Global General Anesthesia Drugs Market to Rise at 3.80% CAGR, Boosted by Increased Incidence of Chronic Diseases

The global general anesthesia drugs market is expected to expand at a 3.80% CAGR during the period from 2015 to 2025. Increasing incidence of chronic diseases such as cardiovascular diseases is expected to help the growth of the global general anesthesia drugs market during the forecast period.

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General anesthesia drugs are primarily given to patients to put them in a sedated state before being operated. Leading companies are focused on introducing improved general anesthesia drugs in the Asia Pacific and the Middle East and Africa markets. Growing demand for surgical procedures to treat cardiovascular diseases and other chronic diseases is expected to propel the global general anesthesia drugs market till 2025. Some of the leading players in the global general anesthesia drugs market are Baxter International Inc., AbbVie Inc., Fresenius SE & Co., Hospira Inc.,
AstraZeneca, and B. Braun Melsungen AG. Key players in the global general anesthesia drugs market are focused on introducing new anesthesia drugs with minimum complications and side effects.

The global general anesthesia drugs market is segmented on the basis of product type and geography. Based on product type, the global general anesthesia drugs market is classified into propofol, dexmedetomidine, remifentanil, sevoflurane, desflurane, midazolam, and others. Increase in the number of accidents and craniomaxillofacial surgeries is also predicted to boost the global general anesthesia drugs market during the forecast period.

Increasing Side Effects of Anesthesia Drugs to Hamper Global Market

Some of the factors that are predicted to restrict the growth of the global general anesthesia drugs market are the increasing incidence of side effects of anesthesia drugs, scarcity of effective anesthesia drugs for several surgeries, and high prices of the drugs. R&D into eliminating the side effects of anesthesia drugs such as vomiting, sleep apnea, nausea, allergies, and other complications is expected to result in safer versions of anesthesia drugs, which will alleviate the negative impact of this factor on the global general anesthesia drugs market. Some other factors that could hamper the growth of the global general anesthesia drugs market are the shortage of skilled anesthesiologists and certified and registered nurses, and inadequate insurance coverage.

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Asia Pacific Registers Maximum Chronic Disease Incidence

By geography, the global general anesthesia drugs market is divided into North America, Western Europe, Latin America, Asia Pacific, Eastern Europe, and the Middle East and Africa. Over the past few years, the incidence of cardiovascular and chronic diseases has been growing, especially in the Middle East, Africa, and Asia Pacific. Leading players are thus focusing on introducing inhalation general anesthesia drugs in these regions. Inhalation general anesthesia drugs have the ability to maintain sedation of the patients throughout the surgical procedure and are commonly used on elderly people and children. Asia Pacific is expected to maintain its dominant position in the global general anesthesia drugs market during the forecast period. The North America region is also expected to develop rapidly by 2025.