Inhalation Anesthesia Market Worth $1.4 Billion by 2025 | CAGR: 3.5%: Grand View Research, Inc.

Monday, November 5, 2018 Drug News
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SAN FRANCISCO, November 5, 2018 /PRNewswire/ --

The global inhalation anesthesia market size is expected

to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting 3.5% CAGR during the forecast period. Increase in number of surgical interventions requiring anesthesia, rising in awareness
about delirium, and predictable nature of these drugs are some of the factors expected to drive the market over the forecast period. These drugs are metabolized through lungs; thus, they have very low chances of interacting with other medicines. Hence, these drugs are the preferred choice for patients who are critically injured and require a shorter duration of anesthesia.

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Inhalation anesthesia has an advantage over other intravenous agents and is considered safer by surgeons. Rising adoption of these drugs in major markets such as U.S., Europe, and Japan is expected to drive revenue growth between 2018 and 2025. The global inhalation anesthesia market, by product, was dominated by sevoflurane with a revenue share of 70.0% in 2017. Higher preference for sevoflurane over other agents due to comparatively lower delirium, lower resistance, and cost effectiveness owing to shorter induction and wake up time as compared to intravenous drugs are some of the factors contributing to a larger revenue share.

North America accounted for the dominant revenue share of 40.6% in the global market in 2017, followed by Europe. U.S. accounted for close to 90.0 % of the North America market in 2017 due to higher adoption of these agents and soaring number of surgeries performed in the country. Developing economies such as India, South Africa, Brazil, and China have witnessed lower adoption of these agents due to high price of equipment required to administer inhalation anesthesia, shortage of expertize, and lack of proper healthcare facilities. However, these markets are expected to witness a rise in adoption over the coming years owing to growing healthcare expenditure.

The Asia Pacific market is expected to register a CAGR of 4.0% between 2018 and 2025 owing to factors such as large surgical patient pool, developing healthcare infrastructure, and rising healthcare tourism in countries like India. These factors are expected to promote robust growth and provide lucrative opportunities for manufacturers. Presence of several generic drug manufacturers in local markets is also expected to reduce prices of these drugs in the region.

Browse full research report with TOC on "Inhalation Anesthesia Market Size, Share & Trends Analysis Report By Application (Induction, Maintenance), By Product (Sevoflurane, Desflurane, Isoflurane), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/inhalation-anesthesia-market

Further Key Findings From the Report Suggest: 

  • North America held a majority share in the revenue in 2017 due to higher adoption of inhalation anesthesia drugs and increasing number of surgeries
  • U.S. accounted for close to 90.0 % of the North America market in 2017 due to higher adoption of these agents and soaring number of surgeries performed in the country
  • Asia Pacific is anticipated to be the fastest growing market with a CAGR of 4.0 % between 2018 and 2025
  • Some of the key market players in this market are Halocarbon Products Corporation; Baxter; Hikma Pharmaceuticals PLC; Lunan Pharmaceutical Group Co., Ltd.; Piramal Enterprises Ltd.; Jiangsu Hengrui Medicine Co. Ltd.; AbbVie Inc.; and Fresenius Kabi Ag.

Browse related reports by Grand View Research: 

  • Nanocapsules Market - The global nanocapsules market size was valued at USD 1.9 billion in 2015 and is expected to witness attractive CAGR of 7.9% over the forecast period. 
  • Pharmaceutical Analytical Testing Outsourcing Market - The global pharmaceutical analytical testing outsourcing market size was valued at USD 4.4 billion in 2015.
  • Medical Marijuana Market - The global medical marijuana market size was valued at USD 11.4 billion in 2015 and is projected to grow with CAGR of 17.1% during the forecast period.
  • Osteoporosis Drugs Market - The global osteoporosis drugs market size was accounted for USD 11.5 billion in 2015 and is expected to grow at a CAGR of 3.3% over the forecast period.

Grand View Research has segmented the global inhalation anesthesia market on the basis of product, application, and region: 

  • Inhalation Anesthesia Product Outlook (Volume (000' Units); Revenue (USD Million), 2014 - 2025) 
    • Sevoflurane
    • Desflurane
    • Isoflurane
  • Inhalation Anesthesia Application Outlook (Volume (000' Units); Revenue (USD Million), 2014 - 2025) 
    • Induction
    • Maintenance
  • Inhalation Anesthesia Regional Outlook (Volume (000' Units); Revenue (USD Million), 2014 - 2025) 
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Spain
    • Asia Pacific
      • China
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • South Africa

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

SOURCE Grand View Research, Inc.



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