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Global Fentanyl Market to reach USD XX billion by the end of 2030.

Global Fentanyl Market Size study & Forecast, by Route of Administration (Sublingual Tablet, Buccal Tablet, Oral Film, and Others), by End User (Hospital, Oncology Centers, Surgical Centers, and Others) and Regional Analysis, 2023-2030

Product Code: HLSDT-94401825
Publish Date: 20-10-2023
Page: 200

Global Fentanyl Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
The market growth of cancer-related products and services is strongly influenced by the increasing prevalence of cancer globally. In 2022, the United States is estimated to witness approximately 1.9 million newly diagnosed cancer cases, emphasizing the significant impact of this disease on individuals and communities within the country. Additionally, it is projected that there will be 609,360 cancer-related deaths in the same year. The rising awareness of cancer, coupled with advancements in medical research and the development of new treatments, further contributes to the growth of the market. Governments worldwide are recognizing the urgent need to address cancer as a leading cause of premature death, leading to increased investment in initiatives and programs aimed at reducing cancer mortality rates.
The combination of these factors, including the increasing prevalence of cancer, heightened awareness, advancements in treatments, and greater investment in medical research, collectively drive the market growth of cancer-related products and services. As the global fight against cancer intensifies, the market is poised to expand to meet the growing demand for effective prevention, diagnosis, treatment, and supportive care.
Furthermore, the projected rise in global healthcare expenditure is anticipated to drive the expansion of the global fentanyl market. Industry experts have indicated that the average total health spending per person worldwide was approximately USD 1,129 USD in 2019. This figure is estimated to grow to USD 1,515 by 2050. The increase in healthcare spending signifies a greater allocation of resources towards medical treatments and pharmaceuticals, which is likely to contribute to the growth of the fentanyl market. Moreover, the implementation of awareness campaigns focusing on the therapeutic benefits of fentanyl is expected to further enhance the market’s potential for expansion during the forecast period. These campaigns aim to educate healthcare professionals and the public about the appropriate and responsible use of fentanyl in managing pain and improving patient outcomes. By increasing awareness about the safe and effective utilization of fentanyl, these initiatives can potentially stimulate demand for the product and drive market growth.

The key regions considered for the Global Fentanyl Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. By the end of 2030, the North American fentanyl market is projected to capture the largest market share. This dominance in the region can be attributed to several factors, including population growth, research activities, and the availability of health insurance coverage for various cancer diagnoses. The region’s growing population provides a larger patient pool for medical treatments, including fentanyl usage. Additionally, the presence of extensive research activities in North America supports the development and adoption of advanced pharmaceuticals, including fentanyl, further driving market growth.

The rising economic status and affordability of advanced cancer treatments in North America also contribute to market expansion. The United States, for instance, witnessed an increase in personal income and spending, indicating the financial capacity to access advanced treatments. In 2019, the country reported a significant number of new cancer cases and cancer-related deaths, underlining the demand for effective pain management options such as fentanyl. Furthermore, insurance companies in North America offer efficient reimbursement policies for cancer treatments, incentivizing patients to opt for advanced treatment methods. This favorable reimbursement environment plays a significant role in encouraging patients to choose fentanyl and other advanced therapies, thus contributing to the market’s growth in the region.

Major market player included in this report are:
Thermo Fisher Scientific Inc.
Boehringer Ingelheim GmbH
Bayer AG
Novartis AG
Sanofi-aventis Groupe
Abbott Laboratories
Merck & Co., Inc.
Validus Pharmaceuticals LLC
Teva Pharmaceutical Industries Ltd.
Siemens Healthcare GmbH

Global Fentanyl Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Route of administration, Enduse and Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Route of Administration:
Sublingual Tablet
Buccal Tablet
Oral Film

By Enduse:
Oncology Centers
Surgical Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Fentanyl Market, by Region, 2020-2030 (USD Billion)
1.2.2. Fentanyl Market, by Route of Administration, 2020-2030 (USD Billion)
1.2.3. Fentanyl Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fentanyl Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fentanyl Market Dynamics
3.1. Fentanyl Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing Geriatric Population Worldwide Prevalence of Cancer
3.1.2. Market Challenges Side effects associated with a high dose of fentanyl
3.1.3. Market Opportunities Rise in Research Spending
Chapter 4. Global Fentanyl Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fentanyl Market, by Route of Administration
5.1. Market Snapshot
5.2. Global Fentanyl Market by Route of Administration, Performance – Potential Analysis
5.3. Global Fentanyl Market Estimates & Forecasts by Route of Administration 2020-2030 (USD Billion)
5.4. Fentanyl Market, Sub Segment Analysis
5.4.1. Sublingual Tablet
5.4.2. Buccal Tablet
5.4.3. Oral Film
5.4.4. Others
Chapter 6. Global Fentanyl Market, by End User
6.1. Market Snapshot
6.2. Global Fentanyl Market by End User, Performance – Potential Analysis
6.3. Global Fentanyl Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Fentanyl Market, Sub Segment Analysis
6.4.1. Hospital
6.4.2. Oncology Centres
6.4.3. Surgical Centres
6.4.4. Others
Chapter 7. Global Fentanyl Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Fentanyl Market, Regional Market Snapshot
7.4. North America Fentanyl Market
7.4.1. U.S. Fentanyl Market Route of Administration breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Fentanyl Market
7.5. Europe Fentanyl Market Snapshot
7.5.1. U.K. Fentanyl Market
7.5.2. Germany Fentanyl Market
7.5.3. France Fentanyl Market
7.5.4. Spain Fentanyl Market
7.5.5. Italy Fentanyl Market
7.5.6. Rest of Europe Fentanyl Market
7.6. Asia-Pacific Fentanyl Market Snapshot
7.6.1. China Fentanyl Market
7.6.2. India Fentanyl Market
7.6.3. Japan Fentanyl Market
7.6.4. Australia Fentanyl Market
7.6.5. South Korea Fentanyl Market
7.6.6. Rest of Asia Pacific Fentanyl Market
7.7. Latin America Fentanyl Market Snapshot
7.7.1. Brazil Fentanyl Market
7.7.2. Mexico Fentanyl Market
7.8. Middle East & Africa Fentanyl Market
7.8.1. Saudi Arabia Fentanyl Market
7.8.2. South Africa Fentanyl Market
7.8.3. Rest of Middle East & Africa Fentanyl Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Thermo Fisher Scientific Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Boehringer Ingelheim GmbH
8.3.3. Bayer AG
8.3.4. Novartis AG
8.3.5. Sanofi-aventis Groupe
8.3.6. Abbott Laboratories
8.3.7. Merck & Co., Inc.
8.3.8. Validus Pharmaceuticals LLC
8.3.9. Teva Pharmaceutical Industries Ltd.
8.3.10. Siemens Healthcare GmbH
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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