According to a recent report published by Future Market Insights, the global anorectal malformation treatment market is estimated 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. Anorectal malformations are slightly more common in boys than in girls.
Anorectal malformations can develop as the prevalence of gastrointestinal disorders, irritable bowel syndrome, and a past medical history of ailments and diseases such as cancer rises. Rising healthcare spending, which aids in the advancement of market facilities, contributes significantly to the market’s rate of growth.
The expansion and growth of the medical industry, particularly in emerging markets would necessitate the adoption and use of cutting-edge medical technologies, devices, and drugs. This will effectively increase demand for anorectal malformation treatment. A rigorous 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 are also factors that will ramp up overall growth.
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Asia-Pacific is expected to grow at the fastest pace in the years ahead, attributed to an increase in the prevalence of gastrointestinal disorders and expanding government support. Several experts in India have the knowledge and a comprehensive team to surgically treat anorectal malformations.
Key Takeaways from the Market Study
Hospitals to be primary sites for anorectal malformation treatment, expanding at a 6.9% CAGR
From 2018 to 2022, demand for anorectal malformation treatment increased significantly at a CAGR of 6.3%.
The global anorectal malformation treatment market is expected to be worth US$ 1,475.19 million.
According to FMI, the North America Anorectal Malformation Treatment market will grow at a 7.2% value CAGR by 2033.
Europe to experience noteworthy growth, registering 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.
Intermountain Healthcare provides the Bowel Management Program. The reconstruction surgery may revive some function; however, muscles and nerves that regulate bowel function may be excluded or dysfunctional, needing the child to participate in a bowel management program to help with continence. Their Bowel Management Program can assist children in regaining bowel control.
Nationwide Children’s Hospital in Columbus, Ohio, has a Center for Colorectal and Pelvic Reconstruction (CCPR) that offers completely integrated care for children with anorectal malformation. Every year, they care for hundreds of patients from all over the world and perform over 1,000 procedures, allowing them to offer a level of cooperation and resources that are not widely available 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).
Key Segments Profiled in the Anorectal Malformation Treatment Market Industry Survey
By Treatment Type:
- Colostomy
- Anorectal Repair
- Colostomy Closure
By End User:
- Hospitals
- Specialty Clinics
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