The anal fissure treatment market size is expected to see strong growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to innovative treatment approaches, rising incidence rates, investment in research and development, patient-centric care, healthcare policy changes. Major trends in the forecast period include technological advancements, increasing demand for minimally invasive procedures, rising incidence of anal fissures, focus on patient-centric approaches, globalization and market expansion.
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Segmentation & Regional Insights
The anal fissure treatment market covered in this report is segmented –
1) By Type: Topical Nitroglycerin, Calcium Channel Blockers, Stool Softeners, Other Types
2) By Route of Administration: Topical, Oral
3) By Application: Clinics, Hospitals, Other Applications
North America was the largest region in the anal fissure treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the anal fissure treatment market report during the forecast period. The regions covered in the anal fissure treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increasing elderly population and unhealthy lifestyles are expected to propel the anal fissure treatment market going forward. The elderly population, defined as those 65 and older, is computed as the ratio of the total population to the total elderly and juvenile populations. An unhealthy lifestyle is one in which a person practices behaviors that are harmful to their health. The increasing elderly population and unhealthy lifestyle will result in thinning and tearing of the internal sphincter because of age and poor diet, requiring anal fissure treatment. For instance, in October 2022, according to a report published by the World Health Organization (WHO), a Switzerland-based agency responsible for international public health, one in six people is expected to be 60 or older by the year 2030, in the entire world. By 2050, there will be 2.1 billion people worldwide who are 60 years old or older. Therefore, the increasing elderly population and unhealthy lifestyle are driving the anal fissure treatment market.
Key Industry Players
Major companies operating in the anal fissure treatment market are developing innovative products such as anal fissure topical treatments to meet larger customer bases, more sales, and increase revenue. Anal fissure topical treatment refers to the use of medications or ointments that are applied directly to the affected area of an anal fissure. For instance, in July 2023, Acrux Limited, an Australia-based pharmaceutical company, announced the United States Food and Drug Administration (FDA) approval for review of Nitroglycerin Ointment, 0.4%. Nitroglycerin Ointment, 0.4%, stands out for its application in treating moderate to severe pain linked to chronic anal fissures, addressing the discomfort associated with a tear in the anus lining. The company places a primary emphasis on advancing later-stage projects poised for imminent commercialization, while concurrently making strides in the development of earlier-stage products, ensuring a well-rounded and diverse product pipeline.
The anal fissure treatment market report table of contents includes:
1. Executive Summary
2. Anal Fissure Treatment Market Characteristics
3. Anal Fissure Treatment Market Trends And Strategies
4. Anal Fissure Treatment Market – Macro Economic Scenario
5. Global Anal Fissure Treatment Market Size and Growth
…………………..
31. Global Anal Fissure Treatment Market Competitive Benchmarking
32. Global Anal Fissure Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Anal Fissure Treatment Market
34. Anal Fissure Treatment Market Future Outlook and Potential Analysis
35. Appendix
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