The global morphine market is estimated to grow at a CAGR of around 7% during the forecast period. Morphine is one of the medication which consist of various natural opiate components from plants and animals. It decreases the pain, both acute and chronic pain by impacting directly on central nervous system (CNS).
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Global Morphine Market, Size, Share, Analysis Report &
Forecast to 2026
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The global morphine market is anticipated to showcase considerable growth during the forecast period.
The increase in the number of product launches by the key market players is a key factor driving the
growth of the global morphine drug market. Morphine is a kind of drug given to the patient in the form
of capsules and tablets by mouth and injection through the skin. The opioid is a more effective treatment
used in pain management to offer general and palliative care. Rising in legal approvals of opioids or opium
for developing medicines in different under-developed nations by the government is one of the key
opportunities for new and for existing players as well to expand their business across the globe.
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In November 2018, the Food and Drug Administration (FDA) approved the R&D of morphine drug to
develop new opioid painkiller. One of the novel product is Dsuvia is one of the morphine drug used by
medical professionals under restricted regulations that are prescribed for emergency cases, in surgical
operations by hospitals. Dsuvia dosage only prescribed when the patient is incapable to swallow the
medicine. Sun Pharmaceutical Industries Ltd., Vertice Pharma LLC, Purdue Pharma LP, Rhodes
Technologies LP, Teva Pharmaceutical, Mallinckrodt LLC, Allergan Plc, Hikma Pharmaceuticals Inc., Endo
Pharmaceuticals Inc., Egalet Corp., and so on are the key players operating in the global morphine market.
These players are actively engaged in making new product launches which in turn is driving t