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Regions are divided into North America, Europe Cheap Ray Allen Shirt , Asia Pacific, and the RoW (Rest of the World). Opioid Induced Constipation Treatment Market Will be Worth US$4.8 bn by 2023
by Metcarl · January 17, 2019
Global Opioid Induced Constipation Treatment Market: Snapshot
There are multiple drugs in the pipeline for opioid induced constipation treatment. Upon approval Cheap Kareem Abdul-Jabbar Shirt , these drugs will face little competition in this market which is largely untapped. There have not been many stable choices in the pharmaceutical industry for opioid induced constipation treatment over the recent past, but the continuous approval rate of highly targeted drugs is expected to provide a strong push to this market鈥檚 growth rate. This includes the PAMORA drugs that help treat OIC without intervening in the opioid鈥檚 action on the patient.
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The number of patients suffering from opioid induced constipation is increasing across the globe. Close to 100 mn U.S. patients in 2013 were suffering from OIC, according to the American Academy of Pain Medicine. They added that this number is expected to increase as the number of people consuming opioid drugs increases. With a growing awareness of the commercial availability of a large variety of opioid drugs Cheap Glenn Robinson Shirt , people have resorted to using them for longer terms to treat chronic pains. This growing number of OIC patients 鈥?especially in North America 鈥?is expected to further drive the demand for opioid induced constipation treatment.
There is, however, the competition that opioid induced constipation treatment providers face from standard laxatives. Most healthcare organizations still consider standard laxatives as the first line of treatment for OIC. Additionally Cheap Oscar Robertson Shirt , the long term adverse effects of opioid induced constipation treatments have not completely been documented.
All in all, the global market for opioid induced constipation treatment is expected to be valued at US$731.2 mn by the end of 2016. Owing to a whopping CAGR of 31.2% from 2015 to 2023, this revenue is expected to reach US$4.8 bn by 2023.
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North America Consumption of OIC Treatment Trumps Other Regions
North America has always taken up a large chunk of the global consumption of opioid induced constipation treatment drugs. By the end of 2023 Cheap Khris Middleton Shirt , North America alone is expected to generate US$4.05 bn of the global revenue from opioid induced constipation treatments. This region also leads in terms of growth rate of demand, owing to the large percentage of population that consumes opioid drugs and suffers from OIC. This comes from a high number of patients that are suffering from chronic diseases and are resorting to opioids.
Additionally, the penetration of opioid induced constipation treatments is very low in other regions as compared to North America. This could be the reason for the high disparity of consumption rates between regions. At the moment Cheap Giannis Antetokounmpo Shirt , North America dominates in terms of opioid consumption. According to the ASIPP, the U.S. alone consumes close to 80% of the global supply of opioids.
Mu-opioid Receptor Antagonists to Overtake Chloride Channel Activators by 2023
Till the end of 2016, chloride channel activators are expected to be the more popular drug class of opioid induced constipation treatments. This trend will continue for the coming years Cheap Jabari Parker Shirt , but in time it is predicted that mu-opioid receptor antagonists will take the leading role among drug classes.