iCrowdNewswire   Jan 25, 2021  8:00 AM ET

Costochondritis is the most common rib inflammatory disease. It is a condition when there is temporary chest pain. Costochondritis can be caused due to repeated exercise and result in chest pain.

The costochondritis market is expected to witness tremendous growth owing to the rising prevalence of various cardiovascular diseases, car accidents, and certain respiratory conditions, such as syphilis. It can also be caused due to tuberculosis or virus infections that can cause some inflammation, and rising hypertension cases as well.

Other key factors such as the change to a sedentary lifestyle and inflammatory heart diseases are contributing towards the growth of the market. According to the guidelines of the Public Health England January 2017, it has been projected that hypertension would be affecting more than 1.5 billion people around the world by 2025. Such an incidence rate of hypertension promotes market growth.

Regional Analysis

The Americas is the largest in the market owing to the increasing prevalence of rheumatic heart disorders, increasing tuberculosis cases, and growing healthcare expenditure. According to the Centers for Disease Control and Prevention (CDC), September 2018, 9,272 cases of tuberculosis cases were reported in the US in 2016. Such a high incidence rate of tuberculosis cases drives the market growth in this region.

Europe (UK, Belgium, France, and the Netherlands) is expected to be the second-largest costochondritis market during the forecast period. The increasing occurrence of infective endocarditis and hypertensive heart diseases drives the market in this region.

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According, to the Public Health England January 2017, around 2.1 million population under the age of 45 had high blood pressure (HBP) in England in 2015 and is expected to increase in coming years. Thus, the growing cases of high blood pressure facilitate market growth.

Key Players

Some of the key players in the global costochondritis market are KemPharm, GlaxoSmithKline plc, Biovail Corporation, Aurobindo Pharma, Pfizer Inc., Recro Pharma Inc., LUPIN, Bausch Health Companies Inc., Avenue Therapeutics, and others.

Segmentation

The global costochondritis market is segmented on the basis of diagnosis, treatment, and end-user. The costochondritis market, by diagnosis, is categorized into various tests. The test is sub-segmented into echocardiogram, electrocardiogram, stress tests, cardiac catheterization, chest X-ray, cardiac MRI, and CT scan. On the basis of treatment, the market is segmented into medications, therapy, and surgery.

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The medications treatment is further sub-segmented into nonsteroidal anti-inflammatory drugs, narcotics, antidepressants, and anti-seizure drugs. Therapy is sub-segmented into stretching exercises and nerve stimulation. On the basis of end-user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic centers, research centers, and others.

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Keywords:    Costochondritis Market, Costochondritis Market Size, Costochondritis, Costochondritis Market Share, Costochondritis Market Growth, Costochondritis Market Trends, Costochondritis Market Analysis