ANESTHESIA GASES MARKET ANALYSIS

Anesthesia Gases MarketSize and Trends

The global anesthesia gases market was valued at US$ 1,765.0 Mn in 2021 and is forecast to reach a value of US$ 2,266.9 Mn by 2028 at a CAGR of 3.6% between 2022 and 2028. The global anesthesia gases market is experiencing strong growth due to the increase in prevalence of chronic diseases and increase in geriatric (aging) population around the world. Moreover, rise in demand for anesthesia gases and increase in number of surgical procedures across the globe is expected to boost the growth of the market. However, factors such as side effects of anesthesia gases and rise in generic anesthesia usage are expected to hamper growth of the market.

Global Anesthesia Gases Market Trends:

Increasing number of emergency cases is a recent trend

Since anesthesia is an essential part of secondary and tertiary care, pharmaceutical companies and hospitals worldwide need to dig deep to maintain high quality services for the benefit of patients. Major challenges need to be tackled within time, such as innovative approaches to identify the lack of resources and obstacles to providing sustainable patient care. This trend is expected to continue over the forecast period, driving the growth of the market.

Increase in demand for isoflurane gases is another trend

Isoflurane is commonly used for induction and maintenance of general anesthesia in the operating room. These gases are often used in emergency rooms and a variety of surgical interventions. With the increase in emergency visits and increase in number of surgical interventions, the demand for isoflurane gases is also increasing or has increased across the world. This trend is also expected to continue during the forecast period, driving the market growth.