India Intravenous Anesthetic Market, by Type (Barbiturates, Ketamine, Benzodiazepines, Propofol, and Others) and by End User (Hospitals, Clinics, and Others) is estimated to be valued at US$ 65.0 million in 2019 and is expected to exhibit a CAGR of 2.6% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
Intravenous anesthetics are a group of fast-acting compounds that are used to induce complete sedation. Some of the important intravenous anesthetics include propofol, etomidate, ketamine, and barbiturates. The increasing number of surgeries in India is a key factor that is expected to drive growth of the India intravenous anesthetic market over the forecast period. Moreover, increasing number of heart disease in India is one of the key factor that leads to rising number of different surgeries in India. For instance, according to the CADI Research Foundation data, in 2010, around 47 million Indians suffered from coronary artery disease (CAD). Moreover, around 60,000 coronary bypass surgeries are performed every year in India. Such high number of surgeries performed in India is expected to fuel growth of the India intravenous anesthetic market.
Increasing adoption of surgical robots made advancement in surgical procedures which is expected to fuel growth of the India intravenous anesthetic market over the forecast period. Advancements in surgical products and technologies have led to shift from conventional surgeries to minimally invasive surgeries. The usage of robotic technology conducting minimally invasive surgeries has resulted in significant changes in surgical procedures. The acceptance of robotic surgeries increased the number of surgeries performed in India. Moreover, these increasing surgeries are expected to drive growth of the India intravenous anesthetic market over the forecast period.
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