By 2027, the global lidocaine market is expected to reach USD 2,596.50 million. The rising prevalence of periodontal diseases, increasing use of lidocaine in dental procedures, rising minimally invasive surgical techniques, increasing adoption of preventive healthcare solutions, increasing demand for cosmetic procedures, growing health awareness, and the expanding use of the product as an anti-itching, pain relief drug to treat minor cuts, skin scrapes, burns, and insect bites have all boosted the demand for lidocaine.
It is used as a medication to numb a specific body area to minimize pain and discomfort caused by operations or other invasive medical procedures in medical practice. For anesthetic, both injectable and topical forms can be employed.
Dermatologists utilize topical anesthetics to reduce pain associated with several cutaneous operations, such as soft tissue augmentation, laser surgery, and other cosmetic/corrective medical-surgical treatments. As a result, cosmetic surgeries are driving the demand for market products.
Lidocaine hydrochloride injectable solution is being used increasingly in dental surgical treatments. This, together with an increase in the number of dental disorders and chronic and acute pain related to dental procedures, is likely to propel the market further.
According to the World Health Organization, roughly 3.5 billion people were impacted by oral disorders in 2020. Furthermore, 2.3 billion people are predicted to have incurable dental decay. Thus, expanding the interest of lidocaine in various surgical operations supports the market development.
Based on formulation, the global lidocaine market is segmented into injections, creams, ointments, gels, aerosol liquids, etc.
When used for a nerve block or local anesthesia, lidocaine begins to work within minutes and lasts for around half an hour to three hours. As a result, lidocaine has an advantage over other slow-acting anesthetics on the market.
A 2% solution with 1:100,000 epinephrine is the most optimal administration for regular dental use. However, the drug is also available as a simple solution or in multidose vials with 1:50,000 epinephrine. Although its 2% with vasoconstrictor provides adequate dental anesthesia in most circumstances, it has occasionally failed to relieve pain from extremely sensitive teeth.
Lidocaine hydrochloride is available in many different forms, including a 2% viscous solution, a 2% gel, a 4% solution, and a 10% topical spray. Lidocaine base comes as a 5%, 2.5%, and 10% solution and ointment, as well as a 10% aerosol spray. A mucosal patch with 46.1 mg of lidocaine is also available, approximately 2 cm long by 1 cm wide.
In addition, during the projected period, the ointments section is expected to expand the most. This is because lidocaine ointments are becoming increasingly popular as cosmetic surgery products.
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The pandemic of COVID-19 is expected to increase the demand for lidocaine. Due to the market's research and development, demand is expected to rise.
In January 2021, for example, a study was conducted to investigate the impact of intravenous lidocaine on clinical outcomes of patients with Acute Respiratory Distress Syndrome ARDS during the COVID-19 pandemic, according to an article published by the United States National Library of Medicine. The goal of the study was to see how intravenous lidocaine affected inflammation and gas exchange in patients with acute respiratory distress syndrome (ARDS) caused by COVID-19 pneumonia or not. As a result, the demand for lidocaine rises, propelling the market forward.
The growing infection rate has affected various businesses, individuals, governments, and preventive measures. This significantly affected financial markets, broader economies, and the overall demand for market products.
The global market has been segregated into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The market is classified into regional segments for enabling a deeper analysis of the market from a region-specific perspective.
In 2020, the Americas had the highest share of the worldwide market and were the leading revenue generator. It's due to the rise in the number of cosmetic and dental surgical procedures and growth in epilepsy cases. For instance, as per the Epilepsy Foundation, the average incidence of epilepsy is predicted to be 150,000 or 48 for every 100,000 people each year in the US. Further, it added that 2.2 million people, or 7.1 for every 1,000 people, is an estimated range of people living with epilepsy using prevalence numbers.
Asia-Pacific is predicted to develop at the fastest rate in the global lidocaine market. It's because of the growing elderly population, rising number of general surgeries, expanding government activities, and increasing healthcare expenditure and growth in plastic and cosmetic surgeries.
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