Global Muscle Relaxant Drugs Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Muscle relaxants are a diverse group of drugs having the capacity to minimise or relax the tension in the muscles. They are mainly used to treat conditions such as muscle pain, spasm, cervical dystonia, and hyperreflexia. Muscle relaxant drugs depress the central nervous system (CNS) so as to reduce the muscle tones and impacts the skeletal muscles. They act as short-term treatments to the muscle pains. The global muscle relaxants drug market is accounted approximate USD 3757.9 million in 2020 and it is expected to reach approximate USD 7144.7 million by 2030 with a CAGR of 7.4% during forecast period.
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Market Dynamics and Factors:
Rapid industrialization, urbanization, and globalisation have attributed to rising stress & tension levels among people due to work pressures, irregular sleep, and rising accidents. These are some of the major factors driving the growth of the muscle relaxant drugs market. Additionally, the advancements in the online drug delivery system has increased the demand for the muscle relaxant drugs and hence propelled its market growth. The implementation of facial muscle relaxants for anti-ageing treatments is another key factor boosting the market growth of muscle relaxant drugs. The increasing usage of muscle relaxant drugs in the cosmetic industry is going to pave the way for new growth opportunities in the near future. However, there are certain factors like high manufacturing cost, dearth of skilled and trained workforce for drug manufacture, and huge time consumption in development & approval of muscle relaxant drugs. These factors may restrain the growth of muscle relaxant drugs in the global market. In addition to that, severe side-effects related to muscle relaxant drugs like habituation and respiratory arrest may also hinder the muscle relaxant drugs market growth.
Market Segmentation:
Global Muscle Relaxant Drugs Market – By Drug Type
Facial Muscle Relaxant Drugs
Skeletal Muscle Relaxant Drugs
Neuromuscular Blocking Agents
Global Muscle Relaxant Drugs Market – By Route of Administration
Oral
Topical
Parenteral
Global Muscle Relaxant Drugs Market – By Distribution Channel
Online Pharmacies
Hospital Pharmacies
Retail Pharmacies
Global Muscle Relaxant Drugs Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global muscle relaxant drugs market in terms of market share during the forecast period. The region accounted for almost 43.2% of the market share in 2017 followed by Europe. Rising number of Abbreviated New Drug Applications (ANDA) filed by the key players in the U.S, significant amount of surgical procedures performed in the region are major factors responsible for the market growth of muscle relaxant drugs in the North American region. For instance, according to National Centre for Complementary and Integrative Health (NCCIH) report 2016, over 50% of adults in the U.S had a musculoskeletal disorder. The Asia Pacific region is anticipated to grow rapidly during the forecast period. Rising cosmetic surgeries, growing investments in healthcare, surge in income, and better access to health care are some key factors attributing towards the higher growth rate in the region. For instance, GlaxoSmithKline PLC commenced building a large tablet manufacturing unit in Vemgal, Karnataka, India in September 2015.
Competitive Scenario:
The key players operating in the global muscle relaxant drugs market are –
Johnson & Johnson, Abbott Laboratories, Merck and Co. Inc., Pfizer, Sandoz Inc., Medtronic Neuromodulation, Novartis, Sun Pharmaceuticals, GlaxoSmithKline PLC., Allergan, Orient Pharma, Acorda Therapeutics, Takeda Pharmaceuticals.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Muscle Relaxant Drugs industry, although key threats, opportunities and disruptive technologies that could shape the Global Muscle Relaxant Drugs Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Muscle Relaxant Drugs Market most.
The data analysis present in the Global Muscle Relaxant Drugs Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Muscle Relaxant Drugs Market business.
The 2021 Annual Global Muscle Relaxant Drugs Market offers:
100+ charts exploring and analysing the Global Muscle Relaxant Drugs Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Muscle Relaxant Drugs Market type
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