The market for anesthesia drugs, or anesthetics, is one of the fast growing markets in the pharmaceutical sector. This is evident from the fact that the number of procedures requiring administra...
The market for anesthesia drugs, or anesthetics, is one of the fast growing markets in the pharmaceutical sector. This is evident from the fact that the number of procedures requiring administration of anesthetics continues to rise with the growing and ageing populations in both - developing and developed regions of the world. The rapidly increasing population of the world plays an important role in the rising incidence of diseases, followed by treatment procedures, and this reflects positively on growth of the market for anesthesia drugs.
Anesthetics are the drugs used to induce temporary reversible loss of sensation, usually to facilitate surgery. These anesthesia drugs or anesthetics may be administered through various routes like intravenous, through a face mask, through a tube in the nose or throat, or even as a shot in the back or in any other area where the surgery is supposed to take place. Anesthesia can be used for different purposes like analgesia (loss of response to pain), amnesia (loss of memory), immobility (loss of motor reflexes), hypnosis (loss of consciousness), and skeletal muscle relaxation. The type of anesthetic to be used depends upon the type of surgery or procedure to be conducted.
The global market for anesthetics can be divided into the segments of general anesthesia, local anesthesia, and adjunctive therapies in anesthesia. Critical care units, operation theaters at hospitals, emergency rooms, and home healthcare form the major customers for anesthetics and related device manufacturers. With increase in consciousness amongst the patient population and rapid progress in technology, these drugs and devices have found place in delivery rooms and post-operative care units too, thereby raising their demand considerably. It is, therefore, evident that anesthesia forms an extremely important and integral part of any kind of surgery and most of the medical treatments conducted in clinics, hospitals, health centers, specialty care centers, etc.
The market for anesthesia products has been experiencing rapid growth due to increasing safety awareness amongst consumers and technology enhancements in anesthesia equipments by manufacturers. Aided by government funds, hospitals and healthcare facilities are steadily shifting towards adopting more sophisticated anesthetics and hi-tech equipments, with enhanced after sales services being offered by major companies. In order to cater to this high demand for anesthesia products, manufacturers are making sincere efforts to provide enormous technological developments in design, safety features and monitoring of the latest generation of anesthesia devices. Also, development of novel molecules and combinations to be used as anesthetics is also being encouraged in many firms. Such rapid developments in technology as well as applications of anesthetics will certainly continue to drive growth of this sector in the future.
Some of the commonly used general anesthetics are desflurane, enflurane, halothane, isoflurane, and etomidate, while some commonly used local anesthetics include procaine, amethocaine, and prilocaine. Key players in the market for anesthesia drugs include leading pharmaceutical firms like Abbott Laboratories, Abraxis BioScience Inc., Baxter International Inc., B. Braun Melsungen AG, Dentsply International Inc., Hospira Inc., Minrad International Inc., Organon N.V., Roche, and TEVA Pharmaceuticals, amongst others.