Press release
inhalation anesthesia market to reach USD 1.4 billion by 2025 | AbbVie, Inc.,Baxter ,Lunan Pharmaceuticals Co Ltd ,Piramal Healthcare
Global inhalation anesthesia market to reach USD 1.4 billion by 2025.
Global inhalation anesthesia market is valued approximately USD 1.1 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2018-2025. Better patient outcomes resulting from inhalation anesthesia as compared to intravenous variants along with the increase in number of number of surgeries are the key trends that are responsible for the wide adoption of inhalation anesthesia globally.
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Major driver for the growth of global inhalation anesthesia market is the growing prevalence of chronic diseases that in turn have created the demand for surgical procedures positive. Chronic diseases are of long duration and progress slowly caused due to lifestyle choice, environment exposure, heredity and genetic vulnerability. Some of the leading chronic diseases in the world are diabetes, cancer, mental disorders, stroke, cardio vascular diseases, obesity, and arthritis. As per data released by World Health Organization (WHO), chronic diseases result in average 16 million mortality worldwide. Every year, over 12 million new cases of cancer are detected and over 7.5 million people die from it.
According to World Health Organization (WHO), it is predicted that by 2030, 23.3 million people would be fatally affected by CVD, CHD and other heart diseases. Overall, death due to chronic diseases in the world is anticipated to increase from 40 million in 2016 to 52 million 2030 as per WHO. More than 80% of the deaths are caused by cancer, diabetes, chronic respiratory diseases, and cardiovascular disease. Inhalation anesthesia are extensively used while performing surgical procedures, hence with the growing prevalence of chronic diseases, the demand for inhalation anesthesia would grow substantially. Further, growing geriatric population, escalating number of emergency cases and accident and reduction in the recovery time subsequently surgery with the use of inhalation anesthesia are the other major factors driving global inhalation anesthesia market. However, side effects associated with anesthesia and low availability of skilled anesthetics experts are the major factors that impede the growth of global inhalation anesthesia market.
The regional analysis of inhalation anesthesia market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW.
Leading players covered in the Global inhalation anesthesia market report:
• AbbVie, Inc.
• Baxter
• Lunan Pharmaceuticals Co Ltd
• Piramal Healthcare
• Halocarbon Products Corporation
• Jiangsu Hengrui Medicine Co. Ltd.
• Fresenius Kabi AG
• Halocarbon Products Corporation
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The analysts have segmented the Global inhalation anesthesia market by product outlook, application, and region.
By Product Outlook:
• Sevoflurane
• Desflurane
• Isoflurane
By Application:
• Induction
• Maintenance
By Regions:
• North America
• Europe
• Asia Pacific
• LAMEA
• ROW
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