North America Lidocaine Market Size, Share & Trends Analysis Report By formulation (Injections, Creams, Ointments, Gel), By Application (Dentistry, Cardiac Arrhythmia, Epilepsy, Cosmetic Surgery, General Surgery), By Distribution Channel (Hospitals Outlets, Retail Pharmacies) and By Country(US, Canada) Forecasts, 2024-2032

Market Overview

Lidocaine is an aminoethyl amide produced from xylidine that delivers local anaesthetic. When compared to other anaesthetics like procaine, it has a longer-lasting, more widespread, and faster action. The number of surgical treatments conducted around the world is predicted to rise, including dental procedures, aesthetic surgery, and plastic surgeries. The rise in chronic and acute pain disorders around the world, as well as the numerous benefits connected with lidocaine hydrochloride, are some of the primary drivers driving market expansion. On the heels of an increment in the number of surgical procedures, a noteworthy trend in the market is a considerable increase in the need for postoperative pain management solutions. The demand for lidocaine hydrochloride is projected to continue to rise as a result of this trend. According to the study "Postoperative Pain Control," around 75% of individuals who have surgery endure acute postoperative pain, which is generally moderate to severe in severity, bolstering overall growth.

The North America Lidocaine Market size is expected to reach a valuation of USD 1340.34 million by 2030, growing at a rate of 9.20 % CAGR during the forecast period (2022–2030). The lidocaine market in North America has the biggest revenue share, and it is predicted to rise throughout the forecast period. Increased dental and other procedures, soaring demand for lidocaine formulations, expanding prevalence of dental problems, increased medical R&D initiatives, and mounting healthcare spending is all projected to drive growth.

Market Dynamics

North America Lidocaine Market Drivers

• The Lidocaine Market Will Be Boosted by Rising Dental Health Demand: Tobacco use, excessive sugar consumption, and unhealthy alcohol use are all factors that contribute to oral illnesses. Oral disorders afflict a significant population in the region, according to the World Health Organization. Furthermore, caries of primary teeth affect more than 530 million children, while caries of permanent teeth affect 2.3 billion people.
• Periodontal disorders, Oro-dental trauma, oral symptoms of HIV, and periodontal diseases account for the bulk of oral health issues. Oral diseases are a major cause of discomfort, agony, deformity, and even death in many nations in North America. The demand for lidocaine is expected to rise as the number of people who need dental care rises.
• Increment in Postherpetic Neuralgia: Lidocaine is used to treat postherpetic neuralgia in the elderly. Postherpetic neuralgia (PHN) is a common debilitating herpes zoster consequence that has a major impact on patient's quality of life. The utilization of tricyclic antidepressants (TCAs) and step 3 analgesics is reduced after treatment with a 5 percent lidocaine-medicated plaster. The advantages of lidocaine in older people are expected to boost demand and expand the North American

North America Lidocaine Market Restraints

• Associated Side Effects: Lidocaine can cause numbness in the mouth and throat, making it difficult to swallow and potentially cause choking. Enough can be taken into the bloodstream to harm important organs, particularly the brain and heart, if a large amount is consumed. From minor tiredness and headaches to confusion, seizures, coma, and cardiac arrest, the symptoms might be varied. A condition known as methemoglobinemia is another significant side effect of lidocaine. Lidocaine can affect red blood cell iron's ability to transport oxygen to tissues. Methemoglobinemia is a situation in which the blood contains an altered kind of iron. Methemoglobinemia can occur even with routine lidocaine usage, especially in youngsters, and these issues could stifle market expansion in the North American region.

North America Lidocaine Market Opportunities

• Increasing Geriatric Population: People are living longer in the region and around the world. Most people nowadays can expect to live well into their sixties and beyond. Every country in the world is seeing population growth, as well as an increase in the number of elderly people. By 2050, the population of adults aged 60 and up will have doubled (2.1 billion). Between 2020 and 2050, the number of people aged 80 and over is predicted to triple, resulting in an increment in the number of surgeries and treatments, providing attractive potential for Lidocaine's key participants in the North American market.

Regional Analysis

By 2030, the North America Lidocaine Market is estimated to be worth USD 1340.34 million, with a 9.20 percent compound annual growth rate (CAGR) over the forecast period (2022–2030). North America has the largest revenue share of the lidocaine market, which is expected to grow over the projected period. Greater dentistry and other operations, soaring demand for lidocaine formulations, rising prevalence of dental disorders, increased medical R&D initiatives, and rising healthcare spending are all expected to propel the industry forward. Furthermore, the federal government's initiatives for disease awareness, favourable reimbursement policies, an increase in demand for better patient care, technological advancements, well-established medical infrastructure, and an increase in the number of elderly people are all driving market growth in the North American region.

Greater medical operations, increased lidocaine use in dental treatments, rising periodontal disease, and increased dental transport executions all help to drive market expansion in the United States. The market is being driven by rising demand for sedatives in medical operations and the increased usage of lidocaine hydrochloride in dentistry treatments. Furthermore, the industry is being propelled forward by the rise of infrequent and severe agony-related disorders, as well as the various benefits linked with lidocaine ointment. The Lidocaine Ointment Market in the United States has the greatest share in the North American area.

The most significant growth occurred in the Canada Lidocaine Ointment Market during the period, owing to the most well-known reason for medical services offices in this region, which is ongoing and acute pain associated with dental systems, which makes it the primary cause of patient anxiety and thus contributes significantly to medical service pricing. The expanding use of lidocaine ointments in cosmetic and cutaneous operations such as soft tissue augmentation and laser surgeries, as well as the rising incidence of dental caries, periodontics, and oral cancer, are driving market expansion in Canada.

Segmental Analysis

The section is separated into injections, creams, ointments, gels, and others according on the formulation. Lidocaine hydrochloride is present in a variety of formulations, including a 2% viscous solution, a 2% gel, a 4% solution, and a 10% topical spray. Lidocaine base is available in solutions and ointments with concentrations of 5%, 2.5 percent, and 10%, as well as a 10% aerosol spray. Furthermore, during the projected period, the ointments category is expected to develop at the fastest rate. This is because lidocaine ointments are becoming more popular as cosmetic surgery products.

The segment is separated into dental, cardiac arrhythmia, epilepsy, cosmetic surgery, general surgery, and others, depending on the application. In 2020, the dentistry segment is expected to have the largest market share. Its dominance is due to the rising demand for injectable lidocaine hydrochloride solutions in dental surgical procedures. This, together with an increase in the number of dental disorders and chronic and acute pain connected with dental procedures, is likely to propel the market sector forward. According to the World Health Organization, roughly 3.5 billion people will be impacted by oral disorders by 2020.

The segment is classified into hospital outlets, retail pharmacies, and others based on distribution channels. In 2020, the hospital outlets segment will hold the greatest proportion of the region’s lidocaine market. This is mostly due to the availability of improved infrastructure and facilities, as well as an increase in the prevalence of dental, cosmetic, and general procedures, increased awareness of disease diagnosis and treatment, and an increase in the number of patients worldwide.

During the assessment period, the creation of hospital pharmacies in cardiology, neurology, and other disorders in established and emerging nations, as well as an increase in the number of hospitals and acceptable reimbursement scenarios, will boost market expansion.

Impact of covid-19

The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.

South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.

The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.

Recent Developments

• Prilocaine Cream USP and Lidocaine 5 percent/2.5 percent have been approved by the FDA, according to Teligent. The company's revenue is expected to rise as a result of the approval.