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Propofol Market Trends

  • Report ID: 3132
  • Published Date: Sep 02, 2024
  • Report Format: PDF, PPT

Propofol Market Trends

Growth Drivers

  • High Influence of Propofol on the Anesthesia Practice
  • Rise in the Number of Surgical Procedures

Challenges

  • Major Side Effects Associated with Propofol Drug

Propofol Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.2%

Base Year Market Size (2023)

USD 989.4 million

Forecast Year Market Size (2036)

USD 1.91 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 3132
  • Published Date: Sep 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of propofol is evaluated at USD 1.03 billion.

Propofol Market size was over USD 989.4 million in 2023 and is poised to cross USD 1.91 billion by 2036, growing at more than 5.2% CAGR during the forecast period i.e., between 2024-2036. High influence of propofol on the anesthesia practice and rise in the number of surgical procedures will propel the market growth.

North America is poised to account for largest revenue share by 2036, on the back of increase in the number of well-established healthcare facilities, high adoption of minimally invasive surgical procedures and easy availability of drugs in the region.

The major players in the market are Pfizer Inc., Bachem Holding AG, Porton Fine Chemicals Ltd., SI Group, Inc., AstraZeneca plc, and others.
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