Leading U.S. Anesthesia Drug Companies (2025 Forecast)
12 Jun, 2025

The Market for United States Anesthesia Drugs is anticipated to increase at a compound annual growth rate of 3.86% from 2024 to 2030, from US$ 2.61 billion in 2024 to US$ 3.67 billion in 2033. The market for anesthetic medications in the US is expanding gradually due to a rise in surgical operations, improvements in medical technology, and an aging population. General, regional, and local anesthetics are often used and given in a variety of medical contexts. The primary end users are still hospitals, although demand is growing for ambulatory and outpatient facilities. Safety, effectiveness, and patient outcomes are being improved by innovations in medication formulations and administration methods. The market is also influenced by changes in regulations, the demand for affordable anesthetic treatments, and changing clinical practices. Pharmaceutical firms are still spending money on research to create anesthetic medications that are more effective and focused. 

The main drivers driving the market's expansion are the rising number of surgeries and the significant market participants' increasing R&D expenditures. For example, the American Cancer Society's 2022 Cancer Facts and Figures report indicated that there were 1.9 million new cases of cancer in the US. Furthermore, 290,560 new instances of breast cancer are expected to occur in the US in 2022, making it the most frequent cancer, according to data released by the National Cancer Institute in May 2022. 

Discover key trends, growth opportunities, and major challenges shaping the United States Anesthesia Drugs Industry in Renub Research’s latest in-depth market report. Download your free sample now 

List of Leading Companies in the Unites States Anesthesia Drugs Market 

Baxter International Inc. 

Establishment: 1931 

Headquarters: United States of America  

Website: www.baxter.com 

Revenue: $10.6B in 2023 

The medical technology business Baxter International Inc. (Baxter) creates, produces, and markets digital health solutions and healthcare goods. In addition to innovative surgical equipment, the firm provides parenteral nutrition therapy, sterile intravenous solutions, infusion systems, and inhaled anesthetics. Products from the firm are used in ambulatory surgical centers, hospitals, nursing homes, rehabilitation facilities, doctor's offices, and by patients at home under medical supervision. Baxter uses a network of independent distributors, medication wholesalers, specialty pharmacies, and other alternate site providers in addition to its direct sales team to distribute its goods. The business operates in Europe, Asia-Pacific, Africa, the Middle East, and the Americas. The US headquarters of Baxter are located in Deerfield, Illinois. 

Abbvie 

Establishment: 2013 

Headquarters: United States of America 

Website: www.abbvie.com 

Revenue: $56.3B in 2023 

The specialized biopharmaceutical business AbbVie Inc. (AbbVie) is involved in the research, development, production, and marketing of medications for the treatment of severe and complicated illnesses. Rheumatology, dermatology, gastrointestinal, oncology, neurology, eye care, aesthetics, infectious illnesses, pulmonology, and endocrinology are among the therapeutic specialties that the firm specializes in. Among other things, it provides contract manufacturing services for the production of antibody drug conjugates, aseptic fill finish, mAbs and mAb, bespoke APIs, and eye care products. Physicians, distributors, wholesalers, government organizations, medical institutions, specialty pharmacies, and independent retailers are just a few of the ways that AbbVie provides its medicines to people across the world. The US, Italy, Ireland, Costa Rica, Germany, France, and Singapore are the locations where the corporation runs its production plants. The US headquarters of AbbVie are located in North Chicago, Illinois. 

Medtronic Plc 

Establishment: 1949 

Headquarters: Ireland 

Website: www.medtronic.com 

Revenue: $32.4B in 2023 

The medical technology business Medtronic plc (Medtronic) creates, develops, produces, and sells medical equipment and solutions. Research, design, production, and sales of biomedical engineering products are among the company's primary endeavors. It provides products to treat heart valve problems, heart failure, aortic, peripheral vascular, venous, renal, and neurological illnesses, as well as disorders of the spine, musculoskeletal system, and the ears, nose, and throat. Additionally, Medtronic offers biologic solutions for the dentistry and orthopedic industries. In Asia Pacific, Europe, the Americas, the Middle East, and Africa, the firm sells its goods to hospitals, clinics, third-party healthcare providers, government healthcare programs, distributors, and group purchasing groups. The headquarters of Medtronic are located in Dublin, Ireland. 

Draegerwerk AG  

Establishment: 1889 

Headquarters: Germany 

Website: www.draeger.com 

Revenue: $3.6B in 2024 

Dragerwerk AG & Co KGaA (Dragerwerk) is a firm that specializes in safety technologies and medical products. It creates, manufactures, and sells equipment, services, and system solutions for the acute point of care (APOC) process chain, which includes home care, critical care, perinatal care, emergency care, and perioperative care. Additionally, the firm creates safety gear, alcohol and drug testing devices, professional diving gear, fixed and mobile gas detection, integrated hazard management, and system solutions and services for personal protection. Germany, Lithuania, Norway, Serbia, China, Chile, the Czech Republic, France, India, Norway, South Africa, Sweden, the United Kingdom, and the United States are among the countries where it has development and manufacturing facilities. The business has sales and service divisions throughout many nations. The headquarters of Dragerwerk are located in Lubeck, Germany. 

Koninklijke Philips NV  

Establishment: 1891 

Headquarters: Netherlands 

Website: www.philips.com 

Revenue: $19.5B in 2023 

Koninklijke Philips NV (Philips) is a multifaceted technology firm that creates and produces consumer electronics and medical solutions. Precision diagnostics, image-guided therapy, monitoring, enterprise informatics, sleep and respiratory care, and personal health are among the items that the firm sells. X-ray and fluoroscopy equipment, magnetic resonance imaging (MRI) equipment, computed tomography (CT) equipment, integrated interventional X-ray equipment, image guided therapy equipment, intracardiac echocardiography (ICE) equipment, hospital patient monitoring equipment, ambulatory monitoring and diagnostics equipment, battery-operated toothbrushes, brush heads, breast pumps, baby bottles, sterilizers, groomers, trimmers, and hair clippers are some of its main offerings. In Europe, North America, and Asia, the corporation provides services to healthcare practitioners, patients, and consumers in a variety of sectors. The Netherlands' Amsterdam, Noord-Holland, is home to Philips' headquarters. 

Abbott Laboratories 

Establishment: 1888 

Headquarters: United States of America  

Website: www.abbott.com 

Revenue: $42.0B in 2023 

Abbott Laboratories (Abbott) is a health care and medical device corporation that develops, creates, produces, and markets goods. Products related to gastroenterology, women's health, cardiovascular and metabolic, pain and central nervous system, respiratory drugs and vaccines, biosimilars, core laboratory and transfusion medicine systems, point-of-care systems, rapid diagnostics lateral flow testing, informatics and automation solutions, nutritional products, rhythm management products, electrophysiology products, heart failure related products, vascular products, structural heart products, and neuromodulation products are among its primary offerings. The business sells its goods to consumers in North America, Latin America, the Middle East, Europe, Asia-Pacific, and Africa through distributors, wholesalers, government organizations, hospitals, pharmacies, and independent merchants. The US headquarters of Abbott are located in Abbott Park, Illinois.