General anesthesia administered through inhalation route is categorized as IH anesthetics and is used for maintaining sedative stage during surgical procedure. IH drugs are preferred for pediatric and geriatric surgery.

The global General Anesthesia Drugs market is estimated to account for US$ 5999.7 Mn in terms of value by the end of 2027.

Global General Anesthesia Drugs Market: Drivers

Increasing prevalence of chronic renal disease (CRD) is expected to boost growth of the global General Anesthesia Drugs market over the forecast period. For instance, according to European Renal Association – European Dialysis and Transplant Association’s data in 2018, over 850 million people worldwide have some form of kidney disease

Global General Anesthesia Drugs Market: Opportunities

Increasing R&D in general anesthesia is expected to offer to offer lucrative growth opportunities for market players. For instance, in October 2019, a study published in the Journal of the American Medical Association (JAMA) by researchers from Aarhus University Hospital found that the use of protocol-based general anaesthesia in acute ischaemic stroke patients undergoing thrombectomy was significantly associated with less disability at three-months, compared with procedural sedation.

Global General Anesthesia Drugs Market: Restraints

However, lack of skilled anesthetists and nurse anaesthetist is expected to hamper growth of the global General Anesthesia Drugs market.

Key Takeaways:

The Propofol segment in the global General Anesthesia Drugs market was valued at US$ 1,300.6 Mn in 2018 and is expected to reach US$ 2127.9 Mn by 2025 at a CAGR of 5.7% during the forecast period.The growth of the segment is attributed to increasing incidence and prevalence of chronic diseases

Market Trends

Key players in the market are focused on product development and approval to expand their product portfolio. For instance, in October 2019, SunGen Pharmaceuticals, a privately held specialty pharmaceutical company, received its eighth ANDA approval from the US Food and Drug Administration (FDA) for Lidocaine Ointment USP used for production of anesthesia of accessible mucous membranes of the oropharynx.

Use of ketamine has increased as a pain management alternative due to the opioid epidemic in the U.S. However, use of ketamine is also associated with side effects such as hallucinations and visual disturbances.

Global General Anesthesia Drugs Market: Competitive Landscape

Major players operating in the global General Anesthesia Drugs market include, Baxter International Inc., AstraZeneca, AbbVie Inc., B. Braun Melsungen AG, Fresenius SE & Co. KGaA, and Hospira Inc.

Global General Anesthesia Drugs Market: Key Developments

Key players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in December 2019, Nephron Pharmaceuticals Corporation partnered with National Medical Products Inc. to offers patients quality care through virtually pain-free anesthetics.

Key players in the market are focused on adopting MA& strategies to expand their product portfolio. For instance, in November 2019, Sandoz, the generics unit of Novartis, acquired Aspen Global Incorporated, a subsidiary of Aspen Pharmacare Holdings to expand its presence in Asia Pacific. Aspen offers off-patent branded medicines with a focus on anesthetics and specialty brands.

Segmentation

  • General Anesthesia Drugs Market, By Molecule Type:
    • Propofol
    • Sevoflurane
    • Dexmedetomidine
    • Desflurane
    • Remifentanil
    • Midazolam
    • Others
  • General Anesthesia Drugs Market, By Region:
    • North America
      • By Molecule Type:
        • Propofol
        • Sevoflurane
        • Dexmedetomidine
        • Desflurane
        • Remifentanil
        • Midazolam
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Molecule Type:
        • Propofol
        • Sevoflurane
        • Dexmedetomidine
        • Desflurane
        • Remifentanil
        • Midazolam
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Molecule Type:
        • Propofol
        • Sevoflurane
        • Dexmedetomidine
        • Desflurane
        • Remifentanil
        • Midazolam
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Molecule Type:
        • Propofol
        • Sevoflurane
        • Dexmedetomidine
        • Desflurane
        • Remifentanil
        • Midazolam
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Molecule Type:
        • Propofol
        • Sevoflurane
        • Dexmedetomidine
        • Desflurane
        • Remifentanil
        • Midazolam
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Molecule Type:
        • Propofol
        • Sevoflurane
        • Dexmedetomidine
        • Desflurane
        • Remifentanil
        • Midazolam
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Baxter International Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • AstraZeneca
    • AbbVie Inc.
    • B. Braun Melsungen AG
    • Fresenius SE & Co. KGaA
    • Hospira Inc.
“*” marked represents similar segmentation in other categories in the respective section.

 

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us: