SEATTLE, March 15, 2021, (MEDGADGET) — Global Benzocaine Market, by Purity (95%, 98%, and Others), By Indication (Skin Irritation, Wounds, Ulcers, Hemorrhoids, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 128.9 million in 2020 and is expected to exhibit a CAGR of 2.70 % over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
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The global benzocaine market is expected to witness significant growth, as key companies are focusing on product launches and product approvals. For instance, in 2016, Randob Labs, Ltd launched Fire Out, a new roll-on that provides instant pain relief from different types of insect stings. Fire out roll is a combination of benzocaine and methanol active pharmaceutical ingredients, which is used for relieving pain and itching caused due to fire ant stings, and other insects bites.
Moreover, rising prevalence of sexual disorders in men such as premature ejaculation are driving growth of the global benzocaine market, as benzocaine drugs are used for the treatment of premature ejaculation in males. According to the American Urological Association (AUA) report published in 2017, premature ejaculation is the most common form of male sexual dysfunction, affecting approximately one out of 3 males of age between 18 to 59 in the U.S.
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Global Benzocaine Market – Impact of Coronavirus (Covid-19)
- The COVID-19 pandemic has drastically affected each and every market across the globe and it is expected to affect the global benzocaine market as well
- The outbreak of COVID-19 pandemic has affected the import and export of active pharmaceutical ingredients. Therefore, governments of various countries are taking initiatives to promote local domestic pharmaceutical ingredient manufacture to reduce the country dependence on imports from various countries.
- For instance, according to Press Information Bureau (PIB) India, in September 2020, the Government of India formed an inter-ministerial committee to address the impact of COVID-19 on import and manufacturing of bulk pharmaceutical ingredients and initiated two new government schemes, Production Linked Incentive (PLI) scheme and scheme for Promotion of Bulk Drug Parks, granting benefits for domestic bulk manufacture of API and reducing the country’s dependency on import of active pharmaceutical ingredients during the COVID-19 outbreak.
Browse 33 Market Data Tables and 32 Figures spread through 175 Pages and in-depth TOC on “Global Benzocaine Market, by Purity (95%, 98%, and Others), By Indication (Skin Irritation, Wounds, Ulcers, Hemorrhoids, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the global benzocaine market press release, click the link below: https://www.coherentmarketinsights.com/press-release/benzocaine-market-3516
The market is expected to gain significant growth during the forecast period, as various key companies are focusing on research and development of benzocaine drugs due to its analgesic and antipyretic properties. For instance, in 2018, Janssen Pharmaceutica N.V. announced the completion of phase 3 trials on efficacy and safety of a Benzocaine Lozenge for the treatment of sore throat in adults.
Key Takeaways of the Global Benzocaine Market:
- The global benzocaine market is expected to exhibit a CAGR of 2.70 % over the forecast period, owing to increasing prevalence of sexual disorders in males and key companies focusing on product launches
- Among indication, the ulcers segment is estimated to hold a dominant position in the benzocaine market in 2020, owing to increasing prevalence of oral and esophageal ulcers in adults
- Key players operating in the global benzocaine market include TCI Chemicals (India) Pvt. Ltd, Merck KGaA, ACETO Corporation, Alfa Aesar, Penta International Corporation, abcr GmbH, Indofine Chemical Co Inc, Jinzhou Jiutai Pharmaceutical Co., Ltd, Changzhou Sunlight Pharmaceutical Raw Material Co., Ltd, Fengchen Group Co., Ltd, and Mahendra Chemicals.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Purity
- Market Snippet, By Indication
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Impact Analysis
- Market Opportunities
- Regulatory Scenario
- Recent Product Approval/ Launch
- Key Development
- PEST Analysis
- Epidemiology
- Mergers and Acquisitions
- Value Chain Analysis
- Market Dynamics
- Global Benzocaine Market, Impact of COVID-19 Pandemic
- Post COVID-19 Impact
- Demand and Supply Chain Analysis
- Government Initiative
- Global Benzocaine Market, By Purity, 2016-2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- 95%
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- 98%
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- 95%
- Introduction
- Global Benzocaine Market, By Indication, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Skin Irritation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Wounds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Ulcers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Hemorrhoids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Skin Irritation
- Introduction
- Global Benzocaine Market, By Region, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Region, 2017–2027
- North America
- Introduction
- Market Size and Forecast, By Purity , 2016–2027 (US$ Mn)
- Market Size and Forecast, By Indication, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Purity , 2016–2027 (US$ Mn)
- Market Size and Forecast, By Indication, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Purity , 2016–2027 (US$ Mn)
- Market Size and Forecast, By Indication, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Purity , 2016–2027 (US$ Mn)
- Market Size and Forecast, By Indication, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Purity , 2016–2027 (US$ Mn)
- Market Size and Forecast, By Indication, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Purity , 2016–2027 (US$ Mn)
- Market Size and Forecast, By Indication, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016–2027 (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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