The global neuromuscular blocking drug market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The increase in the growth of neuromuscular blocking has created a demand for the development of new drugs for its treatment which in turn drives the global neuromuscular blocking drugs market growth. Leading pharmaceutical companies are focusing on the development of drugs for neuromuscular blocking treatment. Furthermore, the development of a potential treatment for muscular dystrophy disease is commonly due to neuromuscular blocking drug development. However, many companies are investing heavily in finding a cure and preventing neuromuscular disease permanently. Therefore, the market for this drug development seems to be an excellent investment opportunity and the opportunities look good with the neuromuscular blocking drug market
Moreover, the market growth is driven by the strong focus of the pharmaceutical companies and research organizations on the R&D of drugs for neuromuscular drugs creating a strong growth for effective treatments. However, the harmful effects of ultraviolet radiation and the increase in skin diseases will drive the global drug market for neuromuscular blockade. In addition, the use of neuromuscular blockade agents in surgery and the increased geriatric population is also boosting the market growth.
Moreover, the global neuromuscular blocking drugs depend mainly on factors such as the increase in the number of adults, the increasing demand for advanced multiple sclerosisand medical services, and the growing research activities. Therefore, neuromuscular blocking agents or medications are powerful muscle relaxant that is widely used to prevent muscle contraction during surgery andthey are similar in structure to acetylcholine and promote muscle relaxation by post-synaptic binding to acetylcholine receptorswhich inhibit acetylcholine binding.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By End-Users
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-
Hikma Pharmaceuticals Inc., Novartis AG, Bayer AG, Pfizer Inc., AbbVie Inc.,and Merck & Co., Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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Global Neuromuscular Blocking Drug Market Report by Segment
By Type
Non-polarizing Agents
Depolarizing Agents
By Drug
Succinylcholine
Cisatracurium
Mivacurium
Doxacurium
Rocuronium
Vecuronium
Others
By End-Users
Hospitals Pharmacy
Retail Pharmacy
Online Pharmacy
Others
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