The Klippel-trenaunay syndrome treatment market is projected to reach USD 2.2 Billion by 2030 at 7.82% CAGR during the forecast period 2022-2030
The Klippel-trenaunay syndrome (KTS) is a rare congenital disorder which involves the anomalous development of blood vessels, soft tissues bones, and the lymphatic system. The main features include a red birthmark, overgrowth of tissues and bones, and vein malformations with or without lymphatic abnormalities. Individuals suffering from KTS has extreme growth of bones and soft tissue and this mostly occurs in the legs, but it can affect the arms, face, head, or internal organs.
Factors such as technological advancements, increasing awareness, lifestyle changes are the major driving factors for the growth of the market. However, unspecified regulatory issues, infection risks connected with surgical procedures, and ambiguous reimbursement policies are the factors limiting the market growth. Additionally, restrains for the Klippel-trenaunay syndrome treatment market includes the high cost of the surgical procedure and the risks involved in the procedures.
Segmentation
The Klippel-trenaunay syndrome treatment market has been segmented on the basis of type and end users.
On the basis of type, the market has been classified as medication, compression therapy, physical therapy, orthopedic devices, epiphysiodesis, embolization, laser therapy, endovenous thermal ablation, sclerotherapy, surgery.
On the basis of end users, the market has been classified as hospitals, clinics, ambulatory care, home care, and others.
On the basis of region, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas has been further segmented into North America and South America, with the North American market divided into the US and Canada.
The European Klippel-trenaunay syndrome treatment market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Klippel-trenaunay syndrome treatment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Klippel-trenaunay syndrome treatment market in the Middle East and Africa has been segmented into the Middle East and Africa.
Regional Market Summary
Klippel-Trenaunay Syndrome Share, by Region, 2017 (%)
Source: MRFR Analysis
In the Klippel-trenaunay syndrome treatment market, North America is anticipated to account for the largest market share due to the early adoption of advanced medical technologies, the rise in awareness, the rise in growth of the healthcare sector, and due to favorable compensation setting for many surgical procedures. According to Centers for Disease Control and Prevention, statistics about 40,000 births are affected with congenital defects in the US every year.
The European market is expected to hold the second largest market share. The market growth in this region can be attributed to the increasing number of surgeries and the increasing demand for advanced treatment procedures are boosting the European market. According to the Centers for Disease Control and Prevention, congenital defects are a foremost cause of birth defect associated with infant illness and deaths.
The Asia-Pacific market is expected to be the fastest growing segment in the near future due to access to optimal treatment facilities and growing demand for increasing government initiatives, advanced technology, better adoption rate, and rising healthcare expenditure.
The market in the Middle East and Africa is expected to account for the smallest share of the Klippel-trenaunay syndrome treatment market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
Key Players
Some of the key players in the Klippel-trenaunay syndrome treatment market are Stryker Corp., DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic Spinal, DJO Global, Integra Lifesciences, NuVasive Inc., Globus Medical, Wright Medical, Pfizer Inc., Biocon India Ltd., and Wyeth Limited.
Klippel-Trenaunay Syndrome Treatment Market, by Type
Klippel-Trenaunay Syndrome Treatment Market, by End Users
Klippel-Trenaunay Syndrome Treatment Market, by Region
Americas
Europe
Asia-Pacific
Middle East & Africa
Intended Audience
Klippel Trenaunay Syndrome Treatment Market Highlights:
Frequently Asked Questions (FAQ) :
Klippel-Trenauney Syndrome Treatment Market would be driven by increasing awareness, technological advancements, and lifestyle changes.
Ambiguous regulatory procedures can deter Klippel-Trenauney Syndrome Treatment Market growth.
North America would dominate the Klippel-Trenauney Syndrome Treatment Market.
The Asia Pacific region has the potential to record the fastest Klippel-Trenauney Syndrome Treatment Market growth.
Players involved are DePuy Synthes, Stryker Corp., Smith & Nephew, Zimmer Biomet, Integra Lifesciences, Medtronic Spinal, DJO Global, Globus Medical, NuVasive Inc., Pfizer Inc., Biocon India Ltd., Wright Medical, and Wyeth Limited.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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