(Australia-NewsWire.Com, October 09, 2018 ) Overview: Lidocaine ointment is an analgesic agent used to relieve pain by blocking nerve signals in the body. The ointment is used to reduce the pain and discomfort caused by skin irritants such as insect bites, sunburn, minor cuts, sore throat or throat, scratches, burns, poison ivy and others.
Drivers and Restraints: The significant drivers are increasing use of lidocaine ointment in cosmetic industry for pain relief and growing demand for lidocaine ointment as an anti-itching and pain relief medicine for insect bites, burns, skin scrape and minor cuts etc. Increasing R&D, rise in disposable income and growing awareness is also expected to drive the market over the forecast period. Strict regulations regarding safety and efficacy of the lidocaine ointment are major restraints limiting this industry.
Geographic Segmentation The Asia Pacific Lidocaine Ointment market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific has significant growth during the forecast period.
Major companies in the market are AstraZeneca Plc., Glenmark Pharmaceuticals, Teligent, Inc., Proficient Rx LP, ., Septodont Healthcare India Pvt. Ltd., Gemini Pharmaceuticals, Amneal Pharmaceuticals LLC, Taro Pharmaceuticals U.S.A. Inc., Novocol Inc. and Centura Pharmaceuticals, Inc.
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