Narcotics Analgesics Market –Drivers
Increase in the research fornarcotics analgesics drugs is projected to rise the growth of global NarcoticsAnalgesics Market during the forecasted period. For instance, a phase IIIclinical study by Loma Linda University is undergoing for drug Narco. Theobjective of the study is to evaluate patient pain level in the immediatepost-operative period and quantify pain medication usage in patients whoundergo outpatient Ear, Nose, and Throat (ENT) surgeries. The study was startedin February 2018, and is estimated to complete in January 2019.
Furthermore, Temple Universityalong with AstraZeneca is undergoing clinical phase II study to assess theeffect of opioids on esophageal motility. The study found that chronic opioidusers are suffering with esophageal motor dysfunctioning. This study willexplore the safety and tolerability of MOVANTIK (Naloxegol) and is expected toimprove opioid- induced esophageal motility disorders. The study was started inJanuary 2017 and is expected to complete in January 2020.
Narcotics analgesics alsoidentified as opioids are the medications that imitate the activity ofendorphins, elements produced by the body to regulate pain. Opioids are used totreat acute pain associated with surgery and other medical procedures, as wellas for persistent (chronic) and advance pain. They are also used to induceanesthesia, cough syrups, and to suppress diarrhea. These drugs are offered viaprescription only. Since opioids are addictive and may result in fataloverdose, thus sue of narcotics analgesics is strictly regulated by thegovernments.
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Narcotics Analgesics Market –Restraint
Shortages of narcotics analgesicsmedications is likely to alter the growth of narcotics analgesics market. Forinstance, according to the Drug Enforcement Administration (DEA) of U.S.February 2018, hospitals and other healthcare providers in U.S. are currentlyfacing critical shortages of a number of injectable opioid medications,including morphine, hydromorphone, and fentanyl. Injectable opioids arecritical to treating the pain needs of patients undergoing interventionalprocedures such as cardiac catheterization and surgeries. Diminished supply ofthese critical drugs, can lead to less efficient pain control for patientssince opioid analgesics are highly potent in pain control.
Narcotics Analgesics Market –Regional Analysis
On the basis of region, theglobal narcotics analgesics market is segmented into North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa.
Geographically, North America islikely to lead in the global narcotics analgesics market owing to rising misuseof opioid analgesics. For instance, according to the Federal Government ofU.S., in 2015, 8.5 million people i.e. 3% of the population of U.S. misusedopioid painkillers in 2015, and 2.5 million were addicted to either painkillersor heroin in 2015. Moreover, More than 33,000 people died from overdoses ofopioid drugs in 2015.
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Europe region is also expected toperceive extensive growth in global narcotics analgesics market since fewcountries in the European Union are misusing prescription opioid analgesics asnormal pain killers which is not advisable since these are habit forming drugs.For instance, according to BMC Psychiatry journal August 2016, Spain had thehighest use of opioids for non-medical purposes, and Great Britain had thesecond-highest opioid users.
The key players operating innarcotics analgesics market include, Pfizer Inc., Teva Pharmaceuticals,Allergan plc, BioDelivery Sciences International, Inc., Endo Pharmaceuticals,Inc., Akron, Inc., UCB, Inc., Endo Pharmaceuticals Inc., Sun PharmaceuticalIndustries Ltd., Boehringer Ingelheim GmbH, and Janssen Pharmaceuticals, Inc.
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