Evaluating the Portal Hypertension Management Market’s Growth Prospects from 2024 to 2033
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How is the Growth Rate of the Portal Hypertension Management Market Estimated for 2024-2033?
The portal hypertension management market has grown significantly. It is projected to grow from $2.88 billion in 2023 to $3.07 billion in 2024, with a CAGR of 6.5%. The growth can be attributed to the rising incidence of liver diseases, a growing elderly population, awareness and screening programs, the economic impact of liver diseases, new drug approvals, and advancements in diagnostic methods.
The portal hypertension management market is anticipated to grow robustly, projected to reach $3.97 billion by 2028 at a CAGR of 6.7%. Factors contributing to this growth include increased healthcare infrastructure investment, broader health insurance coverage, favorable regulatory environments, ongoing research on portal hypertension, and remote monitoring technologies. Key trends involve growing telemedicine adoption, advancements in medical technology, personalized medicine growth, and improved diagnostic methods.
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What Key Drivers Are Propelling the Portal Hypertension Management Market’s Growth?
The rising prevalence of liver diseases is projected to enhance the portal hypertension management market. Liver diseases arise from various causes, including alcohol consumption and viral infections. Managing portal hypertension is crucial for alleviating complications related to liver disease. According to Cancer Australia, around 2,905 new liver cancer cases were diagnosed in 2022. Therefore, the increasing prevalence of liver diseases is driving the portal hypertension management market.
What Are the Distinct Segments of the Portal Hypertension Management Market?
1) By Treatment Type: Medications, Non-Surgical Procedures, Surgery
2) By Procedure Type: Transjugular Intrahepatic Portosystemic Shunt (TIPS), Other Procedure Types
3) By End-User: Hospitals, Specialty Clinics, Other End-Users
Which New Trends Are Making Waves in the Portal Hypertension Management Market?
Companies in the portal hypertension management market are adopting advanced minimally invasive devices to improve treatment outcomes. In November 2023, Medtronic Plc, a US-based medical device manufacturer, received FDA approval for Symplicity Spyral renal denervation, a device for treating hypertension with minimal invasiveness.
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Which Regions Are Significant to the Growth of the Portal Hypertension Management Market?
North America was the largest region in the portal hypertension management market in 2023. The regions covered in the portal hypertension management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Portal Hypertension Management Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the portal hypertension management market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Portal Hypertension Management Market Include
1. Portal Hypertension Management Market Executive Summary
2. Portal Hypertension Management Market Segments
3. Portal Hypertension Management Market Size And Template Market Growth Rate
4. Key Portal Hypertension Management Market Trends
5. Major Portal Hypertension Management Market Drivers
……
25. Key Mergers And Acquisitions In The Portal Hypertension Management Market
26. Top Portal Hypertension Management Companies
27. Portal Hypertension Management Market Opportunities And Strategies
28. Portal Hypertension Management Market, Conclusions And Recommendations
29. Appendix
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