Increase in Aging Population Propelling Global Muscle Relaxants Market Steadily: Research Estimates 5.8% CAGR till 2022


Published on : Apr 16, 2018

Albany, New York, April 16, 2018: In the present time, there are various muscle relaxer available on the market that is prescribed to treat a wide range of muscle pain in the body. Relaxant for the muscle is known to lower muscle pain and loosen up the body's muscle. A recent study, focusing on the global demand for muscle relaxants has been publicized to the wide repository of Market Research Hub (MRH), titled as “Muscle Relaxants: Global Markets to 2022”. The study offers a comprehensive evaluation of the market and estimates the market size of muscle relaxants for 2017 and forecast for the next five years, by focusing on some prime regions. The chapter on a regional outlook of the market sheds light on the performance and contribution of major regions such as North America, APAC, Latin America, MEA and Europe.

Key Highlights from the Study

Muscle relaxants are typically used to treat acute muscle problems, though they are sometimes incorporated into the treatment of chronic pain conditions that involve painful muscle spasms. In the present time, the increasing aging population is driving the growth of the global muscle relaxant drugs market, since the elder population is more prone to illness due to low immunity levels, and high recovery time consumption. According to the research findings, the global muscle relaxants market will anticipate rising at a healthy 5.8% CAGR from 2017-2022 and projected to become worth $24.4 billion by 2022 from its valuation of $18.4 billion in 2017.

In the first part, the market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the muscle relaxants market and how it could influence the market in the near future. Presently, the growing aging population, increase in a number of surgeries and favorable government legislation and increased healthcare spending is driving the demand for muscle relaxants. These factors along with technological advances such as internet penetration and specialized research and development are expected to drive the muscle relaxants industry during the forecast period.

Moreover, the research highlights overall information of the global market with respect to the leading market segments based on type. Major type include centrally acting muscle relaxants, peripherally acting muscle relaxants and facial muscle relaxant. Of these, the highest growth is projected to come from Facial muscle relaxants, which is forecast to grow at an impressive CAGR through 2022. On the basis of geography, North America is the largest market for muscle relaxants. In the coming years, Asia Pacific is expected to witness the rapid growth in the muscle relaxants market.

In the end, analysts have included detailed competitiveness analysis along with market key players and strategic overview. Some of the major companies operating in the market are Mylan, Sanofi, Novartis, Pfizer and others.

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