Opioids Market Share

Regionally, the global opioids market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America industry is set to account for largest revenue share by 2036, impelled by a surging number of cancer patients. According to the data released by the Centers for Disease Control and Prevention (CDC) in 2018, the United States reported 436 new cancer cases for every 100,000 people. Moreover, opioids are also utilized by patients with chronic pain. The other data released by the CDC states that 20.4% of adults had chronic pain in the year 2019. Furthermore, the North America region has a well-established healthcare infrastructure. On account of this, the North America region is projected to witness significant growth over the forecast period.

Moreover, the global opioids market is estimated to witness noteworthy growth during the forecast period in the Europe region on the back of the presence of a large geriatric population in the region. According to the data released by Eurostat, the population of people aged 65 or more in Europe will reach up to 129.8 million by 2050. Furthermore, the region has flexible government guidelines and has state-of-the-art healthcare infrastructure. On account of this, the market is expected to grow over the forecast period.