In a recent published report, Kenneth Research has updated the market report for Xerostomia Therapeutics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Xerostomia Therapeutics Market products.
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Kenneth Research has recently added a report titled Xerostomia Therapeutics Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Xerostomia Therapeutics Market report provides an in-depth analysis of the Healthcare & Pharmaceuticals during the forecast period 2019-2026 which consists of the industry overview including the market size, volume, growth rate and recent trends and developments in the market based on historical and current data. The report covers detailed information about the key players, market segments, growth drivers and restraints in the industry. The report delivers an insight into the Xerostomia Therapeutics Market which allows our clients to make informed decisions regarding the growth of their businesses.
The global xerostomia therapeutics market size is expected to reach USD 822.1 million by 2026 growing at a CAGR of 3.6% during the forecast period according to a new report published by Polaris Market Research. The report “Xerostomia Therapeutics Market Size, Share, Trends, & Industry Analysis Report By Product (Dentifrices, Artificial Saliva, Saliva Substitutes, Salivary Stimulants, Drugs, and Salivary Pen); By Distribution Channel; By Regions: Segment Forecast, 2019 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.
Xerostomia usually called as dry-mouth ailment which occurs due to missing or decreased saliva. Generally, xerostomia is not considered as a disease, yet it is a problem which occurs due to numerous clinical scenarios such as adverse effects of radioactivity on head and also neck usually due to radiation treatment and negative effects of a variety of drugs and it might or might not be always related to the reduced functionality of salivary glands. Xerostomia is a usual trouble majorly observed among senior citizens and it is estimated that it is impacting around 20% of the people around the globe. However, it is not an age-related problem as it is usually triggered as a side-effect of medication.
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Increase in favorable compensation plans for xerostomia products as well as increasing responsiveness and awareness about diseases associated with the condition are some of the major factors driving the market growth. Increasing occurrences of xerostomia as well as relevant medical conditions such as Parkinson’s disease, high blood pressure, Sjogren’s disorder, as well as diabetes mellitus has an affirmative impact on the international market. According to Colgate-Palmolive Company, it is estimated that more than twenty-five million people in the United States have the dry mouth problem. Similarly, Sjogren Syndrome Foundation estimates that more than four million people are suffering from Sjogren’s condition which is one the syndrome which causes dry mouth. However, to curb this problem, this foundation runs awareness programs in the U.S. for the people who are suffering from this condition and also to educate the public in general. This factor has also helped to push the overall market in this region. Along with different foundations creating awareness among the people, many of the major pharma companies are working towards acquisitions and joint ventures with emerging companies to increase their product portfolio and to create awareness among the people, further pushing the overall market.
xerostomia therapeutics market
The global xerostomia therapeutics market report has been segmented by type, distribution-channel and region and it is anticipated that the market size was 625.3 million in 2018 and is estimated to grow at a CAGR of 3.6% from 2019 to 2026. The dentifrices market segment is expected to be the largest segment in 2018 due to its increased adoptability, reduced pricing and availability. This is closely followed by the salivary stimulants segment which is anticipated to have a high growth rate during the forecast period.
Under the distribution channel segment, hospital pharmacy segment dominated the market in terms of revenue in 2018. This was majorly due to ease of accessibility, availability of branded as well as generic medicines and reduced item prices. Regionally, North America is estimated to be the major region in 2018 followed by the European market. Increasing awareness among the people in these regions and initiatives taken by various foundations and companies are expected to push the market. Asia Pacific on other hand is expected to grow at a higher rate due to growing medical infrastructure and increased spending towards healthcare in developing countries such as India and China.
Some of the leading companies in this market include Colgate-Palmolive Company, Church & Dwight Co., Inc, EUSA Pharma, GlaxoSmithKline plc, Forward Science, Mission Pharmacal Company, Eisai Inc., OraHealth Inc., Parnell Pharmaceuticals, Inc., OraPharma, Inc, Saliwell Ltd., Dentaid, and Sun Pharmaceutical Industries Limited.
Polaris Market Research has segmented the global xerostomia therapeutics market report on the basis of product type, distribution channel and region:
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Xerostomia Therapeutics Product Type Outlook (Revenue, USD Million, 2016 – 2026)
Artificial Saliva
Dentifrices
Salivary Stimulants
Saliva Substitutes
Drugs
Salivary Pen
Xerostomia Therapeutics Distribution Channel Outlook (Revenue, USD Million, 2016 – 2026)
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Xerostomia Therapeutics Regional Outlook (Revenue, USD Million, 2016 – 2026)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of LATAM
Middle East & Africa
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