Acute Pancreatitis Market Size, Trends, Growth Factors, and Regional Outlook To 2030
The Acute Pancreatitis Market Size was valued at USD 5.5 billion in 2022 and is projected to grow from USD 5.8 Billion in 2023 to USD 8.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2023 - 2030). The increasing occurrence of this severely painful condition is expected to be a key driver of growth for the market.
Although there have been advancements in the development of
effective treatment options for the disease, there is still a significant
mortality rate of 10% which has fueled the demand for better diagnostic and
treatment options. Developed and developing economies have been found to have a
higher occurrence of acute pancreatitis due to the prevalence of heavy alcohol
consumption and unhealthy lifestyles which cause gallstones. Urbanization,
growing healthcare sector and growing consumption of alcohol are expected to
drive market growth during the forecast period.
Difficulty in the diagnosis of the disease due to the
relative inaccessibility of the organ is a crucial challenge for the market.
However, the demand for appropriately effective diagnostic and treatment
options is expected to prompt more in-depth research and development of the
same, thus facilitating growth and opening new avenues for opportunities in the
next few years.
Market Segmentation
Segmentation of the global acute
pancreatitis market insights has been performed by types of testing, types
of treatment, types of therapy and region.
By types of testing, the market has been segmented to include
Magnetic
resonance cholangiopancreatography (MRCP), Computerized tomography (CT),
transabdominal ultrasound, Endoscopic ultrasound (EUS), and others.
By types of treatment, the market has been divided into
treatment of underlying issues, nutritional support, fluids, Endoscopic
Retrograde Cholangiopancreatography (ERCP) and others.
By types of therapy, the market has been segmented to
include massage therapy, therapeutic touch, acupuncture, and others.
By region, the global market has been divided into North
America, Europe, the Asia-Pacific and the Middle East and Africa.
Regional Analysis
North America, with its dominating share, is expected to
fuel growth for the market due to the growing incidence of acute pancreatitis
and high demand for effective treatment options for the same. The region boasts
a strong healthcare sector with growing expenditure on research for the
development of appropriate treatment measures, thus fostering market
growth.
Europe closely follows with the second most significant
market share. This can be attributed to the widespread occurrence of the
disease in the region. Many developed countries of the region are seeing
growing diagnoses of the condition due to gallstones, while the developing
economies in the region with a reputation for high alcohol consumption are
responsible for increased incidences of acute pancreatitis in the region.
The Asia Pacific has a vast patient population which has
rising disposable incomes in its emerging economies thus fueling demand for
modern treatment options. Moreover, there is growing investment in healthcare
in this region which facilitates growth further.
The Middle East and Africa are expected to show limited
growth, with the low development of the medical sector in the underdeveloped
countries of Africa. Growth in the region is likely to be witnessed in the
Middle East and North African region where there is sufficient development of
the healthcare sector.
Key Players
Competitive analysis in MRFR's report on the global acute
pancreatitis market includes prominent market leaders such as Abbott
Laboratories, Sun BioPharma Inc., McNeil Consumer Healthcare and others.
Additionally, the report contains an analysis of contributions made by
universities to the market and its growth including universities such as
University Medicine Greifswald, and Radboud University among others.
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