Cholangitis Market Size is Forecast to Reach $332.01 million by 2025


Posted August 7, 2020 by Blessy_Joy

Adoption of Advanced Treatment Methods Like Intravenous Therapy in Major Nations is Likely to Enhance the Overall Cholangitis Market Demand During the Forecast Period 2020-2025.

 
Cholangitis Market size is forecast to reach $332.01Million by 2025, growing at a CAGR of 4.8% during the forecast period 2020-2025. Growing prevalence of cholangitis and bile duct disorders among the geriatric population are major factors driving the growth of the market. Increasing health awareness among people, state- funded policies for treatment of cholangitis and adoption of advanced treatment methods like intravenous therapy in major nations is likely to further enhance the overall Cholangitis Market demand during the forecast period 2020-2025. Cholangitis Market Industry Analysis is based on disease type, application, and geography.

Key Takeaways
North America region dominates the Cholangitis Market owing to the increasing prevalence of the geriatric population along with increasing healthcare awareness. The Cholangitis Market scope for different regions will be provided in the final report.

Shifting lifestyle, increasing awareness about health and increasing disease prevalence among the aged population has helped in significant growth of the Cholangitis Market. Growing prevalence of related diseases like ascending cholangitis for people among people above sixty years is likely to aid in the market growth of Cholangitis.

Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Cholangitis Market report.

Increasing expenses of treatment and lack of a proper diagnostic process of Cholangitis will create hurdles for the Cholangitis Market.

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Geography - Segment Analysis
North America dominates the Cholangitis Market in 2019, with a share of more than 43%, followed by Europe. Increasing geriatric population along with increasing healthcare awareness and the good state funded regulations have fuelled the Cholangitis market growth in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to the developing countries like China and India anticipation to see reasonable cholangitis cases in face of gallstones disorders and pancreatic cancer, which are further set to drive the demand for gallbladder treatment.

Drivers – Cholangitis Market

Increasing awareness about health
Cholangitis occurs with a wide range of severity, from low fever to severe sepsis and shock with frank pus within the biliary tree, which is also known as acute suppurative cholangitis. The reported mortality rate for acute suppurative cholangitis was as high as 88% in 2018. Mortality rate ranges from 5-10%, with a higher mortality rate in patients who require emergency decompression or surgery. As such, people tend to consult health departments on getting the preliminary symptoms. These are forecast to drive the Cholangitis Market trends in the forecast period.

Shifting lifestyle
Cholangitis occurs if a person has a history of gallstones, sclerosing cholangitis, HIV (human immunodeficiency virus) or an abnormally narrow bile duct, which can be congenital. In most cases, it is usually found that the unhealthy lifestyle and consumption of bad food coupled with pollution increases the cases of cholangitis case thus set to impact the market growth.

Cholangitis Market Outlook: Cholangitis Market top 10 companies are Gilead Sciences, RiemserArzneimittel AG, Bayer AG, Zambon Company S.p.A., Taiho Pharmaceutical Co., Ltd., Mayo Clinic, NGM Biopharmaceuticals, Intercept Pharmaceuticals, Inc., HighTide Therapeutics Inc. and Acorda Therapeutics, Inc. among others.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business , Health , Medical
Tags cholangitis market , cholangitis market growth , cholangitis market share , cholangitis market size
Last Updated August 7, 2020