Local Anesthesia Drugs Market Estimated at US$ 3,876.8 Mn by 2028 With CAGR of 5.0%

A small area of the body is numbed using local anaesthetic drugs during a procedure or therapy (usually a minor one). Local anaesthetic, a drug injection, numbs a specific area of the body. Bupivacaine, a local anaesthetic available only by prescription, blocks the nerve impulses that the brain utilises to register pain. These drugs can be used to treat painful conditions, ease post-operative discomfort, and minimise pain after surgery. Various surgical procedures include the use of local anaesthetic medications.

 

Market Statistics

 

By the end of 2021, the market for local anaesthetic medications is anticipated to be worth US$ 2,760.2 Mn.

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Market Drivers

 

During the projected period, the global market for local anaesthesia pharmaceuticals is anticipated to develop due to the increased demand for these medications caused by the rising number of operations worldwide. For instance, Hikma announced the introduction of the Bupivacaine HCl Injection in December 2021. It is used to create local anaesthetic for obstetrical, dental, and oral surgical operations as well as for diagnostic and therapeutic treatments. Additionally, Hikma introduced Ropivacaine HCl Injection, which is used to create local anaesthetic for surgical procedures for the treatment of acute pain.

 

Market Opportunities

 

The market for local anaesthesia medications is predicted to see considerable growth prospects due to the rising usage of local anaesthetics for postoperative pain. For instance, Heron Therapeutics reported in May 2021 that the Food and Drug Administration (FDA) had approved ZYNRELE, the first and only FDA-approved dual-acting extended-release local anaesthetic. ZYNRELE has been clinically shown to manage pain and eliminate the need for opioids for up to 72 hours after surgery, outperforming the current gold standard of care, bupivacaine solution.

 

Market Restraints

 

The expansion of the local and international markets for anaesthesia pharmaceuticals is anticipated to be constrained by the adverse effects of anaesthetic drugs and strict rules and regulations. Although general anaesthetics have more negative effects than local anaesthetics, the latter are far safer to employ. Numbness, vertigo, twitching, a metallic aftertaste in the mouth, and ringing in the ears are typical side effects. Pharma firms must also adhere to regulatory requirements in order to receive product approvals.

 

Impact

 

Due to the COVID-19 epidemic, operations have been delayed or cancelled, which has resulted in a modest drop in the usage of anaesthetic medications. But when things get back to normal, all of the elective procedures that had been put off or abandoned are now being finished, which has led to an increase in the usage of anaesthetic medications. Furthermore, because of its advantages and low risk of viral transmission, local anaesthetic is frequently used to treat COVID-19 patients. The local anaesthetic medication industry is thus anticipated to benefit from this.

 

Key Takeaways

 

The market for local anaesthesia medications was valued at US$ 2,760.2 Mn in 2021 and is predicted to expand at a CAGR of 5.0% between 2021 and 2028 attendingUS$ 3,876.8 Mn.

 

Market Trends

 

The market for anaesthetic medications on a local and international scale is anticipated to rise as more procedures are performed. For instance, the American Society of Plastic Surgeons estimates that in the United States in 2020, there will be performed about 6.8 million reconstructive treatments, 13.2 million cosmetic minimally invasive procedures, and 2.3 million cosmetic surgical procedures.

 

The global market for local anaesthetic medications is predicted to develop faster than average due to an increase in innovative drug approvals. For instance, the first Ropivacaine multivesicular liposome formulation local anaesthetic to be used as a postoperative analgesia, LY09606, was approved for clinical trials by the Centre for Drug Evaluation of China’s National Medical Products Administration in March 2021.

 

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Competitive Landscape

 

Teva Pharmaceutical Industries Ltd., Septodont, Hikma Pharmaceuticals PLC, Pfizer Pacira BioSciences, Inc., Fresenius SE & Co. KgaA, B. Braun Melsulgen AG, and Glenmark Pharmaceutical Ltd.are significant market participants in the worldwide local anaesthetic medicine industry.

 

Recent Developments

 

The New Drug Application (NDA) for the extended use of Pacira BioSciences Inc.’s Exparel (Bupivacaine Liposome Injectable Suspension) in paediatric patients was authorised by the Food and Drug Administration (FDA) in March 2021.

 

Heron Therapeutics, Inc. reported in December 2019 that Health Canada had accepted Heron’s New Drug Submission for HTX-011 for the treatment of postoperative pain and given it priority review status.

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Local Anesthesia Drugs Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Local Anesthesia Drugs Industry Impact

Chapter 2 Global Local Anesthesia Drugs Competition by Types, Applications, and Top Regions and Countries
2.1 Global Local Anesthesia Drugs (Volume and Value) by Type
2.3 Global Local Anesthesia Drugs (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Local Anesthesia Drugs Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Local Anesthesia Drugs Market Analysis
Chapter 6 East Asia Local Anesthesia Drugs Market Analysis
Chapter 7 Europe Local Anesthesia Drugs Market Analysis
Chapter 8 South Asia Local Anesthesia Drugs Market Analysis
Chapter 9 Southeast Asia Local Anesthesia Drugs Market Analysis
Chapter 10 Middle East Local Anesthesia Drugs Market Analysis
Chapter 11 Africa Local Anesthesia Drugs Market Analysis
Chapter 12 Oceania Local Anesthesia Drugs Market Analysis
Chapter 13 South America Local Anesthesia Drugs Market Analysis
Chapter 14 Company Profiles and Key Figures in Local Anesthesia Drugs Business
Chapter 15 Global Local Anesthesia Drugs Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology