Market Highlights:
Thoracic outlet syndrome is the compression of the neurovascular structures caused due to weight lifting, tumors in the chest, bone abnormalities, trauma, and others.
A number of factors such as rising cases of road traffic injuries, increasing cases of anatomical defects, high unmet needs of current treatment, and surge in the research and development expenditure, improvement in reimbursement policies are propelling the growth of the global thoracic outlet syndrome market.
However, difficult diagnosis, lack of infrastructure in the middle and low-income countries, and side effects associated with the drugs may hamper the growth of the market over the review period.
It is estimated that thoracic outlet syndrome market is expected to grow at a CAGR 7.0% during the forecast period of 2017-2023.
Competitive Landscape: Thoracic Outlet Syndrome Market
MRFR listed some of the major companies in the global market for thoracic outlet syndrome. These companies are Bayer AG, Abbott Laboratories, Bristol-Myers Squibb, Boehringer Ingelheim, Daiichi Sankyo, Johnson & Johnson Services, Inc., Endo Pharmaceuticals, Inc., Orient Pharma Co., Ltd., Mallinckrodt plc., Vertical Pharmaceuticals LLC, Sanofi, Par Sterile Products, LLC., Upsher Smith Laboratories, Inc., SteriMax Inc., and others.
Segmentation: Thoracic Outlet Syndrome Market
Thoracic Outlet Syndrome Treatment Market Application, upon segmentation, reveals treatment, diagnosis, type, and end-user. MRFR has covered several market possibilities to gain a better view of the market potentials and various factorial details that can impact the market growth.
By type, the market report on the thoracic outlet syndrome includes venous thoracic outlet syndrome, neurogenic thoracic outlet syndrome, and arterial thoracic outlet syndrome.
By diagnosis, the market study on the thoracic outlet syndrome covers vascular studies, nerve conduction studies, cervical spine X-rays, chest X-ray, magnetic resonance imaging (MRI), computed tomography (CT) scan, and magnetic resonance imaging is possible with arteriogram/venogram, angiography (MRA), and blood tests.
By treatment, the market report includes physical therapy, medications, surgery, and others. The medications segment has better market coverage of muscle relaxant, anticoagulant medications, thrombolytic medications, and others.
By end-user, the market study of thoracic outlet syndrome can be segmented into diagnostic centers, hospital & clinics, drug pharmacies, academic & research institutes, and others.
Regional Analysis: Thoracic Outlet Syndrome Market
The Americas has the scope to maintain their dominance over the market in the coming years as several countries from the region are expected to promote the growth of the market. This is possible due to people getting aware of the disease and therapeutic process. Also, the regional expenditure capacity is quite high, especially in countries like the US and Canada. Other countries like Mexico, Brazil, and Argentina can also influence better thoracic outlet syndrome market growth.
Europe’s strength lies in the support it receives from its government for research and development programs. Simultaneously, investments are getting in for innovations, better marketing strategies, and others. The regional reimbursement policy is also playing a major part in bringing a lot of companies closer.
The Asia Pacific region can be defined as the potential fastest growing region. This is mostly getting traction from the huge patient pool, better inclusion of technologies, possibilities to explore better expenditure scopes for research & development sector, and others.
The Middle East & Africa (MEA) market can record a meager growth as the African region may face a slump due to poorly performing economies.
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