Global Muscle Relaxant Drug Market Trends, Size, Forecast - 2019-2025


Posted June 3, 2020 by pooja1919

The global muscle relaxant drug market is projected to grow at a significant CAGR during the forecast period.

 
The global muscle relaxant drug market is projected to grow at a significant CAGR during the forecast period. The key factors that drive the global market growth include the rising number of geriatric populations, increased number of surgeries, approvals of new label indications, and rapid innovations. Baclofen, dantrolene, and tizanidine are among the three muscle relaxants approved by the FDA to treat spasticity. Whereas, methocarbamol, metaxalone, carisoprodol, chlorzoxazone cyclobenzaprine, and orphenadrine are approved to treat muscle spasm.

Further, the key players operating in the global muscle relaxant drug industry is driving the market growth. Players such as AbbVie Inc., Acorda Therapeutics Inc., Cadila Healthcare Ltd., Dr. Reddy's Laboratories Ltd., Johnson & Johnson Services Inc., Merck & Co. Inc., Mylan NV, Orient Pharma Co. Ltd., Par Pharmaceutical Inc., and Pfizer Inc. are significantly contributing to the muscle relaxant drug market growth by adopting various growth strategies. Product launches & developments, partnerships, agreements, and acquisitions are among some of the strategies adopted by the players to sustain in a competitive muscle relaxant drug market during the forecast period.

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In September 2017, Dr. Reddy's Laboratories Ltd. launched the anti-depressant muscle relaxant tablet in the US. The company launched Bupropion Hydrochloride extended-release tablets for treating depressive disorder along with the launch of Metaxalone tablets to affluence the discomforts associated with acute, painful musculoskeletal conditions.

In June 2017, Ipsen Biopharmaceuticals Inc. entered into a three-year agreement with Saol Therapeutics Inc. for the promotion and marketing of Dysport (abobotulinumtoxinA) for injection for approved therapeutic indications in adult spasticity and pediatric lower limb spasticity in the US.

In March 2017, the US FDA approved Cadila Healthcare Ltd. or Zydus Cadila for the marketing of tizanidine hydrochloride capsules, a muscle relaxant, in the US market.

Current Market Trends Covered in the market report:

Increased investments by the companies to leverage the customers with a wide range of drugs is positively affecting the muscle relaxant drug market growth during the forecast period

North America region will contribute a significant share in the market

Novel drug development and innovations are expected to be the key strategies adopted by the key players to gain a competitive edge in the global muscle relaxant drug industry across the globe

A full report of Global Muscle Relaxant Drug Market is available at: https://www.omrglobal.com/press-release/global-muscle-relaxant-drug-market

Global Muscle Relaxant Drug Market Segmentation

By Product Type

Peripherally Acting Muscle Relaxants

Facial Aesthetic Relaxants

Centrally Acting Muscle Relaxants

By Formulation

Oral

Injectable

By Region

North America

United States

Canada

Europe

Germany

UK

France

Spain

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Rest of the World

Company Profiles

AbbVie Inc.

Acorda Therapeutics Inc.

Aurobindo Pharma Ltd.

Cadila Healthcare Ltd.

DBL Pharma Inc.

Dr. Reddy's Laboratories Ltd.

Endo Pharmaceuticals Inc.

Ipsen Biopharmaceuticals Inc.

Johnson & Johnson Services Inc.

Merck & Co. Inc.

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated June 3, 2020