The global anorectal malformation treatment market is expected to exceed an impressive valuation of US$ 794.91 million in 2023, with a compound annual growth rate (CAGR) of 7.4% projected from 2023 to 2033, according to a recent report published by Future Market Insights. Boys are slightly more likely than girls to have anorectal malformations.
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As the prevalence of gastrointestinal disorders, irritable bowel syndrome, and a history of ailments and diseases such as cancer rises, anorectal malformations may develop. Rising healthcare spending, which aids in market facility advancement, contributes significantly to the market’s rate of growth.
The medical industry’s expansion and growth, particularly in emerging markets, would necessitate the adoption and use of cutting-edge medical technologies, devices, and drugs. This will effectively increase demand for treatment of anorectal malformations. A robust pipeline of antiviral medications, a growing geriatric population base, and an increase in the prevalence of congenital difficulties such as vacterl, gastrointestinal problems, and Down syndrome will all contribute to overall growth.
The Asia-Pacific region is expected to grow at the fastest rate in the coming years, owing to an increase in the prevalence of gastrointestinal disorders and increased government support. Several experts in India have the knowledge and a large team to treat anorectal malformations surgically.
Key Takeaways from the Market Study
Hospitals will be the primary treatment sites for anorectal malformations, with a 6.9% CAGR.
From 2018 to 2022, demand for anorectal malformation treatment increased at a 6.3% CAGR.
The global market for anorectal malformation treatment is expected to be worth $1,475.19 million.
The North America Anorectal Malformation Treatment market will grow at a 7.2% value CAGR by 2033, according to FMI.
Europe will experience significant growth, with a CAGR of 7% from 2023 to 2033.
“Increased awareness of less invasive and faster treatment methods, as well as advancements in detection and therapy procedures, will open up lucrative market expansion opportunities,” says an FMI analyst.
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Key Market Players
Key players in the anorectal malformation treatment market are Sanofi, Bausch Health Companies Inc., Cleveland Clinic, Mayo Clinic, CHOC, St. Louis Childrens, Nationwide Children’s, Nationwide Children’s Hospital. Children’s Hospital of Pittsburgh, Intermountain Healthcare.
The Bowel Management Program is provided by Intermountain Healthcare. Although the reconstruction surgery may restore some function, the muscles and nerves that regulate bowel function may be excluded or dysfunctional, necessitating the child’s participation in a bowel management programme to assist with continence. Their Bowel Management Program can help children regain control of their bowels.
Nationwide Children’s Hospital in Columbus, Ohio, has a Center for Colorectal and Pelvic Reconstruction (CCPR) that provides comprehensive care to children with anorectal malformations. Every year, they care for hundreds of patients from all over the world and perform over 1,000 procedures, allowing them to provide a level of cooperation and resources not commonly found in the management of these conditions.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global anorectal malformation treatment market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.
To understand opportunities in the anorectal malformation treatment market, it is segmented on the basis of treatment type (colostomy, anorectal repair and colostomy closure) and end user (hospitals and specialty clinics) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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