Fact.MR – A Market Research and Competitive Intelligence Provider: The inhalational anaesthesia drugs market is expected to increase at a high CAGR between 2016 and 2021, according to Fact.MR.
Rising Number of Surgical Procedures to Stimulate the Inhalational Anaesthesia Drugs Market
The inhalational anaesthesia drugs market study by Fact.MR offers compelling insights into key growth drivers and restraints impacting the market through 2031. The study offers inhalational anaesthesia drugs demand outlook and studies opportunities existing in key segments, including drug class, end-user and application.
Fact.MR – A Market Research and Competitive Intelligence Provider: The inhalational anaesthesia drugs market is expected to increase at a high CAGR between 2016 and 2021, according to Fact.MR.
The inhalational anaesthesia drugs market is growing due to an increasing geriatric population suffering from cancer, respiratory, gastrointestinal, orthopaedic, and genetic problems.
According to the Centers for Disease Control and Prevention (CDC), 6 out of 10 adults in the United States will have at least one chronic disease by 2020, with 4 out of 10 persons having two or more chronic diseases.
Because of the low risk of accumulating in the body, inhalational anaesthesia is becoming increasingly common. As a result, an increased preference for inhalational anaesthesia over intravenous anaesthesia among health practitioners is expected to foster growth.
Aside from these factors, the pandemic of COVID-19 played a key impact in changing market dynamics by providing tailwinds to sales. The rising number of accidents and emergency situations around the world would further increase demand.
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Among the numerous applications, the maintenance segment is expected to have the largest market share. The induction segment, on the other hand, is expected to grow at a robust CAGR throughout the assessment period.
The inhalational anaesthesia medicines market is expected to be dominated by North America. Because of the rising incidence of chronic disorders, the demand prognosis for the US market remains optimistic. The South Asian market, on the other hand, is expected to grow at the fastest rate due to significant improvements in the healthcare sector.
“Increasing aging population and rising incidence of chronic disorders among them are leading factors driving the market. Besides this, companies operating in the market are increasingly focusing on technological innovations to ensure greater accuracy during surgical procedures,” says a Fact.MR analyst.
Key Takeaways
- The North American market for inhalational anaesthesia drugs is expected to remain dominant over the assessment period, owing to an increase in the number of procedures in the United States.
- Due to the huge increase in the global geriatric population, Europe is anticipated to emerge as the second most attractive market.
- South Asia is expected to grow at the fastest rate over the forecast period, owing to rising per capita income, while the Middle East and Africa will experience sluggish growth due to underdeveloped economic structures.
- Between 2021 and 2031, the hospital segment is expected to provide the majority of revenue, according to distribution channel.
Key Drivers
- Growing number of surgical procedures are contributing to the growth of the inhalational anaesthesia drugs market.
- Increasing geriatric population suffering from chronic diseases is likely to spur the market growth.
Key Restraints
- High cost associated with inhalation anaesthesia procedure can hinder the sales.
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Competitive Landscape
Inhalational anaesthesia drugs market players are undertaking acquisitions, collaborations and strategic partnerships to gain a strong foothold in the market.
For instance, in 2020, AbbVie, a research-based global biopharmaceutical company announced the completion of acquisition of Allergen plc. With this acquisition completion AbbVie will continue serving unmet needs of patients that rely on them.
In 2020, Baxter International Inc, a global leader in sterile medication production and delivery announced a partnership with Zeosys Medical to bring innovative, eco-friendly anaesthesia gas recapture technology to hospitals.
Some of the leading players profiled by Fact.MR are:
- AbbVie Inc.
- Baxter
- Hikma Pharmaceuticals PLC
- Halocarbon Products Corporation
- Piramal Enterprises Limited
- Lunan Pharmaceutical Group Co. Ltd.
More Valuable Insights on Inhalational Anaesthesia Drugs Market
Fact.MR, in its new report, offers an unbiased analysis of the global inhalational anaesthesia drugs market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on inhalational anaesthesia drugs market with detailed segmentation:
Based on Drug class, the global Inhalational Anaesthesia Drugs Market is segmented as:
- Enflurane
- Isoflurane
- Halothane
- Sevoflurane
- Atropine
Based on application, the global Inhalational Anaesthesia Drugs Market is segmented as:
- Induction
- Maintenance
Based on end user, the global Inhalational Anaesthesia Drugs Market is segmented as:
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
Key Questions Covered in the Inhalational Anaesthesia Drugs Market Report
- The market survey also highlights projected sales growth for inhalational anaesthesia drugs market between 2021 and 2031
- The report offers insight into inhalational anaesthesia drugs demand outlook for forecast period 2021-2031
- Inhalational anaesthesia drugs market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Inhalational anaesthesia drugs market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
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