Medical Morphine Market synopsis:
Morphine is a pain medication which directly acts on the central
nervous system to decrease acute and chronic pain. As per the report
published by Market Research Future (MRFR), the global medical morphine
market is anticipated to expand at a noteworthy CAGR of 7.5% during the
forecast period of 2018-2023.
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Medical Morphine Market Drivers:
Morphine is a quintessential pain medication which is prescribed by
licensed medical practitioners to the patients with acute or chronic
pain. The increased use of morphine by the patients suffering from
cancer, arthritis, myocardial infarction and other diseases is driving
the expansion of the global medical morphine market. Increasing
geriatric population and prevalence of diseases like arthritis, cancer
and others are inducing demand for morphine in the market, leading to
the growth of the global medical morphine market.
The application of medical morphine as a slow-release formulation for
opiate substitution therapy (OST) in various countries such as Austria,
Slovenia and others is fueling the growth of the global medical
morphine market. The benefits of morphine in reducing the shortness of
breath due to cancerous and non-cancerous causes is also impacting
positively on the expansion of the global medical morphine market.
Market Restraints:
However, the increased awareness regarding the adverse effects of
morphine on the human body such as constipation, hormonal imbalance,
drowsiness, functional impairment and others are negatively impacting
the growth of the global medical morphine market. The stringent
regulatory framework imposed by the government to limit the amount of
morphine to be prescribed owing to the high abuse rate of morphine is
acting as a restraint on the expansion of the global medical morphine
market.
Market Segmentation:
The global Morphine Industries
has been segmented on the basis of route of administration,
application, distribution channel and end-users. Based on route of
administration, the medical morphine market is segmented into oral and
injectable. Based on application, the medical morphine Market is
segmented into arthritis, cancer, kidney stone, myocardial infarction,
diarrhea and others. Based on distribution channel, the medical morphine
market is segmented into hospital pharmacy, retail pharmacy, online
pharmacy and others. Based on end-users, the medical morphine market is
segmented into hospitals and clinics, ambulatory surgical centers,
homecare, and others.
Regional Analysis:
The global medical morphine market is geographically segmented into
four major regions such as Americas, Asia Pacific, Europe, and the
Middle East and Africa. The Americas account for the largest market
share in the global medical morphine market owing to the increasing
demand for opioid drugs as pain relievers.
The Europe region accounts for the second largest market share in the
global medical morphine market owing to the increasing prevalence of
diseases like cancer, myocardial infarction and others. The medical
morphine market in the Asia Pacific region is projecting noteworthy
growth due to the increasing geriatric population and rise in use of
medical morphine as pain medication in this region.
The Middle East and Africa region is anticipated to project steady
growth in the global medical morphine market due to the limited
availability of medical facilities, poor healthcare infrastructure, and
lack of awareness among the population in underdeveloped areas of this
region.
Competitive Analysis:
The increasing number of investors in the global medical morphine
market is strengthening the competition among the players of the global
medical morphine market. The high research and development expenditure
by the pharmaceutical industries in order to launch new products in the
global market and strategic mergers and acquisition by the players in
the market is leading to the expansion of their businesses in the global
medical morphine market.
In July 2018, Aurobindo Pharma, an Indian pharmaceutical company has
announced that it is in its final stage of negotiation to acquire
Mallinckrodt’s specialty generics business in the US including its
portfolio of opioid-based painkillers such as morphine. This is
considered to be the largest cross-border acquisition by an Indian
pharmaceutical company in the recent times.
The key players of the global medical morphine market that are
highlighted in the report published by MRFR are Mallinckrodt
Pharmaceuticals, Alcaliber S.A, Purdue Pharma L.P., Pfizer Inc., Johnson
Matthey Fine Chemicals, Sun Pharmaceutical Industries Ltd., Verve
Health Care Ltd., Taj Pharmaceuticals Limited, NORTHEAST PHARM, and
MANUS AKTTEVA BIOPHARMA LLP.
Table of Content
- Report Prologue
- Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
- Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
- Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
- Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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