Market Research on Anesthesia Drugs Market 2016 and Analysis to 2020
There are two types of drugs namely, local anesthetic and general anesthetic. Local anesthesia is delivered to block pain in a specific body part, generally used for dental treatment, stitching, skin biopsies and several minimally invasive procedures. On the other hand the use of general anesthesia includes more extensive surgical procedures. Several advantages offered by general anesthesia are control of the body process mainly respiratory and circulatory system allows motionless for long duration during surgery and allows operation on different body parts at a time.
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The rise in number of surgeries, aging population and use in pediatrics are the key drivers for the global anesthesia drugs market. U.S.A alone contributes around US$ 3.5 billion market. Around 60-70% of the market share is of intravenous anesthetic in the U.S. market. Diprivan (Propofol) from Astra Zeneca, Lusedra (fospropofol disodium) from Eisai Co. ltd., SUPRANE (desflurane, USP) and AERRANE (isoflurane, USP) from Baxter are few of the top leading brands. Ketamine is an anesthetic drug reported to be one of the long time existing drugs in the market. JHP Pharma offers a branded generic of ketamine known as Ketalar, which remains the top selling brand among general anesthesia. Anesthetics drugs market largely consist of major pharmaceutical companies, niche pain management and generic anesthesia drugs suppliers. Top leading players in anesthesia drugs market are Baxter, Abott Laboratories, AstraZeneca PLC, Eisai Co. Ltd following Claris Life Sciences, Merck and Co., Celgene Corporation, Roche Diagnostics and Piramal Healthcare. Merck is currently struggling to introduce sugammadex facing a third rejection by the FDA.
With the increasing demand of anesthetic drugs in the market worldwide, most of the companies R&D (Research & Development) activities are focused on reducing number of side effects associated with existing anesthetic drugs. Several gender based anesthesia drugs are also being introduced in to the market to cater challenges physiologically linked with both sexes.
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