monitoring patients receiving morphine. These concerns have influenced healthcare professionals' decision-making, leading to a more conservative approach in prescribing morphine and impacting market growth.
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Morphine Market Competitive Landscape
The global morphine market is characterized by the presence of several key players striving to capture a significant market share. These companies engage in various strategies such as mergers and acquisitions, product launches, partnerships, and collaborations to strengthen their market position and expand their product portfolios. collaborations between pharmaceutical companies and healthcare organizations are becoming increasingly common. These collaborations aim to improve patient access to morphine and other pain management solutions, enhance healthcare provider education on responsible opioid use, and develop comprehensive pain management strategies. For example, partnerships between pharmaceutical manufacturers and palliative care organizations focus on improving access to morphine in palliative care settings. In recent years, the competitive landscape has been influenced by the increasing focus on addressing the opioid crisis and promoting responsible opioid use. Companies are actively involved in supporting initiatives aimed at preventing opioid misuse, educating healthcare professionals and patients about the appropriate use of opioids, and developing abuse-deterrent formulations.
Morphine Market Top Player’s Company Profiles
- Alcaliber (Spain)
- Sun Pharmaceutical Industries (India)
- Janssen Pharmaceuticals (US)
- Sanofi (France)
- Teva Pharmaceutical Industries (Israel)
- Noramco (US)
- Macfarlan Smith (UK)
- Tasmanian Alkaloids (Australia)
- Lannett Company (US)
- Alkaloid AD Skopje (North Macedonia)
- Alcaliber SA (Switzerland)
- Rusan Pharma Ltd (India)
- Napp Pharmaceuticals (UK)
- Cipla Ltd (India)
- Indivior PLC (UK)
- Purdue Pharma LP (US)
- Rhodes Pharmaceuticals (US)
Morphine Market Recent Developments
- In May 2023, Qinhai Zhiyao Pharmaceutical announced the launch of its new morphine sulfate injection in China. The injection is designed to provide rapid pain relief, and it is available in strengths of 10, 20, and 40 milligrams per milliliter.
- In April 2023, Bard Pharma announced the launch of its new morphine sulfate oral solution in the United States. The solution is designed to be easier to swallow than tablets or capsules, and it is available in strengths of 5, 10, and 20 milligrams per milliliter.
- In March 2023, Mundipharma announced the launch of its new morphine sulfate extended-release tablets in the United States. The tablets are designed to provide up to 24 hours of pain relief, and they are available in strengths of 15, 30, and 60 milligrams.
Morphine Key Market Trends
- Focus on Personalized Pain Management: A key trend in the morphine market was the increasing focus on personalized pain management approaches. Healthcare providers and researchers have been exploring individualized treatment strategies based on patient characteristics, genetics, and pain profiles. For instance, in 2022, a study published in the Journal of Pain and Symptom Management discussed the potential of pharmacogenomic testing to optimize opioid therapy, including morphine, by identifying patients at higher risk of adverse events or poor response. This trend signifies the shift towards tailored pain management solutions, which could drive the demand for morphine in specific patient populations.
- Growing Emphasis on Palliative Care: Palliative care, aimed at improving the quality of life for patients with serious illnesses, witnessed increasing attention in 2022. Morphine plays a critical role in palliative care settings, providing effective pain relief and symptom management. Governments and healthcare organizations have been emphasizing the integration of palliative care into healthcare systems, leading to increased demand for morphine in these settings. This trend reflects a broader recognition of the importance of holistic patient care, further driving the morphine market.
Morphine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global morphine market analysis, the demand for morphine is increasing due to the rising prevalence of chronic pain conditions, such as cancer and musculoskeletal disorders. The market is driven by factors like advancements in drug delivery technologies, which have improved the effectiveness and safety of morphine. However, the market also faces challenges, such as strict regulations surrounding opioid medications and concerns about side effects and addiction. Despite these challenges, key trends include a focus on personalized pain management and the growing emphasis on palliative care, which further fuel the demand for morphine. The competitive landscape of the market is characterized by prominent players that engage in strategic initiatives to strengthen their market presence and expand their product offerings. Overall, the global morphine market presents opportunities for growth and innovation in addressing the pain management needs of patients worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 25.90 Billion |
| Market size value in 2031 | USD 50.49 Billion |
| Growth Rate | 7.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Morphine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Morphine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Morphine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Morphine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Morphine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Morphine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Morphine Market Report Snapshots
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