Global General Anesthesia Drugs Market, By Drug Molecule (Desflurane, Isoflurane, Sevoflurane, Propofol, Etomidate, Methohexital, Thiopentone, Midazolam, and Ketamine), By Route of Administration (Intravenous Anesthetia and Inhalation Anesthesia), By End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 4,956.15 Billion in 2023 and is expected to exhibit a CAGR of 3.9% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The key market players are focusing on adopting growth strategies, such as launch of new drug molecules, which will drive the global general anesthesia drugs market growth. For instance, in July 2022, Cosmo pharmaceuticals, a global pharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) approved BYFAVO (Remimazolam), indicated for the sedation during surgical procedures. It uses target controlled infusion with short and expected duration of sedation, short recovery time, rare accumulation after long-term infusion, and lesser side effects as compared with those of other currently used Benzodiazepines molecule of general anesthesia drugs.
Global General Anesthesia Drugs Market - Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting drug market on and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of things from one place to another.
COVID-19 had a negative impact on the global general anesthesia drugs market. For instance, In June 2022, an article published by Journal of Anaesthesiology, under the section Clinical Pharmacology, reported patients receiving various drug therapies for COVID-19 or had received in the recent past are not feasible for a safe interval before surgical intervention after contacting COVID-19. As anti-COVID-19 drugs may also interact with anesthetic and analgesic drugs causing ‘drug-drug, drug-body systems, and disease-body systems’ which becomes crucial to understand for an anesthesiologist for an optimal uneventful perioperative care.
Global General Anesthesia Drugs Market: Key Developments
On 10- 12 Nov, NYSORA announces it’s 8th International Symposium for advances in Regional Anesthesia, Pain, and Perioperative Medicine. The program features interactive exchanges of experiences and education and review of clinical advances in the anesthetia industry. Agenda covers updates in pharmacology, practice protocols, techniques, and patient-management trends. This conference will provide an global opportunity to learn and networking for the Anesthetia market
In September 2021, Haisco Pharmaceutical Group Co., Ltd. a China based pharmaceutical company, completed the Phase III Clinical Trial for evaluating the efficacy and safety of ciprofol injection for the induction of sedation/anesthesia in subjects undergoing gynecological outpatient surgeries.
On July 17, 2023, virtual American Society of Anesthesiologists presented a measurement tool which is used to reduce overinflation of a device, that is located on breathing tubes. It protects the patient’s airway during general anesthesia that helps in prevention of complication like sore throat.
Browse 37 Market Data Tables and 36 Figures spread through 180 Pages and in-depth TOC on “Global General Anesthesia Drugs Market”- Forecast to 2030, Global General Anesthesia Drugs Market, By Drug Molecule [Desflurane, Isoflurane, Sevoflurane, Propofol, Etomidate, Methohexital, Thiopentone, Midazolam, Ketamine], By Route of Administration (Intravenous Anesthetia, Inhalation Anesthesia), By End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/general-anesthesia-drugs-market-524
Key Takeaways of the Global General Anesthesia Drugs Market:
- The Global General Anesthesia Drugs Market is expected to exhibit a CAGR of 4.1% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global General Anesthesia Drugs market.
- Among Route of Administration, the intravenous anesthetia segment is expected to hold a dominant position in the global general anesthesia drugs market during the forecast period and this is attributed to the increasing research and development activities by key market players. For instance, in May 2021, Jiangsu HengRui Medicine Co., Ltd., a pharmaceutical company, started clinical trial to check the efficacy and safety of remimazolam tosilate for injection in local anesthesia assisted sedation.
- Among region, North America is expected to be the dominant region in the global General Anesthesia Drugs market, owing to the key players focusing on organic strategies like product launching. For instance, in April 2022, Avet Pharmaceuticals Inc launched generic Propofol Injectable Emulsion USP 10 mg/mL, in 20, 50 and 100 ml vials which is an intravenous general anesthetic and sedation drug indicated for the initiation and maintenance of monitored anesthesia care.
- Major players operating in the Global General Anesthesia Drugs Market are Baxter Healthcare, Dr. Reddy's Laboratories, Fresenius Kabi, Pfizer Inc., Hikma Pharmaceuticals, Sagent Pharmaceuticals, Teva Pharmaceuticals, Par Pharmaceutical, Viatris Inc., AbbVie, Piramal Critical Care, Aspen Global Incorporated, B. Braun SE, Abbott, COSMO PHARMACEUTICALS, Hospira Inc., Maruishi, Hengrui, and Lunan.
