Market Size of Global General Anesthesia Drugs Industry
Study Period | 2021-2029 |
Market Size (2024) | USD 5.28 Billion |
Market Size (2029) | USD 6.25 Billion |
CAGR (2024 - 2029) | 3.59 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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General Anesthesia Drugs Market Analysis
The Global General Anesthesia Drugs Market size is estimated at USD 5.28 billion in 2024, and is expected to reach USD 6.25 billion by 2029, growing at a CAGR of 3.59% during the forecast period (2024-2029).
The primary goal of general anesthesia is to make a patient unconscious and not feel pain during the surgical procedure. The increasing prevalence of diseases such as cancer, cardiovascular diseases, arthritis, and others among the population raises the need for effective management of the disease through pharmaceuticals, physical therapy, and surgeries, which in turn fuel the demand for general anesthesia drugs to render a patient unconscious and unable to feel painful stimuli while controlling autonomic reflexes during surgeries.
The increasing burden of cancer among the population raises the demand for treatment through a surgical intervention that involves removing cancer cells and lymph nodes that are affected. Hence, the market growth of general anesthesia drugs used in such procedures is anticipated to augment over the forecast period. For instance, according to 2024 statistics published by the American Cancer Society, about 2 million new cancer cases are expected to be diagnosed in the United States in 2024, compared to 1.92 million new cancer cases in 2023.
Furthermore, according to the National Adult Cardiac Surgery Audit Report 2023, the number of adult heart operations in 2022 was 24,807 compared to 19,333 in 2021. This, in turn, is expected to fuel the demand for general anesthesia drugs used in such procedures over the forecast period. Moreover, according to the World Health Organization, in 2022, it was mentioned that by 2030, one in six people in the world would be aged 60 years, and by 2050, the world’s population of people aged 60 years and older would double to 2.1 billion. Therefore, as the senior population is more prone to various chronic diseases and further surgeries, the need for general anesthesia drugs elevates, leading to market growth over the forecast period.
Moreover, increase in advanced general anesthesia product launches and the approvals of pipeline products by regulatory agencies such as the US Food and Drug Administration (FDA), Brazilian Health Regulatory Agency (ANVISA), European Medicines Agency (EMA), Therapeutic Goods Administration (TGA) among others, are expected to fuel the market’s growth over the forecast period. For instance, in October 2022, Hikma launched Succinylcholine Chloride, an important medicine used in hospitals for general anesthesia, to facilitate tracheal intubation, and to provide muscle relaxation during surgery or mechanical ventilation in the form of an injection in a prefilled syringe form in the United States.
Therefore, factors such as the rising number of surgeries for chronic diseases raise the demand for general anesthesia drugs, driving the market’s growth during the forecast period. However, risks associated with general anesthesia in pediatric patients and pregnant women may likely impede market growth.
General Anesthesia Drugs Industry Segmentation
The general anesthesia drugs market is segmented by type of drugs, route of administration, surgery type, end user, and geography. By type of drugs, the market is segmented into Sevoflurane, Desflurane, Isoflurane, Nitrous Oxide, Propofol, and Other Drugs. By route of administration, the market is segmented into inhalation and intravenous. The market is segmented by surgery type into general surgery, cancer surgery, heart surgery, knee and hip replacements, and other surgery types. End users segment the market into hospitals, ambulatory surgical centers, and other end users. The market also covers estimated market size and trends in 17 major world regions. The report offers the market size in value terms in USD for all the abovementioned segments.
By Type of Drugs | |
Sevoflurane | |
Desflurane | |
Isoflurane | |
Nitrous Oxide | |
Propofol | |
Other Drugs |
By Route of Administration | |
Inhalation | |
Intravenous |
By Surgery Type | |
General Surgery | |
Cancer Surgery | |
Heart Surgery | |
Knee and Hip Replacements | |
Other Surgery Types |
By End User | |
Hospitals | |
Ambulatory Surgical Centers | |
Other End Users |
Geography | ||||||||
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Global General Anesthesia Drugs Market Size Summary
The general anesthesia drugs market is poised for growth, driven by the increasing prevalence of chronic diseases such as cancer and cardiovascular conditions, which necessitate surgical interventions. The demand for effective anesthesia solutions is further bolstered by the aging population, who are more susceptible to these conditions and require surgeries. The market is characterized by the introduction of advanced anesthesia products and regulatory approvals from agencies like the FDA and EMA, which are expected to enhance market expansion. The rising number of surgeries, including emergency procedures, underscores the critical role of general anesthesia drugs in modern healthcare, thereby propelling market growth during the forecast period.
North America is anticipated to experience significant market growth due to its robust healthcare infrastructure and a high incidence of chronic diseases requiring surgical treatment. The region's aging population and the prevalence of cardiac surgeries contribute to the increased demand for general anesthesia drugs. Strategic activities by key market players, such as product launches and clinical trials, further support market expansion. The semi-consolidated nature of the market, with major players like AbbVie Inc. and Baxter International Inc., fosters innovation and competition, driving the development and adoption of anesthesia drugs. As a result, the market is expected to witness notable growth, particularly in North America, over the forecast period.
Global General Anesthesia Drugs Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Number of Surgeries
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1.2.2 New Drug Approvals and Launches
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1.3 Market Restraints
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1.3.1 Side Effects of General Anesthetics
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Type of Drugs
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2.1.1 Sevoflurane
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2.1.2 Desflurane
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2.1.3 Isoflurane
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2.1.4 Nitrous Oxide
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2.1.5 Propofol
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2.1.6 Other Drugs
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2.2 By Route of Administration
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2.2.1 Inhalation
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2.2.2 Intravenous
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2.3 By Surgery Type
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2.3.1 General Surgery
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2.3.2 Cancer Surgery
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2.3.3 Heart Surgery
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2.3.4 Knee and Hip Replacements
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2.3.5 Other Surgery Types
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2.4 By End User
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2.4.1 Hospitals
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2.4.2 Ambulatory Surgical Centers
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2.4.3 Other End Users
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Global General Anesthesia Drugs Market Size FAQs
How big is the Global General Anesthesia Drugs Market?
The Global General Anesthesia Drugs Market size is expected to reach USD 5.28 billion in 2024 and grow at a CAGR of 3.59% to reach USD 6.25 billion by 2029.
What is the current Global General Anesthesia Drugs Market size?
In 2024, the Global General Anesthesia Drugs Market size is expected to reach USD 5.28 billion.