As per the report, the valuation of the global inhalation anesthesia market is projected to reach a value of about USD 1.73 billion by 2025, growing at approx. 4.9% CAGR between 2019 and 2025.
Anesthetic agents are utilized during surgical processes to control breathing, pain, blood flow, blood pressure, and heart rhythm & rate. Mainly, inhalational anesthesia is utilized for the administration of general anesthesia and sedation purposes. Nitrous oxide, desflurane, and sevoflurane are most extensively utilized inhalational anesthetics. Generally, inhalational anesthetics lead to respiratory depression, increase in cerebral blood flow, and decrease in cerebral metabolic demand & arterial blood pressure. Nausea is the most ordinary side-effect of inhalation anesthesia.
The key factor contributing to the growth of the global inhalation anesthesia market is the rapid increase in number of elderly people suffering from cardiovascular, cancer, orthopedic, neurological, spinal, gastrointestinal, respiratory, and other disorders and diseases. In addition, the rise in prevalence of numerous chronic diseases like genetic disorders and infectious diseases around the globe is also projected to fuel the market growth during the forecast period. further, the growing count of orthopedic processes like ligament and other soft tissue repair procedures is projected to drive the demand for the daycare ambulatory surgeries surging the use of inhalation anesthesia. Moreover, the growing count of accidents and emergency cases is also anticipated to boost the growth of the global inhalation anesthesia market during the coming period.
The global inhalation anesthesia market is bifurcated based on application, product, end-user, and region. The market, by product, is divided into desflurane, sevoflurane, nitrous oxide, and isoflurane. The market, based on end-user, is categorized into ambulatory surgical centers and hospitals. Among these, in 2018, hospitals segment dominated the market and is anticipated to observe substantial expansion during the forecast period as well owing to the growing demand for numerous surgical procedures on account of suitable reimbursement policies. Based on application, the market is classified into maintenance and induction. Among these, in 2018, the market was ruled by the maintenance segment owing to the escalated use of inhalation anesthesia for general anesthesia’s maintenance as they facilitate more precise control of the anesthetic state at a lower price.
Regionally, in 2018, the global inhalation anesthesia market was governed by North America and is projected to witness substantial expansion during the forecast period as well. This growth can be attributed to the existence of advanced healthcare facilities and the rising incidence of numerous chronic diseases. The requirement for surgical products, comprising ambulatory surgery and inpatient surgery, is the most in North America and is among the key factor for the regional market growth. Likewise, Asia Pacific is also projected to grow at the lucrative rate during the years to come owing to the rising population, accessibility to healthcare insurance, private & public healthcare expenditure, and prevalence of chronic diseases.
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Some of the major players within the global inhalation anesthesia market consist of Baxter International Inc., AbbVie Inc., Halocarbon Products Corporation, Fresenius SE & Co. KGaA., Jiangsu Hengrui Medicine Co., Ltd., Hikma Pharmaceuticals PLC., Novartis AG, Lunan Pharmaceutical Group Co. Ltd, Troikaa Pharmaceuticals Ltd., and Piramal Enterprises Ltd.