The global inhalation anesthesia market is
expected to exhibit a steady 3.8% CAGR during the forecast period, according to
the latest research report from Market Research Future (MRFR). The global inhalation anesthesia market is mainly driven by the
increasing number of surgical procedures being conducted around the world and
was valued at USD 1.12 billion in 2018. The market is profiled in detail in the
report, which includes detailed historical profiles of the major factors
affecting the market’s growth trajectory. Major drivers and restraints
affecting the inhalation anesthesia market are profiled in the report. Key
players operating in the inhalation anesthesia market are also profiled in the
report to give readers a clear idea of the competitive dynamics in the market.
Inhalation anesthesia is a process of
delivering anesthesia via inhalation rather than injection. Inhalation
anesthesia is widely used for inducing as well as maintaining sedation in
patients undergoing surgical procedures. Maintaining sedation is the primary
application of inhalation anesthesia rather than inducing it, as the dosage and
effect of inhalation anesthesia can be judged more accurately than injected
anesthesia. The increasing demand for minimally invasive or noninvasive
procedures in the healthcare sector is likely to be a major driver for the
inhalation anesthesia market over the forecast period. Rather than being
injected into the body, inhalation anesthesia materials are administered by
inhalation, allowing painless administration of anesthesia. This has helped the
inhalation general anesthesia market achieve steady growth in
recent years and is likely to remain a major driver for the market in the
coming years.
The increasing demand for surgical procedures
is likely to be a major driver for the inhalation anesthesia market over the
forecast period. The increasing geriatric population around the world is likely
to be a key factor driving up the demand for surgeries, as the geriatric
population is more likely to require surgeries than younger demographics. The
increasing prevalence of cancer, cardiovascular conditions, and neurological
conditions is also likely to drive up the demand for surgical procedures in the
coming years, thus acting as a significant growth driver for the inhalation
anesthesia market.
Competitive
Analysis:
Leading players in the inhalation
anesthesia market include AbbVie Inc., Fresenius Kabi AG, Jiangsu Hengrui
Medicine Co. Ltd., Piramal Enterprises Ltd., Lunan Pharmaceutical Group Co.
Ltd., Hikima Pharmaceuticals plc, Halocarbon Products Corporation, and Baxter
International Inc. Leading players in the global inhalation anesthesia market
are likely to focus on the development of more effective anesthesia products in
the coming years. Eliminating the risk of side effects and maximizing the
potency of the anesthesia agent is likely to be a key objective for inhalation
anesthesia market players over the forecast period.
Segmentation:
The global inhalation anesthesia market is
segmented on the basis of product type, application, and region.
By product, the global inhalation
anesthesia market is segmented into sevoflurane, isoflurane, and desflurane.
By application, the global inhalation
anesthesia market is segmented into induction and maintenance.
Regional Analysis:
The report covers the Americas, Europe,
Asia Pacific, and MEA (Middle East and Africa) regional markets to provide a
comprehensive breakdown of the inhalation anesthesia market’s presence in each
region. The Americas are likely to remain the dominant force in the global
inhalation anesthesia market over the forecast period, with North America
dominating the global charts for production as well as usage of inhalation
anesthetics. The Americas region held a share of close to 50% in the global
inhalation anesthesia market in 2018 and is likely to remain a major regional
market for inhalation anesthesia in the coming years. Widespread presence of
advanced healthcare infrastructure and awareness about inhalation anesthetics
are the major drivers for the inhalation anesthesia market in North America.
Europe accounts for the second largest
share in the global inhalation anesthesia market, holding around 30% of the
global market. Strong development in healthcare research is likely to be a
major driver for the inhalation anesthesia market in the region over the
forecast period.
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