Global Medical Morphine Market Size, Share, Forecast Report, 2020-2027

The medical morphine market is expected to register a CAGR of 7.5% during the forecast period of 2018–2023. The global medical morphine market is majorly driven by the increasing prescription of painkillers for different illnesses such as arthritis, cardiovascular disorders and cancer, growing older population leading to the rising patient population, and growing penetration by market players. For instance, according to the American Heart Association, in 2014, one in every three deaths in the U.S. was due to cardiovascular disorders. Similarly, cardiovascular disorders had claimed over 801,000 lives in 2014 in the U.S. Additionally, the increasing use of painkillers to relieve pain in postoperative surgeries is likely to drive the growth of the morphine market globally. However, addiction to morphine leading to drug abuse is likely to hamper the growth of the market. Likely the limited regulatory scenario is also expected to turn as a challenge for the market.

Market Segmentation

The global medical morphine market has been segmented by route of administration, application, distribution channel, end-user, and region. Further, the market by route of administration is segmented into oral and injectables. Based on application, the market is segmented into arthritis, cancer, myocardial infarction, kidney stones, diarrhea, and others. With reference to distribution channel, the market is segmented into hospital pharmacy, retail pharmacy, online pharmacy, and others. On account of end-user, the market is segmented into hospitals and clinics, home care, and ambulatory surgical centers. Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. The American region is segmented into North America and South America. Similarly, Europe is segmented into Western Europe and Eastern Europe.

Market Segmentation & Key players

Medical Morphine Market, by Route of Administration

• Oral
• Injectables
• Others

Medical Morphine Market, by Application

• Arthritis
• Cancer
• Myocardial infarction
• Kidney stones
• Diarrhea
• Others

Medical Morphine Market, by Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

Medical Morphine Market, by End-User

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Homecare
• Others