Local Anesthesia Drugs Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global local anesthesia drugs market is anticipated to grow at a CAGR during the forest period. Local anesthesia blocks the transmission of impulses in nerve fibres as well as reduces or eliminates sensation. As there has been an increase in the number of surgical operations performed across the globe which includes dental surgery, cosmetic surgery, and plastic surgery, the demand for local anesthesia drugs and product approvals have increased, which led to the market growth. A key trend observed in the market is a significant rise in demand for post-surgical operation pain relief options. This trend is likely to continue during the whole forecast period and increase the demand for local anesthesia drugs. Approximate 65% of the total surgical operation performed needs post-operative pain anesthesia. Major growth in the number of surgeries performed can be due to the age-old population, various muscle problems, respiratory ailments, spinal problems, and many more occur at old age. Also, advancements in drug delivery technologies are expected to contribute to the demand for local anaesthetics in surgical operations. For instance, DepoFoam technology uses a new method and is very efficient to deliver bupivacaine.

Several quick changes in response to COVID-19 had an immediate impact on local anesthesia drugs and their practices. The supply chain of the anesthesia workforce was slow due to the lockdown. The most challenging impacts were due to the cancelling or postponement of non-essential surgical operations, and this brought a direct negative effect on the financial part. This also brought a reduction in anesthesia practices and can also lead to workforce reduction for practices that specialize in these types of surgical operational procedures. Different anesthesia methods are required to reduce the use of medications that are used to support patients on ventilators for procedures that are still being performed. Once the pandemic is over, procedures that have been postponed will need to be rescheduled along with others which will lead to an increase in demand for the local anesthesia drugs market.

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Local Anesthesia Drugs Market Segmentation

By Drug Type

· Bupivacaine

· Lidocaine

· Benzocaine

· Prilocaine

· Chloroprocaine

· Others

By Mode of Administration

· Injectable

· Surface Anesthetic

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· Sagent Pharmaceutical

· Mylan Pharmaceuticals Pvt Ltd

· Teva Pharmaceuticals Industries

· GlaxoSmithKline

· AstraZeneca

· LGM Pharma LLC

· Pfizer Inc

· Boc Sciences

· Glenmark Pharmaceutical

· Hikma Pharmaceuticals plc

· Piramal Group

· Abbott Healthcare Pvt Ltd

· AbbVie Inc

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