Local Anesthesia Market
Local Anesthesia Market Forecasts to 2030 - Global Analysis By Type (Formulations, Delivery Methods and Other Types), Route of Administration (Infiltration, Epidural, Intravesical (Bladder) Route, Intranasal Route, Intra-Articular (IA) Route, Intra-Osseous Route, Transdermal Route, Peripheral and Other Route of Administrations), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $3.0 BN |
|
Projected Year Value (2030) |
US $5.3 BN |
|
CAGR (2023 - 2030) |
8.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Local Anesthesia Market is accounted for $3.0 billion in 2023 and is expected to reach $5.3 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Local anesthesia is a medical treatment used to temporarily numb a specific area of the body to eliminate discomfort. It entails injecting anesthetics, such as lidocaine or novocaine, directly into the affected area to block nerve signals and stop pain perception. When receiving dental work, skin surgery, or joint injections, patients can stay awake and conscious, unlike with general anesthesia, which causes unconsciousness.
According to the American Society of Plastic Surgeons, in 2020, 2.3 million cosmetic surgical procedures, 13.2 million cosmetic minimally invasive procedures, and 6.8 million reconstructive procedures were performed in the United States 2020, representing a 3% increase over 2019.
Market Dynamics:
Driver:
Rising surgical procedures
Local anesthetics are becoming more and more used in a variety of surgical procedures because they can relieve specific discomfort without knocking patients out. Effective pain management is necessary due to the growing need for surgical procedures in a number of medical specialties, such as orthopaedics, dentistry, and dermatology. Additionally, the increasing prevalence of outpatient treatments and surgical improvements is driving up demand for local anesthetics.
Restraint:
Lack of skilled workforce
Local anesthesia plays a vital role in various medical procedures, administering local anesthetics requires specialized knowledge and training. However, there is a shortage of skilled professionals, such as anaesthesiologists or nurse anesthetists, who possess the necessary expertise in administering local anesthesia safely and effectively. This scarcity limits the availability of local anesthesia services, leading to delays in procedures or inadequate pain management for patients which significantly hamper market expansion.
Opportunity:
Technological developments
The development of automated systems for anesthesia delivery and monitoring helps in maintaining precise control over drug administration, improving patient safety, and reducing the workload on healthcare providers. Technological developments like pharmacogenomics, nanotechnology and automated anesthesia techniques are increasingly being employed for various surgical procedures. Furthermore, as the industry adopts innovative solutions, not only enhances the efficacy of local anesthetics but also propels market expansion.
Threat:
Risks associated with side effects and allergic reactions
The local anesthetics may develop allergy, which could result adverse reactions in sensitive individuals. This can include symptoms such as difficulty breathing, swelling of the face or throat, and a drop in blood pressure. In rare cases, local anesthesia may cause temporary or, very rarely, permanent nerve damage causing tingling and numbness. Furthermore, these side effects and allergic reactions can raise the anxiety of patients and healthcare providers, which may impact the demand for and uptake of local anesthetics.
Covid-19 Impact
The COVID-19 pandemic had a detrimental effect on the local anesthesia market as it caused delays in surgeries, disruptions in elective treatments, and a change in healthcare priorities. The need for local anesthetics was impacted by a sharp decline in non-urgent medical interventions brought on by lockdowns and safety concerns. Additional factors contributing to a slowdown included changing patient preferences, limited healthcare resources, and uncertain economic conditions which gradually hamper the market size.
The formulations segment is expected to be the largest during the forecast period
The formulations segment is estimated to hold the largest share, due to the development of prolonged-release or extended-release formulations including topical, injectables, and transdermal patches. The goal of ongoing research and formulation innovation is to prolong anesthesia, lessen side effects, and enhance the overall patient experience. Therefore, the growing number of medical and dental operations performed worldwide is driving the need for a variety of efficient local anesthetic formulations.
The epidural segment is expected to have the highest CAGR during the forecast period
The epidural segment is anticipated to have lucrative growth during the forecast period. This approach is frequently employed to relieve discomfort during labor, surgery, and other medical operations. Continuous developments in catheter design, imaging techniques, and drug formulations contribute to the refinement of epidural anesthesia. The goal of ongoing developments is to make epidural anesthetic techniques safer and more accurate. Thus, these factors significantly drive market expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to cutting-edge advancements in anesthetic delivery systems, formulations, and administration methods in nations like China, India, and Japan. Computer-assisted anesthetic delivery and ultrasound-guided surgeries are some of the examples included, which provide accuracy, safety, and patient comfort. Therefore, an increasing number of medical facilities and highly qualified healthcare workers, coupled with the region's dedication to implementing cutting-edge medical technologies which propels market expansion.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period, owing to advanced healthcare infrastructure and a well-established medical system. Technological advancements, including sophisticated anesthesia delivery systems and monitoring devices, characterize the region's commitment to cutting-edge healthcare practices. Additionally, the region's regulatory landscape, governed by stringent standards set by entities like the U.S. FDA and Health Canada, ensures high-quality and safe practices which are boosting market expansion.
Key players in the market
Some of the key players in the Local Anesthesia Market include 3M, Pfizer Inc., Mylan, Molteno, B. Braun Melsungen AG, Septodont, AstraZeneca, Fresenius SE & Co. KGaA , Hikma Pharmaceuticals, Dentsply Sirona, Teva Pharmaceutical Industries and Piramal Enterprises.
Key Developments:
In August 2023, 3M announced it has completed the sale of certain assets from its dental local anesthetic portfolio, based in Seefeld, Germany, to Pierrel S.p.A.
In July 2023, Flagship Pioneering, Inc. and Pfizer Inc. announced the companies have partnered to create a new pipeline of innovative medicines.
In July 2023, 3M Health Information Systems (HIS) announced that U.S. News & World Report will incorporate the 3M™ Ambulatory Potentially Preventable Complications software.
Types Covered:
• Formulations
• Delivery Methods
• Other Types
Route of Administrations Covered:
• Infiltration
• Epidural
• Intravesical (Bladder) Route
• Intranasal Route
• Intra-Articular (IA) Route
• Intra-Osseous Route
• Transdermal Route
• Peripheral
• Other Route of Administrations
End Users Covered:
• Dental Clinics
• Ambulatory Surgical Centers
• Hospitals and Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Local Anesthesia Market, By Type
5.1 Introduction
5.2 Formulations
5.2.1 Injectable Solutions
5.2.2 Topical Creams and Ointments
5.2.3 Sprays
5.2.4 Patches
5.2.5 Drops and Gels
5.3 Delivery Methods
5.3.1 Inhalation
5.3.2 Injections
5.3.3 Intravenous (IV) Regional Anesthesia
5.3.4 Oral Lozenges and Gargles
5.4 Other Types
6 Global Local Anesthesia Market, By Route of Administration
6.1 Introduction
6.2 Infiltration
6.3 Epidural
6.4 Intravesical (Bladder) Route
6.5 Intranasal Route
6.6 Intra-Articular (IA) Route
6.7 Intra-Osseous Route
6.8 Transdermal Route
6.8.1 Eutectic Patches
6.8.2 Iontophoresis
6.8.3 Magnetophoresis
6.9 Peripheral
6.10 Other Route of Administrations
7 Global Local Anesthesia Market, By End User
7.1 Introduction
7.2 Dental Clinics
7.3 Ambulatory Surgical Centers
7.4 Hospitals and Clinics
7.4 Other End Users
8 Global Local Anesthesia Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 3M
10.2 Pfizer Inc.
10.3 Mylan
10.4 Molteno
10.5 B. Braun Melsungen AG
10.6 Septodont
10.7 AstraZeneca
10.8 Fresenius SE & Co. KGaA
10.9 Hikma Pharmaceuticals
10.10 Dentsply Sirona
10.11 Teva Pharmaceutical Industries
10.12 Piramal Enterprises
List of Tables
1 Global Local Anesthesia Market Outlook, By Region (2021-2030) ($MN)
2 Global Local Anesthesia Market Outlook, By Type (2021-2030) ($MN)
3 Global Local Anesthesia Market Outlook, By Formulations (2021-2030) ($MN)
4 Global Local Anesthesia Market Outlook, By Injectable Solutions (2021-2030) ($MN)
5 Global Local Anesthesia Market Outlook, By Topical Creams and Ointments (2021-2030) ($MN)
6 Global Local Anesthesia Market Outlook, By Sprays (2021-2030) ($MN)
7 Global Local Anesthesia Market Outlook, By Patches (2021-2030) ($MN)
8 Global Local Anesthesia Market Outlook, By Drops and Gels (2021-2030) ($MN)
9 Global Local Anesthesia Market Outlook, By Delivery Methods (2021-2030) ($MN)
10 Global Local Anesthesia Market Outlook, By Inhalation (2021-2030) ($MN)
11 Global Local Anesthesia Market Outlook, By Injections (2021-2030) ($MN)
12 Global Local Anesthesia Market Outlook, By Intravenous (IV) Regional Anesthesia (2021-2030) ($MN)
13 Global Local Anesthesia Market Outlook, By Oral Lozenges and Gargles (2021-2030) ($MN)
14 Global Local Anesthesia Market Outlook, By Other Types (2021-2030) ($MN)
15 Global Local Anesthesia Market Outlook, By Route of Administration (2021-2030) ($MN)
16 Global Local Anesthesia Market Outlook, By Infiltration (2021-2030) ($MN)
17 Global Local Anesthesia Market Outlook, By Epidural (2021-2030) ($MN)
18 Global Local Anesthesia Market Outlook, By Intravesical (Bladder) Route (2021-2030) ($MN)
19 Global Local Anesthesia Market Outlook, By Intranasal Route (2021-2030) ($MN)
20 Global Local Anesthesia Market Outlook, By Intra-Articular (IA) Route (2021-2030) ($MN)
21 Global Local Anesthesia Market Outlook, By Intra-Osseous Route (2021-2030) ($MN)
22 Global Local Anesthesia Market Outlook, By Transdermal Route (2021-2030) ($MN)
23 Global Local Anesthesia Market Outlook, By Eutectic Patches (2021-2030) ($MN)
24 Global Local Anesthesia Market Outlook, By Iontophoresis (2021-2030) ($MN)
25 Global Local Anesthesia Market Outlook, By Magnetophoresis (2021-2030) ($MN)
26 Global Local Anesthesia Market Outlook, By Peripheral (2021-2030) ($MN)
27 Global Local Anesthesia Market Outlook, By Other Route of Administrations (2021-2030) ($MN)
28 Global Local Anesthesia Market Outlook, By End User (2021-2030) ($MN)
29 Global Local Anesthesia Market Outlook, By Dental Clinics (2021-2030) ($MN)
30 Global Local Anesthesia Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
31 Global Local Anesthesia Market Outlook, By Hospitals and Clinics (2021-2030) ($MN)
32 Global Local Anesthesia Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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