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Global Local Anesthesia Drugs Market to reach USD 3.5 Billion by 2027.

Global Local Anesthesia Drugs Market Size study, by type (Bupivacaine, Lidocaine, Benzocaine, Ropivacaine, Prilocaine, Chloroprocaine, Others) by mode of administration (Injectable, Surface Anesthetic) and Regional Forecasts 2021-2027

Product Code: HLSDT-39683771
Publish Date: 17-07-2021
Page: 200

Global Local Anesthesia Drugs Market is valued at approximately USD 2.5 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.91% over the forecast period 2021-2027. Local Anesthesia Drugs prevent .pain during medical procedures by numbing a specific part of the body. Its effects are short termed, so healthcare temas and doctors mainly use it for minor outpatient procedures. The drugs are majorly used in certain kind of cases such as, ,if the procedure is minor and doses not require general or regional anethesia or ,the procedure is quite quick, and the person will not need to stay overnight else, there is no need for the muscles to be relaxed or the person to be unconscious. New approvals for Anesthetic Drugs are expected to fuel the Local Anesthesia Drugs market. For instance in March 2021, the US food and Drug application (sNDA) submitted by Pacira BioSciences Inc. for the expanded use of its Exparel (Bupivacaine Loposome Injectable Suspensio) in pediatric patients. However, Bupicvacaine is widely used as local anesthesia due to its efficiency in numbing certain organs. Hence, the rising number of surgeries leads to the high demand for local anaesthesia drugs, and it is expected to propel the growth of the market. Moreover, rising number of surgeries and growing use of local anesthetic in post-operative pain is expected to give a boost to local anesthesia drugs market. Moreover, several key players are taking strategic initiatives to expand their presence in the market for instance,
• In March 2021, Luye Pharma group collected approval for clinical trials by the centre for Drug evaluation Of China’s National Medical Products Administration for its LY09606, the first Ropivacaine multivesicular liposome formulation local anesthetic to be used as a postoperative analgesic.
• In December 2020, Hikma Pharmaceuticals PLC launched Ropivacaine HCI injection USP 40mg/20m. Ropivacaine HCI Injection USP is ised for the production of local or regional anesthesia for surgery and acute pain management.

However, side effects of anesthetic drugs and regulatory framework may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Local Anesthesia Drugs Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW).
North America currently leads the local anesthesia drugs market and is expected to continue its stronghold in the market. The market is mainly driven by factors such as the increasing number of surgeries, the rising aging population with increasing chronic conditions and advancements in anesthesia technologies. As per the Canadian Institute for Health Information (CIHI), around 104,349 Caesarean section deliveries , 70,215 Knee replacements surgeries were performed in the country during 2017-2018. These statistics indicate that the demand for local anesthesia is expected to be high in the near future .

Major market player included in this report are:
Baxter International Inc.
Fresenius SE & Co. KGaA
Glenmark Pharmaceutical Inc.
Mylan N.V.
Pacira Pharmaceuticals, Inc.
Pfizer Inc.
Teva Pharmaceutical Industries Ltd.
Hikma Pharmaceuticals PLC
Luye Pharma Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type :
By Mode of Administration :
Surface Anesthetic
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018,2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Local Anesthesia Drugs Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Local Anesthesia Drugs Market, by Region, 2019-2027 (USD Billion)
1.2.2. Local Anesthesia Drugs Market, by Type, 2019-2027 (USD Billion
1.2.3. Local Anesthesia Drugs Market, by Mode of administration , 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Local Anesthesia Drugs Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Local Anesthesia Drugs Market Dynamics
3.1. Local Anesthesia Drugs Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Rising number of surgeries New approval approvals for anesthetic drugs
3.1.2. Market Restraint Side effects Regulatory framework
3.1.3. Market Opportunities Growing use in post-operative pain
Chapter 4. Global Local Anesthesia Drugs Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Local Anesthesia Drugs Market, by Type
5.1. Market Snapshot
5.2. Global Local Anesthesia Drugs Market by Type, Performance – Potential Analysis
5.3. Global Local Anesthesia Drugs Market Estimates & Forecasts by type 2018-2027 (USD Billion)
5.4. Local Anesthesia Drugs Market, Sub Segment Analysis
5.4.1. Bupivacaine
5.4.2. Lidocaine
5.4.3. Benzocaine
5.4.4. Ropivacaine
5.4.5. Prilocaine
5.4.6. Chloroprocaine
5.4.7. Others

Chapter 6. Global Local Anesthesia Drugs Market, By Mode of Administration

6.1. Market Snapshot
6.2. Global Local Anesthesia Drugs Market by Mode of Administration, Performance – Potential Analysis
6.3. Global Local Anesthesia Drugs Market Estimates & Forecasts by Mode of Administration 2018-2027 (USD Billion)
6.4. Local Anesthesia Drugs Market, Sub Segment Analysis
6.4.1. Injectable
6.4.2. Surface Anesthetic

Chapter 7. Global Local Anesthesia Drugs Market, Regional Analysis
7.1. Local Anesthesia Drugs Market , Regional Market Snapshot
7.2. North America Local Anesthesia Drugs Market
7.2.1. U.S. Local Anesthesia Drugs Market Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 End use breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Local Anesthesia Drugs Market
7.3. Europe Local Anesthesia Drugs Market Snapshot
7.3.1. U.K. Local Anesthesia Drugs Market
7.3.2. Germany Local Anesthesia Drugs Market
7.3.3. France Local Anesthesia Drugs Market
7.3.4. Spain Local Anesthesia Drugs Market
7.3.5. Italy Local Anesthesia Drugs Market
7.3.6. Rest of Europe Local Anesthesia Drugs Market
7.4. Asia-Pacific Local Anesthesia Drugs Market Snapshot
7.4.1. China Local Anesthesia Drugs Market
7.4.2. India Local Anesthesia Drugs Market
7.4.3. Japan Local Anesthesia Drugs Market
7.4.4. Australia Local Anesthesia Drugs Market
7.4.5. South Korea Local Anesthesia Drugs Market
7.4.6. Rest of Asia Pacific Local Anesthesia Drugs Market
7.5. Latin America Local Anesthesia Drugs Market Snapshot
7.5.1. Brazil Local Anesthesia Drugs Market
7.5.2. Mexico Local Anesthesia Drugs Market
7.6. Rest of The World Local Anesthesia Drugs Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Baxter International Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments

8.2.2. Fresenius SE & Co. KGaA
8.2.3. Glenmark Pharmaceutical Inc.
8.2.4. Mylan N.V.
8.2.5. Pacira Pharmaceuticals, Inc.
8.2.6. Pfizer Inc.
8.2.7. Septodont
8.2.8. Teva Pharmaceutical Industries Ltd.
8.2.9. Hikma Pharmaceuticals PLC
8.2.10. Luye Pharma Group.
Chapter 9. Research Application
9.1. Research Application
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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