Morphine Market Trends

Growth Drivers

• Expansion of Geriatric Population –. Morphine is widely used as a pain management medication in severe pain. The mostly old population suffers from these kinds of diseases and demands morphine as a pain-relieving medicine.
• Increasing Support by Government for Opioid Use - Now that governments are also legalizing the use of opioids, increased government support for morphine use in the medical sector, especially in emerging markets, is anticipated to provide lucrative growth opportunities in the predicted period.
• High Demand in Pharmaceutical Sector - It is used in the pharmaceutical industry to develop new drugs due to its multiple properties such as appetite stimulation, inflammation relief, nausea relief, epileptic seizure control, and treatment of psychiatric disorders. According to the Congressional Budget Office, the new drugs approved for sale raised by 60 percent between 2010 and 2019 in the United States.

• Escalating Presence of Musculoskeletal Disorder – The prevalence of musculoskeletal diseases is at a high rate across the globe which further is expected to raise the demand for its medication thus driving the morphine market growth in the estimated period. Approximately 1.71 billion people worldwide suffer from musculoskeletal disorders, as per the February 2021 report by WHO. 

Challenges

• Concern Regarding the Misuse of Morphine – Morphine is a type of drug that can become addictive if used for a long period of time or in high quantity. Few individuals might use morphine as the mode of addiction and it becomes very difficult to get over this addiction. Therefore, when it becomes addiction people start misusing this morphine medication and it becomes harmful to an individual’s health. This is estimated to pose a limitation on the morphine market expansion in the upcoming future.  
• Production Challenges
• Standards Put Forward by Government