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) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Oct 2020

Code : CMI4249

Pages :175

Formats :

Excel and PDF

Industry : Pharmaceutical

Benzocaine MarketSize and Trends

The global benzocaine market size 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).

Figure 1. Global Benzocaine Market Value (US$ Mn), 2016 - 2027

Increasing prevalence of dental conditions such as dental caries, periodontal diseases, and oro-dental trauma in adults globally is a major factor driving growth of the global benzocaine market. According to World Health Organization report published in 2017, globally around 2.3 billion people suffer from dental diseases such as dental caries and pro-dental trauma causing pain and discomfort in mouth. Moreover, according to the same source, approximately 530 million children were suffering from dental diseases such as tooth decay and gum diseases globally in 2017.

Furthermore, increasing prevalence of oral ulcers, also known as recurrent aphthous ulcers, globally is another factor that is expected to drive growth of the global benzocaine market. According to US National Library of Medicine Report Published in 2018, each year, approximately 5-60% of individuals are suffering from recurrent aphthous ulcers, out of which 50% of individuals suffer from mouth irritation and pain due to ulcers.