Press release
Lidocaine Patches Market is estimated to grow at a CAGR of 7.7% during the forecast period of 2023-2030 : Cognitive Market Research
Lidocaine Patches Market is estimated to grow at a CAGR of 7.7% during the forecast period of 2023-2030: Cognitive Market Research
- Lidocaine patch is a transdermal medication provided in pharmacies, retail stores, and online. It is typically prescribed to treat pain. Also, it is utilized to treat chickenpox pain as well as pain caused by nerve diseases, and chronic pain disorders. Additionally, it causes discomfort in the tissues all around the skin. It helps to prevent and cure pain caused by specific treatments. Moreover, small burns, cuts, and insect bites are treated with this medication.
Summary:
• The Global Lidocaine Patches Market is estimated to be valued at USD 1,056.6 million in 2022 and is expected to exhibit a CAGR of 7.7% during the forecast period (2023-2030).
"To know more about The Lidocaine Patches Market statistics click here: https://www.cognitivemarketresearch.com/lidocaine-patches-market-report
Market Dynamics:
- The rising in the application of lidocaine patches in pain management is forecasted to dominate the global lidocaine patch market. In addition, increasing incidences of several chronic diseases due to the rising geriatric population across the globe dominate the demand for the global lidocaine patch market.
However, the presence of adverse effects such as swelling, redness at the injection site, Low blood pressure, skin irritation, vomiting, and others may restrain the growth of the global market.
Market Segmentation:
Strength:
• 4%
• 5%
• Others (10%, 20%, etc.)
Based on strength, the 5% segment is forecasted to dominate the global lidocaine patches market, due to the increasing availability of 5% lidocaine patch products by major market players.
Adhesive Material:
• Aqueous
• Non-aqueous
Based on adhesive material, the aqueous segment is forecasted to dominate the global lidocaine patches market, due to the numerous aqueous lidocaine patches available commercially.
Application:
• Pain Indications
• Post Herpetic Neuralgia (PHN)
Based on application, the post-herpetic neuralgia (PHN) segment dominates the growth of the global lidocaine patches market. This is attributed to the rising prevalence of PHN due to aging, underlying diseases, and acute pain intensity, which are anticipated to drive the growth of the target market.
Distribution Channel:
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Based on distribution channels, the retail pharmacies segment is forecasted to dominate the global lidocaine patches market. This is attributed to lidocaine patches being available on prescription as well as over-the-counter
The Major Players in Lidocaine Patches Market are:
Endo International plc, Teva Pharmaceutical Industries Ltd, Viatris Inc. (Mylan N.V.), Teikoku Pharma USA Inc., Hisamitsu Pharmaceuticals Co. Inc., Galen Limited, Sorrento Therapeutics Inc., Amneal Pharmaceuticals Inc., Rhodes Pharmaceuticals L.P., 6iPain Healthcare Private Limited, Sanofi S.A.
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Regional Analysis:
- North America has the highest revenue share in the global lidocaine patches market
The North American region is forecasted to dominate the growth of the global lidocaine patches market with the highest revenue share This is attributed to the presence of major market players, well-established healthcare infrastructures, and early approval of cutting-edge lidocaine patch products. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of growth rate. This is attributed to the increasing demand for lidocaine products in the region.
Lidocaine Patches Market News
- NEXGEL, Inc., announced the launch of its MEDAGEL Bug Bite Relief Patch.
NEXGEL, Inc., a manufacturer of ultra-gentle, high-water-content hydrogel solutions for healthcare and consumer purposes introduced The MEDAGEL Bug Bite Relief Patch. These soothing hydrogel cooling patches, produced in the USA, offer immediate relief to irritated skin caused by insect bites.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Lidocaine Patches Market
• 3.1 Global Lidocaine Patches Market Size 2018 - 2030, (USD Million)
• 3.2 Global Lidocaine Patches Value, Absolute & Opportunity Analysis
• 3.3 Global Lidocaine Patches Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Lidocaine Patches Market Statistics 2022: Snapshot
Chapter 4 Global Lidocaine Patches Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Lidocaine Patches Market by Strength Segmentation Analysis (2018-2030)
Chapter 10 Global Lidocaine Patches Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Lidocaine Patches Market by Adhesive Material Segmentation Analysis (2018-2030)
Chapter 12 Global Lidocaine Patches Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 13 Global Lidocaine Patches Market Regional Analysis
Chapter 14 North America Lidocaine Patches Market Outlook (2018 - 2030)
Chapter 15 Europe Lidocaine Patches Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Lidocaine Patches Market Outlook (2018 - 2030)
Chapter 17 Latin America Lidocaine Patches Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Lidocaine Patches Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Lidocaine Patches Market TOC click here: https://www.cognitivemarketresearch.com/lidocaine-patches-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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