Inhalation Anesthesia Market Size to Boost USD 3.49 Billion By 2032 | CAGR 9.5% - Published by 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. Rising demand for surgical procedures and technological advancements in inhalation anesthesia are key factors driving market revenue growth. Significant products in inhalation anesthesia are Desflurane, Isoflurane and Sevoflurane, which are used in various applications.

The inhalation anesthesia market encompasses pharmaceutical products and devices used to administer anesthesia through inhalation for various medical procedures, including surgery and diagnostic interventions. Inhalation anesthesia agents, such as volatile liquids and gases, are administered via specialized delivery systems, including anesthesia machines and vaporizers, to induce and maintain anesthesia during surgical procedures. These agents act by depressing the central nervous system to achieve unconsciousness, analgesia, and muscle relaxation, making them essential components of modern anesthesia practice.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Inhalation Anesthesia Market :

Several factors drive the growth of the inhalation anesthesia market. One significant driver is the increasing volume of surgical procedures globally, driven by demographic trends such as population growth, aging populations, and the rising prevalence of chronic diseases requiring surgical intervention. Moreover, advancements in anesthesia delivery systems and techniques, including the development of closed-circuit anesthesia systems and the introduction of novel inhalation anesthesia agents with improved safety profiles, contribute to market growth. Additionally, the expanding application of inhalation anesthesia in veterinary medicine and procedural sedation further fuels market demand.

Growth Factors of the Inhalation Anesthesia Market :

The inhalation anesthesia market is driven by various growth factors contributing to its expansion. One key factor is the increasing adoption of inhalation anesthesia techniques and devices in ambulatory and outpatient surgical settings, driven by the growing demand for minimally invasive procedures and shorter recovery times. Furthermore, the expanding application of inhalation anesthesia in emergency medicine, trauma care, and critical care settings presents new growth opportunities for market players. Additionally, ongoing research and development efforts aimed at improving the safety, efficacy, and convenience of inhalation anesthesia agents and delivery systems are expected to drive market innovation and adoption.

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The report also discusses the key players involved in the market such as:

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

The report provides a thorough estimation of the overall impact of the pandemic on the Inhalation Anesthesia Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Inhalation Anesthesia Market

Inhalation Anesthesia Latest Industry Updates

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.

On 2 July 2021, Vectura announced its partnership with Incannex Healthcare to provide preclinical development services for IHL-216A for treating Traumatic Brain Injuries (TBIs). This drug combines , a compound, with isoflurane, an anesthetic. Studies by Incannex suggest the combo reduces brain damage, inflammation, and behavioral problems caused by TBIs. The goal is to administer IHL-216A shortly after head injuries to prevent further damage. The combination of isoflurane, and rapid delivery provides a potential treatment in the fight against brain injuries.

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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)
Desflurane
Isoflurane
Sevoflurane
Application Outlook (Revenue, USD Billion; 2019-2032)
Induction
Maintenance
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Hospital
Ambulatory Surgical Center (ASC)
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of Middle East & Africa

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