Research Nester published a report titled “Lidocaine Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global lidocaine market in terms of market segmentation by formulation, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global lidocaine market is estimated to occupy a sizeable revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2030, owing to the escalating prevalence of periodontal disorders across the world, and rising number of surgeries. Apart from these, increasing healthcare expenditure and growing geriatric population are also expected to drive market growth in the coming years.
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The market is segmented by formulation and application. Based on formulation, the ointments segment is anticipated to grab the largest market share during the forecast period in view of the surge in usage of lidocaine ointments in cosmetic and cutaneous procedures. Additionally, by application, the dentistry segment is projected to gather the largest share over the forecast period ascribing to the high use of lidocaine hydrochloride injectable in various surgical dental procedures.
Geographically, the global lidocaine market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the extensive demand for lidocaine formulations in the region. Moreover, the market in Asia Pacific is assessed to witness the fastest growth in the future owing to the growing number of dental and cosmetic procedures in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Prevalence of Periodontal Diseases Worldwide to Drive Market Growth
As a result of sedentary lifestyle, many adults along with young children have become highly prone to periodontal diseases. Poor oral hygiene and changes in eating habits are also considered to be the cause of the surge of these diseases globally, which in turn is assessed to boost the growth of the market in the near future.
However, strict regulatory framework associated with medical approval in various countries is expected to operate as key restraint to the growth of the global lidocaine market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global lidocaine market which includes company profiling of Pfizer, Inc., Hisamitsu Pharmaceutical Co., Inc., Jiangsu Tianji Pharmaceutical Co. Ltd., Teikoku Pharma USA, Inc., Sorrento Therapeutics, Inc, Olympus Corporation, Endo Pharmaceutical Inc., Fujifilm Holdings Corporation, Actavis Labs UT Inc., Dun & Bradstreet, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global lidocaine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
