# The North America Synthetic Opioids Market is all set to be in the driver Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-25 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Transformative DevOps and AIOps in North America Synthetic Meta Description: Discover the latest findings and trends in the North America Synthetic Opioids market. Learn about key players, technology adoption, and market insights. URL: https://financedigest.com/the-north-america-synthetic-opioids-market-is-all-set-to-be-in-the-driverhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736836978999-compressed.jpg) The [North America Synthetic Opioids Market](https://www.persistencemarketresearch.com/market-research/north-america-synthetic-opioids-market.asp) is all set to be in the driver’s seat shortly. Technology adoption once looked upon as a costly endeavor, is slated to witness a drastic transformation in the form of granular applications. Technologies like DevOps and AIOps are constructively disrupting the healthcare IT sector and are expected to create wonders in this regard in the upcoming period. Demand for synthetic opioids continues to witness a decline in North America. According to a new research from Persistence Market Research, the **US$ 75 billion** synthetic opioids market will grow at a sluggish 2.4% during the period 2016-2024. Rising concerns about the addictive nature of **opioids**, combined with drug abuse has led to declining sales. According to the Centers for Disease Control and Prevention (CDC) around 33,000 Americans died from opioid overdose in 2015. **How About Looking Through The Sample Of North America Synthetic Opioids Market Report?** [**https://www.persistencemarketresearch.com/samples/15898**](https://www.persistencemarketresearch.com/samples/15898) [**Company Profiles**](https://www.financedigest.com/air-classifiers-market-trend-forecast-drivers-restraints-company-profiles-and-key-players-analysis-by-2029.html "Air Classifiers Market Trend, Forecast, Drivers, Restraints, Company Profiles And Key Players Analysis By 2029") - Purdue Pharma LP - Pfizer Inc. - Janssen Pharmaceuticals, Inc. - Teva Pharmaceuticals - Endo International plc - West-Ward Pharmaceuticals (Hikma’s US subsidiary) - Mallinckrodt Pharmaceuticals plc - Mylan N.V. - Impax Laboratories, Inc - Indivior Plc. **Get a Customized Scope to Match Your Need Ask an Expert-** [sales@persistencemarketresearch.com](mailto:sales@persistencemarketresearch.com) The agency also [reported that almost half](https://www.financedigest.com/european-governments-spend-half-a-trillion-euros-on-energy-crisis-report-2.html "European governments spend half a trillion euros on energy crisis – report") of non-cancer patients who have been prescribed opioids for a month are still dependent on the pills a year later. Further, side effects of synthetic opioids, such as reduce libido, urinary difficulties, appetite loss, and spells of dizziness are also influencing [sales negatively](https://www.financedigest.com/negative-perceptions-about-emergency-contraception-are-likely-to-hamper-the-sales-of.html "Negative perceptions about emergency contraception are likely to hamper the sales of"). According to Persistence Market Research, introduction of non-abuse opioid drugs and [drug exclusivity for branded options are the opportunities for pharmaceutical companies](https://www.financedigest.com/generic-oncology-drugs-market-2021-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Generic Oncology Drugs Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027"). [**Key Trends**](https://www.financedigest.com/key-trends-disrupting-uk-e-commerce-retail-in-2022.html "Key trends disrupting UK e-commerce retail in 2022") - Leading pharmaceutical [companies are partnering with pain management service](https://www.financedigest.com/italys-eni-sets-up-sustainable-transport-services-company.html "Italy’s Eni sets up sustainable transport services company") providers to boost sales. - Focus on developing non-addictive variants is growing, with [leading players](https://www.financedigest.com/fish-feed-market-detailed-survey-on-key-trends-leading-players-revolutionary-opportunities-2030.html "Fish Feed Market – DETAILED SURVEY ON KEY TRENDS, LEADING PLAYERS & REVOLUTIONARY OPPORTUNITIES 2030") altering their packaging and drug formulation. - Pharmaceutical companies are promoting their novel [products to cut](https://www.financedigest.com/apple-likely-to-cut-iphone-13-production-due-to-chip-crunch-bloomberg-news.html "Apple likely to cut iPhone 13 production due to chip crunch -Bloomberg News") down competition from generic manufacturers. - The Drug Enforcement Administration’s plan to reduce the amount of Schedule II opioid pain medication manufactured in the U.S. by 25% can [significantly impact sales](https://www.financedigest.com/automotive-fuel-system-market-sales-revenue-to-significantly-increase-in-the-next-few-years.html "Automotive Fuel System Market Sales Revenue to Significantly Increase in the Next Few Years ") in foreseeable future. **Want To Keep A Tab On The Latest Findings In The North America Synthetic Opioids Market? Purchase Our North America Synthetic Opioids Market Report Now!** [**https://www.persistencemarketresearch.com/checkout/15898**](https://www.persistencemarketresearch.com/checkout/15898) Persistence Market Research’s study on the **North America synthetic opioids market** revealed that only 18% of opioids are obtained from licensed physicians. The report also found that increasing [government regulations and DEA cuts](https://www.financedigest.com/carrefour-unveils-30-euro-shopping-basket-in-spain-after-government-price-cut-proposal.html "Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal") can reduce unauthorized access. By product type, the report has segmented the [market into synthetic opioids](https://www.financedigest.com/innovation-to-trigger-the-opioids-market.html "Innovation to trigger the Opioids Market") and semi-synthetic opioids. Semi-synthetic opioids [continue to witness heavy demand](https://www.financedigest.com/continuous-upgradations-to-bolster-the-demand-for-drugs.html "Continuous Upgradations to bolster the demand for Drugs"), accounting for nearly 92% value share in 2016. By sales, highest-selling semi-synthetic opioids are hydrocodone, oxycodone, and buprenorphine. Pain management remains the dominant application of synthetic opioids, accounting for over [90% revenue share](https://www.financedigest.com/zoom-shares-down-90-from-peak-as-pandemic-boom-fades.html "Zoom shares down 90% from peak as pandemic boom fades") of the market in 2016. Valued at over **US$ 67 billion in 2016**, use of synthetic opioids for pain management is expected to [grow at **2.3% CAGR** style=”font-weight: 400;”> through 2024.](https://www.financedigest.com/fibre-to-the-home-market-to-grow-at-a-high-14-4-cagr.html "Fibre to the Home Market to grow at a high 14.4% CAGR") [Fibre to the Home Market to grow at a high 14.4% CAGR](https://www.financedigest.com/fibre-to-the-home-market-to-grow-at-a-high-14-4-cagr.html "Fibre to the Home Market to grow at a high 14.4% CAGR") [Retail outlets remain the dominant application segment for synthetic opioids, accounting for nearly 66%](https://www.financedigest.com/fibre-to-the-home-market-to-grow-at-a-high-14-4-cagr.html "Fibre to the Home Market to grow at a high 14.4% CAGR") [revenue share](https://www.financedigest.com/global-clutch-spring-wires-market-share-growth-statistics-by-application-production-revenue-forecast-up-to-2031.html "Global Clutch Spring Wires Market Share, Growth, Statistics, By Application, Production, Revenue & Forecast Up To 2031") in 2016. Availability of synthetic opioids in [retail outlets will continue to influence sales](https://www.financedigest.com/italy-inflation-adjusted-retail-sales-fell-in-2022.html "Italy inflation-adjusted retail sales fell in 2022"). By 2020, US$ 55 Bn worth of synthetic opioids will be sold through retail outlets in [North America](https://www.financedigest.com/north-america-driving-the-adme-tox-screening-systems-market.html "North America Driving the ADME Tox Screening Systems Market"). The U.S. remains at the forefront of global demand for opioids; unsurprisingly, it [dominates the North America](https://www.financedigest.com/north-america-dominates-the-weatherstrip-seal-sales-attributed-to-the-constant-demand-from-construction-and-automotive-industry.html "North America Dominates The Weatherstrip Seal Sales Attributed To The Constant Demand From Construction And Automotive Industry") synthetic opioids market. Canada’s revenue share – 9.9% in 2016 – is [projected to reach](https://www.financedigest.com/security-and-vulnerability-management-market-was-valued-at-us-5749-5-mn-in-2016-and-is-projected-to-reach-us-20665-9-mn-by-2027.html "Security and Vulnerability Management Market was valued at US$ 5,749.5 Mn in 2016 and is projected to reach US$ 20,665.9 Mn by 2027") 10.6% by 2026. **Read More Trending “PMR Exclusive Article”-** **Antibodies Contract Manufacturing Market**– [Antibodies Contract Manufacturing Market](https://www.persistencemarketresearch.com/market-research/antibodies-contract-manufacturing-market.asp) Segmented By Monoclonal Antibodies, Antibody Fragments, Polyclonal Antibodies Product in Mammalian, Microbial Expression System **Health Caregiving Market**– [Health Caregiving Market](https://www.persistencemarketresearch.com/market-research/health-caregiving-market.asp) Segmented By Daily Essential Activities, Health and Safety Awareness, Care Coordination, Transition Support, Social Well-Being, Caregiver Quality of Life as Care Type **About Us: –** [**Persistence Market Research**](https://www.persistencemarketresearch.com/about-us.asp) **Contact us:** **[Persistence Market](https://www.financedigest.com/the-urinary-catheters-market-to-stay-innovatively-persistent.html "The Urinary Catheters Market to stay innovatively persistent") Research** Address – 305 Broadway, 7th FloorNew York City, NY 10007 United States U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 **Sales** – sales@persistencemarketresearch.com **Website** – https://www.persistencemarketresearch.com --- This blog is powered by Superblog. 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