Lidocaine Patches Market - Size, Share, Outlook, and Forecast till 2026
Lidocaine patches are a form of local anesthesia, which often helps relieve the burning, stabbing pains, or aches that persist after shingles infections, which last for months up to years. The application of these patches is to stop nerves from delivering pain signals. Growing incidence of herpes neuralgia in turn, is expected to boost growth of the lidocaine patches market size.
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Furthermore, rising urbanization and increasing employed population that is perform desk work for prolong hours is increasing the prevalence of chronic back pain. Lidocaine patch 5% (Lidoderm), is prescribed by physicians as a targeted peripheral analgesic for chronic pain. This in turn, is expected to boost demand for lidocaine patches, further boosting growth of the lidocaine market, globally.
The ease usability of these patches that requires the solely the protective liner to be removed, followed by applying on to healthy, normal skin area that is most painful, is responsible for increasing adoption of lidocaine patches. Moreover, some patients do not require further medication to subside the pain symptoms due to the high effectiveness of these patches. These factors in turn, are driving growth of the lidocaine market.
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However, when used on broken or irritated skin, the patch would lead to further skin damage. Some patients experience redness, swelling, blisters, or changes in skin color at the site of application due to application of this patch. This poses as a factor hampering growth of the lidocaine market.
Sorrento Therapeutics—a global biotechnology company—announced resubmission of a New Drug Application (NDA) seeking approval for ZTlido (lidocaine patch 1.8%) for the relief of pain associated with post-herpetic neuralgia, in 2017. ZTlido delivers bioequivalent levels of lidocaine to Lidoderm (lidocaine patch 5%) and Versatis (lidocaine medicated plaster 5%), which is safer for children and pets and reduces drug waste.
Hisamitsu America—a division of Hisamitsu Pharmaceutical Co., Inc.—announced the launch of Lidocaine Plus product line with the introduction of the Salonpas® Lidocaine Plus Pain Relieving Cream and the Salonpas® Lidocaine Plus Pain Relieving Liquid to its unscented Salonpas® Lidocaine 4% Pain Relieving Patch product segment for lidocaine.
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