23rd March 2020 – Inhalation
Anesthesia Market research report interprets definition, an investigation
of significant progress in the market. It provides overall industry survey,
product description, wide array of applications, top players, and development
forecast. It enhances understanding about that market along with new business
trends.
The global Inhalation Anesthesia
Market is estimated to witness a CAGR of 3.5% between 2019 and 2025. The factors boosting the market include increasing occurrence of
cancer, respiratory ailments, cardiovascular ailments, gastrointestinal
problems, and neurological disorders. The latest trend in this regard is demand
from the developing economies like India as it is becoming a hub of road
mishaps.
These accidents ask for surgery; which,
in turn, drives the demand for anesthesia. Inhalation anesthesia is preferred
over injectable anesthesia as it proves to be less painful.
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Desflurane, isoflurane, and sevoflurane
constitute the inhalation anesthesia market in liquid form and xenon,
cyclopropane, and nitrous oxide in the gaseous form. They are used to induce
and maintain anesthesia during surgeries. Sevoflurane does hold the highest
market share; thanks to its cost-effectiveness, high potency, and therapeutic
advantages. On the other note, isoflurane is expected to grow at the fastest
pace as geriatric population is on the rise worldwide and it smoothens the
cardiac surgeries.
As far as geography is concerned, North
America rules the roost due to immediate adoption of medical innovation,
increasing number of chronic diseases, and strong reimbursement. Europe follows
suit. Asia Pacific is likely to grab the maximum market share due to the
reasons stated above.
At the same time, the market is subject
to restraints in the form of ill-effects of anesthetic gases. It has been
reported that these gases do add around 1% of CO2 to the atmosphere; thereby
contributing to environmental imbalance. Novel techniques and methods are on
the anvil for reprocessing and reutilizing anesthetic gases. Anesthesia
Reclamation LLC and Deltasorb Technologies are into creation of recycling
systems.
Some of the key facts from the
report:
• Sevoflurane was the torchbearer in
2018; valued at $768.6 Million.
• Isoflurane is expected to grow at the
quickest CAGR of 6.3% due to demand from geriatric patients.
• North America accounted for $456
Million in 2018 due to healthcare being prioritized all across the U.S. and
Canada.
• The players contributing to the
market include AbbVie Inc.; Fresenius Kabi AG; Jiangsu Hengrui Medicine Co.
Ltd.; Piramal Enterprises Limited; Lunan Pharmaceutical Group Co. Ltd.; Hikima
Pharmaceuticals PLC; Baxter; and Halocarbon Products Corporation.
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