At what pace is the anesthetics market growing, and what is its estimated value?
The anesthetics market size has grown strongly in recent years. It will grow from $9.7 billion in 2024 to $10.27 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to historical industry shifts and market competition, historical environmental and ethical concerns, historical consumer preferences, historical disease outbreaks and pandemics, economic conditions and healthcare expenditure.
The anesthetics market size is expected to see steady growth in the next few years. It will grow to $12.36 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to market demand variation, advancements in drug formulations, emerging markets and demographics, consumer preferences and awareness, competitive landscape and industry consolidation. Major trends in the forecast period include cost-effective anesthetic solutions, global health challenges, regulatory changes and safety measures, awareness and training, drug development and innovation.
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Which Market drivers have played a significant role in driving the anesthetics market?
The increase in the number of accidents is one of the major drivers of the market due to the applications of anesthetic drugs during surgical procedures. This rise is mainly due to increasing incidents of injuries and accidents that require surgeries. For example, according to WHO’s Global status report on road safety, the number of road accidents reached 1.35 million, with approximately 64 deaths for every 100,000 vehicles. Therefore, the growing number of accidents is driving the growth of the anesthetic market going forward.
What are the key segments within the anesthetics market?
The anesthetics market covered in this report is segmented –
1) By Type: General Anesthetics, Local Anesthetics
2) By Route of Administration: Inhalation Anesthesia Drugs, Intravenous Anesthesia Drugs, Topical Anesthesia Drugs
3) By Application: General Surgeries, Plastic Surgery, Cosmetic Surgeries, Dental Surgeries, Other Applications
Subsegments:
1) By General Anesthetics: Inhalational Anesthetics, Intravenous Anesthetics
2) By Local Anesthetics: Esters, Amides
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Which key players are shaping the anesthetics market?
Major companies operating in the anesthetics market include Pfizer Inc., F. Hoffmann-La Roche AG, AbbVie Inc., Novartis International AG, AstraZeneca plc, Abbott Laboratories Inc., Boehringer Ingelheim International GmbH, Fresenius SE & Co. KGaA, Viatris Inc., Baxter International Inc., Teva Pharmaceutical Industries Limited, B. Braun Melsungen AG, Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Reddy’s Laboratories Inc., Hikma Pharmaceuticals plc, Aspen Pharmacare Holdings Limited, Amneal Pharmaceuticals LLC, Mallinckrodt Pharmaceuticals Ltd., Piramal Enterprises Limited, Pacira BioSciences Inc., Maruishi Pharmaceuticals Co. Ltd., Claris Lifesciences Limited, Paion AG, Thera Wise, Hameln Pharmaceuticals Ltd., DLC Laboratories Inc., Verve Health Care Ltd.
Which transformative trends will shape the anesthetics market landscape?
Major companies operating in the anesthetics market are innovating new products, such as train pulse oximeter to increase their profitability in the market. A train pulse oximeter is a type of pulse oximeter that is designed for use in low-resource settings, such as in remote or rural areas where access to medical equipment may be limited. For instance, in July 2022, Smile Train, Inc., a US-based nonprofit organization and charity providing corrective surgery for children with cleft lips and palates launched the Lifebox-Smile Train pulse oximeter. The Lifebox-Smile Train pulse oximeter is a low-cost device that can monitor the oxygen saturation of patients during surgery, making anesthesia safer.
How do regional factors impact the anesthetics market, and which region is the largest contributor?
The countries covered in the anesthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Anesthetics Market Report 2025 Offer?
The anesthetics market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Anesthetics refer to any refer to any substance, including pain, that causes a local or widespread lack of sensation. Anesthesia suppresses reactions to sensory input by acting on the brain or peripheral nervous system. These drugs are used to give a sense of calm to patients through muscle relaxation, which also causes amnesia.
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