Local Anesthesia Drugs Market Size Trends: Industry Share, Growth and Forecast 2022-2027

The latest research study "Local Anesthesia Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global local anesthesia drugs market size reached US$ 2.77 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.62 Billion by 2027 exhibiting a growth rate (CAGR) of 4.30% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Local anesthesia drugs refer to chemical compounds producing anesthesia by impeding the excitation of nerve endings or intercepting conduction in peripheral nerves. They are typically available as topical creams or administered through injections or sprays during biopsies, dental care, minor surgeries, labor and delivery, obstetrical procedures, etc.
Local anesthesia drugs treat painful conditions, such as sore throat and mouth ulcers, and relieve itching caused by minor burns, cuts, scratches, insect bites, and poison ivy. They also assist in effective and rapid pain relief during esophagitis, hiatus hernia, gastritis, and heartburn of peptic ulcer.

Local Anesthesia Drugs Market Trends and Drivers:

The escalating prevalence of cardiovascular, respiratory, and other chronic diseases that need several procedures, including laparoscopic colectomy, laparoscopic hysterectomy, cochlear implantation, secondary hip replacement, and knee replacement, is primarily driving the local anesthesia drugs market.

Besides this, the growing geriatric population undergoing surgical interventions requiring post-operative pain relief is further augmenting the market growth. Moreover, the rising number of dental surgeries and the introduction of novel and effective medicines, such as articaine, levobupivacaine, and ropivacaine, are also catalyzing the global market.

Apart from this, the elevating demand for minimally invasive (MI) cosmetic surgical procedures, including botulinum toxin and facial filler injections, owing to the increasing consciousness about physical appearance among individuals, is acting as another significant growth-inducing factor. Furthermore, the development in healthcare infrastructure and the expanding medical tourism activities are expected to bolster the local anesthesia drugs market in the coming years.
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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Drug Type:
• Lidocaine
• Bupivacaine
• Benzocaine
• Ropivacaine
• Prilocaine
• Chloroprocaine
• Others

Breakup by Mode of Administration:
• Injectables
• Surface Anesthetic

Breakup by Distribution Channel:
• Hospital Pharmacy
• Pharmacy Stores
• Others

By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

List of Major Key Players:

The major players in the market are Aspen Pharmacare Holdings Limited, B. Braun Melsungen AG, Baxter International Inc., Endo International plc, Fresenius SE & Co. KGaA, Hikma Pharmaceuticals plc, Pacira Biosciences Inc., Pfizer Inc., Pierrel S.p.A. and Septodont.

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