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LONDON--(BUSINESS WIRE)--The global legal cocaine market size is expected to grow by 1.27 thousand oz as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%. Request Free Sample Report on COVID-19 Impacts Read the 120-page report with TOC on "Legal Cocaine Market Analysis Report by Application (Surgical and Recreational) and Geography (Europe, North America, APAC, and ROW), and the Segment Forecasts, 2020-2024". https://www.technavio.com/report/legal-cocaine-market-industry-analysis The market is driven by the growing demand for pharmaceutical-grade cocaine. In addition, the rising number of countries decriminalizing and legalizing cocaine is anticipated to boost the growth of the legal cocaine market. Cocaine is frequently used as a topical anesthetic during outpatient procedures. Cocaine is used by healthcare professionals to temporarily numb the lining of the mouth, nose, and throat before certain medical procedures like biopsy, stitches, and wound cleaning. Cocaine also causes blood vessels to narrow, which helps in decreasing bleeding and swelling from the procedure. The legal cocaine used during medical procedures is available in the form of a topical cocaine hydrochloride solution, which comes in three different concentrations of 1%, 4%, and 10%. Cocaine is ranked among the strongest anesthetics and vasoconstrictors, which makes it an ideal option for use during sinus surgery as well as nasal procedures where bleeding and pain may pose as major challenges. Therefore, the growing demand for pharmaceutical-grade cocaine is expected to drive the growth of the legal cocaine market significantly during the forecast period. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Major Five Legal Cocaine Companies: Bio-Techne Corp. Bio-Techne Corp. has business operations under various segments such as protein sciences, and diagnostics and genomics. The company offers cocaine hydrochloride which is an inhibitor of monoamine transporters. Lannett Co. Inc. Lannett Co. Inc. is involved in the production and distribution of generic pharmaceutical products. The company offers Cocaine Hydrochloride Nasal Solution, a branded local anesthetic product, which is FDA approved. Mallinckrodt Plc Mallinckrodt Plc operates its business through various segments such as specialty brands and specialty generic. The company offers cocaine hydrochloride USP CII. Merck & Co. Inc. Merck & Co. Inc. has business operations under segments such as pharmaceuticals and animal health. The company offers cocaine for medicinal applications such as local anesthetic. Stepan Co. Stepan Co. operates its business through three segments: surfactants, polymers and specialty products. The company supplies cocaine to pharmaceutical companies for use in medicine. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Legal Cocaine Application Outlook (Revenue, thousand oz, 2020-2024) Legal Cocaine Regional Outlook (Revenue, thousand oz, 2020-2024) Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Analysis on Impact of COVID-19 - Global Legal Cocaine Market 2020-2024 | Evolving Opportunities with Bio-Techne Corp. and Lannett Co. Inc. | Technavio