Muscle relaxants are a distinct group of medicines that can relax or reduce tension in muscles. These are used to treat conditions like muscle pain, spasm, and hyperreflexia. The two types of muscle relaxants available in the market are centrally acting muscle relaxants and direct-acting muscle relaxants. Direct-acting muscle relaxants are also known as neuromuscular blocking agents. Direct-acting muscle relaxants are generally used as anesthetics during surgery and long-term basis to allow controlled mechanical ventilation in patients in intensive care units.
MARKET DYNAMICS
The muscle relaxant drugs market is driving due to the rise in prevalence of chronic lower back pain. However, side effects and abuse potential of drugs is likely to restraint the market growth during the forecast period. Moreover, the rise in number of surgeries and increase in geriatric population are projected to drive the global muscle relaxant drugs market during the forecast period.
MARKET SCOPE
The "Muscle Relaxant Drugs Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of muscle relaxant drugs market with detailed market segmentation by drug class, route of administration and distribution channel. The muscle relaxant drugs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in muscle relaxant drugs market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The muscle relaxant drugs market is segmented on the basis of drug class, route of administration and distribution channel. Based on drug class, the market is segmented as peripherally acting muscle relaxants and centrally acting muscle relaxants. On the basis of route of administration, the market is categorized as bifurcated into oral and injectable. On the basis of application, the market is categorized as research, clinical. On the basis of distribution channel, the market is categorized as online pharmacies, retail pharmacies, and hospital pharmacies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the muscle relaxant drugs market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The muscle relaxant drugs market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting muscle relaxant drugs market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the muscle relaxant drugs market in these regions.
MARKET PLAYERS
The report covers key developments in the muscle relaxant drugs market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from muscle relaxant drugs market are anticipated to have lucrative growth opportunities in the future with the rising demand for muscle relaxant drugs in the global market. Below mentioned is the list of few companies engaged in the muscle relaxant drugs market.
The report also includes the profiles of key players in muscle relaxant drugs market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott Laboratories
- AbbVie, Inc.
- Acorda Therapeutics, Inc.
- Ipsen Biopharmaceuticals, Inc.
- Meda Pharmaceuticals, Inc.
- MedPointe Pharmaceuticals
- Merck & Co., Inc.
- Pfizer, Inc.
- Sandoz, Inc. (Novartis AG)
- Valeant Pharmaceutical International, Inc.