July 10, 2020

Appendicitis Market Outlook 2020, Trend Analytics, Expectations and Forecast to 2024

Appendicitis Market – Overview:

The global appendicitis market is growing pervasively mainly due to the availability of many novel treatment and diagnostic procedures. The provision of more critical care services and the addition of super specialty departments and beds have led to an increase in the major and minor surgeries. Moreover, many ongoing researches to discover novel medicines and therapeutics to treat appendicitis have achieved significant progress. These successful discoveries simultaneously, escalate the market on the global platform.

Acknowledging the exponential growth records, the market is posting continually, Market Research Future (MRFR), in its recently published analysis report asserts that the global Appendicitis Market Outlook will witness significant accruals by 2023 registering 4.06% CAGR throughout the forecast period (2019 – 2024). The improving economic conditions worldwide, define the growth that the appendicitis market perceives today, enabling access to the quality of life & to the improved healthcare.

Technological advancement transpired into medical science is a key driving force pushing up the growth of the market bringing about advanced diagnostic and treatment procedures. Moreover, the increasing emphasis on early diagnosis of the disease defines the market landscape.  Furthermore, the increasing occurrences of appendicitis along with the rising demand for diagnostic and treatment options of appendicitis support the market growth.

Also, factors such as the rapidly spreading awareness towards the disorder of appendicitis and the availability of its treatments foster the growth of the market across the globe.  Other factors contributing to the market growth include increasing population, rapid urbanization, and substantial investments in the R&D activities.

On the flip side, factors such as the unmet medical needs and drug resistance restrict market growth, up to some extent. Nevertheless, technological advancements expected to take place soon are expected to support market growth throughout the forecast period, advancing medical devices.

Major Players:

  • General Electric Company
  • Siemens
  • Toshiba Medical Systems Corporation
  • Johnson & Johnson Services Inc
  • Koninklijke Philips N.V.
  • Pfizer
  • Shionogi & Co., Ltd. (Japan) among others.

Global Appendicitis Market – Segmentations:

The MRFR analysis is segmented into five key dynamics for enhanced understanding.

By Type             : Acute, And Chronic Appendicitis

By Diagnosis    : Physical Examination, White Blood Cell Count, Urinalysis, and Imaging Test among others.

By Treatment  : Antibiotics and Appendectomy among others

By End-use       : Hospitals & Clinics, Diagnostic Centers, and others

By Regions                   : North America, Asia Pacific, Europe, and the Rest-of-the-World.

Appendicitis Market - Regional Analysis:

The North American region, heading with the rising prevalence of acute appendicitis accounts for the leading market for appendicitis treatment.  Factors such as the Presence of major medical device manufacturers, pharmaceutical companies, and well-developed healthcare industry positively impacts the growth of the regional market.

Technological advancements in the burgeoning healthcare industry are providing new effective drugs for treatments that can give better outcomes, and this is one of the key factors driving the growth of the regional market. Furthermore, the rising awareness about appendicitis and the availability of its treatment, and availability of emergency diagnostic services foster the market growth in the region.

The appendicitis market in the European region holds the next largest share in the global market, owing to the resurging economy that is availing the best possible healthcare and increasing the healthcare expenditures. Germany, France, and the U.K backed by the increasing demand for the technological advanced diagnostic devices account for the major contributors to the Europe appendicitis market.

The well-developed healthcare sector and the notable pharmaceutical companies that are engaged in R&D activities for the development of new drugs to treat appendicitis are some of the key driving forces behind the growth of the regional market. Additionally, government support is fostering the market growth in the region, encouraging the market players to develop effective therapeutics.

Whereas, the Asia Pacific appendicitis market is growing rapidly, emerging as a promising market, globally owing to the introduction of new & advanced diagnostic options such as CT scan. The rising demand for specialty healthcare services in emerging countries such as India has fuelled the growth of the regional market.

Also, factors such as the ever-increasing population and the integration of advanced technologies in the healthcare sector are propelling the growth of the regional market. Asian countries especially, India and China provide immense growth opportunities for the appendicitis market, accounting for the considerable investment in R&D activities for prognostic treatments and drug formulation.

Industry/Innovation/ Related News:

January 15, 2019 --- A group of scientists from the different universities of Izmir, Turkey including Department of Pediatric Surgery, Izmir Katip Celebi University, and Department of Microbiology, Ataturk Education & Research Hospital, Turkey, published their study on Pentraxin-3, a strong novel biochemical marker for appendicitis in children in the American Journal of Emergency Medicine.

Researchers investigated the diagnostic values of pentraxin-3/PTX-3 in pediatric appendicitis and compared it with the other serum parameters.

In this study, these researchers have shown that PTX-3 is very useful with high specificity and sensitivity in the diagnosis of appendicitis compared to ANS, WBC, NLR, and CRP as a first in the literature.