Pune, India, January, 2017/MRFR Press Release/- Market Research Future published a half cooked research report on “Global Gallstone Market Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Gallstones Market - Overview
According to a recent study published by the Market Research Future, the global gallstones market is growing at a moderate growth rate; mainly due to rise in the prevalence rate of the gall bladder diseases.
Gallstones develops due to an imbalance in the chemical make-up of bile inside the gallbladder. In most cases the levels of cholesterol in bile become too high and the excess cholesterol forms into stones. Gallstones are very common. It's estimated that more than 1 in every 10 adults in the UK has gallstones, although only a minority of people develop symptoms.
According to the American College of Gastroenterology (ACG), around 80 percent of people who have gallstones don’t have any pain and these gallstones are “silent” gallstones. The people who have the pain of gallstones, it occurs in the right upper quadrant of abdomen and it often radiates to back or right shoulder or shoulder blade.
To sum it up, some of the major causes of the gallstones are blood sugar imbalance, estrogen dominance, food allergies and sensitivities, chronic stress, low fibre diet, low stomach acid production, obesity, rapid weight loss, low fat diet, and cholesterol lowering medications among others. Continuous changing lifestyle and unhealthy eating habits associated with it are the factors that are responsible for the growth of the market.
Global Gallstones Market - Competitive Analysis
The market for gallstones is well established market with number of companies operating in this market. There are large number of companies involved in the development of the products including the drugs, molecules.
Gallstones market is becoming huge with increasing demand for the treatment options. Companies are focusing on the development of new products which will be cost effective and will have minimum side effects. Various companies are involved in the development of specific types of molecules, and novel therapies. These companies have adapted the strategies of the acquisitions, and also launching of the new products in order to strive in this big and competitive market. Moreover, competition amongst new market players is also expected to upsurge growth for gallstones market over the next few years.
Currently there are few treatment options that are adopted by the physicians. One of which is the surgical removal of the gallstones through the keyhole surgery. Hence the surgical equipment companies play an important role in gallstones market. Another treatment option is the use of ursodeoxycholic acid which slowly dissolves the gallstones. And another non-invasive method used to treat gallstones is by lithotripsy. The wide acceptance of the non-invasive methods and upsurge in the demand for such treatment option has greatly impacted this market. It has definitely skyrocketed the share of the companies offering lithotripsy devices in recent years.
The global market consist of players such as Boston Scientific Corporation (U.S.), C. R. Bard Inc.(U.S.), Dornier MedTech (Germany), Koninklijke Philips N.V. (Japan), B. Braun Melsungen AG (Germany), Sanofi (France), Sklar Surgical Instruments (U.S.), Fortimedix Surgical (Netherlands), Intuitive Surgical Inc. (U.S.), Levita Magnetics (U.S.), Olympus Corporation (Japan), Medtronic plc (Ireland), NovaTract Surgical, LLC (U.S.), and Simulab Corporation (U.S.). These are some of the prominent players at the forefront of competition in the global gallstones market.
Global Gallstones Market - Regional Analysis
Considering the global scenario of the gallstones market, there are four main regions: America, Europe, Asia Pacific, and the Middle East & Africa.
America accounts for the largest market owing to the presence of huge patient population suffering from gall bladder diseases including the gallstones. A well-developed healthcare sector and high healthcare spending has also provided a push for the growth of the market. America consists of two regions namely, North America and South America. North America is the major market share holder.
Europe holds the second largest market share in global gallstones market. Some major factors that attribute the growth of Europe gallstones market is, increasing government support for researched development. Germany, France and UK are the major contributor in the Europe gallstones market.
Asia Pacific is the fastest growing market. Improving healthcare infrastructure, presence of huge patient population, rising awareness about gall bladder diseases has driven the growth for this market in Asia Pacific. However, the Middle East & Africa accounts for the lowest share in the global gallstones market.
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