Lidocaine Patches Market
Lidocaine falls under the drug class of local anesthesia. Lidocaine patches are adhesive formulations that are used to help reduce itching and pain from certain skin conditions. Dermalid, Lidoderm, Ztildo are the prescription lidocaine transdermal patches used to relieve the pain of post-herpetic neuralgia. However, Absorbine Jr, Aspercreme, Lidocare, and Salonpas, among others are non-prescription lidocaine patches available to relieve minor pain in shoulders, arms, neck, and legs in adults and children 12 years of age and older.
Market Dynamics
Increase in application of lidocaine patch in pain management is expected to drive growth of the global lidocaine patch market over the forecast period. The lidocaine patch 5% exhibits efficacy to treat pain related to postherpetic neuralgia and is effective for pain related to osteoarthritis, creating an effective topical analgesic option for osteoarthritis. Moreover, increase in orevalence of lower back pain (LBP) is expected to boost growth of the market in the near future. For instance, according to an article published in Elsevier B.V. in January 2022, there were 568.4 million (95 % UI 505.0 to 640.6 million) prevalent cases of LBP (Low Back Pain) in 2019, with an age-standardized point prevalence estimate of 6,972.5 (95 % UI 6190.5 to 7860.5) per 100,000 population, globally. Additionally, increasing incidence of herpes zoster and lack of preventive vaccination against shingles are expected to boost demand for lidocaine patches, which is further expected to fuel growth of the global lidocaine patches market during the forecast period. For instance, according to data published by the Centers for Disease Control and Prevention in October 2020, an estimated one million cases of herpes zoster occur annually in the U.S. The incidence for herpes zoster is around 4 cases per 1,000 U.S. population annually.
Key features of the study
Market Segmentation
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