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977297

Global Local Anesthesia Drugs Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Local Anesthesia Drugs Market - 2021-2028
Published: July 15, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Table of Contents
Description

Market Overview

The global local anesthesia drugs market size was valued US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Local anesthesia is the temporary loss of sensation in a particular body part, or a localized areas. Local anesthesia drugs are given in order to treat the painful situations for the elimination of pain while performing any major or some minor surgeries, or also to eliminate pain post-surgery.

Market Dynamics

The surge in cases drives the global-local anesthesia drugs market growth to perform surgeries and improve drug delivery. Computer-based local anesthetic delivery and vibrotactile devices are estimated to boost the global-local anesthesia drugs market's forecast period.

The increase in the number of surgeries is expected to drive growth in the forecast period

Anesthesia is one of the essential components of any surgical procedure. It induces temporary unconsciousness and loss of protective reflexes. According to the Centers for Disease Control and Prevention (CDC), more than 51 million inpatient surgeries and 53 million outpatient surgeries were performed in the United States in 2017. Cardiology, surgical, and obstetrical procedures were the most common ones. In Europe, many surgeries are being performed for cases of cataracts, tonsillectomy, colonoscopy, cesarean sections, and hip replacements. Besides, several procedures, such as cochlear implantation, laparoscopic colectomy, laparoscopic hysterectomy, secondary hip replacement, and knee replacement, have become more frequent in recent years. Hence, the overall increase in the number of surgeries performed has a strong impact on the anesthetic drug market. These drugs are used in all surgical procedures to reduce pain during surgery.

Rising prevalence of cardiovascular and respiratory system-related diseases expected to drive the market growth

Factors such as the rapid rise in the aging population, rising prevalence of cardiovascular and respiratory system-related diseases are key factors driving the market's growth. The state allows surgical operations and other medical processes to be carried out on patients without causing them undue distress or discomfort. Surgical operations of the eyes are performed using a wide variety of anesthetic techniques. Advancements in drug delivery technologies are also expected to contribute to the demand for local anesthetics in surgical procedures. For instance, DepoFoam technology uses a new method to deliver bupivacaine and is very efficient in managing post-operative pain. The market growth for local anesthesia drugs is also fueled by introducing new and effective drugs such as articaine, levobupivacaine, and ropivacaine. This growth is supplemented by increasing healthcare expenditure in developing countries such as India, China, and Brazil, where the number of surgeries performed has been on a steady rise. These factors are driving the growth of the market in the forecast period.

The major side effects of drugs are likely to hinder the market growth.

However, some major side effects of drugs, such as cardiovascular toxicity, CNS toxicity, and respiratory depression, are among the significant factors that pull back the market to achieve its full potential in the global-local anesthesia drugs market.

COVID-19 Impact Analysis

Several quick changes in response to COVID-19 have had an immediate impact on local anesthesia drugs and their practices. While some of the disruptions are temporary, others will persist over the longer term. Economic shocks are already evident for the supply chain and anesthesia workforce, and some temporary shocks may return with anticipated future waves of COVID-19. The first and most challenging impacts are due to the canceling or postponement of non-essential surgical procedures. This reduction has a direct negative financial impact on anesthesiology practices and can lead to workforce reductions for practices that specialize in these types of procedures. Different anesthesia methods may be required to reduce medications use to support patients on ventilators for procedures that are still being performed. Nerve blocks and local anesthesia are other options that can be considered. Another disruption is the surging demand for non-essential procedures that have been delayed by the pandemic. Once the pandemic wanes, procedures that have been postponed will need to be rescheduled along with others. This will lead to an increased demand for the local anesthesia drugs market.

Segment Analysis

The bupivacaine segment is expected to grow at the fastest CAGR during the forecast period (2021-2028)

Bupivacaine is a local anesthetic drug that has been used in various surgical procedures. This is helpful in blocking the nerve impulses that send pain signals to the brain. As per the Royal College of Surgeons, in England (U.K), there were around 4.7 million surgical admissions in 2013/14. There has been a 27% increase in the number of admissions for surgical procedures between 2003-2004 and 2013-14. The most common surgical procedures are hernia repairs, hip replacement, knee replacement, gall bladder removal, and tonsillectomies.

Bupivacaine is widely used as local anesthesia, due to its efficacy in numbing certain organ. Hence, the rising number of surgeries leads to high demand for local anesthesia drugs and is expected to propel the growth of the market.

The hospital pharmacy is expected to dominate the Local Anesthesia drugs market during the forecast period.

The hospital pharmacies held the largest share in the local anesthesia drugs market. This is mainly due to the increasing number of patients suffering from conditions treated in hospitals equipped with advanced infrastructure and adequate facilities. Moreover, the growing number of hospitals and adequate reimbursement policies are also contributing to the growth of this segment.

Geographical Analysis

North America region holds the largest market share global local anesthesia drugs market

North America region is dominating the global-local anesthesia drugs market accounted for the largest market share in 2020. The US anesthesia market is the largest regional market in the world. The market is mainly driven by factors, such as the increasing number of surgeries, rising aging population with increasing chronic conditions, and advancements in anesthesia technologies. Due to the rising scope of local anesthesia in the market, key players are making efforts to develop novel and innovative drugs, thus fueling the market growth in the region

Competitive Landscape

The local anesthesia drugs market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Fresenius Kabi USA, LLC, Pfizer Inc., Advanced Pharma, Inc., Akorn, Inc. Teva Pharmaceutical Industries Ltd., Akorn, Inc., Glenmark Pharmaceuticals, Inc., Baxter international, Inc., and Novartis AG., among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the local anesthesia drugs market globally.

Local Anesthesia Drugs Market Key Companies to Watch

Pfizer Inc.

Overview: Pfizer Inc. (Pfizer), incorporated on June 2, 1942, is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products. Its global portfolio includes medicines and vaccines. The Company manages its commercial operations through two business segments: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). IH focuses on developing and commercializing medicines and vaccines that improve patients' lives. IH therapeutic areas include internal medicine, vaccines, oncology, inflammation and immunology and rare diseases. EH includes legacy brands, branded generics, generic sterile injectable products, biosimilars and infusion systems. EH also includes a research and development (R&D) organization, as well as its contract manufacturing business. The Company sold its products in over 125 countries.

Product Portfolio: The Company's portfolio comprised of include internal medicine, vaccines, oncology, inflammation and immunology and rare diseases and others.

Why Purchase the Report?

  • Visualize the composition of the local anesthesia drugs market segmentation by drug class, route of administration, distribution channel, and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in local anesthesia drugs market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of local anesthesia drugs market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global local anesthesia drugs market report would provide an access to an approx. 61 market data table, 58 figures and 240 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Global Local Anesthesia Drugs Market - By Drug Class

  • Bupivacaine
  • Lidocaine
  • Benzocaine
  • Ropivacaine
  • Prilocaine
  • Chloroprocaine
  • Others

Global Local Anesthesia Drugs Market - By Route of Administration

  • Injectable
  • Surface Anesthetic

Global Oral Contraceptive Pills Market - By Distribution Channel

  • Hospital Pharmacy
  • Pharmacy Stores
  • Other

Global Oral Contraceptive Pills Market - By Region

  • North America
  • South America
  • Europe
  • Asia
  • Middle East & Africa
Table of Contents
Product Code: DMPH2900

Table of Contents

1. Global Local Anesthesia Drugs Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Local Anesthesia Drugs Market - Market Definition and Overview

3. Global Local Anesthesia Drugs Market - Executive Summary

  • 3.1. Market Snippet by Drug Class
  • 3.2. Market snippet by Route of Administration
  • 3.3. Market Snippet by Distribution Channel
  • 3.4. Market Snippet by Region

4. Global Local Anesthesia Drugs Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising number of surgeries will drive the market growth
      • 4.1.1.2. New approval of anesthetic drugs will drive the market growth
    • 4.1.2. Restraints:
      • 4.1.2.1. Side effects associated with the drugs will hamper the market growth
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Local Anesthesia Drugs Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. Reimbursement Analysis
  • 5.6. Unmet Needs

6. Global Local Anesthesia Drugs Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Local Anesthesia Drugs Market - By Drug Class

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class Segment
    • 7.1.2. Market Attractiveness Index, By Drug Class Segment
  • 7.2. Bupivacaine*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 7.3. Lidocaine
  • 7.4. Benzocaine
  • 7.5. Ropivacaine
  • 7.6. Prilocaine
  • 7.7. Chloroprocaine
  • 7.8. Others

8. Global Local Anesthesia Drugs Market - By Route of Administration

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 8.1.2. Market Attractiveness Index, By Route of Administration
  • 8.2. Injectable*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 8.3. Surface Anesthetic

9. Global Local Anesthesia Drugs Market - By Distribution Channel

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel Segment
    • 9.1.2. Market Attractiveness Index, By Distribution Channel Segment
  • 9.2. Hospital Pharmacy *
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 9.3. Pharmacy Stores
    • 9.3.1. Other

10. Global Local Anesthesia Drugs Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.3.6.
    • 10.3.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.3.7.1. Germany
      • 10.3.7.2. U.K.
      • 10.3.7.3. France
      • 10.3.7.4. Italy
      • 10.3.7.5. Spain
      • 10.3.7.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Drug Class
    • 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Route of Administration
    • 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel

11. Global Local Anesthesia Drugs Market - Competitive Landscape

  • 11.1. Key Developments and Strategies
  • 11.2. Company Share Analysis
  • 11.3. Product Benchmarking
  • 11.4. List of key companies to watch
  • 11.5. List of the company with disruptive technology
  • 11.6. List of start-up companies

12. Global Local Anesthesia Drugs Market- Company Profiles

  • 12.1. Fresenius Kabi USA, LLC*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Novartis International AG.
  • 12.3. Pfizer Inc.
  • 12.4. Advanced Pharma, Inc.
  • 12.5. Akorn, Inc.
  • 12.6. Teva Pharmaceutical Industries Ltd.,
  • 12.7. Akorn, Inc.
  • 12.8. Glenmark Pharmaceuticals, Inc.
  • 12.9. Baxter international, Inc.
  • 12.10. Sandoz Inc.

LIST NOT EXHAUSTIVE

13. Global Local Anesthesia Drugs Market - DataM

  • 13.1. Appendix
  • 13.2. About Us and Services
  • 13.3. Contact Us