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Local Anesthesia Market Size

  • Report ID: GMI7699
  • Published Date: Dec 2023
  • Report Format: PDF

Local Anesthesia Market Size

Local Anesthesia Market was valued USD 4.2 billion in 2023 and is set to grow at a CAGR of 4.2% during 2024 to 2032. Growing demand for local anesthesia is fuelled by rising outpatient and minimally invasive surgeries, eliminating the need for general anesthesia, and providing precise pain relief in surgical procedures especially in cosmetic surgery. For instance, according to the American Society of Plastic Surgeons report, a surge of 18%, totalling 1.4 million cosmetic procedures in 2022 were performed, as compared to pre-pandemic. This upward trend shows up a growing demand for local anesthesia drugs, thereby fostering the market growth

 

Local anesthesia refers to the temporary loss of sensation in a specific area of the body, typically induced by the administration of anesthetic drugs to the targeted region. It is commonly employed to block pain during surgical or medical procedures, rendering a specific body part or region numb while allowing the patient to remain conscious.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of local anesthesia was exceeded USD 4.2 billion in 2023 and is expected to reach USD 6.1 billion by 2032, fueled by rising number of minimally invasive surgeries, and providing precise pain relief in surgical procedures especially in cosmetic surgery.

The lidocaine segment revenue is expected to reach USD 2 billion by 2032, owing to its short-acting properties due to which it is extensively employed for local or regional anesthesia during various medical procedures.

The hospital segment accounted for USD 2.3 billion in 2023 and will grow significantly through 2032, as they are serving as key hubs for various medical procedures requiring localized pain management.

Pfizer Inc., GE Healthcare, Baxter International Inc., Fresenius Kabi, B. Braun Melsungen AG, Piramal, AbbVie Inc., Pacira BioSciences, Aspen Pharmacare Holdings Ltd, Septodont, and Ultracain.

Local Anesthesia Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 268
  • Countries covered: 19
  • Pages: 180
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