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Inhalation Anesthesia Market to Garner $1.54 Bn, Globally, by 2026 at 4.2% CAGR, Says Allied Market Research

Rise in number of surgeries and increase in severe road accidents have boosted the growth of the global inhalation anesthesia market.

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News provided by

Allied Market Research

Apr 07, 2020, 10:50 ET

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PORTLAND, Oregon, April 7, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Inhalation Anesthesia Market by Product (Sevoflurane, Desflurane, Isoflurane, and Nitrous Oxide), Application (Induction and Maintenance), and End-User (Hospitals and Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2019–2026".According to the report, the global inhalation anesthesia industry garnered $1.13 billion in 2018, and is anticipated to reach $1.54 billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.

Drivers, restraints, and opportunities

Rise in number of surgeries and increase in severe road accidents have boosted the growth of the global inhalation anesthesia market. However, stringent regulatory scenario hampers the market growth. On the contrary, growth opportunities in the emerging economies would propel the market growth in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6445

Sevoflurane segment dominated the market

Based on product, the sevoflurane segment held the largest share in 2018, accounting for nearly three-fifths of the global inhalation anesthesia market, owing tothe fact that induction of anesthesia with sevoflurane is favorable in neonates compared to isoflurane and desflurane, as it lacks airway irritation.However, the desflurane segment is expected to reach the fastest CAGR of 5.1% during the forecast period. Desflurane is widely used in ambulatory anesthesia as it possesses the properties of an ideal agent that has lower blood gas solubility, resulting in rapid induction and emergence from anesthesia. This property of desflurane is anticipated to contribute to its market growth in the future

Maintenance segment to manifest fastest growth

The maintenance segment is projected to portray the highest CAGR of 4.3% during the study period. Moreover, the segment held the largest share in 2018, accounting for more than four-fifths of the global inhalation anesthesia market. This is due to the fact that inhalational anesthetics are widely and majorly used for the maintenance segment of general anesthesia as well as sedation. The research also analyzes the induction segment.

North America held the lion's share

The global inhalation anesthesia market across North America held the largest share in 2018, contributing to nearly half of the total revenue, due torise in government funds for R&D of novel inhalation anesthesia as well as surge in incidences of cancer.However, the market across Asia-Pacific is expected to manifest the highest CAGR of 6.0% during the forecast period, owing to increase in disorders such as cancer and respiratory that often need surgery.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6445

Major market players

  • AbbVie Inc.
  • Fresenius SE & Co. KGaA.
  • Baxter International Inc.
  • Hikma Pharmaceuticals PLC.
  • Halocarbon Products Corporation
  • Lunan Pharmaceutical Group Co. Ltd
  • Jiangsu Hengrui Medicine Co., Ltd.
  • Piramal Enterprises Ltd
  • Novartis AG
  • Troikaa Pharmaceuticals Ltd.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information:https://www.alliedmarketresearch.com/library-access

Similar Reports:

Anesthesia Breathing Bag Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Anesthesia Face Masks Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

Anesthesia Laryngeal Masks Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

Anesthesia Resuscitators Masks Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web:https://www.alliedmarketresearch.com
Follow Us on LinkedIn:https://www.linkedin.com/company/allied-market-research

SOURCE Allied Market Research

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