Market Overview:
The global opioid pain patch market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic pain, rising geriatric population, and growing demand for minimally invasive therapies. In addition, technological advancements in opioid patches are also contributing to the growth of this market. However, stringent regulatory requirements and side effects associated with opioids are restraining the growth of this market. Based on type, the global opioid pain patch market is segmented into opioid patches and non-opioid patches. The non-opioid patches segment is expected to grow at a higher CAGR than the opioid patches segment during the forecast period from 2018 to 2030 owing to their fewer side effects as compared with opioids. Based on application, the global opioid pain patch market is divided into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominates this market due to increased use of opioids for managing postoperative or cancer-related pains in hospitals across regions worldwide.
Product Definition:
An opioid pain patch is a type of medication that is used to relieve pain. The patch is placed on the skin, and the medication is absorbed through the skin into the bloodstream. This type of medication can be helpful for people who have chronic pain, or for people who are recovering from surgery.
Opioid Patches:
Opioid patches are small adhesive devices that release the opioid drug into the patient's body. They are used to treat chronic pain, such as that caused by degenerative discs in the spine or arthritis. Opioid patches can be applied to different parts of the body including skin, rather than having to consume an entire dose of opioids which may not be comfortable for some patients.
Non-opioid Patches:
Non-opioid patches are used in the treatment of chronic pain. They work by releasing chemicals into the skin which then binds to opioid receptors, producing a therapeutic effect. The non-opioid patch works on the same mechanism as that of an opioid drug; however, it does not produce morphine like effects and has lesser chances of becoming addicted to it.
Application Insights:
The acute pain segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing prevalence of chronic pain disorders, which are often treated with opioids, is expected to be a major factor driving the segment growth. According to a study published in NCBI in 2018, it was found that around 60-80% of patients suffering from chronic non-cancer pain were taking opioid medication on a daily basis.
Furthermore, according to data published by IASPAN in 2018 regarding patient demographics for 2016 and 2015 states that majority of patients suffering from chronic non-cancer pains are between 18 - 64 years age group while those aged 65 years or above accounted for 15% of total population using acute pain services during the same year. These factors indicate high incidence rate as well as prevalence rate for chronic non-cancer pains which may be treated with opioid analgesic patches thus supporting segment growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to a rise in the number of opioid-related deaths and an increase in demand for opioid patches. In addition, factors such as high healthcare expenditure, well-established healthcare infrastructure and high awareness levels among patients are also expected to drive growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast years due to various factors such as increasing per capita income, rising medical tourism and initiatives taken by governments for improving public health systems. Moreover, economic development coupled with improvements in living standards has led people from middle income groups seeking treatment at hospitals or private clinics instead of self-medicating at home resulting into increased demand for pain patch products among patients from emerging countries like China & India thus fueling regional growth significantly over past few years.
Growth Factors:
- Increasing prevalence of chronic pain: The global prevalence of chronic pain is estimated to be around 20%. This number is expected to grow as the population ages. Opioid pain patches are an effective treatment for chronic pain and are likely to see increasing demand in the coming years.
- Rising awareness about opioid patches: There is a growing awareness among patients and healthcare professionals about the benefits of opioid patches for treating chronic pain. This is likely to lead to increased demand for these products in the coming years.
- Growing use of opioids in palliative care: Opioids are increasingly being used in palliative care settings as they provide relief from severe or intractable pain. This is likely to drive growth for the opioid patch market in the coming years.
- Technological advancements: The development of new and innovative opioid patches that provide better relief from pain is likely to spur growth for this market in the coming years..5 Increased focus on abuse-deterrent formulations: There has been a growing focus on developing abuse-deterrent formulations of opioids in order to curb their misuse and addiction potential
Scope Of The Report
Report Attributes
Report Details
Report Title
Opioid Pain Patche Market Research Report
By Type
Opioid Patches, Non-opioid Patches
By Application
Hospital Pharmacies, Retail Pharmacies, Online pharmacies
By Companies
Viatris, Johnson & Johnson Services, Teva Pharmaceutical Industries, Sanofi, Hisamitsu Pharmaceutical, GlaxoSmithKline, Novartis, Nichiban, Teikoku Seiyaku, Mentholatum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Opioid Pain Patche Market Report Segments:
The global Opioid Pain Patche market is segmented on the basis of:
Types
Opioid Patches, Non-opioid Patches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital Pharmacies, Retail Pharmacies, Online pharmacies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Viatris
- Johnson & Johnson Services
- Teva Pharmaceutical Industries
- Sanofi
- Hisamitsu Pharmaceutical
- GlaxoSmithKline
- Novartis
- Nichiban
- Teikoku Seiyaku
- Mentholatum
Highlights of The Opioid Pain Patche Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Opioid Patches
- Non-opioid Patches
- By Application:
- Hospital Pharmacies
- Retail Pharmacies
- Online pharmacies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Opioid Pain Patche Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Opioid pain patches are a type of medication that is used to relieve pain. They are placed on the skin and release opioids into the body. Opioid pain patches work by blocking nerve impulses, which reduces the amount of pain felt.
Some of the key players operating in the opioid pain patche market are Viatris, Johnson & Johnson Services, Teva Pharmaceutical Industries, Sanofi, Hisamitsu Pharmaceutical, GlaxoSmithKline, Novartis, Nichiban, Teikoku Seiyaku, Mentholatum.
The opioid pain patche market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Opioid Pain Patche Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Opioid Pain Patche Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Opioid Pain Patche Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Opioid Pain Patche Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Opioid Pain Patche Market Size & Forecast, 2020-2028
4.5.1 Opioid Pain Patche Market Size and Y-o-Y Growth
4.5.2 Opioid Pain Patche Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Opioid Patches
5.2.2 Non-opioid Patches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital Pharmacies
6.2.2 Retail Pharmacies
6.2.3 Online pharmacies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Opioid Pain Patche Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Opioid Pain Patche Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Opioid Patches
9.6.2 Non-opioid Patches
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital Pharmacies
9.10.2 Retail Pharmacies
9.10.3 Online pharmacies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Opioid Patches
10.6.2 Non-opioid Patches
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital Pharmacies
10.10.2 Retail Pharmacies
10.10.3 Online pharmacies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Opioid Patches
11.6.2 Non-opioid Patches
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital Pharmacies
11.10.2 Retail Pharmacies
11.10.3 Online pharmacies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Opioid Patches
12.6.2 Non-opioid Patches
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital Pharmacies
12.10.2 Retail Pharmacies
12.10.3 Online pharmacies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Opioid Patches
13.6.2 Non-opioid Patches
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital Pharmacies
13.10.2 Retail Pharmacies
13.10.3 Online pharmacies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Opioid Pain Patche Market: Competitive Dashboard
14.2 Global Opioid Pain Patche Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Viatris
14.3.2 Johnson & Johnson Services
14.3.3 Teva Pharmaceutical Industries
14.3.4 Sanofi
14.3.5 Hisamitsu Pharmaceutical
14.3.6 GlaxoSmithKline
14.3.7 Novartis
14.3.8 Nichiban
14.3.9 Teikoku Seiyaku
14.3.10 Mentholatum
