Global Lidocaine Market: Information by Formulation (Injections, Creams, Ointments, Gels, Aerosol Liquids and others), by Application (Dentistry, Cardiac Arrhythmia, Epilepsy, Cosmetics and others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Others) by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
Market Highlights
Lidocaine Market Size To Expand at a Notable CAGR Of 8.40% During 2018 - 2021:
. Lidocaine is a local anesthetic and cardiac depressant which is used as an antiarrhythmic agent. The growing geriatric population, increasing application of lidocaine in several dental procedures, and rising incidence of dental caries and other periodontal diseases are expected to propel the growth of the global lidocaine market over the forecast period.
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Major Key Players
SCILEX Pharmaceuticals, Inc.
Hisamitsu Pharmaceutical Co., Inc.
Jiangsu Tianji Pharmaceutical Co. Ltd.
SOFMEDICA
Perkin Elmer
Medline Industries, Inc.
SonoScape Medical Corp.
Pfizer, Inc.
KARL STORZ.
Teikoku Pharma USA, Inc.
Endomed Systems
Actavis Labs UT Inc.
Dun & Bradstreet, Inc.
PENTAX Medical
Competitive Analysis
Topical Lidocaine market size serious scene gives subtleties by a contender. Subtleties included are organization outline, organization financials, market potential, income created, interest in innovative work, item dispatch, new market activities, worldwide presence, creation locales and offices, organization qualities, and shortcomings, clinical preliminaries pipelines, item endorsements, licenses, item width and expansiveness, application predominance, innovation lifesaver bend. The above information focuses gave simply identified with the organizations' center identified with Lidocaine market.
Regional Analysis
Geographically, the Americas is expected to dominate the global lidocaine market The market growth in the region is due to the growing number of surgeries, increasing R&D activities and rising demand for lidocaine formulations in dental and cosmetic procedures. Europe showed a significant amount of growth in the market owing to the increasing adoption of lidocaine injections as local anesthetics during the surgeries and huge patient population. As per MRFR analysis, the UK accounted for a market share of 25.8% in the Europe lidocaine market in 2017. Asia-Pacific is anticipated to be the fastest growing region in the market and expected to grow with a CAGR of 9.21% over the forecasted period. The market growth in the region is due to the rising number of cosmetic procedures, dental procedures, and plastic surgeries. On the other hand, the Middle East &
Key Findings of the Study
Global lidocaine market is projected to reach USD 1,476.09 million by 2021 with 8.40% CAGR during the review period of 2018 to 2021
Americas accounted for the largest share in the region due to the high adoption rate of lidocaine in dental procedures.
The hospital pharmacies segment is accounted for the largest share, holding a market value of USD 596.76 million in 2017.
Some of the players operating in the lidocaine market are AstraZeneca, Glenmark Pharmaceuticals Limited, Teligent, Septodont Holding, and Amneal Pharmaceuticals LLC among others.
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