The global morphine market is estimated to grow at a CAGR of around 7% during the forecast period. Morphine is one of the medication which consist of various natural opiate components from plants and animals. It decreases the pain, both acute and chronic pain by impacting directly on central nervous system (CNS). Morphine drug such as capsules and tablets can be given by mouth and injection through the skin. The tablets and capsules effects after an hour and whereas it took 20 minutes through injection and effect is for 3-4 hours. The usage of opioid analgesics or opium has been increasing in the research & development (R&D) due to its various benefits such as reduces pain, inflammation, and an increase in appetite, reduces nausea and lastly controls epileptic seizures. These benefits are contributing to the growing demand for morphine in pain management.
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Morphine drugs eliminate the risk of stroke by reducing heart rate, maintain blood pressure and venous return is driving the market growth. Moreover, change in lifestyle and increasing surgical procedures is also creating demand for morphine drug prescription after surgery. Due to the rise in older populations suffering from diseases such as cancer, arthritis, myocardial infarction are among others increases the demand for morphine drugs which is prescribed as a painkiller.
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Furthermore, rising in legal approvals of opioids or opium for developing medicines in different under-developed nations by the government is one of the opportunities for new and for existing players as well to expand their business globally. Moreover, intensive research & development (R&D) to develop novel medicines is also emerging as one of the opportunities in the global morphine market. However, strict rules & regulations and complex process framework hamper the global market growth.
Market Segmentation
Global Morphine Market by Type
• Injection
• Capsule
• Oral Tablets
Global Morphine Market by Application
• Cough Suppressant
• Diarrhea Suppressant
• Anesthesia
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Allergan PLC
• Alcaliber S.A.
• Daiichi Sankyo, Inc.
• Macfarian Smith, Ltd. (A Part of Johnson Matthey PLC’s Fine Chemicals Division)
• Mallinckrodt PLC
• Manus Aktteva Biopharma LLP
• Mylan N.V.
• Mayne Pharma Group, Ltd.
• Pfizer, Inc.
• Purdue Pharma LP
• Sanofi S.A.
• Sun Pharmaceuticals Industries, Ltd.
• Taj Pharmaceuticals, Ltd.
• Takeda Pharmaceutical Co. Ltd.
• Teva Pharmaceutical Industries, Ltd.
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