Inhalation Sedatives Global Market To Reach Value Of About $2 Billion In 2025
13 Dec, 2021
Global Inhalation Sedatives Market Size And Drivers:
The global inhalation sedatives market is expected to grow from $1.28 billion in 2020 to $1.34 billion in 2021 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The inhalation sedatives market is expected to reach $1.62 billion in 2025 at a CAGR of 5%. The short onset and duration time of inhalation sedative is expected to drive the inhalation sedative market.
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Trends In The Global Inhalation Sedatives Market
The production of generic inhalation sedatives is expected to be the new trend in the inhalation sedatives market. Generics are a type of drug that has the same chemical formula, dosage form, dose and effect as that of the patented drug but are produced by the companies when the patent expires. The generic inhalation sedatives production has increased for the last few years. For instance, in January 2019, Novartis’ division Sandoz has launched a liquid for inhalation called desflurane in the United States, a first generic of an inhalation agent suprane that is used for induction and maintenance in adults and pediatrics. Health Canada has given a receipt of a drug identification number to Blue-Zone Technologies Ltd that permits it to launch the generic desflurane drug. Therefore, the production of generic inhalation sedatives is expected to become the new trend in the inhalation sedatives market.
Global Inhalation Sedatives Market Segments:
The global inhalation sedative market is further segmented –
By Product: Sevoflurane, Desflurane, Isoflurane, Nitrous Oxide
By Application: Induction, Maintenance
By End-User: Hospitals, Ambulatory Surgical Centers, Others
By Geography: The global inhalation sedatives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/inhalation-sedatives-global-market-report-2020-30-covid-19-growth-and-changeInhalation Sedatives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides inhalation sedatives market overviews, analyzes and forecasts market size and growth for the global inhalation sedatives market, inhalation sedatives market share, inhalation sedatives market players, inhalation sedatives market segments and geographies, inhalation sedatives market’s leading competitors’ revenues, profiles and market shares. The inhalation sedatives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.