Data Bridge Market Research analyses a growth rate in the global neuromuscular blockade drugs market in the forecast period 2022-2029. The global neuromuscular blockade drug market’s expected CAGR tends to be around 4.50% in the mentioned forecast period. The market was valued at USD 5 billion in 2022, and it would grow to USD 7.11 billion by 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Neuromuscular Blockade Drugs Market Analysis and Size
Growing elderly populations worldwide who are more vulnerable to musculoskeletal disorders are the main factor driving the market growth. Neuromuscular blockades are powerful drugs, though these can have severe side effects such as heart failure, sedation, and paralysis. In many patients, sedation is witnessed as the common adverse effect. Consequently, physicians generally advise against driving or operating heavy machinery after neuromuscular blockade administration.
Neuromuscular blocking agents or medications are the type of muscle relaxants that are widely used to prevent muscle contraction during surgery. They are structurally similar to acetylcholine and bring muscle relaxation by post-synaptic binding to acetylcholine receptors. Furthermore, when artificial ventilation is available, such agents should be used instead of anesthesia.
Musculoskeletal pain is observed to be a common problem in routine medical practice. Many pain sources are associated with muscles or fascia becoming damaged, which then triggers pain. Although COVID-19 primarily affects the lungs and internal organs, musculoskeletal injury from this disease was visible because of the marked elevation in creatine kinase and lactate dehydrogenase levels. Moreover, pain management during the COVID-19 pandemic demands attention because of difficulties accessing hospitals for medical services such as physical therapy and rehabilitation. Thus, COVID-19 greatly impacted the global neuromuscular blockade drugs market.
Key players operating in the global neuromuscular blockade drugs market include:
F. Hoffmann-La Roche Ltd. (Switzerland)
Mylan N.V. (U.S.)
Teva Pharmaceutical Industries Ltd. (Israel)
Pfizer Inc. (U.S.)
GSK plc (U.K.)
Novartis AG (Switzerland)
Johnson & Johnson Private Limited (U.S.)
Sun Pharmaceutical Industries Ltd. (India)
Merck & Co., Inc. (U.S.)
Amgen Inc. (U.S.)
Actelion Pharmaceuticals Ltd (Switzerland
Endo International plc (Ireland)
Intas Pharmaceuticals Ltd. (India)
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Global Neuromuscular Blockade Drugs Market Scope
The global neuromuscular blockade drugs market is segmented on the basis of type, drugs, end-user, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Global Neuromuscular Blockade Drugs Market Dynamics
Growing Prevalence of Musculoskeletal Issues
The rising prevalence of musculoskeletal problems and increasing customer awareness of their treatment and management are raising the market’s growth. Structurally distinct medications are the recent technologically improved neuromuscular blockades used to relax muscle spasms, discomfort, and hyperreflexia. This boosts the growth of the market.
Major Developments by the Market Players
There are numerous developments done by major market players that are boosting the growth of the market. For instance, in September 2019, Ipsen Biopharmaceuticals received U.S. FDA approval for expanded use of Dysport for injection to treat children two years of age and older having upper limb spasticity, excluding spasticity caused by cerebral palsy. Thus, this leads to market expansion.
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