India Intravenous Anesthetic Market To Find Better Growth with US$ 90.4 Million By 2027 | CAGR: 2.6%: Coherent Market Insights
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India Intravenous Anesthetic Market, by Type (Barbiturates, Ketamine, Benzodiazepines, Propofol, and Others) and by End User (Hospitals, Clinics, and Others) is estimated to be valued at US$ 65.0 million in 2019 and is expected to exhibit a CAGR of 2.6% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
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Intravenous anesthetics are referred to group of fast-acting compounds that are employed to stimulate complete sedation. Some of the important intravenous anesthetics include propofol, etomidate, ketamine, and barbiturates. Moreover, growth of the market is majorly driven by increasing number of surgeries in India, which is expected to drive growth of the India intravenous anesthetic market over the forecast period. Furthermore, increasing number of heart disease in India is one of the key factor that leads to rising number of different surgeries in India. For instance, according to the CADI Research Foundation data, in 2010, around 47 million Indians suffered from coronary artery disease (CAD) and around 60,000 coronary bypass surgeries are performed every year in India.
Additionally, increasing adoption of surgical robots made advancements in surgical procedures, which is expected to augment growth of the India intravenous anesthetic market over the forecast period. Technological advancements in surgery have led to shifting preference among populace from conventional surgeries to minimally invasive surgeries. The application of robotic technology for conducting minimally invasive surgeries has resulted in significant changes in surgical procedures. The acceptance of robotic surgeries has enhanced the number of surgeries performed in India. Thus, rising number of surgeries are expected to drive growth of the India intravenous anesthetic market over the forecast period.
Browse 13 Market Data Tables and 11 figures spread through 82 pages and in-depth TOC on ‘India intravenous anesthetic market, Forecast to 2027’
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Key Takeaways of the India intravenous anesthetic market:
- India intravenous anesthetic market is expected to exhibit a CAGR of 2.6% over the forecast period (2019-2027), attributed to increasing number of surgeries performed in India
- On the basis of type, propofol segment is expected to account for a major market share in the India intravenous anesthetic market, attributed to increasing adoption of propofol by Indian healthcare professionals for anesthetic procedure
- Key players operating in the India intravenous anesthetic market include AstraZeneca Plc, Fresenius Kabi, AbbVie Inc., Baxter International Inc., B. Braun Melsungen AG, Maruishi Pharmaceutical Co., Ltd, Piramal Healthcare, Hikma Pharmaceuticals, and Mylan N.V.
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