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Muscle Relaxant Drugs Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 09:40 AM, 14th September, 2017 REP-ID-486 Category: Healthcare

Muscle Relaxant Drugs Market Overview

Muscle relaxant drugs are used to reduce the pain caused by contraction of muscles, and hyperreflexia. These drugs are very suitable in those situations where spasms muscle causing low back pain. These muscle relaxants are a short term treatment of these muscle pains. A muscle relaxant drug depresses the central nervous system in order to reduce the muscle tones and affects the skeletal muscles. Further, muscle relaxant drugs are highly restricted to consume by pregnant women, old person and other drug or alcohol addicted persons.        

Market Segmentation

Global muscle relaxant drugs market is projected to grow at a significant compound annual growth rate of 6.3% over the forecast period 2017-2024. Growing geriatric population and growing preference of drugs amongst the consumers are some major factors which are expected to foster the growth of global muscle relaxant drugs market during the forecast period.

Muscle Relaxant Drugs

On the basis of regional platform, global muscle relaxant drugs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Global market of muscle relaxant drugs is dominated by North America region. Moreover, large geriatric population and growing awareness amongst the consumers regarding the musculoskeletal problems are some major factors which are predicted to foster the growth of muscle relaxant drugs market in North America region. Large number of spa and salons in this region is a key factor which is likely to allow North America region to continue its dominance over the forecast period.

Further, Asia Pacific muscle relaxant drugs market is envisioned to grow at fastest pace during the forecast period. Factors such as growing geriatric population and rising number of surgeries are projected to bolster the growth of muscle relaxant drugs market in Asia Pacific region. China, India & Japan are likely to contribute significantly in growth of market owing to enhancement of health care infrastructure in these countries.

Additionally, Europe region is also anticipated to witness a satisfactory growth during the forecast period owing to high investment in research and development of health care infrastructure in this region.

By drugs type, market is segmented into facial asthenic relaxant drugs, skeletal muscle relaxant drugs and neuromuscular blocking agents. Neuromuscular blocking agents or drugs are representing highest demand in the global market and is anticipated to behold this positive demand during the forecast period.  

Market Segmentation

Our-in depth analysis of the global muscle relaxant drugs market includes the following segments:

By Type

  • Facial Muscle Relaxant Drugs
  • Skeletal muscle Relaxant Drugs
  • Neuromuscular Blocking Agents

By Route of Administration

  • Oral
  • Topical
  • Parenteral

By Distribution Channel

  • Online Stores
  • Drug Stores
  • Hospitals
  • Clinics

By Region

Global muscle relaxant drugs market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Muscle Relaxant Drugs Market

Growth Drivers & Challenges

Global muscle relaxant drugs market is primarily driven by growing geriatric population coupled with rising prevalence of musculoskeletal problems with aged people.

Moreover, rising prevalence of musculoskeletal problems and growing awareness amongst the consumers regarding their treatment and management are expected to be the dynamic factors behind the growth of global market of muscle relaxant drugs. Furthermore, rising number of patients suffering from lower back pain is a major factor likely to drive the demand for muscle relaxant drugs in near future.

Additionally, rising investment in research and development for enhancement of healthcare infrastructure is also anticipated to foster the growth of global market. Growing disposable income of the consumers and high expenditure on health care is also a major factor escalating the demand for muscle relaxant drugs in near future.

Apart from this, growing skin related problems and increasing number of surgeries is also predicated to fuel the demand for muscle relaxant drugs. Further, growing use of muscle relaxant drugs during surgery as anesthesia is likely to drive the growth of global muscle relaxant drugs market.

However, muscle relaxant drugs are only used for short term treatment and also they do not treat underlying diseases or disorders. Such limitation of muscle relaxant drugs is a major challenge to the market which is expected to hamper the growth of global muscle relaxant drugs market in near future.  

Key Players

  • Pfizer
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Ipsen Group
  • Acorda Therapeutics
  • Allergan
  • Novartis
  • Teva Pharmaceuticals
  • Sanofi
  • Gedeon Richer Plc.
  • Medis Tunisia Pharmaceutical Laboratories
  • Glenmark Pharmaceuticals Ltd.

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global muscle relaxant drugs market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Route of Administration Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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