Sedation Therapy Market: Introduction
· The most important objectives of health care services is patient care and comfort. A sedative or tranquillizer is a substance that stimulates sedation by reducing excitement or irritability. These are central nervous system (CNS) depressants and interfere with brain activity and slowing down its activity.
· Symptom control is one of the key characteristic of palliative care. Usually, most patients have symptom control of a condition or part of it. However, in several cases, symptomatic control remains elusive. Hence, sedation tests as well as procedures are crucial parts of care that anesthesiologists provide. The manner in which sedation therapy is provided is not consistent between health care centers, and depends on patents. In order to aid in standardization, sedation guidelines have been set up by different governing bodies, health care centers, and small clinics introducing rigorous standards for monitoring, evaluation, and documentation primarily to improve the quality of the practice of sedation.
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Key Drivers of Global Sedation Therapy Market
· The global sedation therapy market is projected to grow at a rapid pace in the next few years. Sedation therapy is commonly used in minor and few major procedures, such as suturing a laceration in emergency department. In some of the cases, sedation therapy is also used in non-painful procedures, wherein patients need to be still for longer period of time such as long diagnostic imaging procedures and most common MRI procedures.
· With rapid improvements in diagnostic and therapeutic procedures executed outside operating room, precise sedation therapy plays a crucial part in health care procedures. For example, gastrointestinal endoscopy and some of the cardiovascular procedures are the most common procedures performed using non-anesthesia sedation. This scenario is expected to drive the global sedation therapy market.
· Sedatives such as temazepam, benzodiazepine, and zolpidem are the commonly used sedatives utilized in many purposes such as inducing sleep and numbness during procedures as well as to reduce pain
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North America to Hold Major Share of Global Sedation Therapy Market
· North America dominated the global sedation therapy market due to increase in number of surgical as well as minimally invasive surgical procedures. According to reports published by annual plastic surgery procedure statistics, more than 18 million minimally invasive and surgical cosmetic procedures were performed in the U.S. in 2017, an increase of nearly 2% over that in 2016. Additionally, technological advancements in the pharmaceutical sector, high adoption of services, and high per capita income are expected to drive the market in the region.
· Asia Pacific is likely to be the most lucrative market for sedation therapy in the near future due to rapidly developing medical & technological infrastructure and increase in government initiatives
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Key Players Operating in Global Market
The global sedation therapy market is highly saturated, with key manufacturers implementing various strategies to gain maximum market share.
Leading players operating in the global sedation therapy market are:
· Pfizer, Inc.
· F. Hoffmann-La Roche Ltd.
· Bausch Health Companies, Inc.
· Mylan, N.V.
· Teva Pharmaceutical Industries Ltd.
· Sun Pharmaceutical Industries Ltd.
· Apotex, Inc.
· Aurobindo Pharma
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