New Study Offers Detailed Insights on Muscle Relaxant Drugs Market
Muscle Relaxant Drugs Market: Drivers and Restraints
Global market for muscle relaxant drugs is primarily driven by increasing incidence of lower back pain, surge in number of surgical procedures and expanding geriatric population. Low back pain has been ranked among the top 5 causes of physician visits in the U.S. In 2007, The American Pain Society and the American College of Physicians published a guideline for the treatment of low back pain in which skeletal muscle relaxants are recommended as a second line therapy for low back pain. Moreover, changing prescription practices may alter the growth rate of muscle relaxant drugs market. For instance, even though muscle relaxants drugs are not recommended as a first line of therapy 35% of patients suffering from non-specific lower back pain are prescribed with muscle relaxants in the U.S. However, severe side effects related to muscle relaxant drugs such as habituation and respiratory arrest will restrict the growth of global muscle relaxant drugs market.
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Muscle Relaxant Drugs Market: Segmentation
The global muscle relaxant drugs market has been segmented on the basis of product type, formulation, retail sales channel, and geography.
Based on product type, the global muscle relaxant drugs market is divided into following:
Peripherally Acting Muscle Relaxants
Neuromuscular Blocking Agents (e.g. Tubocurarine,
Direct Acting Muscle Relaxants (e.g. Dandroline, )
Facial Aesthetic Relaxants (e.g. Botulinum toxin A)
Centrally Acting Muscle Relaxants (e.g. Carisoprodol, Chlorzoxazone etc.)
Based on formulation, the global muscle relaxant drugs market is divided into following:
Solid Oral Formulations
Based on retail sales channels, the global muscle relaxant drugs market is segmented as below:
Muscle Relaxant Drugs Market: Overview
The global market for muscle relaxant drugs is expected to gain traction during the forecast period due to increasing aging population and availability of generic drugs. Centrally acting muscle relaxant drugs segment is expected to hold the largest share in the global muscle relaxant drugs market due to increasing number of prescriptions. However, facial aesthetic relaxants segment is expected to witness highest growth rate due to increasing number of facial and cosmetic surgeries and changing perception of beauty all over the world. Increasing usage of neuromuscular blocking agents during general surgeries would drive the growth of global market for muscle relaxant drugs
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Muscle Relaxant Drugs Market: Regional Wise Outlook
Geographically, the global muscle relaxant drugs market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America will continue to hold largest share in the global muscle relaxant drugs market due to rising number of ANDA applications being filed by the key players. Europe is expected to hold second largest share in global market for muscle relaxant drugs market. However, APAC is expected to witness highest growth rate due to expansion activities by the key players in the regionand launch of generic muscle relaxant drug formulations.
Muscle Relaxant Drugs Market: Key Players
Some of the market players operating in global muscle relaxant drugs market are Abbott Laboratories, Mallinckrodt plc., Medtronic Neuromodulation (Medtronic Inc.), Vertical Pharmaceuticals LLC, Johnson & Johnson, Par Sterile Products, LLC., Endo Pharmaceuticals, Inc., SteriMax Inc. and others. Companies are facing patent cliff as majority of the muscle relaxant drugs have lost the patent exclusivity. However, generic players such as Upsher Smith Laboratories, Inc., Orient Pharma Co., Ltd. and others are introducing generic versions of these drugs in the global muscle relaxant drugs market.
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