Press release
Portal Hypertension Management Market Set to Reach $4.23 Billion by 2029 with 6.57% Yearly Growth
Portal Hypertension Management Market Share
The increasing incidence of liver diseases, such as hepatitis, is expected to drive the portal hypertension management market. Liver diseases, caused by factors like alcohol consumption, viral infections, and obesity, can lead to complications like variceal bleeding and ascites. Portal hypertension management seeks to alleviate these issues and improve patient outcomes. According to Cancer Australia, there were 2,905 new cases of liver cancer in 2022, with the risk of developing liver cancer increasing with age. The rising prevalence of liver diseases is consequently propelling the portal hypertension management market.
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What growth opportunities are expected to drive the portal hypertension management market's CAGR through 2034?
The portal hypertension management market has seen strong growth in recent years. It will grow from $3.07 billion in 2024 to $3.28 billion in 2025, at a CAGR of 6.8%. Growth is driven by the rising prevalence of liver diseases, an aging population, awareness campaigns, the economic burden of liver diseases, new drug approvals, and improvements in diagnostic methods.
The portal hypertension management market is expected to grow to $4.23 billion by 2029, at a CAGR of 6.6%. This growth is driven by rising investments in healthcare infrastructure, broader health insurance coverage, favorable regulatory environments, continued research on portal hypertension, and remote monitoring technologies for continuous patient management. Trends include increased adoption of telemedicine, advancements in medical technology, and development of targeted therapies.
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What are the emerging trends shaping the future of the portal hypertension management market?
Companies in the portal hypertension management market are adopting advanced minimally invasive devices to improve treatment outcomes and reduce procedural risks. For instance, in November 2023, Medtronic Plc, a U.S.-based medical device manufacturer, received FDA approval for its Symplicity Spyral renal denervation device. This minimally invasive technology uses radiofrequency energy to target kidney nerves, helping manage hypertension and improve treatment outcomes.
Which growth-oriented segments of the portal hypertension management market are leading the industry's development?
The portal hypertension management market covered in this report is segmented -
1) By Treatment Type: Medications, Non-Surgical Procedures, Surgery
2) By Procedure Type: Transjugular Intrahepatic Portosystemic Shunt (TIPS), Other Procedure Types
3) By End-User: Hospitals, Specialty Clinics, Other End-Users
Subsegments:
1) By Medications: Beta-Blockers, Vasodilators, Diuretics, Antibiotics, Other Medications
2) By Non-Surgical Procedures: Endoscopic Variceal Ligation (EVL), Endoscopic Sclerotherapy, Transjugular Intrahepatic Portosystemic Shunt (TIPS), Balloon Occlusion
3) By Surgery: Liver Transplantation, Portosystemic Shunt Surgery, Surgical Decompression Of Portal Vein, Other Surgical Procedures
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What regions are leading the charge in the portal hypertension management market?
North America was the largest region in the portal hypertension management market in 2023. The regions covered in the portal hypertension management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the portal hypertension management market?
Major companies operating in the portal hypertension management market are Pfizer Inc., AbbVie Inc., Bayer AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, Novartis AG, GlaxoSmithKline plc, Eli Lilly and Company, Amgen Inc., Gilead Sciences Inc., Merck & Co., Boehringer Ingelheim International GmbH, Amneal Pharmaceuticals LLC., Lupin Ltd., Daiichi Sankyo, Dr. Falk Pharma GmbH, Cumberland Pharmaceuticals Inc., Ono Pharmaceutical Co. Ltd., Chiasma Inc., Debiovision Inc.
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What Is Covered In The Portal Hypertension Management Global Market Report?
•Market Size Forecast: Examine the portal hypertension management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the portal hypertension management market for a structured understanding.
•Key Players Overview: Analyze major players in the portal hypertension management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the portal hypertension management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the portal hypertension management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the portal hypertension management market.
•Industry Challenges: Identify potential risks and obstacles affecting the portal hypertension management market.
•Competitive Landscape: Review strategic developments in the portal hypertension management market, including expansions, agreements, and new product launches.
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