Hyderabad, Telengana -- (SBWIRE) -- 02/16/2023 -- Market Dynamics

The market for cholecystitis treatment has grown significantly over the last decade, owing to the increasing cases of gallstones and improved treatments practices. Furthermore, an increase in healthcare expenditure.

Increasing prevalence of gallbladder will drive the market growth

Global geriatric population growth, as well as an increase in gallstones cases, are only a few examples. The number and proportion of people aged 60 and up are growing. In 2019, there were one billion persons aged 60 and beyond. This figure is expected to rise to 1.4 billion by 2030 and 2.1 billion by 2050. This rise is occurring at an unprecedented rate, and it is likely to intensify in the future decades, particularly in emerging countries.

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Moreover increasing prevalence of gallstones ,more than 85 percent of gallstones in developed countries are cholesterol stones. Gallstones affect around 20 million people in the United States (15 percent of the population). According to the Third National Health and Nutrition Examination Survey (NHANES III), Mexican-Americans have a higher prevalence than non-Hispanic whites, and non-Hispanic blacks have a lower prevalence. American Indians (particularly the Pima tribe of Arizona) had an unusually high incidence. Ultrasound studies in Europe revealed a prevalence of 9 - 21% and an incidence of 0.63/100 people per year.These factors are likely to boost the cholecystitis treatment market.

COVID-19 Impact Analysis

Pharmaceutical and biotech companies are helping governments worldwide to tackle the COVID-19 outbreak, from vaccine development to pharmaceutical supply chain planning. In the R&D pipeline, about 115 vaccine candidates and 155 chemicals are currently being developed. Furthermore, commonly used drugs, such as hydroxychloroquine, have seen a significant surge in demand for COVID-19 treatment. Manufacturers of COVID-19 management medications have a lot of opportunities due to the great need for these treatments, as many wealthy countries are running out of them. The pharmaceutical and biotechnology sectors are expected to grow dramatically due to increased demand for COVID-19 vaccines and treatment drugs. Manufacturers of COVID-19 management medications have a lot of opportunities due to the great demand for these treatments, as many wealthy countries are running out of them. The pharmaceutical and biotechnology sectors are expected to grow dramatically due to increased demand for COVID-19 vaccines and treatment drugs. As a result, the global cholecystitis treatment market has been severely damaged.

Segment Analysis

The tumor segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)

The cause segment is divided into gallstones, tumor, bile duct blockage ,infection,blood vesel problems.Tumor segment is expected to grow during the forecast period. A tumor is a solid mass of tissue formed when aberrant cells congregate. Tumors can damage the bones, the skin, the tissue, the organs, and the glands. Many benign tumors are not cancerous. However, they may still require therapy. Cancerous or malignant tumors can be fatal and necessitate cancer therapy. According to National Cancer Institute, the annual rate of new cancer cases (cancer incidence) is 442.4 per 100,000 men and women (from 2013 to 2017).Based on 2013–2017 deaths, the cancer death rate (cancer mortality) is 158.3 per 100,000 men and women per year.

Geographical Analysis

North America region holds the largest market share of the global cholecystitis treatment market

North America is expected to rise in the forecast period. According to studies, roughly 10-20 percent of Americans suffer with gallstones, which cause cholecystitis, hence the market for cholecystitis therapy is predicted to increase fast. Furthermore, market growth is fueled by rising awareness of disease symptoms as well as the presence of pipeline medications. Furthermore, market expansion is possible due to technology advancements in disease diagnostics and rising healthcare expenses.

North American region is developing novel treatment. Furthermore, rising death rates increased patient awareness of the availability of cholecystitis treatment. Advanced healthcare infrastructure is expected to drive the growth of the cholecystitis treatment market in North America.

Competitive Landscape

The cholecystitis treatment market is a highly competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Boston Scientific, Dornier MedTech GmbH, Fresenius Kabi, AuroMedics Pharmaceuticals, Sanofi, SUNUET Pharmaceuticals, Hetero Healthcare Limited, Takeda Pharmaceutical, Gilead Sciences Inc, Novartis, among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the cholecystitis treatment market globally. For instance, In March 2019, Dornier MedTech introduces Dornier OptiVision, a next-generation digital image processing technology for stone treatment and everyday endourology.

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