Global Inhalation Anesthesia Market

Inhalation Anesthesia Market Size, Share, Growth Analysis, By Application (Maintenance, Induction), By Drug (Sevoflurane, Isoflurane), By End User (Hospitals, Ambulatory Surgical Centers,), By Region -Industry Forecast 2024-2031

Report ID: SQMIG35B2212 | Region: Global | Published Date: October, 2024
Pages: 200 | Tables: 89 | Figures: 67

Inhalation Anesthesia Market Insights

Global Inhalation Anesthesia Market was valued at USD 1.45 Billion in 2022 and is expected to rise from USD 1.58 Billion in 2023 to USD 3.15 Billion by 2031, at a CAGR of 9% during 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.

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Global Inhalation Anesthesia Market was valued at USD 1.45 Billion in 2022 and is expected to rise from USD 1.58 Billion in 2023 to USD 3.15 Billion by 2031, at a CAGR of 9% during the forecast period (2024–2031).

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. 'Halocarbon Products Corporation', 'Sandoz International GmbH', 'Fresenius Kabi AG', 'AbbVie Inc.', 'Baxter International Inc.', 'Hikma Pharmaceuticals PLC', 'Jiangsu Hengrui Medicine Co. Ltd', 'Lunan Pharmaceutical Group Co. Ltd', 'Merck KGaA', 'Piramal Enterprises Limited', 'Troikaa Pharmaceuticals Ltd.'

Rising Number of Surgical Procedures

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.

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.

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Global Inhalation Anesthesia Market

Report ID: SQMIG35B2212

$5,300
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