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By 2030, the market for local anaesthetic medications is anticipated to reach USD 3,984 million, growing at a CAGR of 6% from 2023 to 2030. More dental, aesthetic, and plastic procedures have been performed in hospitals and clinics around the globe. One of the primary factors propelling the local anaesthetics market ahead is this. The number of persons seeking post-operative pain management has significantly increased as the number of procedures increases. One of the most significant market trends to date is this one.
An anaesthetic is a medication that is administered to a patient prior to a procedure or test in order to temporarily numb their sensations. Anaesthesia comes in two flavours: general and local. Because of the outcomes they produce when combined, mixtures of anaesthetics are also employed. Anaesthesia often works by preventing the brain from communicating how it feels and by preventing nerve impulses from moving through the nervous system. Instead than becoming entirely asleep as you would with general anaesthesia, local anaesthesia allows you to numb a specific area of your body. Chronic diseases like cancer, heart disease, lung disease, neurological disorders, and various stomach, back, and joint issues are more prevalent in the ageing population. This is due to an increase in surgical procedures. It is anticipated that the use of local anaesthetics during surgery will increase as drug delivery technology advances. For instance, the DepoFoam technology delivers bupivacaine in a novel manner, making it highly effective at reducing pain following surgery. Another factor driving the expansion of the market for medications used in local anaesthetics is the introduction of new, highly potent medications including articaine, levobupivacaine, and ropivacaine. The fact that healthcare expenses have increased in developing nations like India, China, and Brazil, where the number of procedures has been continually increasing, supports this tendency.
The local anaesthesia drug market is divided into Bupivacaine, Lidocaine, Benzocaine, Ropivacaine, Prilocaine, Chloroprocaine, and Other Drug Types based on the type of drug it contains. With the largest market share of 25% and the highest market revenue of 642.16 million in 2021, the lidocaine segment led the market. Because it could be applied topically or intravenously, lidocaine was the most widely used medication in 2021. However, newer drugs like articaine and bupivacaine may pose a challenge to this drug's market share during the projection period.
Report Coverage
Global Local Anesthesia Drugs research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Local Anesthesia Drugs report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Local Anesthesia Drugs competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Local Anesthesia Drugs market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Local Anesthesia Drugs market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Local Anesthesia Drugs market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Hikma Pharmaceuticals PLC, Fresenius SE & Co. KGaA, Glenmark Pharmaceutical Ltd, Pfizer Inc, Septodont, Teva Pharmaceutical Industries Limited
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Local Anesthesia Drugs market based on the below-mentioned segments:
Global Local Anesthesia Drugs Market, By Type
Global Local Anesthesia Drugs market, By Product
Global Local Anesthesia Drugs market, Regional Analysis
An anaesthetic is a medication that is administered to a patient prior to a procedure or test in order to temporarily numb their sensations. Anaesthesia comes in two flavours: general and local. Because of the outcomes they produce when combined, mixtures of anaesthetics are also employed. Anaesthesia often works by preventing the brain from communicating how it feels and by preventing nerve impulses from moving through the nervous system. Instead than becoming entirely asleep as you would with general anaesthesia, local anaesthesia allows you to numb a specific area of your body. Chronic diseases like cancer, heart disease, lung disease, neurological disorders, and various stomach, back, and joint issues are more prevalent in the ageing population. This is due to an increase in surgical procedures. It is anticipated that the use of local anaesthetics during surgery will increase as drug delivery technology advances. For instance, the DepoFoam technology delivers bupivacaine in a novel manner, making it highly effective at reducing pain following surgery. Another factor driving the expansion of the market for medications used in local anaesthetics is the introduction of new, highly potent medications including articaine, levobupivacaine, and ropivacaine. The fact that healthcare expenses have increased in developing nations like India, China, and Brazil, where the number of procedures has been continually increasing, supports this tendency.
The local anaesthesia drug market is divided into Bupivacaine, Lidocaine, Benzocaine, Ropivacaine, Prilocaine, Chloroprocaine, and Other Drug Types based on the type of drug it contains. With the largest market share of 25% and the highest market revenue of 642.16 million in 2021, the lidocaine segment led the market. Because it could be applied topically or intravenously, lidocaine was the most widely used medication in 2021. However, newer drugs like articaine and bupivacaine may pose a challenge to this drug's market share during the projection period.
Report Coverage
Global Local Anesthesia Drugs research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Local Anesthesia Drugs report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Local Anesthesia Drugs competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Local Anesthesia Drugs market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Hikma Pharmaceuticals PLC, Fresenius SE & Co. KGaA, Glenmark Pharmaceutical Ltd, Pfizer Inc, Septodont, Teva Pharmaceutical Industries Limited |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Local Anesthesia Drugs Market from 2021 to 2030.
- Market Forecast for Local Anesthesia Drugs Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Local Anesthesia Drugs competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Local Anesthesia Drugs
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Local Anesthesia Drugs market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Local Anesthesia Drugs market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Hikma Pharmaceuticals PLC, Fresenius SE & Co. KGaA, Glenmark Pharmaceutical Ltd, Pfizer Inc, Septodont, Teva Pharmaceutical Industries Limited
Primary Target Market
- Market Players of Local Anesthesia Drugs
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Local Anesthesia Drugs market based on the below-mentioned segments:
Global Local Anesthesia Drugs Market, By Type
- Bupivacaine
- Lidocaine
- Benzocaine
- Ropivacaine
- Prilocaine
- Chloroprocaine
- Other Drug Types
Global Local Anesthesia Drugs market, By Product
- Externally Threaded fasteners
- Internally threaded fasteners
- Non-threaded fasteners
- Aerospace grade fasteners
Global Local Anesthesia Drugs market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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