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Lidocaine Market Trends

  • Report ID: 3577
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Lidocaine Market Trends

Growth Drivers

  • Increasing Number of Surgeries Worldwide
  • Surge in the Prevalence of Periodontal Diseases Globally

Challenges

  • Stringent Regulatory Framework Regarding Medical Approval in Several Countries

Lidocaine Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.3%

Base Year Market Size (2023)

USD 904.2 million

Forecast Year Market Size (2036)

USD 1.76 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Radhika Pawar


  • Report ID: 3577
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of lidocaine is assessed at USD 942.54 million.

Lidocaine Market size was over USD 904.2 million in 2023 and is projected to exceed USD 1.76 billion by 2036, witnessing over 5.3% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing number of surgeries worldwide and surge in the prevalence of periodontal diseases globally.

Asia Pacific industry is poised to account for largest revenue share by 2036, on the back of spiraling number of dental and cosmetic procedures, along with plastic surgeries.

The major players in the market are Pfizer, Inc., Hisamitsu Pharmaceutical Co., Inc., Jiangsu Tianji Pharmaceutical Co. Ltd., Teikoku Pharma USA, Inc., Sorrento Therapeutics, Inc., and others.
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