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Muscle Relaxant Drugs Market Size

  • Report ID: GMI6559
  • Published Date: Aug 2023
  • Report Format: PDF

Muscle Relaxant Drugs Market Size

Muscle Relaxant Drugs Market size was valued to be USD 4.1 billion in 2022 and is expected to reach USD 9.4 billion in 2032 with a CAGR of 6.4% from 2023 to 2032. The market's significant growth is primarily driven by the rising geriatric population coupled with growing prevalence of chronic pain along with lower back pain.

 

For instance, in 2022, according to World Health Organization (WHO), the lower back pain affected nearly 619 million people globally and it is estimated that the number of cases will increase to 843 million cases by 2050. Therefore, patient awareness towards pain management drugs for the musculoskeletal r disorders along with the surge in drug discovery & development is expected to propel the growth of the market.

 

Muscle relaxant drugs, also known as muscle relaxants, are a class of drugs that are used to reduce muscle tension, stiffness, and spasms. They work by affecting the central nervous system or the muscle itself to alleviate discomfort and improve mobility in conditions associated with muscle-related issues. They are prescribed for various conditions such as neck, & low back pain, myofascial pain syndrome and fibromyalgia among other conditions. In addition, they are also used during surgical interventions along with general aesthetics for muscle relaxation.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global muscle relaxant drugs industry size was USD 4.1 billion in 2022 and will reach USD 9.4 billion by 2032 with a CAGR of 6.4% from 2023 to 2032.

The muscle spasm & pain relief segment is expected to reach USD 4 billion by end of 2032 owing to the widespread need for efficient solutions to manage muscle-related discomfort.

North America muscle relaxant drugs market held 37.6% revenue share in 2022 and is anticipated to show considerable growth during 2023-2032 attributed to the growing aging population, sedentary lifestyles, and occupational stress.

Amneal Pharmaceuticals LLC, Ipsen Biopharmaceuticals, Inc, Merz Pharmaceuticals, LLC, Mylan (Viatris), Sanofi, Pfizer Inc, Novartis AG, Teva Pharmaceuticals Industries Ltd, Vertical Pharmaceuticals, Sun Pharmaceutical Industries Ltd, SteriMax Inc, Par Pharmaceutical, Abbott Laboratories and F. Hoffmann-La Roche AG.

Muscle Relaxant Drugs Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 322
  • Countries covered: 19
  • Pages: 200
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