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Inhalation Anesthesia Global market Size, Share, Trends, Forecast to 2033
Inhalation Anesthesia Global Market Size, Share, Trends, Forecast to 2033
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LONDON, GREATER LONDON, UNITED KINGDOM, October 31, 2024 /EINPresswire / -- The inhalation anesthesia market is projected to grow from $1.46 billion in 2023 to $1.56 billion in 2024, at a compound annual growth rate (CAGR) of 7.1%. The growth during the historic period can be attributed to an increase in surgical procedures requiring anesthesia, a growing geriatric population, advancements in inhalation anesthetics, the expansion of ambulatory surgical centers, and a rising prevalence of chronic diseases such as heart disease and cancer.
What Is The Estimated Market Size Of The Global Inhalation Anesthesia Market And Its Annual Growth Rate?
The inhalation anesthesia market is expected to reach $2.14 billion in 2028, growing at a compound annual growth rate (CAGR) of 8.2%. This growth in the forecast period is driven by rising demand for minimally invasive surgeries, increasing global healthcare expenditure, a growing number of surgical procedures in emerging markets, expanded use of inhalation anesthesia in veterinary medicine, and increased government funding for research and development of innovative inhalation anesthetics.
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Growth Driver Of The Inhalation Anesthesia Market
The growing geriatric population is expected to drive the expansion of the inhalation anesthesia market in the coming years. Older individuals are more prone to chronic and degenerative conditions, which often require surgical interventions and therapeutic procedures. This surge in surgeries boosts the demand for inhalation anesthesia, as it is often more suitable for elderly patients who may face difficulties with intravenous anesthesia due to punctured blood vessels or compliance
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Who Are the Leading Competitors in the Inhalation Anesthesia Market Share?
Key players in the market include Abbvie Inc., Baxter International Inc., Fresenius SE & Co. KGaA, Halocarbon Products Corporation, Hikma Pharmaceuticals PLC, B. Braun Melsungen AG, Lunan Pharmaceutical Group Co. Ltd., Maruishi Pharmaceutical Co. Ltd., Mylan N. V., Piramal Enterprises Ltd., Recipharm AB, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Wockhardt Ltd., AstraZeneca PLC, C. H. Boehringer Sohn AG & Co. KG, Bristol-Myers Squibb Company, Eisai Co. Ltd., GlaxoSmithKline PLC, Johnson & Johnson Inc., Merck & Co. Inc., Novartis AG, Pfizer Inc., F. Hoffmann-La Roche AG, Sanofi S. A., Takeda Pharmaceutical Company Limited, Teijin Pharma Limited, UCB S. A., Zydus Lifesciences Limited.
Which Key Trends Are Driving Inhalation Anesthesia Market Growth?
The growing geriatric population is expected to drive the expansion of the market in the coming years. Older individuals are more prone to chronic and degenerative conditions, which often require surgical interventions and therapeutic procedures. This surge in surgeries boosts the demand for inhalation anesthesia, as it is often more suitable for elderly patients who may face difficulties with intravenous anesthesia due to punctured blood vessels or compliance
How Is The Global Inhalation Anesthesia Market Segmented?
1) By Product: Sevoflurane, Desflurane, Isoflurane, Nitrous Oxide
2) By Application: Induction, Maintenance
3) By End User: Hospitals, Ambulatory Surgical Centers
Geographical Insights: North America Leading The Inhalation Anesthesia Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Inhalation Anesthesia Market Definition
Inhalation anesthesia involves medications administered in operating rooms to induce and maintain general anesthesia. These anesthetics produce varying levels of drowsiness, from mild sedation to full general anesthesia, allowing for pain-free surgical procedures. Inhalation anesthesia is primarily used to initiate and sustain general anesthesia during surgeries.
Inhalation Anesthesia Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global inhalation anesthesia market report covering trends, opportunities, strategies, and more
The Inhalation Anesthesia Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on inhalation anesthesia market size, inhalation anesthesia market drivers and trends, inhalation anesthesia market major players and inhalation anesthesia market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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