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Global Epidural Abscess Treatment Market Overview 2033 : Forecasted Market Size And Growth Rate
Epidural Abscess Treatment Global Market Report 2024
According to The Business Research Company's, The epidural abscess treatment market size has grown strongly in recent years. It will grow from $38.33 billion in 2023 to $41.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing prevalence of epidural abscesses, high healthcare expenditure, increasing awareness of the disease, growing demand for combination therapies.
The epidural abscess treatment market size is expected to see strong growth in the next few years. It will grow to $52.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing geriatric population, government initiatives, investment in epidural abscess research and development, growing incidence of spinal epidural abscesses. Major trends in the forecast period include innovations in healthcare technology, digital health technologies in epidural abscess care, artificial intelligence (ai) in epidural abscess diagnosis and treatment, affordable epidural abscess treatments.
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Market Drivers and Trends:
The increasing prevalence of neurological disorders is expected to propel the growth of the epidural abscess treatment market going forward. A neurological disorder is a medical condition affecting the nervous system, including the brain, spinal cord and nerves. Common neurological disorders include acute spinal cord injury, Alzheimer's Disease, Amyotrophic Lateral Sclerosis (ALS) and more. Epidural abscess treatment is used for neurological disorders. It involves prompt surgical drainage of the abscess and antibiotic treatment to prevent spinal cord and nerve compression and relieve pressure on the spinal cord and nerves. For instance, in March 2022, according to the Alzheimer's Association, a US-based nonprofit organization, an estimated 6.7 million Americans age 65 and older are living with Alzheimer's in 2023. This number is anticipated to increase to 12.7 million by 2050. Therefore, the increasing prevalence of neurological disorders is driving the growth of the epidural abscess treatment market.
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Major Key Players of the Market:
Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Astellas Pharma, Daiichi Sankyo Company Limited, Boehringer Ingelheim International GmbH, UCB Pharma, Sun Pharmaceutical Industries Limited, Kyowa Hakko Kirin Co. Ltd., Ferring B.V., Hikma Pharmaceuticals PLC, Intas Pharmaceuticals Limited, Alembic Limited, Zydus Lifesciences Ltd., Lupin Limited, Mallinckrodt Pharmaceuticals.
Epidural Abscess Treatment Market 2024 Key Insights:
• The Epidural Abscess Treatment Market is expected to grow to $52.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Rising Prevalence Of Neurological Disorders Drives Growth In The Epidural Abscess Treatment Market
•
• North America was the largest region in the epidural abscess treatment market in 2023. The regions covered in epidural abscess treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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