Neuromuscular Blocking Agents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027
The neuromuscular blocking agent is also known as a paralyzing agent as they block the connection between nerves and muscles and paralyzed muscle function of the body. Neuromuscular blocking agents are potent muscle relaxant which is particularly used during surgery to prevent muscle movement and for mechanical ventilation. Neuromuscular blocking agents normally work as a pre-junctional receptor and post junctional receptor. Neuromuscular blocking agents are indicated for a wide variety of uses in hospital settings, from surgeries to trauma. Neuromuscular blocking agent is used as an adjuvant in general anesthesia, electroshock therapy, endotracheal intubation, during incubation and endoscopic procedures, brief surgeries and as adjuncts in the treatment of encephalitis, tetanus, and poliomyelitis which propels the demand of the neuromuscular blocking agents over the forecast period.
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The global neuromuscular blocking agent market is segmented on the basis of drug class, drug group, and distribution channel.
- On the basis of drug class, the global neuromuscular blocking agent market is segmented into:
- Pachycurares
- Leptocurares
- On the basis of drug group, the global neuromuscular blocking agent market is segmented into:
- Non-polarizing agents (Competitive)
- Depolarizing agents (Non-competitive)
- On the basis of distribution channel, the global neuromuscular blocking agent market is segmented into:
- Hospital Pharmacy
- Retail Pharmacy
- Drug stores
- E- Commerce
The global neuromuscular blocking agent market is anticipated to register a significant CAGR over a forecast period. The increasing use of the neuromuscular blocking agent in the surgeries is anticipated to boost the demand of the neuromuscular blocking agent and drives the global neuromuscular blocking agent market. The rising geriatric population is also expected to propel the demand of the neuromuscular blocking agent and drives the global neuromuscular blocking agent market. The increasing research and development activities for the new drugs and new combinations of drugs to minimize the side effects of the blocking agents and increase safety and efficacy of the drug, also anticipated to drives the global neuromuscular blocking agent market.
However, the possible side effects of the neuromuscular blocking agent such as hyperkalemia, dysrhythmia, cardiac arrest, muscle pain and prolonged paralysis, which may hamper the demand for the neuromuscular blocking agent and restrain the growth of the global neuromuscular blocking agent market. The possibilities of injuries and death due to the substitution errors involved in these drugs may also hamper the demand of the neuromuscular blocking agent and restraint the growth of the global neuromuscular blocking agent market.
On the basis of regional presence, the global neuromuscular blocking agent market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global neuromuscular blocking agent market in terms of value and anticipated to register a significant CAGR over a forecast period. The Europe is also contributing the moderate shares to the market due to the increasing use of the neuromuscular blocking agent during surgeries. APAC is the most lucrative market for the neuromuscular blocking agent due to the increasing use of drugs during the surgical procedures in the region and expected to show a robust growth to the global neuromuscular blocking agent market. MEA is at a nascent stage to the global neuromuscular blocking agent market and anticipated to register a decent growth to the market over a forecast period. Overall, the global neuromuscular blocking agent market is expected to show significant growth over a forecast period.
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Some of the major market players in neuromuscular blocking agent market globally include Aqua Pharmaceuticals, Merck & Co., Inc., Hikma Pharmaceuticals PLC., GlaxoSmithKline Plc., Abbott Laboratories, AbbVie Inc., Pfizer, Novartis AG, Bayer AG, Roche Inc. and Zydus Cadila.
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