Anesthesia Drugs Market Research Report - Forecast To 2030

Anesthesia Drugs Market information, by type of anesthesia (General Anesthesia, Regional Anesthesia, Local Anesthesia, and others), by Types of Drugs (General Anesthetics, Local Anesthetics, and others), by Route of administration (inhalation, intravenous, and others) - Forecast to 2030

ID: MRFR/Pharma/1868-HCR | November 2022 | Region: Global | 85 Pages         

Anesthesia Drugs Market

The anesthesia durgs market is expected to grow USD 4.9 billion, to grow by 3.7% by 2022-2030

Segmentation

By Type Anesthesia General Anesthesia Regional Anesthesia Local Anesthesia and others
By Types of Drugs General Anesthetics Local Anesthetics and others
By Route of administration inhalation intravenous and others

Key Players

  • Apotex
  • Baxter International Inc.
  • Akorn
  • Pfizer Inc
  • Heritage Pharmaceuticals Inc.
  • Piramal Enterprises Limited
  • Sanofi Fresenius SE & Co
  • Novartis AG
  • AbbVie
  • GlaxoSmithKline plc
  • Abbott Laboratories

Drivers

  • Geriatric population
  • Improved access to healthcare
  • High per capita income
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Anesthesia Drugs Market overview:


The Anesthesia Drugs Market will obtain a value of USD 4.9 billion and a CAGR of 3.7% between 2022-2030.


Using anesthetic medications results in a brief loss of sensation or awareness. They are divided into two groups: general anesthetics, which result in a temporary loss of consciousness, and local anesthetics, which result in a temporary loss of sensation in a particular region of the body but have no effect on consciousness. Anesthesia drugs are given during surgery to make patients more comfortable. Depending on the procedure and the patient's health, several types and intensities of anesthesia may be utilized.


Anesthesia is when the body loses sensation and awareness due to the preoperative use of particular medications. The aging global population is also driving the market for anesthesia drugs. Due to the aging population's increased susceptibility to chronic diseases, there has been a concomitant increase in the number of chronic diseases. Studies reveal that persons over 65 accounts for about 53% of all surgical procedures. The more operations performed, the longer these people will live and the more surgeries they may require in the future. As a result, the aging population is a key element driving the market for anesthesia drugs.


More treatments may be carried out each year due to the significant financial investments made in the healthcare sector. Each year, new techniques are performed because of advancements in technology. As the number of surgeries increases, so does the demand for anesthetic medications. It offers the market tremendous growth possibilities. The availability of novel anesthetic drugs boosts demand and broadens commercial possibilities.


Covid analysis 


The covid 19 pandemic is affecting the general anesthesia drugs market. Few challenges create plenty of inconsistencies in the market. The supply chain of the general anesthesia market is affected due to the pandemic. The manufacturing process of the market is affected. A slowdown in production can lead to a decline in demand. During this period, the hospitals are primarily focusing on covid 19 cases. The need to stop the spread and treat the covid patients is high. Most of the hospitals are flooded with covid patients. Hospitals are delaying surgeries.


 Further, these patients require intensive care. It takes plenty of time for a covid patient to recover from the virus. Severe covid patients require more than a month of treatment in hospitals. Only emergency surgeries are taking place in many hospitals. Due to the fewer surgeries, the anesthesia drugs market is facing low demand. Post covid 19, the need for anesthesia drugs will grow more. The demand for the market is expected to rise tremendously with fewer cases of covid. Overall anesthesia drugs market is affected. 


Market dynamics 



  • Crucial market drivers 


As per anesthesia drugs market forecast, prevalence of chronic illnesses acts as a crucial driver for this market. There are plenty of chronic disease cases globally. Cancer, heart disease and illnesses require surgeries. Especially, the growth of cancer leads to high demand in anesthesia drugs market. According to the national cancer institute, there are over 16 million cancer survivors every year. The common types of cancers are breast, lung, kidney, prostate and colon. Due to the prevalence of these diseases, the requirement for surgeries is expanding in many regions. During surgeries, anesthesia acts as the main component that keeps the patient in an unconscious state.


 Surgery is known as the best cure for any cancer. As a mainstream treatment, most cancer patients go through several surgeries. All these factors lead to the tremendous demand for the anesthesia drugs market. Further, access to healthcare is improving in many regions. Earlier many patients do not get proper healthcare services. The rising health care infrastructures incline patients to get good treatments. Due to this, the number of patients agreeing to surgeries as in increased. The improved per capita income is another factor that raises the demand for anesthesia drugs. All these demand driving factors of the market will lead to exceptional revenue rates. 



  • Market growth opportunity 


The volume of surgeries is rising in many regions. Earlier, only a limited amount of surgeries were conducted in hospitals. However, enhanced healthcare infrastructure leads to more volume of surgeries an every year. The growth in new surgeries will lead to exceptional anesthesia drugs market growth opportunities. The increase in the frequency of surgeries is because of many factors. 


The heavy investments in the healthcare sector allow more surgeries in a year. According to an international report, the surgeries volume is increasing by 7% a very year. The new developments and technologies make it possible to conduct such new surgeries every year. With more amounts of surgeries, the need for anesthesia drugs increases. It creates immense growth opportunities for the market. Further, new anesthesia drugs are approved by the hospitals. The launch of new anesthesia drugs attracts more demand and growth possibilities for the market. 



  • The market restraints 


The risks involved with anesthesia are a restraining factor in the market. The use of anesthesia in some cases requires special considerations. Especially, the pediatric and pregnant population requires a warrant before the use of general anesthesia. Using general anesthesia in children, pregnant women and pregnant animals can cause side effects.


Anaesthesia may react differently in these cases. Using sedative drugs for more than 3 hours in these cases may result in nerve cell issues. The use of general anesthesia in painful surgeries is essential for children, pregnant women and pregnant animals. However, proper testing and care are required. It is a crucial restraint that can hamper anesthesia drugs market growth in the forecast period. 



  • The market challenges 


There are plenty of regulatory issues in the anesthesia drugs market. It is tough to get approval for a new type of anesthesia drug. In some regions the compliance standards and regulations are stringent. It is a significant challenge of the market that can decline demand. Due to stringent regulatory norms, the supply of the product can delay. Less demand and growth rate for the anesthesia drugs market.


Further, anesthesia drugs are handled only by anesthesiologists. Not all doctors are qualified to provide anesthesia for patients. The proper amount of the drugs can benefit and help the patient tolerate painful surgeries. Overdose can lead to side effects and even death. However, the lack of anesthesiologists in many regions is a primary challenge of this market. 



  • Cumulative growth analysis 


The growth rate of the anesthesia industry trends remains positive in the forecast period. There are few factors that continuously proper demand. The prevalence of chronic illness and the need for surgeries lead to high market demand. Growth of the geriatric population in more surgeries leads to high demand for anesthesia drugs.


 Enhanced healthcare systems incline more patients to opt for surgeries. All these factors drive tremendous demand in the forecast period. The side effects of the drugs are a factor that hampers the overall growth. However, the development of new drugs and increased in the frequency of surgeries creating promising growth opportunities. 



  • Value chain analysis 


North America dominates with the highest anesthesia drugs market share. The demand for anesthesia drugs is massive in this region. Drugs such as propofol, dexmedetomidine, neuromuscular, midazolam are high. New developments of anesthesia drugs are surging in this region. 


The rising rate of surgeries is the significant cause of high market demand. Surgical procedures are efficient and successful. Due to this, the anesthesia drugs go hand in hand in every surgical procedure. The applications of general anesthesia are wide in North America. The wide range of applications of the drugs contributes to the high revenue rates of the market. 


Segment overview 


By route administration 



  • Methohexital Sodium

  • Sevoflurane

  • Ketamine

  • Desflurane

  • Benzodiazepines

  • Isoflurane

  • Nitrous Oxide

  • Propofol


By end-user 



  • Ambulatory centre 

  • Hospitals 

  • Pharmaceutical companies 


By region 



  • Asia pacific 

  • North America 

  • Europe 


Competitive landscape 


The anesthesia market has high competition in the forecast period. Market expansion, acquisition, partnership are the key strategies in the competitive landscape. The new product launch will lead to whole new end users for the market. The market expansion strategies will bring massive developments in the market. 


Regional analysis 


The anesthesia drugs market is diversified into Asia Pacific, North America, and Europe. Every year plenty of surgeries happen in North America. Cancer, heart disease, cardiovascular surgeries are high in this region. Due to the prevalence of these surgeries the market is facing plenty of growth opportunities. The United States anesthesia drugs market & forecast shows promising trends.


The easy approval of new anesthesia brings favourable changes to the market. Further, with the presence of key players, the launch and innovation in the market are immense. The Asia Pacific will witness the fastest growth rate. The healthcare infrastructure in this region is developing. It is creating quick adoption of anesthesia drugs. All these regional players will be responsible for high revenue rates. 


The key players of the anesthesia drugs market are 



  1. Apotex

  2. Baxter International Inc. 

  3. Akorn 

  4. Pfizer Inc

  5. Heritage Pharmaceuticals Inc.

  6. Piramal Enterprises Limited

  7. Sanofi Fresenius SE & Co 

  8. Novartis AG

  9. AbbVie

  10. GlaxoSmithKline plc

  11. Abbott Laboratories


Recent Developments 


Hikma Pharmaceuticals PLC (Hikma) launched Bupivacaine HCl Injection, USP, in December 2021 through its US affiliate, Hikma Pharmaceuticals USA Inc. The company has introduced 0.25 percent, 0.5 percent, and 0.75 percent concentrations in 10mL and 30mL doses.


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 4.9 billion
  CAGR   2022-2030: 3.7%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type of anesthesia, Types of Drugs, Route of administration
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Abbott Laboratories (US), Astrazeneca PLC (British–Swedish), Baxter International Inc. (US), Hospira, Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Hikma Pharmaceuticals PLC (UK), AbbVie Inc. (US), Fresenius Se & Co. Kgaa (Germany)
  Key Market Opportunities   New product developments
  Key Market Drivers

  • Prevention or reduction of the feeling of pain
  • Prevent pain during surgery


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    Frequently Asked Questions (FAQ) :

    anesthesia drugs market is projected grow at approximately 3.7% CAGR during the assessment period (2022-2030).

    The valuation of the global anesthesia drugs market is estimated to increase to USD 4.9 BN by the end of 2030.

    Abbott Laboratories (USA), AbbVie Inc. (USA), AstraZeneca PLC (British–Swedish), F. Hoffmann-La Roche Ltd. (Switzerland), Baxter International Inc. (USA), Fresenius Se & Co. KGA (Germany), Hospira, Inc. (USA), and Hikma Pharmaceuticals PLC (UK), are some of the major players operating in the anesthesia drugs market.

    North America holds the largest share in the global anesthesia drugs market, followed by Europe and the Asia Pacific, respectively.

    Rise in various kinds of surgeries and patient condition and increasing awareness and rising focus on health management are the major tailwinds pushing the growth of the global anesthesia drugs market.