Benzocaine Market turns its focus towards the next wave of big opportunities with the ongoing COVID-19 prevalence and wider acceptance across various sectors
Overview
Benzocaine is an ester local anesthetic. It is often used as a topical pain reliever. This is why it is found in cough drops like Orajel. It is also a common ingredient in many over-the-counter anesthetic ointments and products for oral ulcers. In addition to its medicinal use, benzocaine can also have a negative impact on the skin. Benzocaine is relatively non-toxic when used topically. It can cause anemia, a condition characterized by low hemoglobin levels. Therefore, it’s important to monitor the patient’s hematocrit during medical procedures. Although this condition is uncommon, it can result in unreliable readings on standard two-wavelength pulse oximeters. For safety reasons, benzocaine is typically diluted into single sprays.
Competitive Landscape
Major companies contributing to the global benzocaine market include Indofine Chemical Co., Ltd., Penta International Corporation, Alfa Aesar, Merck KGaA, Fengchen Group Co., Ltd, TCI Chemicals (India) Pvt. Ltd., Mahendra Chemicals, ACETO Corporation, Changzhou Sunlight Pharmaceutical Raw Material Co., Ltd, abcr GmbH, and Jinzhou Jiutai Pharmaceutical Co., Ltd.
𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) @ https://www.coherentmarketinsights.com/insight/request-pdf/4249
Drivers
Increasing adoption of benzocaine drugs to improve oxygen carrying capacity in patients suffering from methemoglobinemia and hemolysis is expected to augment the growth of the benzocaine market during the forecast period.
Moreover, wider acceptance in post-surgical pain management therapies owing to its non-irritation properties is expected to supplement the growth of the benzocaine market over the forecast period.
The Epitome of the COVID-19 Aftermath
COVID-19 prevalence has accelerated the adoption of benzocaine drugs across the healthcare sector. Benzocaine is also used to treat hemolysis. It works by binding to sodium channels in nerve cells. These sodium channels are responsible for carrying oxygen throughout the body. Consequently, COVID-19 patients can’t effectively release oxygen from their blood. In addition to this, crisis-fueled adoption of these drugs is on the rise, indicating long-term benefits for the global benzocaine market.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐐𝐮𝐞𝐫𝐲 𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠, 𝐕𝐢𝐬𝐢𝐭 𝐚𝐭 – https://www.coherentmarketinsights.com/insight/talk-to-analyst/4249
Key Takeaways
- The benzocaine market is anticipated to grow at a CAGR of 2.70 % during the forecast period owing to the increasing application of new products and growing investments in the pharmaceutical sector. For instance, in November 2021, Mucinex launched Mucinex InstaSoothe, a range of pain relievers containing methanol and benzocaine, to manage sore throat irritation and pain.
- Across the geographical horizons, the North American region is a major destination for the global benzocaine market in view of the increasing approval rates of various products to cater to the mounting cardiovascular disease caseload.
- In the runner-up spot, the European region is another profit hub for the global benzocaine market on account of growing demand for at-home treatment solutions for elderly patients combined with its robust healthcare infrastructure.
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐆𝐞𝐭 𝐅𝐥𝐚𝐭 𝐔𝐒𝐃 𝟐𝟎𝟎𝟎 𝐎𝐅𝐅
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.coherentmarketinsights.com/promo/buynow/4249
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
View Press Release: https://www.coherentmarketinsights.com/press-release/benzocaine-market-3516
About US:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837