The factors such as rising number of surgical procedures, approval of new anaesthetic drugs, rising healthcare expenditure in developing countries, improvement in drug delivery systems, patient safety expectations and surgical complexities are likely to contribute to healthy growth of the market.
New York, July, 2021: Axiom Market Research & Consulting™ added a report on global local anaesthetic drugs market which includes study on drug molecules, route of administration and distribution channel across various countries of key regions across the globe. The global local anaesthetic drugs market was projected to grow at a CAGR of 3.8% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the local anaesthetic drug market.
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The report analyses the global local anaesthetic drugs industry based on drug molecules, route of administration, distribution channel and geography. Various drug molecules covered in global local anaesthetic drugs are bupivacaine, lidocaine, benzocaine, ropivacaine, prilocaine, chloroprocaine and other local anaesthetic drugs. By route of administration, the market is segmented into intravenous local anaesthesia, topical local anaesthesia and ophthalmic local anaesthesia. Based on distribution channel, the market is segmented into online pharmacies, retail pharmacies and hospital pharmacies. The global local anaesthetic drugs market is studied across various key regions such as, North America, Europe, Asia Pacific and Rest of the World.
The key competitors of this market include Advanced Pharma Inc., Akorn Inc., Aspen Pharmacare, Baxter International Inc., Fresenius Kabi, Glenmark Pharmaceuticals Inc., Mylan, Novartis Ag, Pacira Pharmaceutical, Pfizer Inc., Sagent Pharmaceutical and Teva Pharmaceutical Industries Ltd. among the others.
Local Anaesthetic Drugs Market Regional Trends
North America is expected to witness the fastest growth in upcoming years owing to hold significant share in terms of value. The US and Canada are expected to dominate the market in the upcoming years, The key factors that attributed market growth are well-developed healthcare infrastructure owing to adoption of technologically advanced surgical equipment, rising incidences of surgical procedures, rising collaborations and new product launch.
Local Anaesthetic Drugs Market Segmental Highlights
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Research Objectives of Local Anaesthetic Drugs Market Report:
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