World “Osteomyelitis Market” Exhibiting Splendid Growth in Future by 2023

Posted December 5, 2019 by diksha3847

The Global Osteomyelitis Market is segmented on the basis of pathogenesis, diagnosis and treatment, and end-user.

Major Vendors Mentioned in Osteomyelitis Market:

Allergan Plc (Republic of Ireland) CrystalGenomics Inc (South Korea), Debiopharm International SA (Lausanne), Motif Bio Plc (London), Nabriva Therapeutics AG (Dublin), Vyome Biosciences Pvt Ltd (India), F. Hoffmann-La Roche AG (Switzerland), Koninklijke Philips N.V. (Netherlands), General Healthcare (U.S.), Siemens AG (Germany), Toshiba Corporation (Japan), Shimadzu Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Neusoft Medical Systems Co., Ltd. (China), Medtronic plc (Ireland), Shenzhen Anke High-tech Co., Ltd. (Hong Kong), and others.

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Osteomyelitis Market Highlights

The Global Osteomyelitis Market is segmented on the basis of pathogenesis, diagnosis and treatment, and end-user. The increasing prevalence of osteomyelitis, growing child population, and growing cases of diabetes are estimated to drive the market during the forecast period. However, factors such as the limited availability of treatments, risks associated with surgery, and low healthcare expenditure in the middle and low-income countries are estimated to restraint the market growth, during the forecast period.

The market for osteomyelitis is segmented by pathogenesis which is sub-segmented into trauma, contiguous spread, and others. By diagnosis, the market is categorized into physical examination, blood tests, imaging tests, bone biopsy, and others. The blood tests segment is sub-segmented into Complete Blood Count (CBC), Erythrocyte Sedimentation Rate (ESR), and C-Reactive Protein (CRP).

The imaging segment is sub-segmented into X-rays, Computerized Tomography (CT) scan, and Magnetic Resonance Imaging (MRI). By treatment, the market is segmented into antibiotics and surgery. The antibiotics segment is sub-segmented into ceftriaxone, nafcillin, ceftazidime, and others. By end-user, the market is segmented into hospitals and clinics, research organizations, diagnostic diseases, and others.

The Global Osteomyelitis Market Regional Analysis:

The Americas dominates the global market for osteomyelitis owing to the huge patient population and increasing healthcare expenditure. As per a study published in the International Journal of Biological Sciences in 2015, diabetic patients have higher risks for osteomyelitis. According to the Centers for Disease Control and Prevention in 2017, approximately 30.3 million people, accounting for ~9.4% of the total U.S. population were estimated to suffer from diabetes within the U.S. in 2015.

In 2017, it was estimated that Europe stood second in the global osteomyelitis market. Factors such as the increasing prevalence of osteomyelitis, the presence of developed healthcare industry, and rising government support provide favorable backgrounds for the market to grow. According to the Office for National Statistics in 2015, the government-financed healthcare expenditure accounted for 79.5% of the total spending on healthcare. The government support is estimated to drive the market by enabling the patients’ reach for expensive surgeries.

Asia Pacific was estimated to be the fastest growing region for the global osteomyelitis market in 2017. According to the Indian Brand Equity Foundation in 2017, medical tourism in India is likely to reach a whopping USD 9 billion by 2020 from USD 3 billion in 2015. This increasing medical tourism boosts the Asia Pacific market for osteomyelitis. Moreover, the increasing prevalence of diabetes and an expanding healthcare sector within the region fuel the market within the region.

On the other hand, the Middle East and Africa holds the least share in the global osteomyelitis market. The presence of poor economies, stringent government policies, and low per capita income, especially within the African region make the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East due to the presence of developed economies such as Kuwait, Qatar, Dubai, and others.

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Last Updated December 5, 2019