Benzocaine Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Last Updated: January 19th, 2021

The global benzocaine market size was estimated at around USD 124 million in 2020 and expected to grow at a significant CAGR of 2.8% during the forecast period 2021 to 2027. The rising prevalence of acute pain complications is a key factor to drive the market growth. Moreover, the increasing incidence of premature ejaculation is another factor to propel the market over the forecast period. In addition, rising demand for pain killer and increasing anesthetic tends are projected to uplift the market in upcoming years.

Market Segment Insights:

The global benzocaine market is classified by clinical application, distribution channel, and geography. On the basis of clinical application, the market is further segmented into topical anesthesia, premature ejaculation, and others. The topical anesthesia segment held the largest market share in 2020 in terms of revenue and projected to grow at the same trend over the forecast period. The segment growth is contributed to the increasing prevalence of acute pain complications such as sunburn, hemorrhoids, and dental pain, etc. As per the latest report published by WHO, the prevalence rate of hemorrhoid pain is estimated at 4.4%.

In contrast, the premature ejaculation segment is projected to grow at a significant growth rate over the forecast period. The segment growth is attributed to the increasing incidence of premature ejaculation across the globe. As per the latest information shared by NIH, the premature ejaculation prevalence rate is estimated at 19.5% across the globe. Some condoms are manufactured using benzocaine to inhibit penis sensitivity and prolong ejaculation time by delaying ejaculation.

By distribution channel, the global benzocaine market is further classified into hospital pharmacy, retail pharmacy, and other channels. The hospital pharmacy segment dominated the market in 2020 and projected to grow at the same dominance over the forecast period. Due to the side effects of the drug such as irritation, skin blistering, the drug should be delivered under the supervision of hospital pharmacies. By region, North America held the largest market share in 2020. According to the CDC (Center for Disease Control and Prevention) latest research study, around 33.8% of adults are suffering from sunburn in the United States.

The benzocaine comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global benzocaine market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The benzocaine market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2020-2027 – Forecast Period

Global Benzocaine Market Segmentation:

By Clinical Application:

  • Topical Anesthesia
  • Premature Ejaculation
  • Others

By Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Global Benzocaine Market Value and Growth

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Geographic Coverage:

Geographically, the benzocaine market report comprises dedicated sections centering on the regional market revenue and trends. The benzocaine market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The benzocaine market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Benzocaine market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2020 – 2027.

Market Competition Assessment:

Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy. Key players operating in the global benzocaine market are Merck KGaA, Reckitt Benckiser Healthcare, Septodont, Henry Schein, Inc., and Glenmark Pharmaceuticals Ltd.

List of Key Companies:

  • Reckitt Benckiser Healthcare
  • Septodont
  • Henry Schein, Inc.
  • Honeywell Safety Products USA, Inc.
  • Glenmark Pharmaceuticals Ltd.
  • Pfizer, Inc.
  • Innovus Pharmaceuticals, Inc.
  • Krka Pharma
  • ICPA Health Product Ltd.

Key Questions Answered by Benzocaine Market Report:

  • Global benzocaine market forecasts from 2021-2027
  • Regional benzocaine market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Benzocaine submarket forecasts from 2021-2027 covering the market by clinical application, by distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to benzocaine market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level benzocaine markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the benzocaine market

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Benzocaine Market Portraiture
2.2. Global Benzocaine Market, by Clinical Application, 2020 (USD Mn)
2.3. Global Benzocaine Market, by Distribution Channel, 2020 (USD Mn)
2.4. Global Benzocaine Market, by Geography, 2020 (USD Mn)

 

3. Global Benzocaine Market Analysis


3.1. Benzocaine Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis

 

4. Global Benzocaine Market By Clinical Application, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Topical Anesthesia
4.3. Premature Ejaculation
4.4. Others

 

5. Global Benzocaine Market By Distribution Channel, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Hospital Pharmacy
5.3. Retail Pharmacy
5.4. Others

 

6. Global Benzocaine Market, By Geography, 2018 – 2027 (USD Mn)


6.1. Introduction
6.2. North America
6.2.1. Overview
6.2.2. North America Benzocaine Market by Clinical Application (2018-2027 USD Mn)
6.2.3. North America Benzocaine Market by Distribution Channel (2018-2027 USD Mn)
6.2.4. North America Benzocaine Market by Country (2018-2027 USD Mn)
6.2.4.1. U.S.
6.2.4.2. Canada
6.3. Europe
6.3.1. Overview
6.3.2. Europe Benzocaine Market by Clinical Application (2018-2027 USD Mn)
6.3.3. Europe Benzocaine Market by Distribution Channel (2018-2027 USD Mn)
6.3.4. Europe Benzocaine Market by Country (2018-2027 USD Mn)
6.3.4.1. Germany
6.3.4.2. U.K.
6.3.4.3. France
6.3.4.4. Italy
6.3.4.5. Rest of Europe
6.4. Asia Pacific
6.4.1. Overview
6.4.2. Asia Pacific Benzocaine Market by Clinical Application (2018-2027 USD Mn)
6.4.3. Asia Pacific Benzocaine Market by Distribution Channel (2018-2027 USD Mn)
6.4.4. Asia Pacific Benzocaine Market by Country (2018-2027 USD Mn)
6.4.4.1. China.
6.4.4.2. Japan
6.4.4.3. Rest of Asia Pacific
6.5. Latin America (LATAM)
6.5.1. Overview
6.5.2. Latin America Benzocaine Market by Clinical Application (2018-2027 USD Mn)
6.5.3. Latin America Benzocaine Market by Distribution Channel (2018-2027 USD Mn)
6.5.4. Latin America Benzocaine Market by Country (2018-2027 USD Mn)
6.5.4.1. Brazil
6.5.4.2. Mexico
6.5.4.3. Rest of Latin America
6.6. Middle East and Africa
6.6.1. Overview
6.6.2. MEA Benzocaine Market by Clinical Application (2018-2027 USD Mn)
6.6.3. MEA Benzocaine Market by Distribution Channel (2018-2027 USD Mn)
6.6.4. Middle East and Africa Benzocaine Market, by Country (2018-2027 USD Mn)
6.6.4.1. GCC
6.6.4.2. Rest of MEA

 

7. Company Profiles


7.1. Merck KGaA
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. Recent Development
7.1.5. SWOT Analysis
7.2. Reckitt Benckiser Healthcare
7.2.1. Business Description
7.2.2. Financial Health and Budget Allocation
7.2.3. Product Positions/Portfolio
7.2.4. Recent Development
7.2.5. SWOT Analysis
7.3. Septodont
7.3.1. Business Description
7.3.2. Financial Health and Budget Allocation
7.3.3. Product Positions/Portfolio
7.3.4. Recent Development
7.3.5. SWOT Analysis
7.4. Henry Schein, Inc.
7.4.1. Business Description
7.4.2. Financial Health and Budget Allocation
7.4.3. Product Positions/Portfolio
7.4.4. Recent Development
7.4.5. SWOT Analysis
7.5. Honeywell Safety Products USA, Inc.
7.5.1. Business Description
7.5.2. Financial Health and Budget Allocation
7.5.3. Product Positions/Portfolio
7.5.4. Recent Development
7.5.5. SWOT Analysis
7.6. Glenmark Pharmaceuticals Ltd.
7.6.1. Business Description
7.6.2. Financial Health and Budget Allocation
7.6.3. Product Positions/Portfolio
7.6.4. Recent Development
7.6.5. SWOT Analysis
7.7. Pfizer, Inc.
7.7.1. Business Description
7.7.2. Financial Health and Budget Allocation
7.7.3. Product Positions/Portfolio
7.7.4. Recent Development
7.7.5. SWOT Analysis
7.8. Innovus Pharmaceuticals, Inc.
7.8.1. Business Description
7.8.2. Financial Health and Budget Allocation
7.8.3. Product Positions/Portfolio
7.8.4. Recent Development
7.8.5. SWOT Analysis
7.9. Krka Pharma
7.9.1. Business Description
7.9.2. Financial Health and Budget Allocation
7.9.3. Product Positions/Portfolio
7.9.4. Recent Development
7.9.5. SWOT Analysis
7.10. ICPA Health Product Ltd.
7.10.1. Business Description
7.10.2. Financial Health and Budget Allocation
7.10.3. Product Positions/Portfolio
7.10.4. Recent Development
7.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Benzocaine Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Challenges
TABLE 4 Global Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 5 Global Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 6 North America Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 7 North America Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 8 North America Benzocaine Market Value, By Country, 2018 - 2027 (US$ Mn)
TABLE 9 U.S. Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 10 U.S. Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 11 Canada Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 12 Canada Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 13 Europe Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 14 Europe Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 15 Europe Benzocaine Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 16 Germany Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 17 Germany Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 18 U.K. Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 19 U.K. Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 20 France Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 21 France Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 22 Italy Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 23 Italy Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 24 Rest of Europe Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 25 Rest of Europe Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 26 Asia Pacific Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 27 Asia Pacific Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 28 Asia Pacific Benzocaine Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 29 Japan Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 30 Japan Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 31 China Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 32 China Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 33 Rest of Asia Pacific Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 34 Rest of Asia Pacific Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 35 Latin America Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 36 Latin America Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 37 Latin America Benzocaine Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 38 Brazil Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 39 Brazil Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 40 Mexico Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 41 Mexico Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 42 Rest of Latin America Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 43 Rest of Latin America Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 44 Middle East & Africa Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 45 Middle East & Africa Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 46 Middle East & Africa Benzocaine Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 47 GCC Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 48 GCC Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 49 Rest of MEA Benzocaine Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)
TABLE 50 Rest of MEA Benzocaine Market Value, by Distribution Channel, 2018 - 2027 (US$ Mn)
TABLE 51 Merck KGaA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 52 Reckitt Benckiser Healthcare: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 53 Septodont: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 54 Henry Schein, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 55 Honeywell Safety Products USA, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 56 Glenmark Pharmaceuticals Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 57 Pfizer, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 58 Innovus Pharmaceuticals, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 59 Krka Pharma: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 60 ICPA Health Product Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Benzocaine: Market Segmentation
FIG. 2 Global Benzocaine Market: Research Methodology
FIG. 3 Top-Down and Bottom-up Approach
FIG. 4 Global Benzocaine Market, by Clinical Application, 2019 (US$ Mn)
FIG. 5 Global Benzocaine Market, by Distribution Channel, 2019 (US$ Mn)
FIG. 6 Global Benzocaine Market, by Geography, 2019 (US$ Mn)
FIG. 7 Global Benzocaine Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 8 Attractive Investment Proposition, by Geography, 2017
FIG. 9 Market Positioning of Key Benzocaine Providers, 2019
FIG. 10 Global Benzocaine Market Value Share, by Clinical Application, 2018 & 2027 (%)
FIG. 11 Global Benzocaine Market Value for Topical Anesthesia, 2018 - 2027, (US$ Mn)
FIG. 12 Global Benzocaine Market Value for Premature Ejaculation 2018 - 2027, (US$ Mn)
FIG. 13 Global Benzocaine Market Value for Others, 2018 - 2027, (US$ Mn)
FIG. 14 Global Benzocaine Market Value Share, by Distribution Channel, 2018 & 2027 (Value %)
FIG. 15 Global Benzocaine Market Value for Hospital Pharmacy, 2018 - 2027, (US$ Mn)
FIG. 16 Global Benzocaine Market Value for Retail Pharmacy, 2018 - 2027, (US$ Mn)
FIG. 17 Global Benzocaine Market Value for Others, 2018 - 2027, (US$ Mn)
FIG. 18 North America Benzocaine Market Value, 2018 - 2027, (US$ Mn)
FIG. 19 Europe Benzocaine Market Value, 2018 - 2027, (US$ Mn)
FIG. 20 Asia Pacific Benzocaine Market Value, 2018 - 2027, (US$ Mn)
FIG. 21 LATIN America Benzocaine Market Value, 2018 - 2027, (US$ Mn)
FIG. 22 Middle East & Africa Benzocaine Market Value, 2018 - 2027, (US$ Mn)
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