Global Oxycodone Drugs Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Short-Acting and Long-Acting.By Distribution Channel;
Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Oxycodone Drugs Market (USD Million), 2021 - 2031
In the year 2024, the Global Oxycodone Drugs Market was valued at USD 3222.62 million. The size of this market is expected to increase to USD 4240.74 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.
The oxycodone drugs market is witnessing significant expansion, primarily driven by the rising incidence of chronic pain diseases such as cancer, rheumatoid arthritis, lower back pain, and fibromyalgia. These conditions impose substantial physical and emotional burdens on patients, necessitating effective pain management strategies. Oxycodone drugs have emerged as crucial therapeutic agents in this context, offering potent analgesic effects to alleviate severe pain. Importantly, the inadequacy of other medications in providing adequate pain relief has amplified the demand for oxycodone, positioning it as a cornerstone in pain management protocols.
Furthermore, the efficacy and favorable outcomes associated with extended-release oxycodone formulations have bolstered their adoption and prescription volumes. Extended-release capsules offer sustained pain relief over an extended duration, minimizing the need for frequent dosing and providing patients with improved convenience and compliance. This aspect is particularly beneficial for individuals experiencing chronic pain, as it enhances treatment adherence and quality of life.
The market's growth is also fueled by the advent of extended-release formulations, which cater to the diverse needs of patients with varying pain intensities and durations. Additionally, the high prevalence of severe pain among adults, attributed to factors such as aging populations and increasing incidence of chronic diseases, further drives the demand for effective pain management solutions like oxycodone. Moreover, the market landscape is shaped by the presence of patents owned by key players, which safeguard their proprietary formulations and contribute to market growth by limiting competition. These patents incentivize innovation and investment in research and development, leading to the introduction of novel oxycodone products with enhanced therapeutic profiles.
Additionally, market players are ramping up their marketing and promotional efforts to raise awareness about oxycodone drugs among healthcare professionals and patients. Increased expenditure on marketing activities contributes to heightened brand visibility and market penetration, further driving the adoption of oxycodone for pain management purposes.
Global Oxycodone Drugs Market Recent Developments
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In August 2022, the General Hospital of Ningxia Medical University in China provided sponsorship to clinical trial in order to investigate effect of oxycodone hydrochloride to catheter-related bladder discomfort in those undergoing transurethral resection of bladder tumors post-general anesthesia.
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In 2020, Daiichi Sankyo declared its plan to collaborate with Ultragenyx Pharmaceutical to enhance research.
Segment Analysis
The market is segmented by product type into short-acting and long-acting formulations, each catering to specific patient needs and clinical scenarios. Short-acting oxycodone drugs, characterized by their rapid onset of action and shorter duration of pain relief, are commonly prescribed for acute pain management, such as post-operative or injury-related pain. Conversely, long-acting oxycodone formulations offer sustained pain relief over an extended period, making them suitable for chronic pain conditions requiring around-the-clock analgesia. This segmentation reflects the diverse spectrum of pain management requirements and underscores the importance of tailoring treatment approaches to individual patient needs.
The distribution channel segmentation comprises hospital pharmacies, retail pharmacies, and online pharmacies, reflecting the varied avenues through which oxycodone drugs are accessed by patients and healthcare providers. Hospital pharmacies serve as crucial distribution channels, particularly for acute care settings and inpatient populations, where timely access to pain medications is critical. Retail pharmacies, on the other hand, play a pivotal role in providing accessibility and convenience to patients managing chronic pain conditions on an outpatient basis. They offer a wide range of oxycodone formulations, catering to diverse patient preferences and prescription requirements. Moreover, the emergence of online pharmacies as a prominent distribution channel presents both opportunities and challenges for the oxycodone drugs market. Online pharmacies offer convenience and accessibility to patients, especially those in remote or underserved areas. However, they also raise concerns related to medication safety, regulatory compliance, and the potential for misuse or diversion of controlled substances like oxycodone. As the digital healthcare landscape continues to evolve, stakeholders in the oxycodone drugs market must navigate the regulatory framework and implement robust strategies to ensure the safe and responsible distribution of medications through online channels.
Global Oxycodone Drugs Segment Analysis
In this report, the Global Oxycodone Drugs Market has been segmented by Product Type, Distribution Channel, and Geography.
Global Oxycodone Drugs Market, Segmentation by Product Type
The Global Oxycodone Drugs Market has been segmented by Product Type into Short-Acting and Long-Acting.
Short-acting oxycodone formulations are designed to provide rapid relief for acute pain episodes, offering immediate analgesic effects that peak within a few hours of administration. These formulations are typically prescribed for breakthrough pain or as needed to manage sudden spikes in pain intensity. On the other hand, long-acting oxycodone products are formulated to deliver sustained pain relief over an extended duration, often lasting for several hours or even up to 12 hours per dose. These extended-release formulations are ideal for managing chronic pain conditions that require around-the-clock relief, offering patients a convenient dosing regimen and consistent pain control throughout the day. By segmenting the market based on product type, healthcare providers and patients can access tailored treatment options that align with the nature and duration of their pain symptoms, optimizing therapeutic outcomes and enhancing patient satisfaction. Furthermore, pharmaceutical companies can strategically develop and market oxycodone formulations tailored to specific patient needs within each segment, leveraging advancements in drug delivery technologies to improve efficacy, safety, and patient adherence. Overall, the segmentation of the Global Oxycodone Drugs Market into Short-Acting and Long-Acting product types underscores the importance of personalized pain management approaches and the diversity of therapeutic options available to address the varying needs of patients experiencing acute and chronic pain conditions.
Global Oxycodone Drugs Market, Segmentation by Distribution Channel
The Global Oxycodone Drugs Market has been segmented by Distribution Channel into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies.
Hospital Pharmacies stand as a pivotal distribution channel, catering primarily to patients undergoing treatment in healthcare facilities. These pharmacies ensure timely access to oxycodone drugs for inpatients and outpatients, facilitating seamless integration into treatment regimens under the supervision of healthcare professionals. Furthermore, hospital pharmacies play a crucial role in ensuring the safe storage, dispensing, and administration of oxycodone medications, adhering to stringent regulatory standards and protocols to mitigate the risk of misuse or diversion.
Retail Pharmacies represent another significant segment within the oxycodone drugs market, offering accessibility and convenience to patients outside the hospital setting. These pharmacies serve as essential points of care within local communities, providing individuals with access to a wide range of medications, including oxycodone, for managing pain and other medical conditions. Retail pharmacies offer personalized services, medication counseling, and refill reminders, enhancing patient engagement and adherence to treatment plans. Additionally, retail pharmacies often collaborate with healthcare providers to facilitate prescription refills, medication reconciliation, and patient education, contributing to the overall quality of care and patient outcomes.
The emergence of Online Pharmacies has transformed the landscape of pharmaceutical distribution, providing patients with an alternative platform for accessing oxycodone drugs and other medications. Online pharmacies offer convenience, privacy, and accessibility, allowing patients to order medications from the comfort of their homes and have them delivered to their doorstep. This distribution channel caters to individuals with mobility limitations, busy schedules, or those residing in remote areas with limited access to traditional brick-and-mortar pharmacies. Moreover, online pharmacies often offer competitive pricing, discounts, and home delivery options, making them an attractive choice for patients seeking cost-effective solutions for their medication needs. However, the proliferation of online pharmacies also raises concerns regarding medication safety, counterfeit drugs, and regulatory compliance, necessitating robust quality assurance measures and regulatory oversight to safeguard patient health and well-being.
Global Oxycodone Drugs Market, Segmentation by Geography
In this report, the Global Oxycodone Drugs Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Oxycodone Drugs Market Share (%), by Geographical Region, 2024
The upsurge in cancer cases across the countries such as the United States and Mexico is likely to boost the growth of the market in North America. For instance, the 2022 data published by the American Cancer Society (ACS) estimated that there will be 1.9 million new cancer cases in the United States in 2022. Furthermore, according to the National Cancer Institute (NCI), breast cancer is the most common cancer, with 290,560 new cases projected in the United States in 2022.
In addition, according to the 2022 World Cancer Research Fund International (WCRF) report, nearly 101,703 cancer cases were diagnosed among women where the age-standardized rate (ASR) was 137.4 per 100,000 population in Mexico. The report also stated that the cancer rate was lower among men than women in the country where the ASR was 62.6 per 100,000 population, still, it is raising the cancer burden. As chronic non-malignant pain is common in cancer patients, most often cancer patients are prescribed opioid medication. Thus, huge acceptance and prescription of these medications indicate new opportunities for oxycodone drugs, further fueling the growth of the market.
Furthermore, oxycodone has been widely prescribed for pain management in RA and osteoarthritis patients. As the burden of these orthopedic diseases is increasing across North America, the demand for oxycodone drugs is increasing. For instance, according to the 2021 report published by the Arthritis Community Research and Evaluation Unit (ACREU), around 15% of Canadians aged 20 years and above had osteoarthritis in 2021. The above source further stated that more than 4 million Canadians, or about 1 in every 7 adults, have osteoarthritis in Canada. Thus, the high burden of orthopedic disorders is expected to boost the demand for pain management drugs. This is predicted to garner overall, market growth in the region. Thus, the rising burden of RA, osteoarthritis, and cancer is among the other major factors that are anticipated to drive market growth during the forecast period in North America.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Oxycodone Drugs Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Rising Incidence of Chronic Pain
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Extended-Release Formulations- These formulations are designed to release the medication gradually over an extended period, providing sustained pain relief to patients. In the context of oxycodone drugs, extended-release formulations offer several advantages that contribute to their prominence in the market.
Extended-release oxycodone formulations provide a more consistent and prolonged analgesic effect compared to immediate-release formulations. This sustained release profile helps in managing chronic pain conditions effectively, reducing the frequency of dosing and minimizing fluctuations in pain relief throughout the day. Patients benefit from more stable pain control, improved sleep quality, and enhanced overall quality of life. The convenience offered by extended-release oxycodone formulations enhances patient compliance and adherence to treatment regimens. With less frequent dosing intervals, patients experience fewer disruptions to their daily activities and routines. This convenience factor is particularly significant for individuals managing chronic pain, as it reduces the burden of medication administration and improves treatment adherence rates.
Extended-release formulations of oxycodone mitigate the risk of dose dumping and potential adverse effects associated with rapid fluctuations in drug plasma concentrations. By delivering the medication gradually over time, these formulations help in maintaining therapeutic drug levels within a safe and effective range, minimizing the likelihood of dose-related side effects such as respiratory depression, sedation, and opioid dependency. Additionally, extended-release oxycodone formulations offer healthcare providers greater flexibility in tailoring treatment plans to meet individual patient needs. Physicians can prescribe these formulations based on factors such as pain intensity, duration, and patient response, optimizing pain management strategies and improving patient outcomes. Furthermore, the availability of extended-release oxycodone formulations expands the treatment options available to healthcare providers and patients, providing alternatives to immediate-release formulations and other opioid analgesics. This diversity in treatment options enables personalized approaches to pain management, allowing clinicians to select the most appropriate formulation based on patient-specific factors and treatment goals.
Restraints
- Rising Concerns About Opioid Addiction
- Alternative Pain Management Therapies
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Side Effects and Safety Concerns- Oxycodone drugs, while effective in managing severe pain, are associated with a range of side effects and safety concerns that act as restraints on market growth.One major concern is the potential for abuse and addiction. Oxycodone is an opioid analgesic, and like other opioids, it carries a risk of dependency and addiction, particularly when used improperly or for prolonged periods. The addictive nature of oxycodone can lead to misuse, diversion, and ultimately, substance abuse disorders, posing challenges for both patients and healthcare providers. Furthermore, oxycodone use is linked to various adverse effects, including respiratory depression, sedation, nausea, constipation, and dizziness. These side effects can impair patients' quality of life, limit treatment adherence, and necessitate additional medical interventions to manage symptoms effectively. Moreover, there is a risk of overdose associated with oxycodone use, especially when taken in higher-than-prescribed doses or in combination with other central nervous system depressants such as alcohol or benzodiazepines. Opioid overdose can result in serious health complications, including respiratory failure, coma, and death, highlighting the importance of cautious prescribing practices and patient education.
The heightened awareness of the opioid epidemic and efforts to address opioid misuse and overdose have led to regulatory scrutiny and prescribing restrictions, further impacting the oxycodone drugs market. Regulatory agencies have implemented measures to enhance opioid prescribing guidelines, monitor prescribing patterns, and mitigate the risk of diversion and misuse, which can limit the availability and accessibility of oxycodone medications.
Opportunities
- Rising Incidence of Chronic Pain
- Extended-Release Formulations
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Increasing Healthcare Expenditure- As healthcare expenditure rises worldwide, particularly in developed and emerging economies, it signifies greater investment in healthcare infrastructure, services, and medications. This increased spending directly translates into a larger pool of financial resources allocated towards addressing healthcare needs, including pain management.
Higher healthcare expenditure means improved access to healthcare services for individuals, including access to medications such as oxycodone. With more resources available for healthcare provision, patients are more likely to receive timely diagnoses and appropriate treatment for their pain conditions. This translates into a larger patient population seeking pain relief, thereby driving demand for oxycodone drugs. Increased healthcare expenditure often leads to advancements in medical technology and innovation. This could include the development of novel drug delivery systems, formulations, and alternative pain management therapies. In the context of oxycodone drugs, such advancements could result in the creation of more effective, safer, and better-tolerated formulations, addressing concerns such as abuse potential and side effects. Moreover, higher healthcare spending may also lead to greater investment in research and development by pharmaceutical companies. This could result in the discovery of new indications for oxycodone, expansion of its therapeutic use beyond its current applications, and the development of combination therapies that enhance its efficacy or mitigate its side effects.
Competitive Landscape Analysis
Key players in Global Oxycodone Drugs Market include:
- Sun Pharmaceutical Industries Ltd
- Collegium Pharmaceutical Inc.
- Endo Pharmaceuticals Inc.
- Teva Pharmaceutical Industries Ltd
- Mallinckrodt Pharmaceuticals
- Akrimax Pharmaceuticals LLC
- Amneal Pharmaceuticals Inc.
- Zyla Life Sciences (Egalet Corporation)
- Purdue Pharma LP
- Mundipharma Pty Limited
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Oxycodone Drugs Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Rising Incidence of Chronic Pain
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Extended-Release Formulations
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- Restraints
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Rising Concerns About Opioid Addiction
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Alternative Pain Management Therapies
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Side Effects and Safety Concerns
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- Opportunities
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Rising Incidence of Chronic Pain
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Extended-Release Formulations
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Increasing Healthcare Expenditure
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Oxycodone Drugs Market, By Product Type, 2021 - 2031 (USD Million)
- Short-Acting
- Long-Acting
- Global Oxycodone Drugs Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Global Oxycodone Drugs Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Oxycodone Drugs Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Sun Pharmaceutical Industries Ltd
- Collegium Pharmaceutical Inc.
- Endo Pharmaceuticals Inc.
- Teva Pharmaceutical Industries Ltd
- Mallinckrodt Pharmaceuticals
- Akrimax Pharmaceuticals LLC
- Amneal Pharmaceuticals Inc.
- Zyla Life Sciences (Egalet Corporation)
- Purdue Pharma LP
- Mundipharma Pty Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market