The global mouth ulcers treatment market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2021 to 2026, according to a recent report by Fairfield Market Research. The market is set to reach an estimated value of US$ 2,047.9 million by 2026, up from US$ 1,690.6 million in 2021.
The surge in demand for mouth ulcers treatment options can be attributed to the rising incidence of mouth ulcers, driven by factors such as an aging population and unhealthy lifestyle choices. Oral ulcers, including aphthous ulcers, have become increasingly prevalent, affecting approximately 25% of the global population. These ulcers are not only common among the general population but are also associated with conditions such as Crohns disease, ulcerative colitis, systemic lupus erythematosus, and Behcets disease, making their diagnosis and treatment challenging.
The global mouth ulcers treatment market is thriving due to growing awareness of treatment options that provide relief from symptoms and minimize side effects. Additionally, the introduction of technologically advanced products in the healthcare industry has spurred increased spending on prescription and over-the-counter treatments.
One unexpected factor contributing to market growth is the impact of COVID-19. Some individuals infected with the virus experienced mouth ulcers and related symptoms, including COVID tongue. This phenomenon, observed in a portion of infected patients, has further fueled the demand for mouth ulcers treatment.
Geographically, North America leads the global mouth ulcers treatment market, followed by Europe and Asia Pacific, accounting for around 30% of the total market share in 2020. In North America, the National Dental Advisory Board (NDAB) reports that around 45 million Americans use mouthwash products daily, with approximately 2 million new cases of oral cancer recorded each year. These statistics are expected to drive the demand for mouth ulcers treatment in the region.
Furthermore, countries like India and China present significant growth opportunities due to their aging populations and evolving lifestyles. Asia-Pacific is poised for substantial growth, primarily due to increasing disposable incomes in nations such as Japan, China, India, and South Korea. The growing demand for oral care products among the aging population in these countries is contributing to the expansion of the industry.
The global mouth ulcers treatment market is characterized by a competitive landscape with the presence of numerous small and large manufacturers. Industry players are focusing on introducing innovative and technologically advanced products at affordable prices. For example, Toothette-Sofmed recently launched Sofmed Ultra Relief Mouth Ulcer Pads in the U.S., featuring a dual-layer pad design that reduces stinging sensations while promoting faster wound healing. Companies are also actively engaged in research and development, strategic mergers and acquisitions, partnerships, and product launches to strengthen their market presence.
Key players in the global mouth ulcers treatment market include Blistex Inc., Bristol-Myers Squibb Company, Church & Dwight Co., Inc., Colgate-Palmolive Company, Dr. Reddy’s Laboratories Ltd, 3M, Patterson Companies, Inc., Pfizer, Inc., and GlaxoSmithKline plc.
Global Mouth Ulcers Treatment Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2026 – [ 2023 UPDATE Available – Forecast 2023-2030*] (By Drug Class, Formulation, Indication, By Geography, Leading Companies) https://www.fairfieldmarketresearch.com/report/mouth-ulcer-treatment-market
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COMTEX_440910050/2840/2023-09-25T13:12:24
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