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Medical Marijuana Market Is Projected To Reach $55.8 Billion By 2025: Grand View Research, Inc.

 

The global medical marijuana market is expected to reach a value of USD 55.8 billion by 2025, according to a new report by Grand View Research, Inc. It has been identified that, in 2016, Washington D.C. along with 28 states have legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years.

The presence of several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act is indicators of the present demand for the drug in the market. The regulatory framework requires every individual or the company associated such as growers, retail operators, and makers of processed pot products to obtain permission and an annual state license from 2018. An increasing number of issued licenses is also among factors that is expected to drive the market especially after 2018.

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U.S. medical marijuana market by application, 2013 – 2025 (USD Billion)

The increasing interest amongst the academic researchers and healthcare providers regarding the therapeutic uses of marijuana is among the significant factors, which is driving the market over the coming years. Some of its potential therapeutic values are suppression of vomiting & nausea, pain relief, and appetite stimulation. In addition, research states that marijuana is effective in providing relief to the patient suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis. The growing number of therapeutic applications of the drug is one of the key factors that is propelling the market over the forecast period.

Browse full research report on Medical Marijuana Market: www.grandviewresearch.com/industry-analysis/medical-marijuana-market                      

Further key findings from the study suggest:                     

  • In 2015, chronic pain was the largest application segment owing to the presence of a huge patient base
  • The growing prevalence of chronic pain elevates the demand for the drug, thus expected to boost the medical marijuana for chronic pain management
  • The rapidly growing number of cannabis legalization in the U.S. is one of the key attributes for its increased demand in therapeutic and recreational uses, and thus anticipated to impel the market growth
  • Increasing investment in R&D & demand for cannabis in chemotherapy is expected to drive the growth in the Asia Pacific market
  • Some of the key players are Cara Therapeutics Inc.; CannaGrow Holdings, Inc.; Cannabis Sativa, Inc.; United Cannabis Corporation; GrowBlox Sciences, Inc.; GW Pharmaceuticals, plc; Lexaria Corp; International Consolidated Companies, Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/pharmaceuticals                                                                                                                                                                   Grand View Research has segmented the medical marijuana market by application and region:

Application Outlook (Market Revenue in USD Million, 2013 – 2025)

  • Chronic Pain
  • Arthritis
  • Migraine
  • Cancer
  • Others

Regional Outlook (Market Revenue in USD Million, 2013 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Belgium
    • Croatia
    • Finland
    • France
    • Italy
    • Netherlands
    • Portugal
    • Romania
    • Switzerland
    • Czech Republic
    • Estonia
  • ROW
    • Israel

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-medical-marijuana-market                                                                                                                                              

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Saffron Market Is To Be $2.0 Billion By 2025: Grand View Research, Inc.

 

The global saffron market is expected to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising product use in food applications as a flavoring and coloring agent will augment growth over the next nine years.

The product is being employed in medical applications to treat dry skin, cough, and asthma. Rising demand from the pharmaceutical sector on account of its antioxidant, anti-inflammatory, anti-tumor, and anti-diabetic properties is expected to have a positive impact on the industry. Growing popularity as an herbal health supplement is expected to propel product growth over the next nine years.

Rising product use in the treatment of acne, tan removal, and other skin related issues, is expected to fuel its need in the manufacturing of skin care products which in turn will fuel demand.

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U.S. saffron market revenue, by application, 2014 – 2025 (USD Million)

Increasing product use in textile and paint applications on account of properties such as oriental fragrance, natural color dyeing, and replacement of chemical color pigment respectively will propel industry development. Expansion of the perfume sector in Middle East & Africa and Asia Pacific is expected to propel product need over the next nine years.

The saffron market is a labor intensive sector along with specific agro-climatic condition requirements, which imply high production costs which in turn impact product prices. This factor may restrain industry development over the forecast period.

Browse full research report on Saffron Market: www.grandviewresearch.com/industry-analysis/saffron-market                     

Further key findings from the study suggest:                     

  • The market is expected to grow at a CAGR of 12.0% from 2016 to 2025 on account of increasing use in the food sector
  • Food as an application of the product will witness the fastest growth in terms of revenue at a CAGR of over 13% from 2016 to 2024 owing to its flavoring and coloring properties
  • Europe market is expected to witness significant development and was estimated at over USD 250 million in 2015 on account of rising demand from the food and healthcare sector
  • Key participants include Gohar, Rowhani., Iran Saffron Company, and Saffron Business Co.
  • Key companies are focused on increasing their global presence through the integration of supply chain.
  • In January 2017, Rowhani revised its product manufacturing schedule to implement mechanization and use scientific research to enhance product quality

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances                                                                                                                                                                   Grand View Research has segmented the global saffron market on the basis of application and region:

Saffron Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Food
  • Medical
  • Cosmetics
  • Others

Saffron Regional Outlook (Volume, Tons, Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
  • South & Central America
    • Brazil
  • Middle East & Africa
    • Iran
    • UAE
    • Saudi Arabia

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-saffron-market                                                                                                                                             

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Pet Care Market Is Anticipated To Grow At A 4.9% from 2014 to 2025: Grand View Research, Inc.

 

The global pet care market is expected to reach USD 202.6 billion by 2025, according to a new report by Grand View Research, Inc. Rise in the adoption of pets and growing demand for premium care products are few factors expected to drive market growth.

Advances in technology are making boarding, grooming, and training facilities more easily accessible to the owners. According to Wakefield Research, 69% of millennials are likely to use technology to keep track of their pets. Apps are allowing owners to monitor health habits, nutritional intake, and playtime. Built-in calendars alert owners to routine care provided by pet care services companies. More millennials and others are embracing the latest innovations in technology related to caring for their pets, including pet cams and automated feeders

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Mobile device apps such as Wag and DogVacay help owners conveniently connect with pet walkers and sitters. Finding Rover uses facial recognition to unite lost pets and their owners. The services industry can anticipate continued innovation.

Enticed by lower start-up costs than maintaining a brick-and-mortar business, more groomers are getting into mobile grooming on their own or through franchises. Mobile groomers typically advertise through veterinary offices and local pet shops.According to estimates of the American Pet Products Manufacturers Association, Americans will spend USD 5.4 billion on pet grooming and boarding services in 2017.

Larger services providers such as retailers PetSmart and PETCO run regular marketing campaigns through use of print, broadcast, digital, and social advertising platforms. Smaller providers rely on word-of-mouth. Mobile groomers advertise with company vans and promote their businesses through retailers and veterinarians.

Browse full research report on Pet Care Market: www.grandviewresearch.com/industry-analysis/pet-care-market                      

Further key findings from the study suggest:                     

  • The global pet care market size was estimated at USD 131.7 billion in 2016 and is expected to grow with CAGR of 4.9% from 2016 to 2025
  • Based on type, dogs held the largest market share owing to increase in the adoption of dogs and health benefits associated with them.
  • Cats are anticipated to witness lucrative growth over the forecast period. Cats help reducing stress and anxiety, decrease risk of stroke and require less training.
  • The pet food segment was estimated to be the largest product segment due to growing demand for premium food products and natural & organic products.
  • Boarding and grooming services segment is anticipated to witness fastest growth over the forecast period owing to advances in technology, making boarding, grooming, and training more easily accessible for the owners
  • U.S. held the largest share in market in 2016 due to rising animal healthcare expenditure and growing awareness of animal health in the country.
  • India is anticipated to witness lucrative growth over the next decade due to increase in adoption of pets and rising disposable income.
  • Some of the key players including PetSmart Inc., PetCo Animal Supplies, Inc., Nestle, Just for Pets and Ancol dominated the pet care market in 2016.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/consumer-goods                        

Grand View Research has segmented the global pet care market on the basis of type, products and region:

Type Outlook (Market Revenue in USD Million, 2014 – 2025)

  • Dog
  • Cat
  • Fish
  • Bird

Product Outlook (Market Revenue in USD Million, 2014 – 2025)

  • Pet Food
  • Veterinary Care
  • OTC/Supplies
  • Live Animal Purchase
  • Pet Boarding/Grooming

Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • India
    • Japan
  • Latin America
    • Brazil

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-pet-care-market                                                                                                                                              

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Need For Changing The Promotional Gimmicks Is Driving The Adoption Of Digital Signage In The Healthcare Industry

 

The global digital signage market is predicted to attain USD 31.71 billion by 2025, as per a new study by Grand View Research, Inc. The market is expected to witness a CAGR of 7.9% over the forecast period, owing to increasing demand from end-use industries, which prominently include retail and healthcare, is anticipated to propel the industry growth over the forecast period.

The creation and distribution of content with digital signage are the effective promotional strategies for the enterprises, as they are able to reach out to a larger audience base. This is anticipated to spur the adoption of digitized marketing via signage across the corporate and hospitality sectors. Greater screen sizes, such as above 52-inch displays, are likely to gain popularity over the forecast period.

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Digital displays with 4K technology address the growing demand for sharp images. Software providers have been targeting new entrants by designing solutions compatible with Android OS. The emergence of IoT, coupled with increasing adoption of cloud computing, is expected to enable the collection of vital operational and marketing data. Digital signage help companies decrease their long-term operational costs by reducing the use of paper for advertising. Furthermore, the incorporation of LED-backlit panels has resulted in considerable energy savings.

Digital displays equipped with 4K technology have high demand as they offer enhanced sharp images for displays. Thus, the demand for advertising content with better sharpness and enhanced quality is fueling the adoption of digital signage. The adoption of advanced display technologies is therefore likely to propel the market growth.

Furthermore, the software providers are focusing on the new entrants of the digital signage industry by providing design solutions that are compatible with the Android operating systems. The use of digital signage helps in optimizing and reducing the company’s long-term operational spending. This drop in the operational expenditure is due to avoiding the use of paper for advertisement purposes and frequent damages and changes that are associated with the traditional marketing activities.

The incorporation of LED-backlit panels has led to additional energy savings at a considerable level. Thus, the reduction in energy consumption due to the adoption of advanced technologies, such as LED, in digital signage is luring the enterprises to opt for digital signage.

Browse full research report on Digital Signage Market: www.grandviewresearch.com/industry-analysis/digital-signage-market                    

Further key findings from the study suggest:                     

  • LCD digital signage dominated the global display market in 2016 and accounted for the largest market share, owing to the decline in prices and benefits provided by the LCD technology
  • Retail accounted for over 40% of the total revenue in 2015 and is projected to remain the highest revenue-generating segment over the next eight years
  • The healthcare sector has significant potential as hospitals have increasingly incorporated digital signage for numerous purposes such as sharing important registration information, display notifications, and conveying wellness tips for improving health of patients
  • The transparent LED screen segment is anticipated to exhibit significant growth, owing to LED screens’ energy-efficient performance capabilities
  • The hardware segment, which includes 8K and 4K-UHD displays, is projected to dominate the component segment
  • The North American region accounted for the largest market share in 2016, owing to the heavy demand of digital signage across various application sectors, on account of technological advancements and the modern customer base
  • The Asia-Pacific region is likely to witness a robust growth rate over the forecast period, owing to factors such as demand for better viewing experience, growing transportation sector, and decreasing prices of display panels
  • The out-store segment is anticipated to witness considerable growth over the forecast period due to the surging demand for out-store applications

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/display-technologies                                                                                                                                                                   Grand View Research has segmented the global digital signage market based on types, components, technologies, applications, locations, content categories, sizes, and regions:

Digital Signage Type Outlook (USD Million; 2014 – 2025)

  • Video walls
  • Video screens
  • Transparent LED screens
  • Digital posters
  • Kiosks
  • Others

Digital Signage Component Outlook (USD Million; 2014 – 2025)

  • Hardware
  • Software
  • Services

Digital Signage Technology Outlook (USD Million; 2014 – 2025)

  • LCD
  • LED
  • Projection

Digital Signage Application Outlook (USD Million; 2014 – 2025)

  • Retail
  • Corporate
  • Banking
  • Healthcare
  • Education
  • Transportation

Digital Signage Location Outlook (USD Million; 2014 – 2025)

  • In-store
  • Out-store

Digital Signage Content Category Outlook (USD Million; 2014 – 2025)

  • News
  • Weather
  • Sports
  • Health & Wellness
  • Vertically Oriented Content

Digital Signage Size Outlook (USD Million; 2014 – 2025)

  • Below 32 inches
  • 32 to 52 inches
  • More than 52 inches

Digital Signage Regional Outlook (USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-digital-signage-market                                                                                                                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Research Antibodies Market Expanding at CAGR of 6.1% from 2014 to 2025

 

The global research antibodies market size is expected to reach USD 4.30 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% during the forecast period. The market is predominantly driven by growing number of R&D collaborations among various public and private organizations to promote technical advancements in product development activities and disease progression studies. Consistent recommendations and guidelines issued by regulatory organizations for laboratories to facilitate generation of accurate results and ensure high-quality standards are slated to enhance adoption of research antibodies over the coming years. For instance, in May 2016, the International Society for Stem Cell Research issued revised guidelines for cell-based therapies. The revised guidelines were issued with a focus to improve overall efficiency and quality of preclinical studies.

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In addition, prominent market players are entering into partnership with R&D entities that are anticipated to open new avenues. In December 2016, Bayer AG and Versant Ventures collaborated to invest around USD 225.0 million for the establishment of a stem cell research facility in Canada to encourage commercialization of regenerative medicine therapies. Increasing prevalence of breast cancer and soaring need for personalized medicine is stirring up the demand for advanced techniques, which in turn is creating ample growth opportunities for the research antibodies market.

Browse full research report on Research Antibodies Market: www.grandviewresearch.com/industry-analysis/research-antibodies-market                    

Further key findings from the study suggest:                     

  • Primary antibodies were the most prominent product segment in 2016 owing to greater specificity leading to increased adoption in research activities. The segment is expected to account for more than 65.0% of the overall market revenue by 2025
  • On the basis of type, monoclonal antibodies captured substantial share of the market in 2016, owing to high sensitivity for detection of antigens and efficient staining properties with less background noise. The segment is anticipated to rise at a CAGR of 6.6% during the forecast period
  • Western blotting commanded the leading share in the market, due to benefits such as better immunogenic response from infectious agents and higher cost efficiency. The immunoprecipitation segment is estimated to post the highest CAGR of just over 7.0% during the same period
  • Mouse antibodies are relatively easier to produce and possess greater specificity, thus resulting in higher adoption in R&D and accounting for the largest market share in 2016.
  • Oncology accounted for over 36.0% of the overall revenue in 2016 as a consequence of growing cancer population
  • Pharmaceutical & biotechnology companies will be the leading end users of research antibodies owing to increased adoption in drug development and discovery. The segment is poised to represent more than 61.0% of the overall revenue by 2025.
  • Contract research organizations are likely to be the most promising end-user segment during the forecast period owing to greater cost efficiency
  • North America will continue to be the dominant revenue contributor throughout the forecast period owing to local presence of various biotechnology & biopharmaceutical manufacturers striving to compete in the market
  • Some of the key players in the global arena are Abcam PLC; Agilent Technologies; and Thermo Fisher Scientific, Inc. The research antibodies market is moderately consolidated and highly competitive due to low entry barriers.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/biotechnology                                                                                                                                                                    Grand View Research has segmented the global research antibodies market on the basis of product, type, technology, source, application, end-use, and region:

Research Antibodies Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Primary
  • Secondary

Research Antibodies Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Monoclonal Antibodies
  • Polyclonal Antibodies

Research Antibodies Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Immunohistochemistry
  • Immunofluorescence
  • Western Blotting
  • Flow Cytometry
  • Immunoprecipitation
  • ELISA
  • Others

Research Antibodies Source Outlook (Revenue, USD Million, 2014 – 2025)

  • Mouse
  • Rabbit
  • Goat
  • Others

Research Antibodies Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Infectious Diseases
  • Immunology
  • Oncology
  • Stem Cells
  • Neurobiology
  • Others

Research Antibodies End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • Academic & Research Institutes
  • Contract Research Organizations
  • Pharmaceutical & Biotechnology Companies

Research Antibodies Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    •  Canada
  • Europe
    • U.K.
    •  Germany
  • Asia Pacific
    • Japan
    • China
    •  India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/industry-analysis/research-antibodies-market                                                                                                                                           

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Increasing Government Regulations & Compliances To Trade Is Expected To Drive Trade Management Software Market Till 2025

The global trade management software market size is expected to reach USD 1.43 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.9% during the forecast period. Rapid changes in international trade regulations coupled with growing complexities of international trade and commerce are providing a fillip to the market.

In recent years, global exports have witnessed high growth owing to surge in consumer demand, changing demographics, and technological advancements. As a result, pressure on logistics and supply chain management is increasing, which is impelling businesses to adopt sophisticated technologies such as trade management software. As the software offers numerous advantages, including optimizing business processes, minimizing costs, and automating finance functions, the logistics and transportation industry is anticipated to adopt these solutions at a rapid pace.

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An important factor that has been instrumental in promoting the implementation of trade management software and services is the integrated compliance and regulatory functions. With growing international transactions and intermittent international security hurdles, the need for adherence to policies and procedures is increasing among business operators.

While transportation and logistics is one of the largest adopters of trade management software, industries such as aerospace & defense, manufacturing, and retail are also gaining traction. Ability of these systems to provide supply chain visibility, automate processes, and document management has been an important driver in the aforementioned sectors. However, transition from legacy systems to new technologies can deter the growth of the market.

Various industries are making high IT investments in order to keep up with changing technology landscape, due to which the market for trade management software is estimated to expand in the coming years. In addition, increasing adoption by small and medium businesses coupled with high potential offered by emerging economies are projected to shape the future of the market.

Browse full research report on Trade Management Software Market: www.grandviewresearch.com/industry-analysis/trade-management-software-market               

Further key findings from the study suggest:                     

  • North America accounted for the leading share in 2016 owing to presence of prominent players and strong performance of international trade in the region. The regional market is poised to represent more than one third of the overall revenue by 2025
  • Cloud is anticipated to become the preferred deployment option as it offers greater flexibility, convenience, accessibility, and easy maintenance. The segment is likely to exhibit a CAGR of over 10.0% during the forecast period
  • While the demand for software solutions is growing at a steady rate, the demand for supplementary services is expected to rise at a greater pace during the same period
  • Asia Pacific is anticipated to be the most promising region owing to increasing implementation of cloud-based technologies across various verticals. The region will post a CAGR of 11.6% during the forecast period
  • Despite availability of numerous software systems, many processes are still handled manually, hence segmenting the chances of errors. As a result, major vendors are likely to focus on automation and integration of different business processes.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/technology                                                                                                                                                                    Grand View Research has segmented the global trade management software market on the basis of component, deployment, end use, and region:

Trade Management Software Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Software
    • Trade Visibility & Execution Solutions
    • Compliance Solutions
    • Trade Financial Management Solutions
  • Services
    • Consulting
    • Support and Maintenance

Trade Management Software Deployment Scope (Revenue, USD Million, 2014 – 2025)

  • On-premise
  • Cloud

Trade Management Software End-use Scope (Revenue, USD Million, 2014 – 2025)

  • Energy
  • Government
  • Healthcare
  • Manufacturing
  • Retail
  • Transportation & logistics
  • Others

Trade Management Software Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-trade-management-software-market                                                                                                                                       

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Opioids Market Expanding at CAGR of 4.8% from 2014 to 2025

The global opioids market size is estimated to reach USD 34.96 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.8% during the forecast period. Growing geriatric population, coupled with increasing focus on palliative care, is estimated to boost the market. Moreover, increasing number of acquisitions and collaborations by market players is expected to drive growth.

Furthermore, rising prevalence of disease conditions with chronic pain, such as cancer, lower back pain, arthritis, and fibromyalgia is driving the market. Substantial rise in road accidents and trauma, coupled with constantly increasing cases of surgical procedures, is also driving demand for opioid-based pain management solutions.

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North America is leading the opioids market with a share of over 56.0% in 2016. One of the major reasons for its dominance is rising geriatric population with terminal conditions, such as rheumatoid arthritis. However, opioid abuse in U.S. has been rising at an alarming rate. Overdose of opioids has killed over 28,000 people in 2014 alone. Almost half of those deaths were caused by prescription opioids. Hence, opioid abuse has been declared a “public health emergency” in U.S., and this is likely to limit the growth of opioids in North America.

Browse full research report on Opioids Market: www.grandviewresearch.com/industry-analysis/opioids-market                   

Further key findings from the study suggest:                     

  • Extended release opioids were the largest product segment in 2016 due to its high usage in chronic pain management
  • Anesthesia is estimated to be the fastest growing application segment over the forecast period due to factors such as safety and high drug efficacy
  • Cancer pain was the largest pain relief segment in 2016 owing to global increase in prevalence of cancer
  • North America was the largest region in 2016 owing to local presence of key players and increasing adoption of opioids for pain management
  • Europe was the second-largest segment in 2016 due to factors such rising geriatric population
  • Asia Pacific is expected to witness fastest growth over the forecast period due to increase in geriatric population, coupled with increase in focus on palliative care
  • Some of the key players are Purdue Pharma L.P; West-Ward Pharmaceuticals Corporation; Allergan; Pfizer, Inc.; Janssen Pharmaceuticals, Inc.; Egalet Corporation; and Sun Pharmaceutical Industries Limited
  • Most key players are focusing on entering untapped regions and expanding their product portfolios.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare-it                                 

Grand View Research has segmented the global opioids market on the basis of product, application, and region:

Opioids Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Immediate-Release/Short-Acting Opioid
    • Codeine
    • Oxycodone
    • Hydrocodone
    • Fentanyl
    • Morphine
    • Hydroxymorphone
    • Oxymorphone
    • Propoxyphene
    • Other IR
  • Extended-Release/Long-Acting Opioid
    • Oxycodone
    • Hydrocodone
    • Methadone
    • Fentanyl
    • Morphine
    • Oxymorphone
    • Tapentadol
    • Buprenorphine
    • Hydromorphone
    • Other ER

Opioids Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Pain Relief
    • Cancer pain
    • Postoperative pain management
    • Low-back pain
    • Orthopedic
    • Neuropathic pain
    • Fibromyalgia
  • Anesthesia
  • Cough Suppression
  • Diarrhea Suppression
  • Deaddiction

Opioids Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-opioids-market                                                  

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com