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Acute Pancreatitis Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Acute Pancreatitis
How Large Will the Acute Pancreatitis Market Size By 2025?
In recent times, the market size of acute pancreatitis has experienced significant growth. It is projected to rise from $5.96 billion in 2024 to $6.31 billion in 2025, maintaining a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historic period can be linked to factors such as high incidence rates, patterns of alcohol consumption, the prevalence of gallstones, routines of tobacco smoking, and escalating rates of obesity.
How Big Is the Acute Pancreatitis Market Size Expected to Grow by 2029?
In the coming years, a robust growth is anticipated for the acute pancreatitis market, with its valuation projected to reach "$8.04 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 6.2%. The escalation in this forecast period can be ascribed to factors such as the aging population patterns, initiatives for early detection and awareness, studies on genetic susceptibility, and headways in treatment procedures. Some notable trends that could shape market growth during the forecast period encompass a focus on nutritional aid, programs centered around patient education and awareness, the enactment of standardized protocols, looking into regenerative treatments, and consistent supervision and follow-up.
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Which Key Market Drivers Powering Acute Pancreatitis Market Expansion and Growth?
The surge in healthcare spending is anticipated to fuel the expansion of the acute pancreatitis market in the future. This refers to the overall consumption of resources, both monetary and otherwise, utilised in providing healthcare services and related activities. The rise in healthcare spending can be linked to various aspects such as the prevalence of chronic illnesses, the broadening of health insurance coverage, and heightened awareness about mental health disorders. Acute pancreatitis may result in critical complications like necrotizing pancreatitis, organ failure, and infections, requiring further therapies, surgeries, and lengthy hospitalisations, thus significantly increasing healthcare expenses. For example, as per the Canadian Institute for Health Information, a non-profit organisation based in Canada, total health expenses are expected to hit $344 billion in 2023, indicating a moderate 2.8% growth from the previous year. As a result, the escalating healthcare costs are contributing to the growth of the acute pancreatitis market.
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Which Fast-Growing Trends Are Poised to Disrupt the Acute Pancreatitis Market?
Key companies in the acute pancreatitis market are innovating by creating advanced technologies like dry chemistry slide technology to measure pancreatic lipase levels precisely. Dry chemistry slide technology is an evaluation procedure that employs a slide coated in dry reagents to execute chemical reactions for the interpretation of biological samples, providing quick and precise testing without requiring any liquid reagents. For example, in June 2024, IDEXX Laboratories Inc., a leading US diagnostics and healthcare innovation company, launched the catalyst pancreatic lipase test for diagnosing pancreatitis in dogs and cats, leveraging the precision of dry chemistry slide technology to determine pancreatic lipase levels. The test delivers fast, numerical results in less than 10 minutes and integrates well with existing workflows to boost diagnostic effectiveness. Its purpose is to enhance early identification and treatment of pancreatitis, a grave pet health condition and future enhancements such as the Catalyst SmartQC Control are planned to further refine veterinary diagnostics.
What Are the Emerging Segments in the Acute Pancreatitis Market?
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
Subsegments:
1) By Gallstones: Cholecystitis-Induced Pancreatitis, Choledocholithiasis-Induced Pancreatitis
2) By Alcohol: Acute Alcoholic Pancreatitis, Binge Drinking-Induced Pancreatitis
3) By Other Causes: Medications-Induced Pancreatitis, Trauma-Induced Pancreatitis, Infections-Induced Pancreatitis, Metabolic Disorders
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Who Are the Global Leaders in the Acute Pancreatitis Market?
Major companies operating in the acute pancreatitis market include CalciMedica Inc., SCM Lifescience Co. Ltd., Samsung Bioepis Co Ltd., Global Neurotech Pharma Corporation, Baxter International Inc., B. Braun Melsungen AG, Medtronic plc, Boston Scientific Corporation, Fresenius Kabi AG, Sun BioPharma Inc., Atox Bio Inc., D-Pharm Ltd., Regeneron Pharmaceuticals Inc., Merck & Co Inc, Olympus Corporation, Pfizer Inc., Ionis Pharmaceuticals Inc., Abbott Laboratories, Dynavax Technologies Corporation, GlaxoSmithKline plc, AbbVie Inc., Allergan plc, Amgen Inc., AstraZeneca PLC, Boehringer Ingelheim GmbH, Bristol-Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche AG, Novartis AG, Sanofi SA, Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Johnson & Johnson
Which are the Top Profitable Regional Markets for the Acute Pancreatitis Industry?
North America was the largest region in the acute pancreatitis market in 2024. The regions covered in the acute pancreatitis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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