Muscle Relaxant Drug Market Value Projected to Expand by 2029

Muscle Relaxant Drug Market is projected to grow significantly during the forecast period. Muscle relaxants are utilized to relax and reduce tension in the muscle. It primarily cures two conditions including spasticity or rigidness of the muscles caused by cerebral palsy, multiple sclerosis; and muscle spasms which are tension headache, low back pain, or fibromyalgia. Some of the commonly used drugs include methocarbamol, baclofen, and tizanidine that blocks over-excited neuronal pathways in the brain or spinal cord. Whereas dantrolene and botulinum toxins act directly on the muscle. 

The key factors that drive the growth of the market include the rising geriatric population. The aging population is projected to increase significantly during the forecast period. According to WHO, the geriatric population is going to be double in 2050 as compared to 2000. Globally, in 2000, the proportion of the population over 65 years was 11.0%, which is expected to reach 22.0% by 2050. Older age is a primary risk factor, as they are more prone to diseases as well as muscle and joint pains. Thus, this is likely to increase the growth of the market during the forecast period.

Additionally, increased focus of the key players on the development of novel drugs for the treatment of pain, rapid drug approvals, increased number of surgeries is some other factors that fuel the market growth during the forecast period. However, side effects associated with the muscle relaxant drugs is challenging the market growth. Besides, the key players are expected to provide growth opportunities to the market by various product launches and drug innovations. For instance, in March 2017, Cadila Healthcare Ltd. received approval from the US FDA to market a muscle relaxant named tizanidine hydrochloride capsules, in the US market.

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Muscle Relaxant Market Segmentation

 By Product Type 

Peripherally Acting Muscle Relaxants
Facial Aesthetic Relaxants
Centrally Acting Muscle Relaxants 

By Formulation

Oral
Injectable

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Regional Analysis                                                                                                                                                                            

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

AbbVie Inc.
Acorda Therapeutics Inc.
Aurobindo Pharma Ltd.
Cadila Healthcare Ltd.
DBL Pharma Inc.
Reddy's Laboratories Ltd.
Endo Pharmaceuticals Inc.
Ipsen Biopharmaceuticals Inc.
Johnson & Johnson Services Inc.
Merck & Co. Inc.
Mylan NV
Neurana Pharmaceuticals
Novartis International AG
Orient Pharma Co. Ltd. 
Par Pharmaceutical Inc.
Pfizer Inc.
Vertical Pharmaceuticals LLC

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