Global Ropivacaine Hydrochloride Market: Overview
Ropivacaine hydrochloride is a local anesthetic drug, which falls under the amino amide local anesthetics class. This class of drug is categorized under injectable solutions, with strengths of 2mg/ml, 5mg/ml, 7.5 mg/ml, and 10mg/ml. Ropivacaine hydrochloride acts as a local anesthetic and has applications in local or regional anesthesia as a major nerve block, local infiltration, epidural block for surgery, acute pain management in postoperative pain, and labor pain. Its mechanism of action includes inhibition of generation and conduction of nerve impulses, presumably by increasing the threshold for electrical excitation in the nerve by slowing the propagation of the nerve impulse and by reducing the rate of rise of the action potential. Ropivacaine hydrochloride is administered through the epidural route and is a highly effective local anesthetic agent in surgeries, labor pain, and acute pain management in post-operative pain.
Global Ropivacaine Hydrochloride Market: Key Trends
Surge in the number of surgeries and rise in demand for options for post-operative pain relief are the major factors boosting the growth of the global ropivacaine hydrochloride market. According to the WHO, 226.4 million surgical procedures were performed across the globe in 2004. In 2012, this number was 312.9 million, an increase of 38.2% in the past eight years. According to the U.S. Institute of Medicine, 80% of patients who undergo surgery report postoperative pain; of this around 88% report moderate, severe, or extreme pain levels. Moreover, increase in the geriatric population and labor pain management propel the global ropivacaine hydrochloride market. Side effects of this drug and increase in over-dosage mortality rate are factors likely to restrain the global ropivacaine hydrochloride market.
Global Ropivacaine Hydrochloride Market: Segmentation
The global ropivacaine hydrochloride market can be segmented based on application, distribution channel, and region. In terms of application, the global market can be classified into anesthesia, labor pain, and postoperative pain. The anesthesia segment dominated the global market in 2017 and is projected to sustain its leadership position during the forecast period owing to effectiveness for local anesthetic and less side effects. Based on distribution channel, the global ropivacaine hydrochloride market can be divided into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment held major market share in 2017 due to rise in number of surgeries at hospitals, easy access, and availability of local anesthetic at hospital pharmacies.
Global Ropivacaine Hydrochloride Market: Regional Analysis
In terms of region, the global ropivacaine hydrochloride market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017, followed by Europe. Rise in number of surgeries, increase in cases of acute pain after surgery, and presence of major players are the major factors driving the ropivacaine hydrochloride market in North America. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period due to increase in cases that require surgeries, rise in awareness about safety measures for surgeries, and surge in the number of cases of postoperative and labor pain.
Global Ropivacaine Hydrochloride Market: Competitive Landscape
The global ropivacaine hydrochloride market is highly competitive and fragmented due to the presence of major companies as well as emerging players. Key players operating in the global market include Apin Chemicals Limited, NAVINTA LLC, Xiaogan shenyuan chempharm co. Ltd., Akorn, Inc., Pfizer, Inc., Aurobindo Pharma, Teva Pharmaceutical Industries Ltd., Somerset Therapeutics, LLC, Gland Pharma Limited, and EXCELLA GmbH & Co KG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.