Inhalation Anesthesia Market Size Worth USD 3.49 Billion 2032 | Emergen Research

The global inhalation anesthesia market size was USD 1.43 Billion in 2022 and is expected to register a rapid revenue CAGR of 9.5% during the forecast period. The global inhalation anesthesia market is experiencing substantial growth, driven by increasing demand for surgical procedures and technological advancements in anesthesia delivery systems. Key factors contributing to market expansion include the adoption of closed-loop anesthesia delivery systems, rising prevalence of chronic diseases, and advancements in inhalation anesthesia technology.

Closed-loop anesthesia delivery systems, utilizing sophisticated algorithms to adjust drug delivery based on real-time patient monitoring, have revolutionized the administration of anesthesia. These systems ensure precise control of anesthesia depth, reducing the risk of overdosing or underdosing and improving patient outcomes. Moreover, the integration of technologies such as brain function monitoring and Artificial Intelligence (AI) is enhancing efficiency and quality in the inhalation anesthesia industry.

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The prevalence of chronic diseases, such as heart disease, stroke, cancer, and diabetes, is driving the need for surgical interventions, thus increasing the demand for inhalation anesthesia. As the global population ages, the incidence of age-related health issues requiring surgical intervention rises, further contributing to market growth. Additionally, the adoption of minimally invasive and robotic surgery techniques is fueling demand for inhalation anesthetics.

Technological advancements, including gas recapture technology and advanced monitoring systems, are improving the efficiency and outcomes of inhalation anesthesia. For instance, Baxter's partnership with ZeoSys aims to introduce eco-friendly gas recapture technology to hospitals, reducing environmental impact and enhancing operational efficiency.

However, the market faces challenges due to the side effects associated with inhalation anesthesia drugs, which vary in severity and duration among individuals. Nausea and vomiting are common side effects, occurring in up to 80% of patients, leading to complications such as dehydration and electrolyte imbalance.

Segment Insights:

Product Dynamics:

• Sevoflurane dominates the market due to its quick onset, rapid recovery, and minimal impact on heart rate and blood pressure.
• Isoflurane is expected to witness steady growth due to its affordability and effectiveness in various surgical procedures.

Application Insights:

• The maintenance segment is anticipated to hold a significant market share, driven by advancements in technology and the introduction of newer inhalation anesthetics with longer durations of action.
• The induction segment is expected to register moderate growth, catering to the rising demand for minimally invasive procedures.

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Inhalation Anesthesia Top Companies and Competitive Landscape

The global inhalation anesthesia market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective inhalation anesthesia solutions.

Some major players included in the global inhalation anesthesia market report is:

• Baxter
• AbbVie Inc.
• Piramal Enterprises Ltd.
• Sandoz Group AG
• Fresenius Kabi AG
• Abbott
• Halocarbon, LLC
• Hikma Pharmaceuticals PLC.
• Eisai Co., Ltd
• Novartis AG

Inhalation Anesthesia Latest Industry News

• On 10 January 2022, Dechra announced to acquire Isoflurane and Sevoflurane, two key inhalation anesthetics, from Halocarbon Life Sciences. Dechra's acquisition enhances its anesthesia portfolio, providing vets with more choices for safe and effective pain management during procedures. Isoflurane and sevoflurane seamlessly complement Dechra's existing offerings in sedation and anesthesia, creating a comprehensive solution for vet clinics. This acquisition marks a positive step for Dechra, further strengthening its position in the veterinary market and potentially improving the quality of care.

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Inhalation Anesthesia Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global Inhalation anesthesia market on the basis of product, application, end-use, and region:
• Product Outlook (Revenue, USD Billion; 2019-2032)
o Desflurane
o Isoflurane
o Sevoflurane
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Induction
o Maintenance
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Hospital
o Ambulatory Surgical Center (ASC)
o Others

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