Anesthesia drugs market forecast

The global general anesthesia drugs market is anticipated to reach a valuation of $6.7 billion by 2032, with sales growing at a stagnant CAGR of 3.4% from 2022 to 2032, according to Future Market Insights. In 2022, the general anesthesia drugs market is likely to reach an estimated $4.7 billion.

The mass usage of these drugs in different surgeries coupled with an increase in cardiovascular diseases and other medical conditions fuel the growth of the general anesthesia drugs market during the forecast period.

Increasing geriatric population coupled with rising incidences of chronic illnesses have resulted in a surge in surgeries. With an increasing elderly population, a greater number of surgeries are conducted resulting in a high demand for anesthesia drugs. Furthermore, the healthcare expenditure is rising in developing and developed countries. Since, anesthesia is usually covered by health insurance for all medical procedures, the out-of-pocket cost for anesthesia for patients with medical insurance is around 10% to 50%. Hence, health insurance is advantageous for the general anesthesia market.