Mouth ulcers, also known as aphthous ulcers, are painful open sores or lesions that are mostly found inside the mouth, either singly or in clusters. Mouth ulcers are extremely common and the prevalence rate is 2% to 60% among the global population. Various classes of drugs such as corticosteroid, analgesic, anesthetic, antihistamine and antimicrobial are utilized for the treatment of mouth ulcers.
PDF Containing the Upcoming Market Analysis of Mouth Ulcers Treatment is available at: http://bit.ly/2kmLKzt
As per the research study, in 2013, the global market for mouth ulcer treatment was worth US$1,242.6 mn. The market is estimated to register a 3.80% CAGR between 2014 and 2020, reaching a value of US$1,596.9 mn by the end of 2020. Furthermore, technological advancements and innovations in the medicine field are expected to bolster global mouth ulcer treatment in the near future.
The research report also includes SWOT analysis to determine the strengths, weaknesses, opportunities, and threats influencing the segments of the overall market. For a holistic understanding of the market, the researchers have included Porter’s five forces analysis to highlight the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.
The primary growth drivers of the global mouth ulcers treatment market are the rising pool of geriatrics and increasing awareness amongst people about mouth ulcers. Researchers predict that the Asia Pacific market will grow at a significant pace in the coming years due to the strong presence of several players in the region. According to the research report, the global mouth ulcers treatment market was valued at US$1.2 bn and is anticipated to reach US$1.6 bn by 2020, rising at a remarkable CAGR of 3.8% between 2014 and 2020. However, some of the factors restraining the growth of this market are side-effects of treatment for mouth ulcers such as blurred vision, constipation, headache, and stomach pain.
Rising Prevalence Rate of Mouth Ulcers to Encourage Growth in North America
From a geographical perspective, North America is anticipated to lead the global mouth ulcers market and is expected to remain in the topmost position throughout the forecast period. As per the study, this region is estimated to account for a key share of the market by the end of 2020, thanks to the growing awareness among consumers regarding the availability of effective mouth ulcer treatments. In addition, the increasing demand for mouth ulcer treatments owing to the rising prevalence rate is predicted to fuel the growth of the North America mouth ulcer treatment market in the coming few years.
Furthermore, Europe is anticipated to witness considerable growth in the coming years and remain in the second position in terms of revenue. The rising geriatric population in this region is one of the key factors anticipated to bolster mouth ulcers market in Europe. On the other hand, Asia Pacific is projected to register robust growth in the next few years, due to the favorable government initiatives and the rising number of mouth ulcer cases. The untapped opportunities in this region, especially in developing economies are predicted to supplement the growth of the market in the next few years.
Some of the prominent players operating in the global market for mouth ulcers treatment are Church & Dwight Co, Inc., ECR Pharmaceuticals, GlaxoSmithKline plc, 3M Healthcare, and Bristol Meyer Squibb Company.
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