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What key factors are powering the surge in the inhalation anesthesia market right now?

The market size of inhalation anesthesia has significantly expanded in the last few years. It is projected to surge from $1.54 billion in 2024 to $1.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.9%. The notable growth observed during the historical period is attributed to a surge in surgical procedures needing anesthesia, the growing older population, advancements in inhalation anesthetics, the enlargement of ambulatory surgical establishments, and a rising prevalence of chronic disorders such as cardiac disease and cancer.

How fast Is the inhalation anesthesia market expected to grow, and what’s its future value?

In the coming years, the inhalation anesthesia market is set to experience a significant expansion. The market size is projected to increase to $2.34 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. This anticipated growth during the forecast period is largely due to the increasing demand for minimally invasive surgeries, escalating worldwide healthcare spending, a rising number of surgical procedures in emerging markets, the employment of inhalation anesthesia in the field of veterinary medicine, and an uptick in government spending on the research and development of advanced inhalation anesthetics. Major forthcoming trends during the forecast period include technological advancements in anesthesia delivery systems, the creation of inhalation anesthesia equipment for pediatric applications, a move towards sevoflurane and desflurane, an emphasis on environmentally friendly anesthetic agents, and the consolidation of monitoring technologies within anesthesia delivery.

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What are the leading drivers of growth in the inhalation anesthesia market?

The forecasted escalation of inhalation anesthesia can be attributed to the increasing ageing population. As senior citizens are more susceptible to degenerative diseases and chronic illnesses, this often results in a rise in necessary surgeries and therapeutics, catalyzing the inhalation anesthesia market growth. The elderly population, more prone to health issues like cardiovascular, neurological, respiratory, and degenerative disorders, is fostering the market expansion. Administering anesthesia intravenously often becomes difficult in elderly patients due to complications such as punctured blood vessels and challenges with patient compliance. For instance, the World Health Organization, located in Switzerland, projected in October 2022, that the global populace of individuals aged sixty or over will likely rise to 1.4 billion by 2022, a sharp increase from 1 billion in 2020. Furthermore, it’s predicted that by 2030 one in every six people worldwide will be sixty or older. Therefore, the escalation in the aging population is likely to augur well for the demand for inhalation anesthesia over the forecast period.

What are the key segments defining the inhalation anesthesia market?

The inhalation anesthesia market covered in this report is segmented –

1) By Product: Sevoflurane, Desflurane, Isoflurane, Nitrous Oxide

2) By Application: Induction, Maintenance

3) By End User: Hospitals, Ambulatory Surgical Centers

Subsegments:

1) By Sevoflurane: Liquid Form, Gas Form

2) By Desflurane: Liquid Form, Gas Form

3) By Isoflurane: Liquid Form, Gas Form

4) By Nitrous Oxide: Medical-Grade Nitrous Oxide, Industrial-Grade Nitrous Oxide

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Who are the key players steering the development of the inhalation anesthesia market?

Major companies operating in the inhalation anesthesia 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., Piramal Enterprises Ltd., Recipharm AB, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Wockhardt Ltd., AstraZeneca PLC, C. H. Boehringer Sohn AG & Co. KG, Bristol-Myers Squibb Company, Eisai Co. Ltd., GlaxoSmithKline PLC, Johnson & Johnson Inc., Merck & Co. Inc., Novartis AG, Pfizer Inc., F. Hoffmann-La Roche AG, Sanofi S. A., Takeda Pharmaceutical Company Limited, Teijin Pharma Limited, UCB S. A., Zydus Lifesciences Limited

What emerging trends are influencing the growth of the inhalation anesthesia market?

Firms in the inhalation anesthesia sector are focusing on the creation of innovative offerings like Sedaconda to fulfill market requirements and secure a global foothold. Sedaconda, an inhaled sedation solution used with the help of an Anaesthetic Conserving Device (ACD), has been authorized for use in intensive care. Sedana Medical AB, a Swedish medical tech and pharmaceutical company, brought Sedaconda (isoflurane) to the German market in February 2022. The medical device called Sedaconda ACD (Anaesthetic Conserving Device) delivers Sedaconda (isoflurane), which is the only approved inhaled sedation therapy for use in intensive care environments. After attaining the European DCP approval in July 2021, Sedaconda (isoflurane) has been nationally approved in 14 other nations.

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Which regions are most influential in expanding the inhalation anesthesia market?

North America was the largest region in the inhalation anesthesia market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inhalation anesthesia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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