Opioid Induced Constipation Treatment Market Size Share Trends Forecast 2026
Opioid Induced Constipation Treatment Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
Opioids are medications that work on opioid receptors in order to generate morphine-like effects. These are mainly used therapeutically to relieve pain and are often abused by individuals addicted to them.
According to a report by National Center for Biotechnology Information, chronic pain is a persistent pain that lingers for 3 months or more. The occurrence of chronic pain in the population is 10–15%. In individuals with chronic non-cancer pain, the commonness of opioid induced constipation varies from 41% to 81%.
Rising number of patients using illegal medicines and deferred use of opioids in the therapy of chronic pain are some of the key factors driving growth of the opioid induced constipation (OIC) treatment market. Moreover, it has been observed that the untapped market for advantageous, successful and safe therapeutic solutions in OIC drug is extensive and developing at a fast pace, especially in developed regions.
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Prevalence of opioid induced constipation is rising considerably. According to the American Academy of Pain Medicine (AAPM), around 100 million patients in the U.S. suffered from opioid induced constipation in 2013. Furthermore, AAPM also estimated that the number of occurrences would rise, owing to the increase in the number of individuals taking opioid drugs.
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Some of the major companies operating in the opioid induced constipation treatment market in the current scenario are Daewoong Co. Ltd., Takeda Pharmaceutical Company Limited, Boehringer Ingelheim, Cosmo Pharmaceuticals, AstraZeneca plc, Abbott Laboratories, Valeant Pharmaceuticals, C.B. Fleet Company, Inc., and Bayer AG.
Key players in the market are focused on various business strategies such as gaining product approvals from regulatory authorities, in order to expand their product portfolio. For instance, in December 2018, Shionogi BV, the European subsidiary of Shionogi & Co., Ltd, received approval for Symproic (naldemedine)
Major companies in the market are focused on various growth strategies such as merger and acquisition, in order gain competitive edge in the market.
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