"Designing Growth Strategies is in our DNA"
Ropivacaine is a local and regional anesthetic used during surgery and for short-term pain management such as postoperative and labor pain management. There is an increasing rate of major surgeries such as cardiovascular surgeries, general surgeries, and others that require anesthesia. This is increasing the demand for anesthetic injections such as ropivacaine among patients, further contributing to the rising adoption of ropivacaine injections in the market.
Moreover, the geriatric population is at higher risk of developing chronic disorders such as heart disorders, neurovascular disorders, and others, which is expected to increase the rate of surgeries performed among this population. An increasing number of surgeries require anesthetics for post-operative pain management which is likely to increase the adoption of anesthetics in the upcoming years.
Additionally, certain advantages associated with ropivacaine such as improved penetration rate, lower concentration required, and others as compared to other commercially available anesthetics is contributing to the rising adoption of ropivacaine among patients. Also, ropivacaine is associated with minimal chances of motor block, making it suitable for administering in patients. Thus, the increasing number of surgeries coupled with rising drug adoption increases the demand for ropivacaine, further enabling the key players to focus on launching ropivacaine and its generics in the market.
The COVID-19 pandemic has negatively impacted the ropivacaine market. The sales of ropivacaine decreased rapidly as a massive decline was observed in surgical procedures during the pandemic. Decreased surgical procedures affected the adoption of ropivacaine among the patient population, leading to decreased demand for ropivacaine in the market. According to a 2022 article published by National Center for Biotechnology Information (NCBI), it was reported that significantly fewer operations were performed due to fewer inpatient and outpatient admissions during the pandemic.
Moreover, the pandemic resulted in a heavy disruption in the supply chain which made it difficult for industries and organizations to distribute ropivacaine during the pandemic and decreased the demand for ropivacaine among the patient population.
Based on the product, the market is bifurcated into epidural administration, infiltration, and others. Amongst these, epidural administration is dominant in the market owing to its distinct advantages such as its effectiveness, adequate pain control without affecting the sensation of pressure, and others. Also, epidural administration is preferred in general surgery due to its use as a sole anesthetic during surgery and as a continuous infusion for postoperative pain control.
On the other hand, infiltration generally provides anesthesia for minor surgical procedures and also improves postoperative analgesia. The increasing patient population undergoing minor surgical procedures is leading to the rising demand for this method of administration among patients and thus, contributing to the growth of the segment in the market.
To gain extensive insights into the market, Download for Customization
North America market holds the largest share due to the increasing number of surgeries such as cesarean surgery that require anesthetics in order to manage the labor pain among pregnant women is expected to increase its demand. An increasing number of surgeries along with improved reimbursement policies in the region further supports the adoption of ropivacaine among the patient population, further increasing the demand for ropivacaine in the market. This is leading the key players to focus on receiving regulatory approvals for introducing anesthetics such as ropivacaine into the market. Furthermore, increasing regulatory approvals for these anesthetics contributed to the increased availability of ropivacaine, thereby supporting the growth of the market.
On the other hand, Asia Pacific is anticipated to register a considerable growth rate. This is attributed to the increasing geriatric population, resulting in more operative procedures among patients. This, along with growing awareness about the advantages of ropivacaine over other anesthetics and rising healthcare expenditure is leading to the region's growth in the market.
The report will include the profiles of key players such as Pfizer Inc., AstraZeneca, Aspen Pharmacare, Akorn Operating Company LLC, Nephron Pharmaceuticals Corporation, and others
|
By Administration |
By Indication |
By Distribution Channel |
By Geography |
|
|
|
|
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )