What Is the Growth Forecast for the Inhalation Anesthesia Market?
The global inhalation anesthesia market has shown promising growth in recent years. The market size is expected to increase from $1.54 billion in 2024 to $1.65 billion in 2025, boasting a strong compound annual growth rate (CAGR) of 6.9%. The market’s growth can be attributed to rising surgical procedures requiring anesthesia, an expanding geriatric population, improved inhalation anesthetics, and the increasing prevalence of chronic diseases like heart disease and cancer.
The forecast period also looks bright for the inhalation anesthesia market, expected to grow to $2.34 billion in 2029 at a CAGR of 9.1%. This impressive increase can be accredited to the growing demand for minimally invasive surgeries, an expansion in global healthcare expenditure, and increasing surgical procedures in emerging markets.
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What Are the Key Drivers Influencing the Inhalation Anesthesia Market?
The increase in the geriatric population is steerheading the growth of the inhalation anesthesia market. Elderly patients are prone to degenerative diseases and chronic illnesses which lead to an increase in surgeries, thus boosting the market growth. Moreover, administering anesthesia through an intravenous route to geriatric patients can be challenging, this is where inhalation anesthetic proves beneficial. By 2030, the WHO estimates that 1 out of 6 people worldwide will be aged 60 years or older, boosting the demand for inhalation anesthesia.
How Is the Inhalation Anesthesia Market Segmented?
The inhalation anesthesia market covered in this report is categorized by:
1) Product: Sevoflurane, Desflurane, Isoflurane, Nitrous Oxide
2) Application: Induction, Maintenance
3) End User: Hospitals, Ambulatory Surgical Centers
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Who Are the Major Players in the Inhalation Anesthesia Market?
Major players operating 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., and Sandoz International GmbH, among others.
What Are the Emerging Trends in the Inhalation Anesthesia Market?
A key trend in the inhalation anesthesia market is the development of innovative products like Sedaconda by Sedana Medical AB. Sedaconda is an inhaled sedation therapy, delivered using Anaesthetic Conserving Device, approved for intensive care settings. Following the European DCP approval in 2021, Sedaconda has received national approvals in 14 countries.
What is the Regional Analysis for the Inhalation Anesthesia Market?
North America was the largest region in the inhalation anesthesia market in 2024. However, the Asia-Pacific region is expected to showcase the fastest growth during the forecast period.
What Does The Inhalation Anesthesia Market Report 2025 Offer?
Inhalation anesthesia refers to medications used in operating rooms to induce and maintain general anesthesia, and are especially useful for managing operating room patients. The Inhalation Anesthesia Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and valuable opportunities.
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