This Neuromuscular Blocking Drug market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The neuromuscular blocking drug market size has increased by grown strongly in recent years. It will grow from $3.68 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The historical growth can be attributed to several factors, including the increased prevalence of relevant medical conditions, greater awareness and training among healthcare professionals, increased healthcare spending, improvements in drug reversibility, and a heightened emphasis on patient safety.
The neuromuscular blocking drug market size is expected to see strong growth in the next few years. It will grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth during the forecast period can be attributed to several factors, including regulatory approvals, an increase in outpatient and day surgeries, the expansion of medical tourism and strategic alliances, a growing prevalence of musculoskeletal disorders, and an overall rise in surgical procedures. Key trends expected during this period include the development of non-sedative formulations, new neuromuscular blocking drugs (NMBDs), advancements in personalized medicine, the creation of combination therapies, and a focus on patient-centric drug development.
The growing number of surgical procedures is expected to drive the expansion of the neuromuscular blocking drug market in the future. Surgical procedures are medical interventions that involve incisions, excisions, or other techniques to treat injuries, diseases, or conditions. This rise in surgical procedures is attributed to advancements in diagnostic tools, better access to healthcare, an increased focus on quality of life, and growing patient awareness and expectations. Neuromuscular blocking drugs are utilized in these procedures to induce muscle relaxation and aid in various surgical aspects. For example, in September 2023, a report by the American Society of Plastic Surgeons, a professional organization based in the US, revealed that in 2022, a total of 26.2 million surgical and minimally invasive cosmetic and reconstructive procedures were performed in the United States. As a result, the increasing frequency of surgical procedures is fueling the growth of the neuromuscular blocking drug market.
Major companies in the neuromuscular blocking drug market are expanding their product lines through strategic collaborations to enhance market reach and drive innovation in drug formulations and delivery methods. These collaborations involve partnerships that leverage shared resources and expertise to advance product development. For instance, in May 2022, BDR Pharma, an India-based pharmaceutical company, partnered with Varenyam Healthcare, another India-based pharmaceutical manufacturer, to launch Sugmadex. Sugmadex is a novel anesthesia drug that provides a safe, rapid, and complete reversal of neuromuscular block (NMB), including shallow, moderate, and deep NMB, thus effectively eliminating anesthesia effects. It addresses profound NMB and reduces post-operative respiratory complications, available in 2 ml and 5 ml single-dose vials, enhancing efficiency and patient safety.
In September 2023, Biogen Inc., a US-based biotechnology company, acquired Reata Pharmaceuticals for an undisclosed amount. This acquisition aims to strengthen Biogen's rare disease portfolio by incorporating Reata's FDA-approved SKYCLARYS (omaveloxolone) for Friedreich's ataxia, complementing its existing treatments for spinal muscular atrophy and amyotrophic lateral sclerosis. This move addresses unmet medical needs and drives growth in the market. Reata Pharmaceuticals is a US-based company specializing in rare neuromuscular blocking drugs.
Major companies operating in the neuromuscular blocking drug market are Pfizer Inc., Merck & Co Inc., AbbVie Inc., Bayer AG, Fresenius Kabi AG, AstraZeneca PLC, Novartis AG, GlaxoSmithKline plc, Boehringer Ingelheim GmbH, Teva Pharmaceutical Industries Limited, Baxter International Inc., Astellas Pharma Inc., Daiichi Sankyo Company Limited, UCB Pharma S.A., Eisai Co Ltd., Ipsen S.A., B. Braun Melsungen AG, Aurobindo Pharma Limited, Hikma Pharmaceuticals PLC, Mallinckrodt Pharmaceuticals plc, Mylan N.V., Nippon Shinyaku Co Ltd., Sagent Pharmaceuticals Inc., Osmosis Inc., Cadila Healthcare Limited.
North America was the largest region in the neuromuscular blocking drugmarket in 2023. The regions covered in the neuromuscular blocking drug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the neuromuscular blocking drug market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A neuromuscular blocking drug is a medication that disrupts the transmission of nerve impulses to muscles, resulting in the temporary paralysis of skeletal muscles. These drugs function by either blocking the action of acetylcholine, a neurotransmitter, at the neuromuscular junction - where nerves and muscles communicate - or by mimicking acetylcholine and overstimulating the muscle receptor, causing it to become unresponsive. Neuromuscular blocking drugs are mainly used in medical settings, particularly during surgeries or other procedures, to facilitate intubation (the insertion of a breathing tube) and ensure muscle relaxation.
The primary types of neuromuscular blocking drugs are non-depolarizing agents and depolarizing agents. Non-depolarizing agents act by competing with acetylcholine at the neuromuscular junction, preventing muscle contraction. These drugs are available through various channels, including hospital pharmacies, retail pharmacies, and online pharmacies, and serve a range of end users, such as hospitals, homecare, specialty clinics, and others.
The neuromuscular blocking drugs market research report is one of a series of new reports that provides neuromuscular blocking drugs market statistics, including neuromuscular blocking drugs industry global market size, regional shares, competitors with a neuromuscular blocking drugs market share, detailed neuromuscular blocking drugs market segments, market trends and opportunities, and any further data you may need to thrive in the neuromuscular blocking drugs industry. This neuromuscular blocking drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The neuromuscular blocking drug market consists of sales of ganta curium, rapacuronium, alcuronium, tubocurarine, and metocurine. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The neuromuscular blocking drug market size has increased by grown strongly in recent years. It will grow from $3.68 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The historical growth can be attributed to several factors, including the increased prevalence of relevant medical conditions, greater awareness and training among healthcare professionals, increased healthcare spending, improvements in drug reversibility, and a heightened emphasis on patient safety.
The neuromuscular blocking drug market size is expected to see strong growth in the next few years. It will grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth during the forecast period can be attributed to several factors, including regulatory approvals, an increase in outpatient and day surgeries, the expansion of medical tourism and strategic alliances, a growing prevalence of musculoskeletal disorders, and an overall rise in surgical procedures. Key trends expected during this period include the development of non-sedative formulations, new neuromuscular blocking drugs (NMBDs), advancements in personalized medicine, the creation of combination therapies, and a focus on patient-centric drug development.
The growing number of surgical procedures is expected to drive the expansion of the neuromuscular blocking drug market in the future. Surgical procedures are medical interventions that involve incisions, excisions, or other techniques to treat injuries, diseases, or conditions. This rise in surgical procedures is attributed to advancements in diagnostic tools, better access to healthcare, an increased focus on quality of life, and growing patient awareness and expectations. Neuromuscular blocking drugs are utilized in these procedures to induce muscle relaxation and aid in various surgical aspects. For example, in September 2023, a report by the American Society of Plastic Surgeons, a professional organization based in the US, revealed that in 2022, a total of 26.2 million surgical and minimally invasive cosmetic and reconstructive procedures were performed in the United States. As a result, the increasing frequency of surgical procedures is fueling the growth of the neuromuscular blocking drug market.
Major companies in the neuromuscular blocking drug market are expanding their product lines through strategic collaborations to enhance market reach and drive innovation in drug formulations and delivery methods. These collaborations involve partnerships that leverage shared resources and expertise to advance product development. For instance, in May 2022, BDR Pharma, an India-based pharmaceutical company, partnered with Varenyam Healthcare, another India-based pharmaceutical manufacturer, to launch Sugmadex. Sugmadex is a novel anesthesia drug that provides a safe, rapid, and complete reversal of neuromuscular block (NMB), including shallow, moderate, and deep NMB, thus effectively eliminating anesthesia effects. It addresses profound NMB and reduces post-operative respiratory complications, available in 2 ml and 5 ml single-dose vials, enhancing efficiency and patient safety.
In September 2023, Biogen Inc., a US-based biotechnology company, acquired Reata Pharmaceuticals for an undisclosed amount. This acquisition aims to strengthen Biogen's rare disease portfolio by incorporating Reata's FDA-approved SKYCLARYS (omaveloxolone) for Friedreich's ataxia, complementing its existing treatments for spinal muscular atrophy and amyotrophic lateral sclerosis. This move addresses unmet medical needs and drives growth in the market. Reata Pharmaceuticals is a US-based company specializing in rare neuromuscular blocking drugs.
Major companies operating in the neuromuscular blocking drug market are Pfizer Inc., Merck & Co Inc., AbbVie Inc., Bayer AG, Fresenius Kabi AG, AstraZeneca PLC, Novartis AG, GlaxoSmithKline plc, Boehringer Ingelheim GmbH, Teva Pharmaceutical Industries Limited, Baxter International Inc., Astellas Pharma Inc., Daiichi Sankyo Company Limited, UCB Pharma S.A., Eisai Co Ltd., Ipsen S.A., B. Braun Melsungen AG, Aurobindo Pharma Limited, Hikma Pharmaceuticals PLC, Mallinckrodt Pharmaceuticals plc, Mylan N.V., Nippon Shinyaku Co Ltd., Sagent Pharmaceuticals Inc., Osmosis Inc., Cadila Healthcare Limited.
North America was the largest region in the neuromuscular blocking drugmarket in 2023. The regions covered in the neuromuscular blocking drug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the neuromuscular blocking drug market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A neuromuscular blocking drug is a medication that disrupts the transmission of nerve impulses to muscles, resulting in the temporary paralysis of skeletal muscles. These drugs function by either blocking the action of acetylcholine, a neurotransmitter, at the neuromuscular junction - where nerves and muscles communicate - or by mimicking acetylcholine and overstimulating the muscle receptor, causing it to become unresponsive. Neuromuscular blocking drugs are mainly used in medical settings, particularly during surgeries or other procedures, to facilitate intubation (the insertion of a breathing tube) and ensure muscle relaxation.
The primary types of neuromuscular blocking drugs are non-depolarizing agents and depolarizing agents. Non-depolarizing agents act by competing with acetylcholine at the neuromuscular junction, preventing muscle contraction. These drugs are available through various channels, including hospital pharmacies, retail pharmacies, and online pharmacies, and serve a range of end users, such as hospitals, homecare, specialty clinics, and others.
The neuromuscular blocking drugs market research report is one of a series of new reports that provides neuromuscular blocking drugs market statistics, including neuromuscular blocking drugs industry global market size, regional shares, competitors with a neuromuscular blocking drugs market share, detailed neuromuscular blocking drugs market segments, market trends and opportunities, and any further data you may need to thrive in the neuromuscular blocking drugs industry. This neuromuscular blocking drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The neuromuscular blocking drug market consists of sales of ganta curium, rapacuronium, alcuronium, tubocurarine, and metocurine. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Neuromuscular Blocking Drug Market Characteristics3. Neuromuscular Blocking Drug Market Trends and Strategies32. Global Neuromuscular Blocking Drug Market Competitive Benchmarking33. Global Neuromuscular Blocking Drug Market Competitive Dashboard34. Key Mergers and Acquisitions in the Neuromuscular Blocking Drug Market
4. Neuromuscular Blocking Drug Market - Macro Economic Scenario
5. Global Neuromuscular Blocking Drug Market Size and Growth
6. Neuromuscular Blocking Drug Market Segmentation
7. Neuromuscular Blocking Drug Market Regional and Country Analysis
8. Asia-Pacific Neuromuscular Blocking Drug Market
9. China Neuromuscular Blocking Drug Market
10. India Neuromuscular Blocking Drug Market
11. Japan Neuromuscular Blocking Drug Market
12. Australia Neuromuscular Blocking Drug Market
13. Indonesia Neuromuscular Blocking Drug Market
14. South Korea Neuromuscular Blocking Drug Market
15. Western Europe Neuromuscular Blocking Drug Market
16. UK Neuromuscular Blocking Drug Market
17. Germany Neuromuscular Blocking Drug Market
18. France Neuromuscular Blocking Drug Market
19. Italy Neuromuscular Blocking Drug Market
20. Spain Neuromuscular Blocking Drug Market
21. Eastern Europe Neuromuscular Blocking Drug Market
22. Russia Neuromuscular Blocking Drug Market
23. North America Neuromuscular Blocking Drug Market
24. USA Neuromuscular Blocking Drug Market
25. Canada Neuromuscular Blocking Drug Market
26. South America Neuromuscular Blocking Drug Market
27. Brazil Neuromuscular Blocking Drug Market
28. Middle East Neuromuscular Blocking Drug Market
29. Africa Neuromuscular Blocking Drug Market
30. Neuromuscular Blocking Drug Market Competitive Landscape and Company Profiles
31. Neuromuscular Blocking Drug Market Other Major and Innovative Companies
35. Neuromuscular Blocking Drug Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Neuromuscular Blocking Drug Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on neuromuscular blocking drug market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for neuromuscular blocking drug? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The neuromuscular blocking drug market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Non-Polarizing Agents; Depolarizing Agents2) By Application: Hospital Pharmacy; Retail Pharmacy; Online Pharmacy; Others Applications
3) By End-Users: Hospitals; Homecare; Specialty Clinics; Other End-Users
Key Companies Mentioned: Pfizer Inc.; Merck & Co Inc.; AbbVie Inc.; Bayer AG; Fresenius Kabi AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Neuromuscular Blocking Drug market report include:- Pfizer Inc.
- Merck & Co Inc.
- AbbVie Inc.
- Bayer AG
- Fresenius Kabi AG
- AstraZeneca PLC
- Novartis AG
- GlaxoSmithKline plc
- Boehringer Ingelheim GmbH
- Teva Pharmaceutical Industries Limited
- Baxter International Inc.
- Astellas Pharma Inc.
- Daiichi Sankyo Company Limited
- UCB Pharma S.A.
- Eisai Co Ltd.
- Ipsen S.A.
- B. Braun Melsungen AG
- Aurobindo Pharma Limited
- Hikma Pharmaceuticals PLC
- Mallinckrodt Pharmaceuticals plc
- Mylan N.V.
- Nippon Shinyaku Co Ltd.
- Sagent Pharmaceuticals Inc.
- Osmosis Inc.
- Cadila Healthcare Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | December 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.87 Billion |
Forecasted Market Value ( USD | $ 4.75 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |