Anal Fistula Treatment Market key Insights Based on Product Type, End-use and Regional Demand Till 2
The global anal fistula treatment market was valued at US$ 550 Mn in 2017 and is anticipated to expand at a CAGR of 4% from 2018 to 2026 to reach US$ 800 Mn by 2026. High incidence rate of anal fistula and recurrence rate of treated cases have led to a large patient pool.
[USPRwire, Mon May 13 2019] The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Anal Fistula Treatment Market key Insights Based on Product Type, End-use and Regional Demand Till 2026”. The fact-based research report on the global Anal Fistula Treatment market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.
Anal fistula treatment involves use of both surgical and non-surgical approaches for effective removal of anal fistulae in patients. Surgical procedures include fistulotomy, bioprosthetic plugs, advancement flap procedures, seton techniques, and new techniques such as LIFT and FiLaC therapy. Non-surgical methods include drugs as well as fibrin glue injections, adipose stem cell therapy, and collagen paste. This report analyzes the current and future prospects of the global anal fistula treatment market based on treatment type, application, end-user, and region.
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Anal fistula is a tunnel or tract between the epithelial surface of the rectum or anus and the skin i.e., perianal area. This tract can develop infection causing swelling, pus, and pain. The global anal fistula treatment market was valued at US$ 550 Mn in 2017 and is anticipated to expand at a CAGR of 4% from 2018 to 2026 to reach US$ 800 Mn by 2026. High incidence rate of anal fistula and recurrence rate of treated cases have led to a large patient pool. Moreover, increase in incidence of anal fistula inducing co-morbidities such as Crohn’s disease, anal abscess, HIV, and TB infections have resulted in new complex anal fistula cases. Rise in demand for safe and effective treatment with no chance of recurrence and fewer side effects is inducing key industry players to introduce advanced drugs and devices. These include under trial collagen paste for blocking and removing fistula tract, adipose stem cell therapy for anal fistula treatment in Crohn’s disease, video-assisted anal fistula treatment (VAAFT) devices, and laser energy-based devices for anal fistula. However, high cost of treatment and lack of awareness about anal fistula treatment are likely to restrain the global anal fistula treatment market during the forecast period.
This study is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the revenue of the global anal fistula treatment market in the near future. Primary research formed the bulk of the research efforts, with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation, and various international and national databases. The report provides estimated market size in US$ Mn for treatment type, application, end-user, and region for the period of 2018 to 2026.
The report contains an elaborative executive summary, which includes a snapshot providing information on various segments of the market. It also provides information and data analysis of the market with respect to segments based on treatment type, application, end-user, and region. The overview section of the report analyzes market dynamics such as drivers, restraints, and opportunities that can influence the global anal fistula treatment market in the current and future scenario. The report also provides Porter’s Five Force Analysis that studies five factors and their impact on the market.
Market share of key players is analyzed to signify the contribution of these players toward the revenue of the market. As such, these factors are likely to help market players in deciding about business strategies and plans for strengthening their position in the global market. Based on region, the market has been analyzed for five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The study also covers detailed country analysis in these regions for the anal fistula treatment market.
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The report also profiles major players in the global anal fistula treatment market in terms of key attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in this report include Becton, Dickinson and Company, biolitec AG, Cook Medical, Gem srl, KARL STORZ SE & Co. KG, Medtronic plc, and TiGenix NV. Inorganic growth strategies and business collaborations were the primary strategies adopted by the major players to cement their position in the global anal fistula treatment market.
The global anal fistula treatment market has been segmented as follows:
Global Anal Fistula Treatment Market, by Treatment Type
Others (fibrin glue, adipose stem cell therapy, etc.)
Advancement Flap Procedures
Global Anal Fistula Treatment Market, by Application
Global Anal Fistula Treatment Market, by End-user
Hospitals & Ambulatory Surgical Centers
Global Anal Fistula Treatment Market, by Region
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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