The global muscle relaxant drugs market is segmented by type such as facial muscle relaxant drugs, skeletal muscle relaxant drugs and neuromuscular blocking agents. Among these segments, neuromuscular blocking agents segment is expected to witness significant growth during the forecast period. The rise of the neuromuscular blocking agents segment is backed by rising prevalence of diseases and increasing number of surgeries across the globe.
Global muscle relaxant drugs market is expected to register a robust CAGR over the forecast period. Moreover, the global muscle relaxant drugs market is expected to reach at notable revenue by the end of 2024. The muscle relaxant drugs market is expected to expand on the back of growing geriatric population and increasing prevalence of common body pain such as neck pain, back pain and others due to muscle contraction.
The oral segment by route of administration is likely to grow atremarkable paceduring the forecast period. Availability of majority of muscle relaxant drugs in form of tablets and high preference of consumers for oral drugs are likely to drive the growth of this segment during the forecast period.
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Increasing Prevalence of Muscle Spasm
The main causes of muscle spasm include dehydration, electrolyte abnormality, muscle fatigues and when a muscle is tired is overused and tired. Further, rising prevalence of muscle spasm especially in old population is likely to escalate the demand for muscle relaxant drugs during the forecast period.
Increasing Number of Surgery
Rising occurrence of respiratory diseases and other dangerous diseases are increasing the demand for surgery services. Moreover, rising prevalence of muscle spasm or muscle contraction after surgery is likely to fuel the demand for muscle relaxant drugs across the globe. Furthermore, increasing number of athletes suffering from muscle contraction is likely to bolster the growth of muscle relaxant drugs market during the forecast period.
Although, high cost of muscle relaxant drugs, lack of awareness in various undeveloped countries across the globe and presence of poor quality of products by local companies are some of the factors that are likely to inhibit the growth of the muscle relaxant drugs market in the near future.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global muscle relaxant drugs market which includes company profiling of Pfizer Inc., Ipsen Group, Acorda Therapeutics, Novartis International AG, Teva Pharmaceutical Industries Ltd., Sanofi S.A, Gedeon Richer Plc., Medis Tunisia Pharmaceutical Laboratories, Glenmark Pharmaceuticals Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global muscle relaxant drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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