iCrowdNewswire   Jan 27, 2021  2:00 AM ET

The global appendicitis market is growing pervasively mainly due to the availability of much novel treatment and diagnostic procedures. The provision of more critical care services and the addition of super specialty departments and beds have led to an increase in major and minor surgeries.

The Global Appendicitis Market is estimated to be valued at USD 13,026.40 Million by 2024 and is expected to register a CAGR of 4.06% during the forecast period.

The acute segment dominated the global appendicitis market, by type, and is projected to reach USD 9,518.69 Million by 2024 owing to the cost-effectiveness of the product. However, the chronic segment is projected to be the fastest-growing segment during the forecast period.

Technological advancement transpired into medical science is a key driving force pushing up the growth of the market bringing about advanced diagnostic and treatment procedures. Moreover, the increasing emphasis on early diagnosis of the disease defines the market landscape.  Furthermore, the increasing occurrences of appendicitis along with the rising demand for diagnostic and treatment options of appendicitis support the market growth.

Appendicitis Market – Regional Analysis

The North American region, heading with the rising prevalence of acute appendicitis accounts for the leading market for appendicitis treatment.  Factors such as the Presence of major medical device manufacturers, pharmaceutical companies, and well-developed healthcare industry positively impacts the growth of the regional market.

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Technological advancements in the burgeoning healthcare industry are providing new effective drugs for treatments that can give better outcomes, and this is one of the key factors driving the growth of the regional market. Furthermore, the rising awareness about appendicitis and the availability of its treatment, and the availability of emergency diagnostic services foster market growth in the region.

Whereas, the Asia Pacific appendicitis market is growing rapidly, emerging as a promising market, globally owing to the introduction of new & advanced diagnostic options such as CT scan. The rising demand for specialty healthcare services in emerging countries such as India has fuelled the growth of the regional market.

Major Players:

Key players leading the global appendicitis market include General Electric Company (U.S.), Siemens (U.S.), Toshiba Medical Systems Corporation (Japan), Johnson & Johnson Services Inc. (U.S.), Koninklijke Philips N.V. (Japan), Pfizer (U.S.), and Shionogi & Co., Ltd. (Japan) among others.

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Global Appendicitis Market – Segmentations

The MRFR analysis is segmented into five key dynamics for enhanced understanding.

By Type: Acute, And Chronic Appendicitis

By Diagnosis: Physical Examination, White Blood Cell Count, Urinalysis, and Imaging Test among others.

By Treatment: Antibiotics and Appendectomy among others.

By End-user: Hospitals & Clinics, Diagnostic Centers, and others.

By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.

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