“Muscle Relaxant Drugs Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on muscle relaxant drugs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for muscle relaxant drugs? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The muscle relaxant drugs market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Drug Type: Facial Muscle Relaxant Drugs; Skeletal Muscle Relaxant Drugs; Neuromuscular Blocking Agents
- 2) By Route of Administration: Oral; Injectable; Spray; Ointment
- 3) By Formulation: Cyclobenzaprine; Carisoprodol; Chlorzoxazone; Metaxalone; Methocarbamol; Baclofen; Tizanidine; Orphenadrine; Dantrolene
- 4) By End-User: Hospitals; Homecare; Speciality Clinics; Other End-Users
- Companies Mentioned: Pfizer Inc.; Ipsen Pharma; Teijin Limited; Par Pharmaceutical; Orient Phaarma
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the muscle relaxant drugs market are Pfizer Inc., Ipsen Pharma, Teijin Limited, Par Pharmaceutical, Orient Phaarma, Sandoz International GmbH, Accord Healthcare, Amneal Pharmaceuticals LLC, Fresenius Kabi India Pvt. Ltd., Aurobindo Pharma, Mylan N.V., Hikma Pharmaceuticals PLC, Lupin, Akorn Incorporated, and Merck & Co. Inc.
The global muscle relaxant drugs market is expected to grow from $4.13 billion in 2022 to $4.45 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The muscle relaxant drugs market is expected to reach $5.79 billion in 2027 at a CAGR of 6.8%.
The muscle relaxant drugs market consists of sales of antispasmodics, benzodiazepines and nonbenzodiazepines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Muscle relaxants are medications that are used to treat muscle spasms caused by neurological conditions. These are used for treating muscle pains.
North America was the largest region in the muscle relaxant drugs market in 2022. The regions covered in the muscle relaxant drugs report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main drug types of muscle relaxant drugs are facial muscle relaxant drugs, skeletal muscle relaxant drugs and neuromuscular blocking agents. The facial muscle relaxant is a muscle relaxant used to treat facial spasms and cramps. The route of administration includes oral, injectable, spray, and ointment with various formulations such as cyclobenzaprine, carisoprodol, chlorzoxazone, metaxalone, methocarbamol, baclofen, tizanidine, orphenadrine, and dantrolene. The various end-users are hospitals, home care, specialty clinics and others.
The rising geriatric population is expected to propel the growth of the muscle relaxant drugs market going forward. The geriatric population refers to older adults 65 years and beyond. Muscle relaxant drugs are used for sedating and reducing the pain of the geriatric population who are more likely to suffer from musculoskeletal disorders. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, according to October 2021 published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Therefore, the rising geriatric population is driving the growth of the muscle relaxant drugs market.
Product innovations are the key trend gaining popularity in the muscle relaxant drugs market going forward. Major companies operating in the market are developing innovative drugs for specific medical applications such as generic versions of muscle relaxant drugs, muscle relaxants for animals, drugs that provide flexible, customized dosing, and others to sustain their position in the market. For instance, in June 2022, Amneal Pharmaceuticals Inc., a US-based integrated specialty pharmaceutical company, launched LYVISPAH®, a baclofen oral granule (5, 10, and 20 mg) specialty product approved by the US Food and Drug Administration for the treatment of spasticity associated with multiple sclerosis and other spinal cord disorders. LYVISPAHi offers flexible, customized dosing with 5mg, 10mg, and 20mg single-dose packets of granules that are used in treating muscle stiffness, spasms, and pain from multiple sclerosis. The rapidly dissolving flavored granules offer an alternative for patients with spasticity who also have difficulty swallowing pills. The product can be administered in three ways: directly into the patient's mouth with or without water, mixed with liquids or foods, or through an enteral feeding tube.
In 2020, AbbVie, a US-based global biopharmaceutical company acquired Allergan plc for an undisclosed amount. The deal considerably broadens and diversifies AbbVie's income stream and strengthens the company's already-established leadership positions in immunology with Humira®, hematologic oncology with Imbruvica®, and Rinvoq®. Allergan plc US-based company that manufactures and sell muscle relaxant drugs.
The countries covered in the muscle relaxant drugs market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The muscle relaxant drugs market research report is one of a series of new reports from The Business Research Company that provides muscle relaxant drugs market statistics, including the muscle relaxant drugs industry's global market size, regional shares, competitors with a muscle relaxant drugs market share, detailed muscle relaxant drugs market segments, market trends and opportunities, and any further data you may need to thrive in the muscle relaxant drugs industry. This muscle relaxant drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Muscle Relaxant Drugs Market Characteristics
3. Muscle Relaxant Drugs Market Trends And Strategies
4. Muscle Relaxant Drugs Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Muscle Relaxant Drugs Market
- 4.2. Ukraine-Russia War Impact On Muscle Relaxant Drugs Market
- 4.3. Impact Of High Inflation On Muscle Relaxant Drugs Market
5. Muscle Relaxant Drugs Market Size And Growth
- 5.1. Global Muscle Relaxant Drugs Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Muscle Relaxant Drugs Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Muscle Relaxant Drugs Market Segmentation
- 6.1. Global Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Facial Muscle Relaxant Drugs
- Skeletal Muscle Relaxant Drugs
- Neuromuscular Blocking Agents
- 6.2. Global Muscle Relaxant Drugs Market, Segmentation By Route of Administration, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oral
- Injectable
- Spray
- Ointment
- 6.3. Global Muscle Relaxant Drugs Market, Segmentation By Formulation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cyclobenzaprine
- Carisoprodol
- Chlorzoxazone
- Metaxalone
- Methocarbamol
- Baclofen
- Tizanidine
- Orphenadrine
- Dantrolene
- 6.4. Global Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospitals
- Homecare
- Speciality Clinics
- Other End-Users
7. Muscle Relaxant Drugs Market Regional And Country Analysis
- 7.1. Global Muscle Relaxant Drugs Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Muscle Relaxant Drugs Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Muscle Relaxant Drugs Market
- 8.1. Asia-Pacific Muscle Relaxant Drugs Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Muscle Relaxant Drugs Market
- 9.1. China Muscle Relaxant Drugs Market Overview
- 9.2. China Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Muscle Relaxant Drugs Market
- 10.1. India Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Muscle Relaxant Drugs Market
- 11.1. Japan Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Muscle Relaxant Drugs Market
- 12.1. Australia Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Muscle Relaxant Drugs Market
- 13.1. Indonesia Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Muscle Relaxant Drugs Market
- 14.1. South Korea Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Muscle Relaxant Drugs Market
- 15.1. Western Europe Muscle Relaxant Drugs Market Overview
- 15.2. Western Europe Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Muscle Relaxant Drugs Market
- 16.1. UK Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Muscle Relaxant Drugs Market
- 17.1. Germany Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Muscle Relaxant Drugs Market
- 18.1. France Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Muscle Relaxant Drugs Market
- 19.1. Eastern Europe Muscle Relaxant Drugs Market Overview
- 19.2. Eastern Europe Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Muscle Relaxant Drugs Market
- 20.1. Russia Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Muscle Relaxant Drugs Market
- 21.1. North America Muscle Relaxant Drugs Market Overview
- 21.2. North America Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Muscle Relaxant Drugs Market
- 22.1. USA Muscle Relaxant Drugs Market Overview
- 22.2. USA Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Muscle Relaxant Drugs Market
- 23.1. South America Muscle Relaxant Drugs Market Overview
- 23.2. South America Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Muscle Relaxant Drugs Market
- 24.1. Brazil Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Muscle Relaxant Drugs Market
- 25.1. Middle East Muscle Relaxant Drugs Market Overview
- 25.2. Middle East Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Muscle Relaxant Drugs Market
- 26.1. Africa Muscle Relaxant Drugs Market Overview
- 26.2. Africa Muscle Relaxant Drugs Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Muscle Relaxant Drugs Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Muscle Relaxant Drugs Market Competitive Landscape And Company Profiles
- 27.1. Muscle Relaxant Drugs Market Competitive Landscape
- 27.2. Muscle Relaxant Drugs Market Company Profiles
- 27.2.1. Pfizer Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Ipsen Pharma
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Teijin Limited
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Par Pharmaceutical
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Orient Phaarma
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Muscle Relaxant Drugs Market
29. Muscle Relaxant Drugs Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer