In a recent market intelligence report, Data Bridge Market Research thoroughly examined the pancreatitis market. The recently released report uses a visually pleasing arrangement with visually appealing tables, graphs, charts, and figures to display important data.

The market research study on pancreatitis emphasizes current trends, cutting-edge methods, market projections, and market share for the estimated period that will improve the core specialized process of the company. The report provides an overview that includes sub-factors such as requirements, motivators, risks, opportunities, potential openings, challenges, and recommendations. The Pancreatitis market's valuation processes, topographical details, core beliefs, competitive organization analysis, development strategies, and unique financial frameworks are all made clear in this study. A range of products available in the market are monitored with respect to the issues of production volume, revenue, marketing framework, and supply and demand data.

The data included in the pancreatitis report comes from reliable sources, such as websites, diaries, and annual reports from the organizations, all of which have been examined and approved by business experts. The market's available vendors compete based on brand, value, quality, item differentiation, and product portfolio. By referring to this report, merchants can gradually highlight changes to their products. The Pancreatitis report keeps the reader informed about the candidates by providing a point-by-point analysis of the dynamic and competitive scenario. Pie charts, graphs, and tables are used to illustrate the data.

According to Data Bridge Market Research, the pancreatitis market was estimated to be worth USD 8.71 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.70% from 2022 to 2029, when it is predicted to reach USD 13.58 billion. The Data Bridge Market Research team's market report includes comprehensive expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework in addition to market insights like market value, growth rate, market segments, geographic coverage, market players, and market scenario.

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Every year, over 275,000 people in the United States are hospitalized to the hospital with acute pancreatitis, according to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). Pancreatitis occurs when the pancreas becomes inflamed and irritated (swollen). It isn't a common ailment. Gallstones or excessive alcohol consumption are the most frequent causes. The disease can appear unexpectedly or develop over time, resulting in severe harm. Pancreatitis treatment may involve intravenous (IV) fluids, pain medication, and other medications.

Key Growth Drivers:

  • High prevalence rate of acute pancreatitis

The rise in prevalence rate of acute pancreatitis across the globe will act as a major driver that will result in the expansion of the growth rate of the market. Acute pancreatitis is caused by gallstones and high alcohol consumption, especially in the younger population. According to an article published in the World Journal of Clinical Cases- Evaluation and management of acute pancreatitis in 2019, gallstones are the most common cause of acute pancreatitis (AP), accounting for 28 percent to 38 percent of all cases, while alcohol consumption is the second most common cause, accounting for 19 percent to 41 percent of all acute pancreatitis cases. The increased number of patients with gallstones raises the risk of acute pancreatitis.

  • Increasing investment for healthcare infrastructure

Another significant factor influencing the growth rate of pancreatitis market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

The report outlines the involvement of key players, including:

Pfizer Inc. (U.S.), GlaxoSmithKline plc (U.K.), Novartis AG (Switzerland), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), AstraZeneca (U.K.), Johnson & Johnson Private Limited (U.S.), Merck & Co., Inc. (U.S.),  F. Hoffmann-La Roche Ltd. (Switzerland), Baxter (U.S.), Bayer AG (Germany), Eli Lilly and Company (U.S.), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Allergan (Ireland), AbbVie Inc. (U.S.), Abbott (U.S.), Bausch Health Companies Inc. (Canada)

Key Market Segmentation

Type (Acute Pancreatitis, Chronic Pancreatitis), Causes (Gall Stones, Alcohol, Drugs, Others),Treatment  (Analgesics, Intravenous (IV) Fluids, Gallbladder Surgery, Endoscopic Retrograde Cholangiopancreatography (ERCP), Others), Route of Administration (Oral, Parenteral, Others), Diagnosis (Blood Tests, Abdominal Ultrasound, Computerized tomography (CT) scan, Magnetic resonance imaging (MRI), Endoscopic Ultrasound, Stool tests, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)

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