Inhalation Anesthesia Market Size To Surpass US$ 3.21 Bn By 2032

The global inhalation anesthesia market size was valued at USD 1.80 billion in 2022 and it is expected to hit around USD 3.21 billion by 2032, poised to grow at a CAGR of 6% from 2023 to 2032.

Table of Contents

Key Takeaways

North America led the global market with the largest market share in 2022.
By Product Type, the anesthetics segment has held the largest revenue share in 2022.
By Application, the human healthcare segment has held the highest market share in 2022.
By End-user, the hospitals segment dominated the global market in 2022.

Global inhalation anesthesia industry is offering huge growth opportunities for the manufacturers, vendors, customers in developed as well as emerging economies worldwide. Anesthetic inhalation is a chemical compound with anesthetic properties, which can be transmitted by inhalation through the human body. They are controlled by the facemask and a vaporizer-connected tracheal tube, and another delivery device. Anesthetic agents are used to regulate pain, respiration, blood pressure, blood flow, and heart rate & rhythm during surgical procedures. Inhalational anesthesia is mainly used for general anesthetic induction and sedation purposes. Sevofluran, desflurane, and nitrous oxide are the most commonly used inhalational anesthetics. Inhalation anesthetics usually lead to respiratory depression, reduced blood pressure and cerebral metabolic demand, and increased blood flow in the cerebrum. The most common side effect of anesthesia by inhalation is nausea.

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Growth Factors:

Growing numbers of surgical procedures across the globe, along with emergence of the trauma cases worldwide are some among the major factors driving growth of the global market. Additionally, increasing geriatric population, increasing cancer patient pool, rising cardiovascular, gastrointestinal, respiratory, neurological disorders are expected to propel growth of the target market in next 10 years.The North American region is expected to dominate in the global inhalation anesthesia market over the forecast period. The growth is attributed to increasing chronic diseases and availability for advanced healthcare facility in the U.S. Additionally, increasing number of surgical procedures along with early acceptance of advanced technology in the region are expected to fuel growth of the target market over the forecast period. However, factors such as side effects of inhalation anesthetics as well as lack of awareness may restrict the inhalation anesthesia market globally. Nevertheless, untapped markets can create lucrative growth opportunity for the key players in the global market. Key players are using innovative technology to deliver high-quality goods that meet the changing needs of the end-user industries which is anticipated to propel growth of the global market in the near future.

Report Highlights:

On the basis of anesthetics, product type segment will register supreme share in the near future. The anesthetics segment accounted for the maximum share of around 42% in year 2020 in terms of revenue. Apparatus segment will be increasing at substantial pace and will fuel growth of the inhalation anesthesia industry in the near future.
Based on application the global market is categorized as human healthcare and veterinary healthcare among which the services segment will register maximum share in the near future. Human healthcare segment is anticipated to register highest growth rate as well as market share over the forecast period of time.
Among the end user hospitals estimated as a dominant segment, along with maximum share in year 2020. The growth is attributed to growing adoption in the hospitals across the globe. Along with this the clinics segment is anticipated to grow at the noteworthy growth rate and will augment the market revenue.
Kent Scientific Corporation accounted for a significant share of the global inhalation anesthesia market due to the implementations of its innovative business strategies. Key strategies applied by the company will offers tremendous growth prospects for the vendors worldwide.

Inhalation Anesthesia Market Scope

Report Highlights	Details
Growth Rate from 2023 to 2032	CAGR of 6%
Market Size in 2023	USD 1.90 Billion
Market Size by 2032	USD 3.21 Billion
Base Year	2022
Historic Data	2021 to 2021
Forecast Period	2023 to 2032
Segmentes Covered	Product, Application, End use
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Regional Analysis:

The report study offers global industry projections of inhalation anesthesia products round various regions like Asia-Pacific, Latin America, Europe, North America, and Middle East and Africa. The North Americawill lead the worldwide industry owing togrowing prevalence of numerous chronic diseases, presence of advanced healthcare facilities, coupled with presence of major companies in the North American countries. The Asia Pacific market is probable to list the striking CAGR, on account of growing demand for the inhalation anesthesiain emerging economies. Likewise, utmost of the companies functioning in the market are advancing deeply in order to get the modest advantage in the inhalation anesthesia market in the Asia Pacific. The market in the Europe is expected to hold significant market share and the growth is attributed to the increased prevalence of respiratory diseases in the France, Russia, and U.K. of the region. The Latin America inhalation anesthesia industry is anticipated to grow at reasonable CAGR in the forecast period of time. Likewise, Middle East and Africa region is projected to create worthwhile growth opportunities in the target industry.

Key Market Players and Strategies:

The main firms working in the global industry across the globe Piramal Critical Care, Baxter, Midmark Corporation, Halocarbon, Hengrui Medicine, Kent Scientific Corporation, Merck KGaA, BOC, AbbVie Inc. Raman & Weil Pvt. Ltd. Massive venture in the study of the inhalation anesthesia attended by planned partnerships similar as mergers, firm acquisitions are corporate approaches started by the chief firms in the inhalation anesthesia market. In 2017, Merck, a leading science and technology company, announced about its strategic alliance with Baylor College of Medicine in order to optimizing vaccine process development and formulation and exchanging know-how.

Inhalation Anesthesia Market Players

Piramal Critical Care
Baxter
Midmark Corporation
Halocarbon
Hengrui Medicine
Kent Scientific Corporation
Merck KGaA
BOC
AbbVie Inc.
Raman & Weil Pvt. Ltd.

Major Market Segments Covered:

By Product Type

Apparatus
- Isoflurane
- Sevoflurane
- Desflurane
- Others
Anesthetics
Accessories

By Application

Human Healthcare
Veterinary Healthcare

By End user

Hospitals
Clinics
Ambulatory Surgical Centres
Others

By Geography

North America
- - U.S.
  - Canada
Europe
- - Germany
  - France
  - United Kingdom
  - Rest of Europe
Asia Pacific
- - China
  - Japan
  - India
  - Southeast Asia
  - Rest of Asia Pacific
Latin America
- - Brazil
  - Rest of Latin America
Middle East & Africa (MEA)
- - GCC
  - North Africa
  - South Africa
  - Rest of Middle East & Africa