Overview:

The global general anesthesia drugs market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Anesthesia drugs are usually used during the surgical procedures in order to avoid the pain while performing the surgery. General anesthesia is given to patient to avoid or limit intensity of the pain and to bring out the patient from anesthesia after short time. Anesthesia stops the nerve signal that reaches to brain which in turn stops the feeling of pain for a particular period of time.

Market Dynamics:

Increasing prevalence of chronic diseases and rising number of surgical procedures across the globe is resulting in growing demand for general anesthesia drugs. Technological advancements in drug delivery devices and changing anesthesiology technique are among the other factors expected to support growth of the global market.

In addition, growing government spending on development of healthcare infrastructure, high investment for R&D activities, and favorable reimbursement policies are some other factors expected to positively impact growth of the target market. However, factors such as side effects of anesthesia drug and lack of skilled professionals in developing countries are expected to hamper the growth of the global market to certain extent.

Key Trends:

Development of novel anesthesia drugs with low side effects is key trend expected to support growth of the market. For example, in 2018, Aurobindo Pharma received approval from US Food & Drug Administration (USFDA) to manufacture and market Vecuronium Bromide 10mg and 20mg injection. Vecuronium Bromide injection is majorly used as general anesthesia in order to provide relaxation to skeletal muscle during surgery or mechanical ventilation.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is expected to hold significant revenue share in the global general anesthesia drugs market, owing to growing number of patients suffering from various chronic diseases such as cancer and rising surgical procedures. In addition, presence of major players operating in countries and innovative product offerings are factors expected to support the growth of target market in this region. The Europe holds second largest market share followed by the market in Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global General Anesthesia Drugs Market, By Drug Type:

• Propofol
• Sevoflurane
• Dexmedetomidine
• Desflurane
• Remifentanil
• Midazolam
• Others

Global General Anesthesia Drugs Market, By Route of Administration:

• Inhalation
• Injection
• Topical
• Others

Global General Anesthesia Drugs Market, By End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers

Key Players Covered:

Key players operating in the market includes, Freud Tools, AKE Knebel GmbH & Co. KG, PILANA a.s., Leuco Tool Corporation, Dimar Tooling, Wagen (Ferrotec Global), KANEFUSA Corporation, Leitz GmbH & Co. KG, SKIL Power Tools (Bosch), Lenox Tools, STARK SpA, and Kinkelder B.V.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global General Anesthesia Drugs Market by drug type, route of administration, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global general anesthesia drugs market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.