The global anesthetics market size is expected to grow from $9.24 billion in 2021 to $9.88 billion in 2022 at a compound annual growth rate (CAGR) of 7.0 %. The change in the anesthetics market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $12.24 billion in 2026 at a CAGR of 5.5%.
What is the Global Anesthetics Market?
The anesthetics market consists of sales of drugs that cause a relaxing sensation to calm patients during surgery and remove the sensation of pain. These drugs are used to give a sense of calm to patients through muscle relaxation which also causes amnesia.
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What drives the Global Anesthetics Market?
The increase in the number of surgeries is one of the major drivers of the anesthetics market due to the applications of anesthetic drugs during surgical procedures. This rise is mainly due to increasing incidents of injuries and accidents that require surgeries. For example, according to WHO's Global status report on road safety, the number of road accidents reached 1.35 million, with approximately 64 deaths for every 100,000 vehicles.
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Global Anesthetics Market Segments
The global anesthetics market is segmented:
By Type: General Anesthetics, Local Anesthetics
By Application: General Surgeries, Plastic Surgery, Cosmetic Surgeries, Dental Surgeries, Others
By Route of Administration: Inhalation Anesthesia Drugs, Intravenous Anesthesia Drugs, Topical Anesthesia Drugs
By Local Anesthetics: Bupivacaine, Ropivacaine, Lidocaine, Chloropropane, Articaine, Benzocaine, Others
By General Anesthetics: Propofol, Sevoflurane, Desflurane, Dexmedetomidine, Remifentanil, Midazolam, Others
By Geography: The regions covered in the anesthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Anesthetics Global Market Report 2022 provides market size and growth forecasts for the global anesthetics market, global anesthetics market share, anesthetics market segments and geographies, anesthetics market competitive landscape including leading competitors’ revenues, profiles and market shares. The anesthetics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Anesthetics Industry Players include Baxter, Abbott Laboratories, AstraZeneca, F. Hoffmann-La Roche AG, B. Braun Melsungen AG, AbbVie Inc., Hospira, Aspen, Boehringer Ingelheim International GmbH and Eisai Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
