Opioid-Induced Constipation (OIC) Drug Market Growth Analysis

Market Insights

The Opioid-Induced Constipation (OIC) Drug Market was valued at US$ 1.7 Billion in 2020 and is projected to reach US$ 3.2 Billion by 2026, registering a CAGR of 11.1% during the forecast period.

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What is an opioid-induced constipation drug?

Opioid-Induced Constipation (OIC) drugs are prescribed to patients with acute and chronic non-cancer pain. They reduce the secretion of digestive enzymes which results in opioid-induced constipation with several symptoms such as a bulged abdomen, distention, bloating, and painful defecation due to hard and dry stools.

Key Players

Key players operating in the Opioid-Induced Constipation (OIC) Drug market are-

• AstraZeneca plc (UK)
• Mallinckrodt Pharmaceuticals (UK)
• Salix Pharmaceuticals Inc (US)
• Merck & Co Inc (US)
• Shionogi & Co Ltd (Japan)
• Theravance Biopharma Inc (US)
• Valeant Pharmaceuticals International (Canada)
• Cosmo Pharmaceuticals SA (Ireland)
• Daewoong Pharmaceutical (South Korea)
• C B Fleet Company (US).

Market Dynamics

The key factor augmenting the market growth is a rising number of senior patients as these patients use opioid analgesics such as hydromorphone, morphine, codeine, etc. as a prescription for chronic non-cancer pain which has severe adverse effects on the digestive system resulting in huge demand for OIC drugs. Moreover, the increasing volume of patient pool with opioid users demands efficient medication for the OIC ailments which is likely to spur the industry growth during the review period.

COVID-19 Impact

The COVID-19 outbreak positively influenced the growth of the Opioid-Induced Constipation (OIC) Drug market. The pandemic caused added challenges for patients who are having some form of gastrointestinal infection. Due to social distancing, many hospitals have restricted appointments, and they were instead offering patient video conferencing to overcome the limitations of the market growth.

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Segment Analysis

Drug Type Trends

The market has been classified into Mu-opioid receptor antagonists, chloride channel-2 activators, and others. The Mu-opioid receptor antagonists segment accounted for a substantial market share in 2020. This is mainly attributed to the easy availability of several types of products launched by major players which are suitable for various symptoms in the OIC and the surge in research activities in the segment, which proliferates the segment growth.

Regional Trends

The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly ascribed to the increasing prevalence of various GI disorders among geriatric patients in the US and a steep rise in the consumption of opioids in Canada in the past few years. Moreover, the presence of established players in the market and funding for R&D activities further bolsters regional growth.

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Target Audience

Here is the list of the group of customers that the opioid-Induced Constipation (OIC) drug market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to three players)
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• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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