Lidocaine Market Size, Top Trends in 2020 - Global Industry Revenue, Forecast to 2028

Lidocaine Market Size – USD 4.62 Billion in 2020, Market Growth - CAGR of 3.61%, Market Trends – Increasing applications as local anesthesia for medical purposes.

The global Lidocaine Market is expected to reach USD 6.08 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the incidences of various minimally invasive surgical procedures, periodontal diseases and carries, inclination towards preventive healthcare, incidences of cosmetic procedures, incidences of painful disorders and growing applications in anti-itching and pain relief drug, associated with minor cuts, insect’s bites, skin scrapes, burns and eczema.

Lidocaine is an aminoethylamide derivative of xylidine. It is a lot times more toxic and potent than procaine and also provides local anesthesia that is by comparison more prompt, extensive, and long lasting.

For routine dental use the most suitable administration is of 2% lidocaine hydrochloride with 1:100,000 epinephrine, but the drug is also available as a plain solution or in multidose vials and with 1:50,000 epinephrine. Although 2% lidocaine with vasoconstrictor provides satisfactory dental anesthesia in normal circumstances, it has sometimes proved ineffective in rendering extremely sensitive teeth completely pain-free.

Formulations of lidocaine hydrochloride include a 2% viscous solution, 2% gel, a 4% solution, and a 10% topical spray. Lidocaine base is marketed in a 5% and 2.5% solution and ointment and a 10% aerosol spray. A mucosal is also available as adherent patch 2 cm long × 1 cm wide and containing 46.1 mg of lidocaine.

In-depth Study of the Competitive Landscape:

The global Lidocaine market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.

Top companies profiled in the report include:

Pfizer, Inc., AstraZeneca Plc, Amneal Pharmaceuticals LLC, Glenmark PharmaceuticalsTaro Pharmaceuticals USA, Centura Pharmaceuticals, Inc., Inc., Teligent, Inc., Endo Pharmaceutical Inc., Teva Pharmaceutical Industries Ltd., Mylan Pharmaceuticals Inc., and Sorrento Therapeutics, Inc., among others.

Key Market Regions Covered in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Type Outlook (Volume, Kilo tons; 2018-2028 and Revenue, USD Billion; 2018-2028)

  • Spray
  • Patch, Extended Release
  • Gel/Jelly
  • Cream
  • Ointment
  • Lotion
  • Swab
  • Solution
  • Powder

Dosage Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Billion; 2018-2028)

  • Internal
  • Topical

Medical Uses Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Billion; 2018-2028)

  • Anesthesia
  • Pain And Irritation
  • Hemorrhoids
  • Postherpetic Neuralgia
  • Cardiac Arrhythmia
  • Gastrointestinal Tract Examination
  • Labor Pain And Discomfort
  • Nerve Block To Relieve Pain

Distribution Channels Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Billion; 2018-2028)

  • Hospitals
  • Pharmacies
  • E-Commerce

Applications Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Billion; 2018-2028)

  • Medical
  • Cosmetics
  • Others

Frequently asked questions addressed in the report:

  • What is the revenue growth rate of the global Lidocaine market over the forecast period?
  • What are the major factors driving the growth of the Global Lidocaine Market?
  • What are the key challenges impacting the global Lidocaine market growth?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

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