North America Opioid Market Size, Industry Growth and Overview to 2024: Hexa Reports

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North America Opioid Market Analysis, Share and Size,

Emerging Trends, Growth, Overview And Segment

Forecasts To 2024

The North America opioid market is expected to reach USD 18.5 billion by 2024, according to a new

report by Grand View Research, Inc. Favorable regulations and healthcare reforms are providing an

environment, conducive for research and development as well as commercialization efforts directed

toward the development of novel abuse-deterrent opioids, to flourish and drive the industry growth

during the forecast period.

Furthermore, the key players are deploying large funds in the development of abuse-deterrent

technology wherein drugs are designed to be tamper resistant. This is achieved through alterations

involving, among others, the use of physical or chemical barriers to resist convenient extraction of the

opioids, the addition of an aversive agent to the formulation that would yield an unpleasant effect upon

its extraction, and the formulation of opioid prodrugs that are dependent on enzymatic activity in order

to be rendered to their active forms. These tamper-resistant opioid drug forms are anticipated to

mitigate the incidence of their misuse.

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Opioids are the mainstay of chronic pain management that is used to alleviate varied pain conditions.

Opiates including codeine and morphine are frequently employed as cough suppression medication.

Codeine is considered as a gold standard for cough suppression since it has minimal side effects.

Moreover, these narcoticsare used in the treatment of irritable bowel syndrome-induced diarrhea since

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they act on gastrointestinal receptors. In addition, peripherally acting loperamide is commonly used to

suppress diarrhea. Thus, theprofitable growth of the Opioid Market lies...