Global Oxycodone Hydrochloride Market Size To Exceed USD 624.8 Million By 2033 | CAGR of 4.29%
Category: HealthcareGlobal Oxycodone Hydrochloride Market Size To Exceed USD 624.8 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Oxycodone Hydrochloride Market Size Expected to Grow from USD 410.5 Million in 2023 to USD 624.8 Million by 2033, at a CAGR of 4.29% during the forecast period 2023-2033.
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Browse key industry insights spread across 237 pages with 122 Market data tables and figures & charts from the report on the "Global Oxycodone Hydrochloride Market Size, Share, and COVID-19 Impact Analysis, By Type (Controlled-Release, Immediate-Release), By Route of Administration (Oral, Parenteral), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/oxycodone-hydrochloride-market
Oxycodone hydrochloride is a prescription opioid analgesic used to manage moderate to severe pain. It is typically used after surgeries or injuries and is categorized as a narcotic analgesic, which operates through the central nervous system to alter how the brain perceives pain. Oxycodone hydrochloride is available in both IR and ER forms for more flexible pain management. The oxycodone hydrochloride market is being driven by increased global demand for pain management, particularly chronic and post-surgical diseases. Other major reasons include increasing healthcare access, advances in drug formulation, and a greater emphasis on safer opioid alternatives. The ageing population, as well as increased knowledge of pain treatment solutions, are driving industry expansion and innovation. However, public health activities targeted at lowering opioid abuse and altering prescribing practices can hinder market expansion.
The controlled-release segment is expected to hold the largest share of the global oxycodone hydrochloride market during the projected timeframe.
Based on type, the global oxycodone hydrochloride market is categorized as controlled-release, immediate-release. Among these, the controlled-release segment is expected to hold the largest share of the global oxycodone hydrochloride market during the projected timeframe. This is due to its longer pain relief, particularly for chronic pain patients, increased safety by lowering the danger of misuse and overdose, the regulatory body's concentration on safer formulations, and the desire for long-acting pain management.
The oral segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the route of administration, the global oxycodone hydrochloride market is categorized as oral, parenteral. Among these, the oral segment is expected to grow at the fastest CAGR during the projected timeframe. The most popular and convenient manner of consuming oxycodone is through oral administration, which includes tablets and capsules. It is the preferred choice for both immediate-release and controlled-release formulations due to its convenience, patient compliance, and effective pain management.
The hospital pharmacies segment is expected to hold the largest share of the global oxycodone hydrochloride market during the projected timeframe.
Based on the distributor channel, the global oxycodone hydrochloride market is categorized as hospital pharmacies, retail pharmacies, and online pharmacies. Among these, the hospital pharmacies segment is expected to hold the largest share of the global oxycodone hydrochloride market during the projected timeframe. This is because pain management in hospitals is in high demand, particularly among surgery and chronic patients. For those patients, hospitals become the primary provider of opioid prescriptions, such as oxycodone, increasing their market dominance.
North America is projected to hold the largest share of the global oxycodone hydrochloride market over the forecast period.
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North America is projected to hold the largest share of the global oxycodone hydrochloride market over the forecast period. This is primarily because of the high demand for pain relief, particularly in the United States, where oxycodone is frequently given for chronic and postoperative pain. Advanced healthcare infrastructure, a large ageing population, and growing healthcare expenditure all contribute to North America's market supremacy.
Asia Pacific is expected to grow at the fastest CAGR growth of the global oxycodone hydrochloride market during the forecast period. Growth is being driven by improved healthcare access, an ageing population, and increased awareness of pain management, particularly in nations such as China, India, and Japan.
Major vendors in the global oxycodone hydrochloride market are OLVEA Group, Mibelle AG, P2 Science, Inc., RAHN AG, Hair O'right International Corporation, Lignopure GmbH, SOPHIM, Innomost, Givaudan SA, Symrise, Cargill, Incorporated, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In October 2024, the US FDA has recently approved Roxybond (oxycodone hydrochloride) 10mg for the treatment of severe pain that requires an opioid analgesic and where non-opioid therapies are ineffective.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global oxycodone hydrochloride market based on the below-mentioned segments:
Global Oxycodone Hydrochloride Market, By Type
- Controlled-Release
- Immediate-Release
Global Oxycodone Hydrochloride Market, By Route of Administration
- Oral
- Parenteral
Global Oxycodone Hydrochloride Market, By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Oxycodone Hydrochloride Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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