The Global Opioid Withdrawal Syndrome (OWS) Market is estimated to witness a rise in revenue from US$ 1,068.3 Mn in 2021 to US$ 2,633.4 Mn by 2030. The market is registering a CAGR of 10.4% during the forecast period 2022-2030.
Opioids are a class of drugs that are commonly prescribed to treat pain. Opioids include both opiates (drugs derived from the opium poppy, including morphine, codeine, heroin, and opium) and synthetic opioids like hydrocodone, oxycodone and methadone, which have similar effects. When the use of opiate drugs is stopped, it may produce several withdrawal symptoms and collectively these symptoms are called Opiate Withdrawal Syndrome (OWS). Opiate withdrawal symptoms may range from mild to severe, depending on how dependent the individual is on an opioid drug. Also, each opiate drug has a unique half-life as a result, withdrawal symptoms may start at different times, depending on the drug and method in which it is taken. Moreover, the use of opioids leads to suppression of brain stem function. The brain stem tries to overcome this suppression by increasing output, sudden stop of opioid use causes ‘fight or flight’ output from the brainstem and leads to the symptoms of OWS.
Physical signs/symptoms-
The major factor responsible for the growth of the global opioid withdrawal syndrome (OWS) market includes increasing cases of opioid addiction and increasing engagement by private and public institutions. In today’s scenario, the general population suffers from a wide range of severe and chronic diseases including cardiovascular, pain arising from injuries and other conditions. These diseases often cause chronic pain amongst the patients that are managed with the consumption of painkillers, mostly opioids. While the pain reduces, there is a greater chance that the patient may get addicted to these drugs. Moreover, increasing involvement of private and government institute in opioid withdrawal syndrome therapy is the key factor for the growth of the market. However, adverse side effects of opioids are expected to hinder the market growth during the forecast period.
The study of the Global Opioid Withdrawal Syndrome (OWS) Market considers various market determinants, drivers and challenges of the market. The report discusses the analysis of the opioid withdrawal syndrome industry for the period 2018-2030, where the base year is 2021 and the forecast period is 2022-2030. The market estimates are presented in terms of value (US$ Mn).
The report provides a detailed analysis of the Global Opioid Withdrawal Syndrome (OWS) Market across 26 Chapters and 159 pages. The report includes data presentation across 9 tables and 47 statistical figures. The subsequent section provides details of the market analysis based on different segments such as therapy and country.
Key Takeaways from the Global Opioid Withdrawal Syndrome (OWS) Market Report
Strategic Outlook of the key players in the Global Opioid Withdrawal Syndrome (OWS) Market
The key players in the Global Opioid Withdrawal Syndrome (OWS) Market are US Worldmeds LLC, Aphios Corporation, Chiesi Farmaceutici S.p.A., Titan Pharmaceuticals, Inc., BioDelivery Sciences International, Inc., Alkermes and Indivior PLC among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Global Opioid Withdrawal Syndrome (OWS) Market is segmented based on therapy and country. The industry trends in the global opioid withdrawal syndrome (OWS) market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Opioid Withdrawal Syndrome (OWS) Market:
By Therapy segment of the Global Opioid Withdrawal Syndrome (OWS) Market is sub-segmented into:
By Country segment of the Global Opioid Withdrawal Syndrome (OWS) Market is sub-segmented into:
Opioids are a class of drugs that are commonly prescribed to treat pain. Opioids include both opiates (drugs derived from the opium poppy, including morphine, codeine, heroin and opium) and synthetic opioids like hydrocodone, oxycodone and methadone which have similar effects.
Opioid withdrawal syndrome is a life-threatening condition resulting from opioid dependence. Opioids are a group of drugs which produce mental relaxation, pain relief and euphoric feelings. Chronic use of opioids leads to the development of an incapacitating form of dependence in users.
Common signs of opioid withdrawal include anxiety, restlessness, insomnia, vomiting and others.
The global opioid withdrawal syndrome (OWS) market is studied from 2018-2030.
Only one non-opioid drug, Lucemyra has received an FDA approval till date.
The growth rate of the global opioid withdrawal syndrome (OWS) market is 10.4%, with an estimated value of US$ 2,633.4 Million by 2030.
US held the major share in terms of revenue in the global opioid withdrawal syndrome (OWS) market in 2021.
Factors such as increasing cases of opioid addiction and increasing engagement by private and public institutions drives the growth in the global opioid withdrawal syndrome (OWS) market.
Adverse side effects of opioids are a restraining factor which inhibits the growth of the global opioid withdrawal syndrome market during the forecast period.
Buprenorphine holds the largest market share in 2021 as it has long half-life, high potency and ceiling effect’ for both euphoric sensation and adverse effects make it an optimal treatment alternative for patients presenting to the ED with opioid withdrawal.
The diagnosis and treatable OWS cases are continuously increasing in the Germany. Opioid therapy in the treatment of chronic pain conditions in Germany is highly considered.
Family services, child care services, vocational services, mental health services, medical services, educational services, HIV/AIDS services, legal services, financial services, housing /transportation services.
The key players operating in the market include US Worldmeds LLC, Aphios Corporation, Chiesi Farmaceutici S.p.A., Titan Pharmaceuticals, Inc., BioDelivery Sciences International, Inc., Alkermes and Indivior PLC among others.
LOOKING FOR COMPREHENSIVE MARKET KNOWLEDGE? ENGAGE OUR EXPERT SPECIALISTS.
SPEAK TO AN ANALYST