PUBLISHER: The Business Research Company | PRODUCT CODE: 1556193
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556193
Appendicitis treatment involves managing inflammation of the appendix, typically through an appendectomy-a surgical procedure to remove the inflamed appendix, usually performed urgently to prevent rupture. In some instances, antibiotics may be used to treat or manage the condition prior to or in place of surgery.
The main types of appendicitis treatment are acute and chronic appendicitis. Acute appendicitis is a sudden inflammation of the appendix, a small pouch connected to the large intestine, characterized by severe abdominal pain, nausea, and fever. It often requires immediate surgical intervention. Treatment options include surgery, laparoscopic surgery, open laparotomy, and medication, which can be administered orally or parenterally. The primary end users of these treatments are hospitals, ambulatory surgical centers, specialty clinics, and other medical facilities.
The appendicitis treatment market research report is one of a series of new reports from The Business Research Company that provides appendicitis treatment market statistics, including appendicitis treatment industry global market size, regional shares, competitors with an appendicitis treatment market share, detailed appendicitis treatment market segments, market trends and opportunities, and any further data you may need to thrive in the appendicitis treatment industry. This appendicitis treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The appendicitis treatment market size has grown strongly in recent years. It will grow from $3.84 billion in 2023 to $4.10 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period can be attributed to the rising incidence of pediatric appendicitis, widespread use of antibiotics for treating the condition, an aging population, increasing sedentary lifestyles, and favorable reimbursement policies.
The appendicitis treatment market size is expected to see strong growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth during the forecast period is expected to be driven by a greater emphasis on timely diagnosis, increased research and development activities, a rising incidence of obesity, the availability of effective medications, and a growing number of ambulatory surgical centers. Key trends for this period include advancements in minimally invasive surgical techniques, enhanced diagnostic imaging technologies, the incorporation of artificial intelligence and machine learning in diagnostic decision support systems, the development of new antibiotics, and innovations in surgical stapling and suturing devices.
The increasing prevalence of lifestyle-related conditions is projected to drive growth in the appendicitis treatment market. This rise in lifestyle-related diseases is largely due to factors such as increased sedentary behavior, poor dietary habits, and elevated stress levels. These lifestyle factors, including diet and physical inactivity, may impact gut health and elevate the risk of inflammation, potentially leading to appendicitis. Diets low in fiber and high in processed foods can disrupt the digestive system and increase susceptibility to appendicitis. For example, in March 2024, the World Health Organization reported that approximately 1 in 8 people globally were affected by obesity. This includes 2.5 billion adults aged 18 and older, with 890 million living with obesity. Additionally, 37 million children under 5 and over 390 million children and adolescents aged 5-19 were overweight in 2022. Consequently, the growing prevalence of lifestyle-related conditions is fueling the growth of the appendicitis treatment market.
Key players in the appendicitis treatment market are focusing on developing advanced technologies such as artificial intelligence (AI)-integrated live-stream surgical technology to enhance surgical precision and patient outcomes. AI-integrated live-stream surgical technology involves using AI to improve surgical procedures by incorporating real-time video streaming capabilities. For instance, in April 2024, Medtronic plc, a medical device company based in Ireland, introduced new AI-driven algorithms and live streaming technology. This innovation enhances the touch surgery performance insights platform by offering detailed surgical insights and enabling secure live broadcasts of procedures. These advancements aim to improve appendicitis treatment by optimizing surgical techniques, expediting training for surgeons, and expanding access to expert guidance, leading to better outcomes and wider availability of high-quality care.
In October 2021, Sandoz Group AG, a pharmaceutical company based in Switzerland, acquired GlaxoSmithKline's cephalosporin antibiotic business for an undisclosed amount. This acquisition gives Sandoz control over three established brands-Zinnat, Zinacef, and Fortum-across more than 100 markets, thereby reinforcing its leading global position in the antibiotics sector. GlaxoSmithKline plc, a UK-based company, manufactures cephalosporin antibiotics used in treating appendicitis.
Major companies operating in the appendicitis treatment market are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co Inc, AbbVie Inc., Sanofi Inc., AstraZeneca Inc, Novartis AG, Medtronic Plc, Eli Lilly and Company, Stryker Corporation, Teva Pharmaceutical Industries Ltd, Baxter International Inc, Boston Scientific Corporation, B. Braun Melsungen, Olympus Corporation, Smith & Nephew Plc, Perrigo Company, Cipla Inc., Cook Medical, Integra LifeSciences, Teligent Inc.
North America was the largest region in the appendicitis treatment market in 2023. The regions covered in the appendicitis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the appendicitis treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The appendicitis treatment market consists of revenues earned by entities by providing services such as emergency medical services, diagnostic imaging, laboratory testing, postoperative care, pain management, and follow-up consultations. The market value includes the value of related goods sold by the service provider or included within the service offering. The appendicitis treatment market also includes sales of appendectomy kits, laparoscopic surgery equipment and pain relievers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Appendicitis Treatment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on appendicitis treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for appendicitis treatment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The appendicitis treatment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.