Press release
Emerging Trends Influencing The Growth Of The Portal Hypertension Management Market: Adoption Minimally Invasive Devices For Portal Hypertension Management
Portal Hypertension Management
How Big Is the Portal Hypertension Management Market Size Expected to Be by 2034?
The portal hypertension management market has grown significantly in recent years. It will increase from $3.07 billion in 2024 to $3.28 billion in 2025, reflecting a CAGR of 6.8%. The growth in previous years has been attributed to the increasing prevalence of liver diseases, the growing geriatric population, awareness and screening programs, the economic burden of liver diseases, new drug and therapy 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%. Growth is attributed to increased investments in healthcare infrastructure, expanded health insurance coverage, favorable regulatory conditions, ongoing research in portal hypertension, and the use of remote monitoring technologies. Major trends include the adoption of telemedicine, advancements in medical technology, personalized medicine, targeted therapies, improved diagnostic methods, and non-invasive imaging technologies like elastography.
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What Are the Emerging Segments Within the Portal Hypertension Management Market?
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 Long-Term Drivers Are Shaping Portal Hypertension Management Market Trends?
The growing prevalence of liver diseases, such as hepatitis, is expected to drive the growth of the portal hypertension management market. Liver diseases are increasing due to factors like alcohol consumption, viral infections, and obesity. Portal hypertension management aims to reduce pressure in the portal vein system, alleviating complications. For example, Cancer Australia reported nearly 3,000 new cases of liver cancer in 2022. As liver disease prevalence rises, the demand for portal hypertension management solutions is also increasing.
Who Are the Top Competitors in Key Portal Hypertension Management Market Segments?
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.
What Trends Are Expected to Dominate the Portal Hypertension Management Market in the Next 5 Years?
Major players in the portal hypertension management market are utilizing minimally invasive devices to improve treatment outcomes and reduce risks. These devices are designed to perform procedures with minimal disruption to surrounding tissues. For instance, Medtronic Plc, a U.S.-based company, received FDA approval for the Symplicity Spyral renal denervation device in November 2023. This minimally invasive device uses radiofrequency energy to treat hypertension by calming nerves near the kidneys.
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Which Regions Are Becoming Hubs for Portal Hypertension Management Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Portal Hypertension Management Market?
2. What is the CAGR expected in the Portal Hypertension Management Market?
3. What Are the Key Innovations Transforming the Portal Hypertension Management Industry?
4. Which Region Is Leading the Portal Hypertension Management Market?
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