Global Anesthesia Drugs Market
The Global Anesthesia Drugs Market has been estimated at USD 11.54 billion in 2016 and is projected to reach USD 14.11 billion by 2021, at a CAGR of 3.4% during the forecast period from 2016 to 2021. Anesthetic is a drug which causes anesthesia, which is a reversible loss of sensation. The different types of anesthesia drugs are general anesthesia, spinal or epidural anesthesia, interscalene block, IV regional anesthesia, local anesthesia, peripheral nerve block, saddle block or caudal anesthesia, etc.
These drugs are usually used to assist surgery. These drugs are used to produce loss of consciousness before and during surgery. However, for obstetrics (labor and delivery) or certain minor procedures, an anesthetic may be given in small amounts to relieve anxiety or pain without causing unconsciousness. Some of the anesthetics may be used for certain procedures in a medical doctor's or dentist's office.
Increasing number of surgeries, development of new sedative & anesthetic drugs, reduction in the cost of newly invented drugs and decrease in the recovery time after surgery are some of the reasons driving the growth of the market. Risk of side effects of anesthesia drugs, lack of skilled anesthetists to administer the drugs and risk of adverse reactions of anesthesia drugs are some of the major constraints hindering the market growth.
This market can be broadly segmented into type and routes of administration. The market is segregated further by type as general anesthesia, spinal anesthesia, interscalene block, IV regional anesthesia, local anesthesia, peripheral nerve block, saddle block anesthesia. Inhalation and injection are the two forms of routes of administration.
The market has also been geographically segmented into North America (US, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain & Portugal, Scandinavia, BENELUX), Asia Pacific (India, China, Japan, South Korea, and Australia & New Zealand), Middle East and North Africa (GCC, Algeria, Egypt, Sudan and Morocco) and South America (Argentina, Brazil, Colombia, Chile, Peru and Venezuela).
The major companies dominating this market for its products and services are Baxter, Hospira, Abott, Roche, Novartis, Pfizer, Piramal, AstraZeneca, Boehringer Ingelheim, etc.
Key Deliverables in the Study
Market analysis for the Global Anesthesia Drugs Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Anesthesia Drugs Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.