Lidocaine ointment market
Lidocaine Ointment Market, by Formulation (Internal Use and Topical Use), by Age Group (Children and Adult), by Application (Insect Bite, Sun Burn, Minor Cut, Mouth Sore, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Dec 2022
- CMI5434
- 156 Pages
- Excel & Pdf
- Pharmaceutical
Lidocaine belongs to the local anesthetic family. This drug prevents pain by blocking signals from nerve endings in the skin. Lidocaine is an anesthetic agent used to prevent and treat pain during some procedures such as surgery. This drug is also used to treat minor burns, scratches, and insect bites. Lidocaine is a common ingredient in topical medications that helps reduce pain; 5% topical lidocaine is used to numb the skin prior to tattooing and can also be used afterward while the skin is healing. The highest available concentration of topical lidocaine is 5%. Lidocaine medication can be applied to the itchy area to stop the patient from scratching and cure the condition.
The global Lidocaine ointment market is estimated to be valued at US$ 1,275.2 million in 2022 and is expected to exhibit a CAGR of 7.7% during the forecast period (2022-2030).
Figure 1. Global Lidocaine Ointment Market Share (%), by Formulation, 2022
Global Lidocaine Ointment Market - Driver
Lidocaine ointment is used for various purposes it is used to treat minor burns, scratches, and insect bites. It is also used to prevent and treat pain during some procedures such as cosmetic surgery and dental surgery, which is expected to drive the market growth over the forecast period. Thus, the increasing prevalence of cosmetic surgeries is expected to drive the market growth over the forecast period. For instance, according to the data provided by the American Society for Aesthetic Plastic Surgery, in April 2022, non-surgical procedures saw a 44% increase over 2020. Moreover, surgical procedures increased by 54% in 2021 and the average U.S. plastic surgeon performed 320 surgeries in 2021 compared to 220 in 2020.
Lidocaine Ointment Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2022: | US$ 1,275.2 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 7.7% | 2030 Value Projection: | US$ 2,315.75 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Glenmark Pharmaceuticals U.S. Inc., Teligent Inc., Taro Pharmaceutical Industries Ltd., CENTURA PHARMACEUTICALS INC., Neon Laboratories Ltd., ASTRAZENECA CANADA INC., Novocol Pharma, Amneal Pharmaceuticals LLC., Alembic Pharmaceuticals Limited, Ascend Laboratories LLC, Liberty Pharmaceuticals, Inc., Hi-Tech Pharmaceuticals, Aspen Pharmacare Australia Pty Ltd., Sandoz AG, Zydus Healthcare Limited., Quagen Pharmaceuticals, Zuche Pharmaceuticals Private Limited., and SEPTODONT, Inc. |
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Growth Drivers: |
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Restraints & Challenges: |
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Figure 2. Global Lidocaine Ointment Market Share (%), by Region, 2022
Increased technological advancement activity for the formulation of lidocaine ointment is expected to drive market growth during the forecast period. For instance, in September 2021, according to an article published by the National Library of Medicine, a 5% concentration of glycerol monostearate (GMS) helps lidocaine to penetrated deep into the dermis. The self-nanoemulsifying effect of GMS facilitated the release of lidocaine from the ointment. Thus self-nanoemulsification of GMS has been applied to improve the formulation of the local anesthetic lidocaine ointment.
Global Lidocaine Ointment Market – Impact of Coronavirus (COVID-19) Pandemic
Coronavirus disease 2019 (COVID-19) is a highly contagious infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). According to the World Health Organization (WHO), as of October 10, 2022, 44,614,437 people are affected worldwide.
The COVID-19 impact created an opportunity for the global lidocaine ointment market growth, owing to the application of lidocaine ointment for the treatment of COVID-19-associated symptoms. For instance, in September 2022, according to an article published in the Journal of Cardiovascular Development and Disease, dysrhythmias due to SARS-CoV-2 infection exhibit high-grade atrioventricular block, atrial fibrillation, and ventricular tachycardia. Mortality in COVID-19 patients was due to cardiac movement with premature ventricular contractions and pulseless electrical activity. Thus, increasing demand for lidocaine ointment from COVID-19 patients due to the COVID-19 pandemic is expected to drive the global lidocaine ointment market growth.
According to an article published by the Best Practice & Research Clinical Anesthesiology Journal in November 2020, healthcare facilities all around the world were severely affected due to the COVID-19 pandemic. Medical items such as personal protective equipment (PPE) for healthcare workers, sanitizing supplies, toilet paper, hospital equipment, and water were in short supply. Furthermore, the same source stated that the Indian economy, especially the healthcare product manufacturing companies and service sector was negatively impacted due to nationwide lockdowns during the COVID-19 pandemic.
Global Lidocaine Ointment Market: Key Developments
In April 2022, Alembic Pharmaceuticals Limited, a pharmaceutical company, announced that its subsidiary Aleor Dermaceuticals Limited had received final approval from the U.S. Food and Drug Administration (USFDA) Abbreviated Marketing Authorization Application (ANDA) Lidocaine and Prilocaine Cream USP, 2.5%. Lidocaine is indicated as a local anesthetic for use on normal intact skin for topical analgesia and genital mucosa as a pretreatment for superficial minor interventions and infiltration anesthesia.
Global Lidocaine Ointment Market: Restraint
The major factors that can hamper the growth of the global lidocaine ointment market over the forecast period include product side effects, product recall, and government restrictions regulating the safety and efficacy of lidocaine ointment. For instance, in June 2022, according to an article published by Mayo Clinic, lidocaine ointment had various side effects such as cough, cracked, dry or scaly skin, fast heartbeat, and fever.
Global Lidocaine Ointment Market: Key Players
Major players operating in the global lidocaine ointment market include Glenmark Pharmaceuticals U.S. Inc., Teligent Inc., Taro Pharmaceutical Industries Ltd., CENTURA PHARMACEUTICALS INC., Neon Laboratories Ltd., ASTRAZENECA CANADA INC., Novocol Pharma, Amneal Pharmaceuticals LLC., Alembic Pharmaceuticals Limited, Ascend Laboratories LLC, Liberty Pharmaceuticals, Inc., Hi-Tech Pharmaceuticals, Aspen Pharmacare Australia Pty Ltd., Sandoz AG, Zydus Healthcare Limited., Quagen Pharmaceuticals, Zuche Pharmaceuticals Private Limited., and SEPTODONT, Inc.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Formulation
- Market Snapshot, By Age Group
- Market Snapshot, By Application
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Attractiveness Analysis
- Market Opportunities
- Product Launches
- Merger, Acquisition, Collaborations
- Pipeline Analysis
- Regulatory Guideline and Compliances
- Government Intervention
- PEST Analysis
- Technology Landscape
- Brand Attribute Mapping
- Investments
- Market Dynamics
- Global Lidocaine Ointment Market- Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- COVID-19 Epidemiology
- Government Initiatives
- Global Lidocaine Ointment Market, By Formulation, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Internal Use
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Topical Use
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Lidocaine Ointment Market, By Age Group, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Children
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Adult
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Lidocaine Ointment Market, By Application, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segments Trends
- Insect Bite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Sun Burn
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Minor Cut
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Mouth Sore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Lidocaine Ointment Market, By Distribution Channel, 2017 – 2030, (US$ Million
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segments Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Introduction
- Global Lidocaine Ointment Market, By Region, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Formulation, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Formulation, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Formulation, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Formulation, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Formulation, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Formulation, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2017 – 2030, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Glenmark Pharmaceuticals U.S. Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Teligent Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Taro Pharmaceutical Industries Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- CENTURA PHARMACEUTICALS INC.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Neon Laboratories Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- ASTRAZENECA CANADA INC.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Novocol Pharma
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Amneal Pharmaceuticals LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Alembic Pharmaceuticals Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Ascend Laboratories LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Liberty Pharmaceuticals, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Hi-Tech Pharmaceuticals
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Aspen Pharmacare Australia Pty Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Sandoz AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Zydus Healthcare Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Quagen Pharmaceuticals
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Zuche Pharmaceuticals Private Limited.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- SEPTODONT, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Glenmark Pharmaceuticals U.S. Inc.
- Section
- Research Methodology
- About Us
*Browse 27 market data tables and 31 figures on “Global Lidocaine Ointment Market” - Global forecast to 2030
Detailed Segmentation:
- Global Lidocaine Ointment Market, By Formulation:
- Internal Use
- Topical Use
- Global Lidocaine Ointment Market, By Age Group:
- Children
- Adult
- Global Lidocaine Ointment Market By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- Global Lidocaine Ointment Market By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Global Lidocaine Ointment Market, By Region:
- North America
- By Formulation:
- Internal Use
- Topical Use
- By Age Group:
- Children
- Adult
- By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country:
- U.S.
- Canada
- By Formulation:
- Latin America
- By Formulation:
- Internal Use
- Topical Use
- By Age Group:
- Children
- Adult
- By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Formulation:
- Europe
- By Formulation:
- Internal Use
- Topical Use
- By Age Group:
- Children
- Adult
- By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Formulation:
- Asia Pacific
- By Formulation:
- Internal Use
- Topical Use
- By Age Group:
- Children
- Adult
- By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- By Formulation:
- Middle East
- By Formulation:
- Internal Use
- Topical Use
- By Age Group:
- Children
- Adult
- By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Formulation:
- Africa
- By Formulation:
- Internal Use
- Topical Use
- By Age Group:
- Children
- Adult
- By Application:
- Insect Bite
- Sun Burn
- Minor Cut
- Mouth Sore
- Others
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Formulation:
- North America