The global demerol meperidine market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factors that are expected to fuel the growth of the market during the forecast period include the growth in the incidence of infectious diseases & chronic pain and a rise in disposable income and a surge in the geriatric population. However, the emergence and legalization of alternative treatments of opioids such as cannabis impede the growth of the market. Moreover, the growing demand for meperidine associated with its higher usage as an anaesthetic in different surgical procedures is expected to drive the global meperidine (demerol) market growth. For instance, according to the World Health Organization (WHO) 2021, it is estimated that 143 million surgical procedures are required across the world each year to save lives and prevent disability. This, in turn, is driving the demand for demerol meperidine as it used before and during surgery with other kinds of pain medication.
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Demerol (meperidine), chemically known as ethyl 1-methyl-4-phenylisonipecotate hydrochloride, is an opioid pain medication. An opioid is sometimes referred to as narcotics. Opioids are drugs that act on the nervous system to relieve pain. The term opioid refers to all substances (exogenous or endogenous) with morphine-like properties. Meperidine is used to treat moderate-to-severe pain. In addition, the increasing incidence of cancer across the globe is expected to drive the global Meperidine (Demerol) market. For instance, according to National Cancer Institute, it was estimated that 1,806,590 new cases of cancer would be diagnosed in the US and 606,520 people would die from the disease in 2020. This results in increasing demand for demerol (meperidine) for cancer patients as it is used for the treatment of moderate to severe pain. However, there are several concerns about adverse reactions, drug interactions, and normeperidine neurotoxicity which hamper the market growth
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Product Type
· By Application
• Regions covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape: Boehringer Ingelheim GmbH, Pfizer Inc., and Sanofi S.A., among others.
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Global Demerol Meperidine Market Report by Segment
By Product Type
· Powder
· Liquid
By Application
· Anaesthesia
· Cough Treatment
· Diarrhoea Treatment
Global Demerol Meperidine Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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