Oxycodone Drugs Market Trends

Oxycodone Drugs Market Trends

• The increasing prevalence of pain serves as a significant driver for the growth of the market. Chronic pain conditions, such as arthritis, back pain, neuropathic pain, and cancer-related pain, affect millions of individuals worldwide. For instance, as per the report published by U.S. Pain Foundation in 2022, 50 million Americans live with chronic pain, or pain that lasts most days or every day for three months or more. Of this group, 20 million suffer from high-impact chronic pain, or pain that interferes with basic functioning and activities of daily living, like personal hygiene and household chores.
   
• Similarly, as the population ages and lifestyles change, the burden of chronic pain continues to rise. In response to this, the growing need for effective pain management drugs, such as opioid analgesics like oxycodone is used to provide relief to patients experiencing moderate to severe pain. Thus, the increase in the prevalence of chronic pain owing to musculoskeletal diseases, injuries, or post-surgical procedures is expected to boost the growth of the market.