Global Benzocaine
Market, by Purity (95%, 98%, and Others), by Indication (Skin Irritation,
Wounds, Ulcers, Hemorrhoids, and Others), and by Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be
valued at US$ 128.9 million in 2020 and is expected to exhibit a CAGR of 2.70 %
over the forecast period (2020-2027), as highlighted in a new report published
by Coherent Market Insights.
The global benzocaine market is
expected to witness significant growth, as key companies are focusing on
product launches and product approvals. For instance, in 2016, Randob Labs, Ltd
launched Fire Out, a new roll-on that provides instant pain relief from
different types of insect stings. Fire out roll is a combination of benzocaine
and methanol active pharmaceutical ingredients, which is used for relieving
pain and itching caused due to fire ant stings, and other insects bites.
Moreover, rising prevalence of
sexual disorders in men such as premature ejaculation are driving growth of the
global benzocaine market, as benzocaine drugs are used for the treatment of
premature ejaculation in males. According to the American Urological Association
(AUA) report published in 2017, premature ejaculation is the most common form
of male sexual dysfunction, affecting approximately one out of 3 males of age
between 18 to 59 in the U.S.
* The sample copy includes: Report Summary, Table of
Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy
of this report: https://www.coherentmarketinsights.com/insight/request-sample/4249
Global Benzocaine Market – Impact
of Coronavirus (Covid-19)
The COVID-19 pandemic has
drastically affected each and every market across the globe and it is expected
to affect the global benzocaine market as well
The outbreak of COVID-19 pandemic
has affected the import and export of active pharmaceutical ingredients.
Therefore, governments of various countries are taking initiatives to promote
local domestic pharmaceutical ingredient manufacture to reduce the country
dependence on imports from various countries.
For instance, according to Press
Information Bureau (PIB) India, in September 2020, the Government of India
formed an inter-ministerial committee to address the impact of COVID-19 on
import and manufacturing of bulk pharmaceutical ingredients and initiated two
new government schemes, Production Linked Incentive (PLI) scheme and scheme for
Promotion of Bulk Drug Parks, granting benefits for domestic bulk manufacture
of API and reducing the country’s dependency on import of active pharmaceutical
ingredients during the COVID-19
outbreak.
Browse 33 Market Data Tables and
32 Figures spread through 175 Pages and in-depth TOC on “Global Benzocaine
Market, by Purity (95%, 98%, and Others), by Indication (Skin Irritation,
Wounds, Ulcers, Hemorrhoids, and Others), and by Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa)
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/benzocaine-market-4249
The market is expected to gain significant
growth during the forecast period, as various key companies are focusing on
research and development of benzocaine drugs due to its analgesic and
antipyretic properties. For instance, in 2018, Janssen Pharmaceutica N.V.
announced the completion of phase 3 trials on efficacy and safety of a
Benzocaine Lozenge for the treatment of sore throat in adults.
Key Takeaways of the Global
Benzocaine Market:
The global benzocaine market is
expected to exhibit a CAGR of 2.70 % over the forecast period, owing to
increasing prevalence of sexual disorders in males and key companies focusing
on product launches
Among indication, the ulcers
segment is estimated to hold a dominant position in the benzocaine market in
2020, owing to increasing prevalence of oral and esophageal ulcers in adults
Key players operating in the
global benzocaine market include TCI Chemicals (India) Pvt. Ltd, Merck KGaA,
ACETO Corporation, Alfa Aesar, Penta International Corporation, abcr GmbH,
Indofine Chemical Co Inc, Jinzhou Jiutai Pharmaceutical Co., Ltd, Changzhou
Sunlight Pharmaceutical Raw Material Co., Ltd, Fengchen Group Co., Ltd, and
Mahendra Chemicals
Buy-Now this research
report: https://www.coherentmarketinsights.com/insight/buy-now/4249
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact
Us:
mailto:sales@coherentmarketinsights.com
U.S.
Office:
Name: Mr. Shah
Coherent
Market Insights 1001 4th Ave,
# 3200
Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
No comments:
Post a Comment