lidocaine patches market Global Industry Report Analysis, Trends, Size 2027
- celina redden
- Sep 7, 2021
- 2 min read
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
The global lidocaine market is expected to register a CAGR of 8.40 % during the forecast period and is anticipated to account for a market value of USD 1,476.09 million by 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.
Moreover, ongoing research and development activities related to lidocaine are anticipated to present new opportunities for the market. For instance, Scilex Pharmaceuticals Inc., a subsidiary of Sorrento Therapeutics, Inc. received approval from the US Food and Drug Administration (FDA) for the product ZTlido (lidocaine topical system). However, government regulations related to the safety and efficacy of lidocaine may hamper the market growth.
Key Players
The Global lidocaine patches market are AstraZeneca Plc, Pfizer, Inc., Glenmark Pharmaceuticals, Amneal Pharmaceuticals LLC, Centura Pharmaceuticals, Inc., Taro Pharmaceuticals USA, Inc., Endo Pharmaceutical Inc., Teligent, Inc., Mylan Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd and Sorrento Therapeutics, Inc.
Regional Market Summary
Global Lidocaine Market, by Formulation
Internal Use
Injection
Others
Global Lidocaine Market, by Application
Medicines
Cosmetics
Others
Global Lidocaine Market, by Distribution Channel
Hospital Pharmacies
Retail Pharmacies
E-Commerce
Global Lidocaine Market, by Region
Americas
North America
US
Canada
South America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Middle East
Africa
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