Press release
Inhalation Anesthesia Market Share, Growth, Size, Trends And Analysis 2022-2027
According to the latest report by IMARC Group "Inhalation Anesthesia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global inhalation anesthesia market size reached US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2027, exhibiting a growth rate (CAGR) of 3.8% during 2022-2027.Inhalation anesthesia is a medication used in the operating room to provide anesthesia for surgery. It is safe, precise and effective and comprises nitrous oxide, halothane, isoflurane, desflurane and sevoflurane. It offers minimum alveolar concentration and blood and gas solubility coefficient. It is utilized for sedation, refractory bronchospasm and status epilepticus control. Besides this, inhalation anesthesia provides minimal organ toxicity and dose-dependent muscle relaxation. As a result, it is widely employed in hospitals, clinics, and ambulatory and surgical centers around the world.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Inhalation Anesthesia Market Trends and Drivers:
At present, the rising number of road accidents due to over-speeding and drunken and reckless driving represents one of the key factors contributing to the market growth across the globe. Besides this, the growing prevalence of several disorders, such as respiratory, cancer, and gastrointestinal, due to changing lifestyles of individuals is offering a positive market outlook. Apart from this, the increasing number of elective surgeries, such as cleft lip repair, ear tube surgery, hernia repair, and spinal fusion surgery, is positively influencing the market. Moreover, various benefits offered by inhalation anesthesia over injectable anesthesia, such as enhanced safety and effectiveness, are bolstering the growth of the market. Furthermore, the rising demand for sevoflurane agents due to low pungency, a non-irritant odor and a low blood-gas partition coefficient is strengthening the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
Desflurane
Sevoflurane
Isoflurane
Others
Breakup by Application:
Induction
Maintenance
Breakup by End User:
Hospitals
Ambulatory Surgical Centers
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Abbvie Inc.
Baxter International Inc.
Fresenius SE & Co. KGaA
Halocarbon Products Corporation
Hikma Pharmaceuticals PLC
Lunan Pharmaceutical Group Co. Ltd
Merck KGaA
Piramal Enterprises Ltd.
Troikaa Pharmaceuticals Ltd.
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