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Inhalation Anesthetics Market - Growth, Trends, and Forecast (2019 - 2024)

The Inhalation Anesthetics Market is segmented by Type, End User, and Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.2%

Key Players:

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Market Overview

Increase in the number of surgeries performed, globally, is the major factor that is contributing to the growth of the inhalation anesthetics market. For instance, according to the annual estimates of Sedana Medical, there were about 4.5 to 7.5 million people ventilated and sedated worldwide in 2017. Furthermore, rise in population pool, increase in a number of the geriatric population prone to chronic diseases, growing demand for a lesser duration of hospitalization, and increasing accessibility to health services are some of the other factors responsible for the growth of inhalation anesthetics market. As per the UN reports, the global population aged 60 years or over numbered 962 million in 2017, more than twice as large as in 1980, when there were 382 million older persons worldwide. The number of the older population is expected to double again by 2050, projected to reach nearly 2.1 billion. However, side effects associated with the inhalation anesthetics, the lower adoption rate in case of inhaled anesthetics in certain surgical procedures, generic competition for almost all of the halogenated agents, and recent patent expiries are restraining the inhalation anesthetics market growth.

Scope of the Report

Inhalational anesthetics are used for the induction and maintenance of general anesthesia, as well as sedation. The most common inhalational anesthetics are sevoflurane, desflurane, and nitrous oxide. Of these, sevoflurane is the most common because of its rapid onset of action and the fact that patients recover quickly from it. Inhalational anesthetics cause respiratory depression, a decrease in arterial blood pressure and cerebral metabolic demand, and an increase in cerebral blood flow. While side effects differ based on the substance (for example, halothane can cause hepatotoxicity), the most common side effect is nausea.

Type
Desflurane
Sevoflurane
Isoflurane
Other Types
End User
Hospitals
Ambulatory Surgical Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia - Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Sevoflurane holds the major share in the Inhalation Anesthetics Market

Inhalation anesthetics market is segmented into type, end user, and geography. The type segment is further segmented into Desflurane, Sevoflurane, Isoflurane, and other types.

Sevoflurane is the most widely used inhalational anesthetic, owing to its therapeutic advantages and low cost. Sevoflurane is an ether inhalation anesthetic agent with low pungency, a non-irritant odor, and a low blood, gas partition coefficient. It can be rapidly and conveniently administered without discomfort, and its low solubility facilitates precise control over the depth of anaesthesia and a rapid and smooth induction of, and emergence from, general anaesthesia. As an induction and maintenance agent for ambulatory and nonambulatory surgery in children, sevoflurane provides more rapid induction and emergence from anaesthesia than halothane, and has similar or better patient acceptability.

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Asia Pacific is the fastest growing region in the Inhalation Anesthetics Market

The Asia - Pacific is anticipated to have a significant growth due to the presence of high unmet needs, an increase in health awareness, large population base, and an increase in the number of surgeries. According to the WHO report in 2017, it was estimated that about 39.5 million surgeries were performed in China. Moreover, propelling medical tourism due to the availability of cost-efficient and advanced healthcare treatment options, compared to the other geographical regions and increasing adoption of novel technologies are bolstering the growth of inhalational anesthetics market in the Asia- Pacific region. As per the report of Brink Asia Pacific Risk Center in 2017, around 4 million medical tourists traveled to India to seek health care services, 3.5 million foreign patients traveled to Thailand, and 900,000 patients to Singapore in 2016.

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Competitive Landscape

Market players in the inhalation anesthetics market are focusing on the expansion of their product portfolios by adopting inorganic growth strategies, such as acquisitions, mergers, and partnerships. Only a few companies are coming forward with innovative technologies and new product launches. For example, in January 2019, Sandoz, a Novartis division, has launched Desflurane, Liquid for Inhalation, the first generic of Suprane® in the United States, as an inhalation agent for induction and maintenance of anesthesia for inpatient and outpatient surgery in adults, and for maintenance of anesthesia for inpatient and outpatient surgery in pediatric patients.

Major Players

  1. Halocarbon Products Corporation
  2. Baxter
  3. Lunan Pharmaceutical Group Co. Ltd
  4. Piramal Enterprises Limited
  5. Fresenius Kabi AG

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Geriatric Population Prone to Chronic Diseases

      2. 4.2.2 Increasing Number of Emergency Cases

      3. 4.2.3 Growing Demand for Lesser Duration in Hospitalization

      4. 4.2.4 Increasing Accessibility to Health Services and Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Generic Competition for Almost all of the Halogenated Agents

      2. 4.3.2 Recent Patent Expiries

      3. 4.3.3 Side Effects of Inhaler Anesthesia Drugs

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Desflurane

      2. 5.1.2 Sevoflurane

      3. 5.1.3 Isoflurane

      4. 5.1.4 Other Types

    2. 5.2 End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia - Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Halocarbon Products Corporation

      2. 6.1.2 Baxter

      3. 6.1.3 Hikma Pharmaceuticals PLC

      4. 6.1.4 Lunan Pharmaceutical Group Co. Ltd

      5. 6.1.5 Piramal Enterprises Limited

      6. 6.1.6 Jiangsu Hengrui Medicine Co. Ltd

      7. 6.1.7 Fresenius Kabi AG

      8. 6.1.8 AbbVie Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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