Impact of Covid-19 Mouth Ulcer Treatment Market to Reach US$ 1.35 Billion by 2024, Stimulated by Rising Oral Hygiene Awareness
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Pharmaceutical companies are developing different medications, such as antibiotic mouthwashes, pastes, gels and creams to prevent recurring ulcerations. They are also focusing on producing various innovative drugs with fewer side effects and fast healing action which are having a positive impact on the industry. Apart from this, governments worldwide are conducting oral health programs and campaigns to create awareness among people about the symptoms and causes of mouth ulcers. This rising consciousness has prompted them to take proper treatment which is catalyzing the growth of the mouth ulcer treatment market globally. Owing to these factors, the market value is projected to reach US$ 1.35 Billion by 2024, exhibiting a CAGR of 2.7% during 2019-2024.
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Based on the formulation, the market has been segmented into gel, spray, mouthwash and lozenges. Currently, gels dominate the market, holding the largest share, on account of their easy availability and ability to provide quick relief from pain.
On the basis of the drug class, corticosteroids represent the most popular drug class. Other segments include anesthetics, analgesics, antimicrobials and antihistamines.
The market has also been classified based on the indication into Aphthous Stomatitis, Oral Lichen Planus and others. Amongst these, Aphthous Stomatitis exhibits a clear dominance in the global market.
On the geographical front, North America represents the leading market across the globe. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Blistex Inc., Church & Dwight Co. Inc., 3M, Colgate-Palmolive Company, GlaxoSmithKline, Plc., Bristol Myers Squibb Company, and Pfizer Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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