Gallbladder treatment play an important role in providing relief from gallbladder disease such as biliary colic, cholecystitis, gallstones, pancreatitis, and ascending cholangitis. Gallbladder refer to the small organ below the liver in the upper right abdomen. According to the American College of Gastroenterology, Gallstones occur around 20% of Americans women before the age of 60 years, whereas women between the ages of 20 and 60 years are three times more likely to develop gallstones than men.
The global gallbladder treatments market is growing with a swift phase; mainly due to increase in patient population and research and development done by market players to fill the gap of market. According to world cancer research fund international, the countries with the highest gallbladder cases in the world are Chile followed by Bolivia and the Republic of Korea. Increase in incidence of gall bladder cancer, rising number of screening, increased reimbursement and insurance penetration will drag the interest of biopharmaceutical researchers for developing effective drugs for the treatment.
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Companies are continuously engaged in merger and acquisition activities for the development of best treatment for gallbladder diseases. In this regard, Boston scientific corporation, in 2016 acquired resectr tissue resection device from Distal Access, LLC which is used for treatment of uterine polyps. the resectr device will improve and expand the urology and pelvic health business and minimally invasive solutions for gynecologic surgery by the company. Also in 2017, koninklijke philips N.V. received FDA 510(k) clearance to market its ElastQ Imaging shear wave elastography for non-invasive assessment of tissue stiffness of the liver. ElastQ Imaging enables simultaneous imaging of tissue and assessment of its stiffness, which is essential for the diagnosis of various liver conditions. Using shear wave elastography to focus sound waves to assess soft tissue stiffness. Demand of new treatment to be applied in healthcare, emerging trends in gallbladder treatment and development of minimal invasive surgical procedures drive the growth of this market.
In 2017, Becton Dickinson and company acquire Bard for $24 billion. The deal is expected to Deal immediately accretive and expected to generate high single-digit accretion to adjusted EPS in fiscal year 2019 to Becton Dickinson .B, Companies are continuously invent new products and technology to capture the maximum share of global market. Thus major players invest more in research and development activity, in order to lead the global market
Boston Scientific Corporation (U.S.), Intuitive Surgical Inc. (U.S.), C. R. Bard, Inc. (U.S.), Dornier MedTech GmbH (Germany), Koninklijke Philips N.V. (the Netherlands), B. Braun Melsungen AG (Germany), Sanofi S.A. (France) are some of the leading players at the cutting edge of the competition in the market of gallbladder treatment, globally.
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Global Gallbladder Treatment Market – Regional Analysis
The market of gallbladder treatment is much higher in the Americas region owing to presence of huge population which are suffering from gallbladder disease such as biliary colic, cholecystitis, gallstones, pancreatitis, and ascending cholangitis. According to National Center for Biotechnology Information, U.S. National Library of Medicine on an average surgery costs $1582.70 more per patient than conservative management, but was found to be more effective. Thus the high effectiveness of cholecystectomy has restrained the drug market for gall bladder treatment.
Europe hold the second position in global gallbladder treatment market, owing to present of well-developed healthcare structure and awareness of healthcare. Government are more focusing on research and development to introduce new treatment for their citizen.
Asia Pacific region is consider one of the big market. Whereas country like India and china have high potential of generating business for market players owing to the fastest growing economy, additionally most of the countries of this region have common lifestyle and economic conditions. Government of developing countries within this region are more focusing towards new technology and advance treatment option, thus more research and development programs are initiated for the development of new drugs. Also countries of this region are open to adopt new technology, and best treatment option from developed countries in order to improve the quality of life for their citizen. According to Mayo clinic about 95 percent of gallbladder polyps are benign but they can be cancerous.
The Middle East and Africa are low market due to his incapability of investment. Most of the countries from this region are belong from low economy, and have very slow growth.
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