Market Highlights:
Appendicitis is a medical condition involving the inflammation of appendix, a small tube at the end for the intestine. It is can be diagnosed by physical examination, and imaging tests such as CT scan, ultrasound, X-ray, and others. Antibiotics and surgery are commonly used for the treatment of appendicitis.
The global appendicitis market is expected to exhibit moderate growth during the forecast period. Technological advancement governs the global appendicitis market. Additionally, increasing prevalence of acute and chronic appendicitis, and increasing emphasis on early diagnosis of the disease also support the progress of the market.
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The market for appendicitis is expected to grow at a CAGR of 4.2%.
Major players in Appendicitis market:
There are plenty of large and small market players which operate in this market: Siemens (U.S.), General Electric Company (U.S.), Toshiba Medical Systems Corporation (Japan), Koninklijke Philips N.V. (Japan), Johnson & Johnson Services Inc. (U.S.), Pfizer (U.S.), Shionogi & Co., Ltd. (Japan), and others.
Segmentation:
The global appendicitis market is segmented on the basis of type, diagnosis, treatment, and end user.
On the basis of type, the market is segmented into acute, and chronic appendicitis.
On the basis of diagnosis, the market is segmented into physical examination, White Blood Cell count, urinalysis, and imaging test. Imaging Test is further segmented into abdominal X-ray, ultrasonography, CT scan, laparoscopy, and others
On the basis of treatment, the market is segmented antibiotics, appendectomy, and others.
On the basis of end user, the market is segmented into hospitals & clinics, diagnostic centers, and others.
Regional Analysis:
In America, the market is expected to grow at an exponential rate owing to various factors such as such extensive used of technologically advanced diagnostics devices such as CT scan, and availability of advanced surgical devices in tertiary care centers. North America is the largest market driven by rising prevalence of chronic diseases, and increasing awareness about available treatment options for appendicitis among the population. Healthcare expenditure in the U.S. has increased from last few years, which will lead to extensive growth of medical device industry, thus accelerating the market growth.
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In Europe, Germany, France, and U.K are the largest contributors to the growth of the market. The market is mainly governed by the increasing number of medical device companies in the European region. Additionally, pharmaceutical companies have also shown a significant growth from last few years, which will further contribute to the market growth.
Asia Pacific is expected to be the fastest growing market due to splendid growth of healthcare sector, and rise in healthcare expenditure in developing countries such as India, and increasing awareness about imaging technologies, and treatment options for chronic diseases.
The Middle East & Africa exhibit positive growth in the market.
Taste the market data and market information presented through more than 64 market data tables and figures spread over 86 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Appendicitis Market Research Report–Global Forecast to 2023.”
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