Categories: Healthcare

Acute Pancreatitis Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Acute Pancreatitis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Acute Pancreatitis Global Market Report 2024, The acute pancreatitis market size has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to high incidence rates, alcohol consumption patterns, gallstone prevalence, tobacco smoking habits, increasing obesity rates..

The acute pancreatitis market size is expected to see strong growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to aging population trends, awareness and early diagnosis initiatives, genetic predisposition studies, advancements in treatment modalities .. Major trends in the forecast period include focus on nutritional support, patient education and awareness programs, implementation of standardized protocols, exploration of regenerative therapies, continuous monitoring and follow-up..

The increasing prevalence of alcohol consumption is expected to propel the growth of the acute pancreatitis market going forward. Alcohol consumption refers to consuming an ethanol-containing beverage, usually orally. Chronic inflammation and toxic fluid production in the pancreas can both be brought on by alcohol intake. The prevalence of alcohol consumption increases in a population, potentially leading to a higher incidence of acute pancreatitis cases. For instance, in January 2022, according to Rabobank, a Netherland-based multinational banking and financial services company, online alcohol sales from grocery shops more than doubled from an estimated $441 million in 2019 to $1.6 billion in 2021. Further, sales increased by around 15% in 2022 to reach $1.87 billion. Therefore, the increasing prevalence of alcohol consumption is driving the growth of the acute pancreatitis market.

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The acute pancreatitis market covered in this report is segmented –

1) By Cause: Gallstones, Alcohol, Other Causes

2) By Treatment: Intravenous Fluid, Nutritional Support, Analgesics, Endoscopic Retrograde Cholangiopancreatography (ERCP), Other treatments

3) By Diagnosis: Imaging tests, Laboratory Tests

4) By End Users: Hospitals, Clinics, Other End-Users

Technological advancements in diagnosis and treatment are a key trend gaining popularity in the acute pancreatitis market. Major companies operating in the acute pancreatitis market are adopting new technologies such as computed tomography (CT) scans, magnetic resonance imaging (MRI), endoscopic ultrasound (EUS), Endoscopic Retrograde Cholangiopancreatography (ERCP), and interventional radiology to sustain their position in the market. For instance, in September 2021, Samsung Medison Co., Ltd., a South Korea-based manufacturing company of diagnostic ultrasound machines, launched the V8, a high-end ultrasound device that offers improved picture quality, ease of use, and convenience to medical practitioners of all stripes. The “V” in V8 refers to “Versatile,” indicating that the sophisticated features of high-end ultrasound systems intended for certain specialties like radiology, orthopedics, cardiology, and obstetrics have been integrated. Among the many diagnostic aid capabilities of an outstanding ultrasound system for radiology, V8 includes S-Shearwave Imaging, which uses ultrasonic transverse elasticity to offer information on tissue stiffness as a result of illness. S-Fusion, another feature of V8, enables the simultaneous alignment of ultrasonic medical pictures with one or more cross-sectional investigations, including MRIs, which are then quickly rebuilt in the appropriate plane.

The acute pancreatitis market report table of contents includes: