Muscle Relaxant Drugs Market - Share Assessments for the Regional and Country Level Segments
The global muscle relaxant drugs market is expected to grow with a CAGR of 5.5% during 2015 - 2020. The global muscle relaxant drugs market is growing, due to increasing aging population, increasing incidences of skin diseases and harmful effects of ultra violet radiation. In addition, the increasing usage of neuromuscular blocking agents in surgeries, and increase in disposable income are also driving the growth of the global muscle relaxant drugs market.
Among the various types, the facial aesthetic relaxant segment is expected
to be the largest segment and expected to witness the fastest growth during the
forecast period.
The
increasing aging population is propelling the growth of the global muscle
relaxant drugs market, since the elder population is more prone to illness due
to low immunity levels, and high recovery time consumption. Old age is
associated with the loss of fibrous tissue, and reduced vascular and glandular
network in the layers of skin. In the elderly population, the appearance and
characteristics of the skin gets altered, leading to wrinkles, appearance of
frown lines, dryness, pigmentary alteration, and sagging of the skin. The
muscle relaxant-based procedures help in reducing skin aging, thus giving
younger look to a person by revitalizing and tightening the skin.
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However,
the high capital expenditure, stringent regulatory requirements, and risks
associated with muscle relaxants are inhibiting the growth of the global
market. The tradition of online shopping for muscle relaxant drugs and their
increasing usage in cosmetic industry are the major trends observed in the
global muscle relaxant drugs market.
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Geographically,
North America dominated the global market of muscle relaxant drugs in 2014;
whereas the Asian market is expected to witness the fastest growth during the
forecast period.
The key
companies operating in the global muscle relaxant drugs market include F.
Hoffmann-La Roche Ltd., Johnson & Johnson, GlaxoSmithKline plc, Intas
Pharmaceuticals Ltd., Pfizer Inc., Galderma S.A., and Merck & Co. Inc.
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