USD 1.46 billion
Inhalation Anesthesia Market Size, Share, Growth Analysis, By Drug (Sevoflurane, Desflurane), By End User (Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2217 |
Region:
Global |
Published Date: November, 2024
Pages:
200
|Tables:
89
|Figures:
67
Inhalation Anesthesia Market Insights
Global Inhalation Anesthesia Market size was valued at around USD 1.46 billion in 2022 and is expected to rise from USD 1.60 billion in 2023 to reach a value of USD 3.28 billion by 2031, at a CAGR of 9.4% over the forecast period (2024–2031).
Surging incidence of chronic diseases and rising demand for anesthesia in healthcare establishments are projected to bolster the sales of inhalation anesthesia products over the coming years. The increasing volume of surgical procedures around the world is also a key factor that will help increase the demand for inhalation anesthesia across the study period and beyond. Advancements in the development of new anesthetic technologies and growing investments in the development of new anesthetic techniques are also creating new business scope for inhalation anesthesia companies. Growing geriatric population and demand for special pediatric anesthesia will also bolster inhalation anesthesia market growth in the long run. On the contrary, adverse effects on health, absence of skilled anesthesiologists, and high costs of advanced anesthesia delivery systems are also expected to slow down inhalation anesthesia demand outlook in the long run.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Isoflurane
Growth Rate
9.4%
Global Inhalation Anesthesia Market ($ Bn)
Country Share for North America Region (%)
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Inhalation Anesthesia Market Segmental Analysis
Global Inhalation Anesthesia Market is segmented by Drug, Application End Use and region. Based on Drug, the market is segmented into Sevoflurane, Desflurane, Isoflurane, and Others. Based on Application, the market is segmented into Induction, and Maintenance. Based on End-Use, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application
The maintenance segment is projected to bring in major revenue for inhalation anesthesia companies over the coming years. Increasing emphasis on keeping patients under anesthesia for longer periods of time for surgery and recovery is projected to help this segment maintain a dominant share of the global inhalation anesthesia market. More precise and better control of anesthetic stage through proper inhalation anesthesia maintenance is also a key factor that helps this segment hold a high market share.
On the other hand, the demand for inhalation anesthesia for induction applications is projected to rise at a notable pace across the study period and beyond. Most used inhalation anesthetic for induction is Sevoflurane and increasing investments in the development of novel anesthetics using sevoflurane will further create new opportunities from this segment.
Analysis by Drug
Sevoflurane is projected to account for a dominant share of the global inhalation anesthesia demand outlook. The high market share of this segment can be linked to the high potency and efficacy of Sevoflurane drug in inducing and maintaining anesthetic state for patients. Faster emergence and recovery times with Sevoflurane are also expected to help promote market growth in the future. However, the high costs of Sevoflurane could reduce its market share in the long run.
The demand for Isoflurane is projected to surge at an impressive pace across the study period and beyond. High affordability of Isoflurane as compared to other inhalation anesthetics is estimated to play a crucial role in promoting inhalation anesthesia market growth over the coming years. Growing demand for affordable anesthetics and rising awareness regarding Isoflurane will further help boost market growth via this segment.
Global Inhalation Anesthesia Market By application
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Inhalation Anesthesia Market Regional Insights
North America is projected to account for a dominant share of the global inhalation anesthesia market. The presence of a developed healthcare infrastructure and growing volume of surgeries performed in this region are helping it led the global inhalation anesthesia demand outlook. High availability of advanced anesthetic products, growing healthcare expenditure, and increasing geriatric population are also expected to promote inhalation anesthesia market development in this region. The United States and Canada are forecasted to be the top markets for inhalation anesthesia providers in this region.
Surging investments in healthcare infrastructure development and rising prevalence of chronic diseases are projected to make the Asia Pacific region the most opportune market. Rising use of inhalation anesthesia in more surgeries performed in this region will also promote inhalation anesthesia demand going forward. China, India, and Japan are estimated to be at the forefront of inhalation anesthesia market growth in the Asia Pacific region going forward.
Global Inhalation Anesthesia Market By Region
- Largest
- Fastest
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Inhalation Anesthesia Market Dynamics
Drivers
Rising Number of Surgical Procedures
- A surge in incidence of chronic diseases has resulted in a high number of surgeries being performed around the world, which in turn is projected to promote the demand for inhalation anesthesia over the coming years. The crucial role of anesthesia in surgeries will create new growth opportunities.
Advancements in Anesthesia Technologies
- Growing investments in medical R&D have resulted in significant advancements in anesthesia drugs and even anesthesia delivery device technologies as well. Improved safety and efficacy of these advanced anesthesia products will also favor market development.
Restraints
Dearth of Anesthesiologists
- The number of skilled anesthesiologists available to administer inhalation anesthesia is quite low and probably even dropping in parts of the world. This absence of skilled professionals to handle inhalation anesthesia will slow down market growth potential going forward.
High costs of Advanced Delivery Devices
- Advanced inhalation anesthesia delivery devices are expensive as they use novel technologies to safely administer anesthesia and improve the product's overall efficacy. However, not all healthcare institutions have the budget for these expensive devices, which in turn, impedes inhalation anesthesia demand outlook.
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Inhalation Anesthesia Market Competitive Landscape
Inhalation anesthesia companies should focus on launching new training programs to help address the lack of skilled anesthesiologists around the world. Mergers, partnerships, and acquisitions are also expected to emerge as preferred strategies for inhalation anesthesia companies looking to improve their overall market share. Developing eco-friendly inhalation anesthesia products will also be a major trend for new as well as leading inhalation anesthesia providers in the future.
Top Player’s Company Profiles
- Baxter International Inc. (USA)
- Halocarbon Products Corporation (USA)
- Piramal Critical Care (India)
- AbbVie Inc. (USA)
- Fresenius Kabi AG (Germany)
- GE Healthcare (USA)
- Hikma Pharmaceuticals PLC (UK)
- Linde Plc (Ireland)
- Drägerwerk AG & Co. KGaA (Germany)
- Mindray Medical International Limited (China)
- Shenzhen Landwind Industry Co., Ltd. (China)
- Medtronic Plc (Ireland)
- Beijing Aeonmed Co., Ltd. (China)
- Smith’s Group plc (UK)
- Teleflex Incorporated (USA)
- Masimo Corporation (USA)
- Penlon Ltd. (UK)
- Dameca A/S (Denmark)
- Soma Technology, Inc. (USA)
- Narang Medical Limited (India)
Recent Developments
- Sedana Medical AB, a medical technology company based in Sweden announced the launch of Sedaconda in February 2022. Sedaconda is a type of isoflurane inhalation anesthetic that was approved for use in European countries in 2021.
- Sevoflurane and Isoflurane anesthetic products were acquired by Dechra Pharmaceuticals back in January 2022. The company overtook these products from Halocarbon Life Sciences and extended its market share in the global inhalation anesthesia market.
- Dechra Pharmaceuticals, a company based in the United Kingdom announced its new strategic partnership with Respirair Global in April 2022. The move is expected to help Respirair expand its offering of anesthetics in the United States market by leveraging Dechra’s expertise in the business.
Inhalation Anesthesia Key Market Trends
- Demand for Sustainable Anesthetic Agents: Inhalation anesthesia manufacturers can focus on the development of anesthetic agents that have no or minimal impact on the environment and are compliant with the modern sustainability mandates. This trend will help inhalation anesthesia companies stand out in the future.
- Use of Artificial Intelligence to Improve Anesthesia Management: Inhalation anesthesia providers should focus on integrating artificial intelligence and other advanced technologies to improve their operations and business scope in the long run. Use of AI can also help automated anesthesia administration to a certain extent and boost market growth in the long run.
Inhalation Anesthesia Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing surgical procedure volumes and advancements in anesthetic technologies are projected to bolster the demand for inhalation anesthesia over the coming years. However, the high costs of advanced inhalation anesthesia delivery devices are estimated to impede market growth in the future. The presence of a developed healthcare infrastructure and rising number of surgeries performed helps North America maintain a dominant market share. Development of eco-friendly inhalation anesthesia products will pay off big time for inhalation anesthesia companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.46 billion |
| Market size value in 2031 | USD 3.28 billion |
| Growth Rate | 9.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Inhalation Anesthesia Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Inhalation Anesthesia Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Inhalation Anesthesia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Inhalation Anesthesia Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Inhalation Anesthesia Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Inhalation Anesthesia Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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