The global oxycodone drug market is estimated to grow at a moderate CAGR during the forecast period. Oxycodoneis an opioid medication. It comes in tablet shape or liquid formation. It is used for the treatment of moderate to severe pain. Mainly, it is used orally, also it is injected through muscles, veins, rectum, vagina, and anal. Oxycodone comes under prescribed drugs. Oxycodone is similar to a group of natural substances in the brain called endorphins. These substances work to decrease the pain messages that the body sends to the brain. By mimicking these substances, oxycodone decreases the amount of pain the brain thinks. The oxycodone market is driven by an increase in the number of patients suffering from terminally ill diseases, such as cancer and HIV, and a surge in the prescription of post-operative pain medication.
Increasing numbers of Parkinson’s syndrome patients are propelling the growth of the global oxycodone market. Also, the growing demand for oxycodone drugs for pain relief for the rheumatic and cancer patients is to drive the market. To relieve the post-operation pain, oxycodone is used extensively, this factor also driving the growth of this market. Liquid intravenous and intramuscular oxycodone drugs are also used for anesthesia during the surgical operation. New oxycodone drug developments and innovation in this market are the opportunities for the future growth of the global oxycodone drug market. Also, many countries' government initiatives are to drive the market in the future. Moreover, the US FDA is encouraging the drug manufacturer to come up with less addictive oxycodone drugs.
Excessive use of oxycodone drugs may lead to an addiction, this is the main restraining factor of the global oxycodone drug market. The overdose of opioids leads to death. In 2017, in the US nearly 72,000 people died due to drug overdose, out them 49,000 people died due to opioids drug overdose. Almost 66% of the drug overdose deaths in 2017 involved an opioid. On average, 115 Americans die per day from opioid abuse. Moreover, various side effects such as nausea and vomiting, constipation, headache, dizziness, lightheadedness, drowsiness, weakness or lack of energy, dry mouth, severe itching, sweating, trouble falling or staying asleep, itching of the skin are drowning the growth of the global oxycodone drug market.
Global Oxycodone Drug Market by Application
· Pain Management
· Addiction Management
· United States
· Rest of Europe
· Rest of Asia-Pacific
Rest of the World
· Allergan PLC
· Endo Pharmaceuticals, Inc.
· Grunenthal GmbH
· Hikma Pharmaceuticals USA, Inc.
· Janssen Pharmaceuticals, Inc. (A Johnson & Johnson Subsidiary)
· Pfizer, Inc.
· Purdue Pharma L.P
· Sanofi-Aventis S.A.
· Sun Pharmaceutical Industries Ltd.
· Teva Pharmaceutical Industries Ltd.
· Vistapharm Inc.
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