Lidocaine Market Major Development Trend 2018 to 2023 | By Application Cosmetics, Medicines & Others – Says MRFR

Worldwide Trend “Lidocaine Market” Premium Research Report Available to Market Research Report. To Provide Overview of Key Players and their Strategic Profiling in the Market, Comprehensively Analyzing their Core Competencies, and Drawing a Competitive Landscape for the Market

Lidocaine Market: Segmentation

The global lidocaine market has been segmented into formulation, application, and distribution channel.

The market, on the basis of formulation, has been segmented into internal use and topical use. The internal use segment has been further segmented into injection and others. The topical use segment has been further segmented into powder, gel, cream, ointment, patch, and others.

The market, by application, has been segmented into medicines, cosmetics, and others.

The market, by distribution channel, has been segmented into hospital pharmacies, retail pharmacies, and e-commerce.

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The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The lidocaine market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European lidocaine market has been segmented into Western Europe and Eastern Europe. Western Europe has been further classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The lidocaine market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The lidocaine market in the Middle East and Africa has been segmented into the Middle East and Africa.

Lidocaine Market: Scenario

The global lidocaine market is expected to grow significantly over the forecast period. Lidocaine is a synthetic aminoethyl amide with local anesthetic and antiarrhythmic properties. The growing applications of lidocaine as an anti-itching and pain relief drug associated with insect’s bites, minor cuts, burns, skin scrapes, in the urethra in males as well as females, and eczema are anticipated to boost its demand, thereby driving the growth of the market. Additionally, high adoption of lidocaine injections as local anesthetics during surgeries is expected to contribute to the market growth.

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.

Lidocaine Market: Key players        

Some of the key players in the global lidocaine 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.

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Lidocaine Market: Regional Analysis

Geographically, the Americas is anticipated to dominate the global lidocaine market.  The market growth in this region is attributed to the presence of a well-established healthcare sector, increasing healthcare expenditure, and growing R&D activities. According to the National Center for Health Statistics, the total national health expenditures were USD 3.2 trillion in 2015. Europe is expected to be the second largest market in the globe owing to the increasing number of surgeries, growing demand for lidocaine formulations, and increasing healthcare expenditure. Asia-Pacific is anticipated to be the fastest growing market owing to the presence of a huge patient population, increasing disposable income, and growing healthcare expenditure. The Middle East and Africa accounts for the lowest market share in the global lidocaine market due to low development, lack of technical knowledge, and poor medical facilities, especially in the African region. In this region, the Middle East is expected to dominate the lidocaine market owing to the developing healthcare sector.

Major Points Table of Content by “Lidocaine Market Research Report - Forecast to 2021”

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Lidocaine Market, By Formulation

Chapter 7. Global Lidocaine Market, By Application

Chapter 8. Global Lidocaine Market, By Distribution Channel

Chapter 9. Global Lidocaine Market, By Region

Chapter 10. Company Landscape

Chapter 11. Company Profiles

Chapter 13. Appendix

LIST OF TABLES

LIST OF FIGURES 

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