Dexmedetomidine Market Growth Exponential To 2030

Written by Harsh » Updated on: November 23rd, 2024

According to the Market Statsville Group (MSG), the global dexmedetomidine market size is expected to grow from USD 1,178.20 million in 2022 to USD 5,076.29 million by 2033, at a CAGR of 14.20% from 2023 to 2033. Dexmedetomidine is a useful sedative agent with analgesic properties, hemodynamic stability, and ability to recover respiratory function in mechanically ventilated patients facilitating early weaning. Increasing number, the old age population all over the world and increasing hypertension, depression, and other hectic disease in early stage or in childhood or in adulthood has also boosted the market growth over the forecasting period. In addition, the use of dexmedetomidine in an aesthetic in the healthcare industry. Dexmedetomidine allows for a smooth emergence from anesthesia by attenuating agitation, cough, and hemodynamic changes in children and adults, this has also booted the market growth over the forecasting period all over the world. Moreover, higher doses of dexmedetomidine may result in a higher incidence of hypotension or bradycardia. Due to these reasons the market has shown a negative growth impact in this market for the upcoming years.

Definition of the Global Dexmedetomidine Market

Dexmedetomidine is a new generation highly selective 2-adrenergic receptor (AR) agonist linked with sedative and analgesic sparing effects, decreased delirium and agitation, perioperative sympatholytic, cardiovascular stabilizing effects, and respiratory function preservation.

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Dexmedetomidine is a sedative medication that is offered under the brand names Precede and others. Dexmedetomidine is used in the treatment of cats, dogs, and horses by veterinarians for similar reasons. In humans, it is also used to treat acute agitation caused by schizophrenia or bipolar I or II condition. It is a sympatholytic medication that, like clonidine, operates as an agonist of 2-adrenergic receptors in some areas of the brain. It was created by the company Orion Pharma.

Scope of the Global Dexmedetomidine Market

The study categorizes the dexmedetomidine market based on type and application area at the regional and global levels.

By Type Outlook (Sales, USD Billion, 2019-2033)

0.004mg / mL

0.1 mg / mL

0.5 mg / mL

Others

By Application Outlook (Sales, USD Billion, 2019-2033)

Intensive Care Unit Sedation

Procedural Sedation

Others

By Region Outlook (Sales, USD Billion, 2019-2033)

North America

Canada

Mexico

Europe

Germany

Italy

France

Spain

Poland

Russia

The Netherlands

Norway

Czech Republic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of South America

The Middle East & Africa

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

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Intensive Care Unit Sedation segment accounts for the largest market share by application

Based on the product type, the market is bifurcated into intensive care unit sedation, procedural sedation, and others. The intensive care unit sedation segment is expected to dominate the market share in 2022 in the global dexmedetomidine market. Dexmedetomidine induces sedation while maintaining reusability in ICU patients, and its use has resulted in a shorter time to extubating, a lower incidence of agitated delirium, delirium prevention, and lower mortality than other agents administered in certain populations. DEX is considered as a promising agent optimized for sedation in ICU. Due to these reasons this segment has register the largest market share over the forecasting period.

North America is projected to account for the highest market share by Region

Based on the regions, the global dexmedetomidine market has been segmented across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is projected to account for the highest market share in 2022. In North America, the demand for dexmedetomidine is growing as the government implements healthcare reform initiatives that aimes to improve the efficiency and quality of healthcare services. The North American healthcare sector is also growing rapidly, driven by increasing healthcare spending and a growing population.

Key Market Players in the Global Dexmedetomidine Market

The dexmedetomidine market is extremely cutthroat, and significant competitors in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global dexmedetomidine market are:

Mylan

Yangtze River Pharmaceutical Group

EVER NEURO PHARMA GMBH

Jiangsu Hengrui Medicine Co.,Ltd.

Accord Healthcare

Orion Pharma

Jiangsu Nhwa Pharmaceutical Co.,Ltd

Pfizer Inc.

Company 9

Company 10

Company 11

Company 12

Company 13

Company 14

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