Global Inhalational anesthetics Market to Record Rise in Incremental Opportunity During the Forecast Period 2019-2024

Market Overview

Inhalational anesthetics are known for their ability to induce and continue general anesthesia during a surgical procedure. A new report on the global inhalation anesthesia market, published by Market Research Future (MRFR), reckons that this market could count profits at 3.8% CAGR between 2019 and 2024.

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The best market driving factor for the global inhalation anesthesia market growth is that inhalation anesthesia allows more precise control of the anesthetic state at low cost. The second factor driving the market growth is increasing geriatric population most of whom are suffering from chronic illnesses and degenerative diseases. Hence, the subsequent rise in surgeries and therapeutics can boost the market. Other factors contributing to the market growth include the rise in surgical procedures, surging prevalence of cardiovascular as well as respiratory system-related ailments, and a growth in regulatory approvals. However, the serious concerns about greenhouse gas emissions can hinder the market growth.  

Market Segmentation

The global inhalation anesthesia market segmentation encompasses application and product. MRFR’s take on the market explores various facets of the market in-depth.

The application-based segmentation of this market covers induction and maintenance. The induction segment holds a larger market share due to its low cost and therapeutic advantages.

Regarding the product, the market has been segmented into desflurane, isoflurane, and sevoflurane. Leading the market since 2018, the sevoflurane segment has been anticipated to grow at a lucrative rate during the forecast period.

Regional Segmentation

A geographical outlining of the global inhalation anesthesia market covers The Americas (North America & South America), Asia Pacific, Europe, and the Middle East & Africa (MEA).

The Americas is an important regional market. Due to technological advancement and the availability of advanced medical facilities, presence of major market players, high disposable income, and more investment in healthcare, North America is a bigger regional market segment compared to South America. In North America, maximum market revenue comes from the U.S and Canada. In South America, the strongest economies are Argentina and Brazil, that have the potential of becoming the important country-specific markets in this regional segment.

Europe is another important regional market. Due to the reasons the same as the Americas, the European market has been segmented into Western Europe and Eastern Europe. The topnotch country-specific markets in Western Europe are France, Germany, Italy, Spain, and the UK. An observation of the remaining countries in Western Europe featured in this report speculate the huge addition to market revenue from some other countries in this region, along with a sizable amount of revenue from Eastern Europe.

In the Asia Pacific region, the market is growing due to the rising economy, improving healthcare facilities, increasing disposable income, and growing medical tourism in India. Other important country-specific markets in this region are Australia, China, Japan, and South Korea. An analysis of the remaining countries in the Asia Pacific region featured in this report estimates the huge contribution to market revenue from some other countries.

In the MEA region, the market is small as most countries in this region are low-income countries. Other factors responsible for limited market growth are lack of awareness, lack of advanced medical facilities, the limited number of skilled medical professionals, less investment in healthcare, and healthcare not being considered to be a priority in the most countries of this region.

Key Players

Big players in the global inhalation anesthesia market include AbbVie Inc. (USA), Baxter International Inc. (USA), Fresenius Kabi AG (Germany), Halocarbon Products Corporation (USA), Hikma Pharmaceuticals PLC (UK), Jiangsu Hengrui Medicine Co. Ltd. (China), Lunan Pharmaceutical Group Co. Ltd. (China), and Piramal Enterprises Limited (India).

Latest Industry News

  • Childhood Anxiety Reduction through Innovation and Technology (CHARIOT) is a new anesthesia administration program that has started at Texas Children’s Hospital. An important component of this program is Bedside Entertainment Relaxation Theater (BERT) that can play movies to entertain patients receiving anesthesia. The BERT can also project interactive games that can be helpful for inhalation anesthesia induction in the operating room. 29 JUL 2019

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