Market Insights
Gall bladder diseases afflict a significant number of people on a regular basis. In 2013 more than 100 million people were diagnosed with gallbladder and related diseases which resulted in more than 100,000 deaths. The gall bladder is a vital organ that stores bile produced by the liver and pass it along a duct which then empties into the small intestine. Market Research Future has dedicated valuable resources to the research of the global gall bladder treatment market. Calculation regarding market growth reveals a CAGR of 6.5% during the forecast period between 2017 and 2023. The market is expected to reach an evaluation of USD 27,121.5 Mn by the end of 2023.
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The biggest driver of the gall bladder treatment market is the increasing prevalence of gall bladder diseases caused primarily by a sedentary lifestyle and/or poor lifestyle habits. Aggressive alcohol abuse or poor eating habits are likely to trigger gall bladder diseases. The increasing prevalence of gall bladder disease has resulted in increased awareness with regards to gall bladder diseases and treatment and has driven high demand for effective gall bladder treatment. The adoption of advanced diagnostic has also encouraged the demand for advanced treatment options which are minimally invasive. Moreover, the presence of a large and rapidly growing geriatric population is expected to have a significant impact on the market in a positive manner. Emerging economies are prime regions for the expansion of the market, and they display high opportunity for growth during the forecast period.
Despite healthy growth during the forecast period, the complications and pain associated with gall bladder surgery and recovery, combined with the asymptomatic nature of gallstones will likely slow market growth during the assessment period.
GallBladder Treatment Market Segmentation
The global gall bladder treatment market is segmented on the basis of disease indication, diagnosis, treatment, end-users, and region. On the basis of disease indication the global gall bladder treatment market has been segmented into gallbladder polyps, gallbladder cancer, cholecystitis & biliary colic, gall stone, and cholelithiasis & choledocholithiasis. Gallstones make up 24.5% of the total share of the market making the gallstones segment the largest segment.
Diagnosis has been segmented into computerized tomography (CT), ultrasound, blood tests, and cholangiography & hepatobiliary scintigraphy. The ultrasound segment is captured maximum market share. However, the CT segment is projected to witness growth at a CAGR of 7.10% during the review period.
Treatment has been divided between surgery and drugs. Surgery accounts for the most significant share of the market by treatment and is expected to reach a substantial market value by the end of 2023.
End-users include hospitals & gynecology clinics, and academic & research centers.
GallBladder Treatment Market Regional Analysis
The market of gallbladder treatment is much higher in the Americas region owing to presence of huge population which are suffering from gallbladder disease such as biliary colic, cholecystitis, gallstones, pancreatitis, and ascending cholangitis. According to National Center for Biotechnology Information, U.S. National Library of Medicine on an average surgery costs $1582.70 more per patient than conservative management, but was found to be more effective. Thus the high effectiveness of cholecystectomy has restrained the drug market for gall bladder treatment.
Europe hold the second position in global gallbladder treatment market, owing to present of well-developed healthcare structure and awareness of healthcare. Government are more focusing on research and development to introduce new treatment for their citizen.
Asia Pacific region is consider one of the big market. Whereas country like India and china have high potential of generating business for market players owing to the fastest growing economy, additionally most of the countries of this region have common lifestyle and economic conditions. Government of developing countries within this region are more focusing towards new technology and advance treatment option, thus more research and development programs are initiated for the development of new drugs. Also countries of this region are open to adopt new technology, and best treatment option from developed countries in order to improve the quality of life for their citizen. According to Mayo clinic about 95 percent of gallbladder polyps are benign but they can be cancerous.
The Middle East and Africa are low market due to his incapability of investment. Most of the countries from this region are belong from low economy, and have very slow growth.
GallBladder Treatment Market Key Players
Dornier MedTech, Boston Scientific Corporation, B. Braun Melsungen AG, Sanofi, Intuitive Surgical, Koninklijke Philips N.V., C. R. Bard, Inc. and others have been identified and included in MRFR's analysis of the competition in the global gall bladder treatment market.
List of Figures
FIGURE 1 GLOBAL GALL BLADDER TREATMENT MARKET BY DISEASE INDICATION MARKET SHARE 2020 (%) 14
FIGURE 2 GLOBAL GALL BLADDER TREATMENT MARKET BY DIAGNOSIS MARKET SHARE 2020 (%) 15
FIGURE 3 GLOBAL GALL BLADDER TREATMENT MARKET BY TREATMENT MARKET SHARE 2020 (%) 16
FIGURE 4 GLOBAL GALL BLADDER TREATMENT MARKET BY END USERS MARKET SHARE 2020 (%) 17
FIGURE 5 GLOBAL GALL BLADDER TREATMENT MARKET BY REGION MARKET SHARE 2020 (%) 18
FIGURE 6 GLOBAL GALLBLADDER TREATMENT MARKET: MARKET STRUCTURE 20
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