General Anesthesia Drugs Market 2019 Sales, Revenue, Margin, Industry Growth with Baxter, B. Braun, AbbVie, Aspen, Fresenius Kabi, Arbor Pharmaceuticals, Air Liquide

Research Solution Insights presents professional and in-depth study of "General Anesthesia Drugs market: Global Industry Analysis, size, sales and Forecast by 2024".

Introduction

General anesthetics are drugs that have the ability to bring about a reversible loss of consciousness. Anesthetists administer these drugs to induce or maintain general anaesthesia to facilitate surgery. Some of these drugs are also used in lower dosages for pain management.

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General Anesthesia Drugs can be divided into two categories, Intravenous Anesthetics, accounting for 69.62% and Inhalational Anesthetics, accounting for 30.38%. Intravenous Anesthetics widely used drugs are: Propofol, Etomidate, Midazolam, Barbiturates (such as thiopental), and so on. Desflurane, Isoflurane and Sevoflurane are the most widely used Inhalational Anesthetics. Propofol hold the largest market share of General Anesthesia Drugs with 33.83% market share. Sevoflurane market share is over 21.17%, being the second largest market share of General Anesthesia Drugs.

Europe is the largest supplier and consumption market of General Anesthesia Drugs, with a production market share of nearly 38% and sales market share nearly 32%. The second place is USA, following Europe with the production market share of 20% and the sales market share over 28%. Asia is another important market of General Anesthesia Drugs, enjoying 24% production market share and 25% sales market share.

The worldwide market for General Anesthesia Drugs is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 8170 million US$ in 2024, from 6500 million US$ in 2019, according to a new WMR study.

This report focuses on the General Anesthesia Drugs in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

High growth in the number of surgeries and rise in geriatric population will drive the overall general anesthesia drugs market

The increasing volume of surgical procedures across the globe is likely to drive the overall growth of the anesthesia drugs market in the forecast period. Anesthesia is used during different surgical procedures which are conducted to manage various diseases including gastrointestinal diseases, cardiovascular diseases, spinal abnormalities, urological disorders, orthopedic deformities, and brain tumors.

The significant growth in the number of surgeries, especially in the European countries will help in the growth of the general anesthesia drugs market in this region. For example, the amount of laparoscopic colostomy surgeries tripled in Spain and doubled in Slovenia between 2008 and 2014. Different types of surgeries performed in various ASCs or ambulatory surgical centers include hernia procedure, cervix and uterus removal, transurethral excision, lens and cataract, and hysterectomy. The increase in geriatric population as well as the growth in the number of surgeries will fuel the growth of the general anesthesia drugs market in the near future.

The major players operating in the global general anesthesia drugs market are Baxter, B. Braun, AbbVie, Aspen, Fresenius Kabi, Arbor Pharmaceuticals, Air Liquide, Avera Pharmaceuticals, GSK, Eisai, Jiangsu HengRui Medicine, Lannett Company, Johnson & Johnson, Merck, Mydent International, Nuvo Pharmaceuticals, Novalar Pharma, Paion UK, Primex Pharmaceuticals, Pfizer,St. Renatus, The Medicines Company, and Takeda.

Conclusion

The worldwide market for General Anesthesia Drugs is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 8170 million US$ in 2024, from 6500 million US$ in 2019, according to a new WMR study.

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