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Anesthetics Market Share, Opportunities Analysis, Recent Trends, Regional Growth And Outlook By 2033
Anesthetics Market Analysis
The Business Research Company offers in-depth market insights through Anesthetics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The anesthetics market size has grown strongly in recent years. It will grow from $9.2 billion in 2023 to $9.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to historical industry shifts and market competition, historical environmental and ethical concerns, historical consumer preferences, historical disease outbreaks and pandemics, economic conditions and healthcare expenditure.
The anesthetics market size is expected to see strong growth in the next few years. It will grow to $12.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to market demand variation, advancements in drug formulations, emerging markets and demographics, consumer preferences and awareness, competitive landscape and industry consolidation. Major trends in the forecast period include cost-effective anesthetic solutions, global health challenges, regulatory changes and safety measures, awareness and training, drug development and innovation.
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Market Segmentation:
The anesthetics market covered in this report is segmented -
1) By Type: General Anesthetics, Local Anesthetics
2) By Route of Administration: Inhalation Anaesthesia Drugs, Intravenous Anaesthesia Drugs, Topical Anaesthesia Drugs
3) By Application: General Surgeries, Plastic Surgery, Cosmetic Surgeries, Dental Surgeries, Other Applications
Sub-Segments-
By Local Anesthetics: Bupivacaine, Ropivacaine, Lidocaine, Chloroprocaine, Articaine, Benzocaine, Other Local Anesthesia Drugs
By General Anesthetics: Propofol, Sevoflurane, Desflurane, Dexmedetomidine, Remifentanil, Midazolam, Other General Anesthesia Drugs
Major Driver - Road Safety Report Reveals Alarming Accident Rates
The increase in the number of accidents is one of the major drivers of the market due to the applications of anesthetic drugs during surgical procedures. This rise is mainly due to increasing incidents of injuries and accidents that require surgeries. For example, according to WHO's Global status report on road safety, the number of road accidents reached 1.35 million, with approximately 64 deaths for every 100,000 vehicles.
Competitive Landscape:
Major companies operating in the anesthetics market report are Connecticut General Life Insurance Company, Pfizer Inc., F. Hoffmann-La Roche AG, AbbVie Inc., Novartis International AG, AstraZeneca plc, Abbott Laboratories Inc., Boehringer Ingelheim International GmbH, Fresenius SE & Co. KGaA, Viatris Inc., Baxter International Inc., Teva Pharmaceutical Industries Limited, Mylan NV, B. Braun Melsungen AG, Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Reddy's Laboratories Inc., Hikma Pharmaceuticals plc, Aspen Pharmacare Holdings Limited, Amneal Pharmaceuticals LLC, Mallinckrodt Pharmaceuticals Ltd., Piramal Enterprises Limited, Pacira BioSciences Inc., Maruishi Pharmaceuticals Co. Ltd., Claris Lifesciences Limited, Paion AG, Thera Wise, Hameln Pharmaceuticals Ltd., DLC Laboratories Inc., Verve Health Care Ltd.
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Top Trend - Innovation Drives Anesthetics Market
Major companies operating in the anesthetics market are innovating new products, such as train pulse oximeter to increase their profitability in the market. A train pulse oximeter is a type of pulse oximeter that is designed for use in low-resource settings, such as in remote or rural areas where access to medical equipment may be limited. For instance, in July 2022, Smile Train, Inc., a US-based nonprofit organization and charity providing corrective surgery for children with cleft lips and palates launched the Lifebox-Smile Train pulse oximeter. The Lifebox-Smile Train pulse oximeter is a low-cost device that can monitor the oxygen saturation of patients during surgery, making anesthesia safer.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Anesthetics Market Characteristics
3. Anesthetics Market Trends And Strategies
4. Anesthetics Market - Macro Economic Scenario
5. Anesthetics Market Size And Growth
…..
27. Anesthetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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