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Global Epidural Abscess Treatment Market Projected to Grow at 6.6% CAGR, Reaching $56.78 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Epidural Abscess Treatment Industry Market Size Be by 2025?
In recent times, there has been a robust growth in the market size for the treatment of epidural abscess. The market, which is projected to expand from $41.11 billion in 2024 to $44.01 billion in 2025, will experience a compound annual growth rate (CAGR) of 7.1%. Factors contributing to the growth during the historic period include a rise in the incidence of epidural abscesses, increased spending on healthcare, a growing public awareness of the condition, and an increased demand for combination therapies.
What's the Long-Term Growth Forecast for the Epidural Abscess Treatment Market Size Through 2029?
In the coming years, the epidural abscess treatment market is projected to witness significant growth, increasing to a whopping $56.78 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this predicted growth include an aging population, government-guided initiatives, investments in research and development concerning epidural abscess, and a rising number of spinal epidural abscess cases. Key trends expected to boost the market in the forecast period encompass advances in healthcare technology, digital health tools' utilization in epidural abscess management, the use of artificial intelligence (AI) for diagnosing and treating epidural abscess, and accessibility to affordable treatment options.
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What Are the Key Growth Drivers Fueling the Epidural Abscess Treatment Market Expansion?
The upward trajectory in the occurrence of neurological disorders is projected to foster growth in the epidural abscess treatment market. Neurological disorders, which can include severe spinal cord injuries, Alzheimer's Disease, ALS, and others, disrupt the functioning of the nervous system, including the brain, spinal cord, and peripheral nerves. The treatment for epidural abscesses, which is used in the context of these neurologic disorders, incorporates immediate surgical management of the abscess and the application of antibiotics to ward off any pressure from spine and nerve compression. For example, the Alzheimer's Association reported in March 2022 that around 6.7 million Americans aged 65 or older are predicted to have Alzheimer's by 2023, a figure they expect to nearly double, reaching 12.7 million, by 2050. As such, the rising prevalence of neurological disorders triggers market growth for epidural abscess treatments. Increasing usage of intravenous drugs is also postulated to encourage growth in the epidural abscess treatment market. This form of drug use entails the act of injecting drugs directly into the bloodstream, often with a syringe and hypodermic needle. Instances of epidural abscesses can be triggered by unsanitary injection devices or contaminated drugs, bringing pathogens or bacteria into the bloodstream, therefore enhancing the occurrence of the condition and subsequently, the demand for expert treatment, care, and preventative measures. The Australian Institute of Health and Welfare indicated in July 2024 that 1.4% of people aged 14 and over had once in their life injected a drug, with 0.2% having done so in the last year, for 2022-2023. This escalating usage of intravenous drugs is therefore responsible for fuelling growth in the epidural abscess treatment market.
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How Is the Epidural Abscess Treatment Market Segmented?
The epidural abscess treatment market covered in this report is segmented -
1) By Type: Intracranial, Intraspinal
2) By Treatment: Antifungal, Antibiotics, Surgery
3) By End-User: Hospital, Pharmacy, Specialty Clinics, Other End-Users
Subsegments:
1) By Intracranial: Brain Abscess, Subdural Abscess, Epidural Abscess in the Cranium
2) By Intraspinal: Cervical Epidural Abscess, Thoracic Epidural Abscess, Lumbar Epidural Abscess, Sacral Epidural Abscess
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Which Companies Are Leading the Charge in Epidural Abscess Treatment Market Innovation?
Major companies operating in the epidural abscess treatment market are 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.
Which Regions Are Leading the Global Epidural Abscess Treatment Market in Revenue?
North America was the largest region in the epidural abscess treatment market in 2024. 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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