Increase in the incidence of chronic pancreatitis, cystic
fibrosis, and pancreatic cancer drives the growth of the global
pancrelipase market.
PORTLAND, Ore., Dec. 4, 2022 /PRNewswire/ -- Allied Market
Research published a report, titled, "Pancrelipase Market
by Application (Chronic Pancreatitis, Cystic Fibrosis, Others),
by Age (Children, Adults and Geriatrics), by Distribution Channel
(Hospital Pharmacies, Drug Store and Retail Pharmacies, Online
Pharmacies): Global Opportunity Analysis and Industry Forecast,
2021-2031." According to the report, the global pancrelipase
industry was estimated at $1.8
billion in 2021, and is anticipated to hit $2.7 billion by 2031, registering a CAGR of 4.3%
from 2022 to 2031. The report offers an explicit analysis of the
changing market trends, top segments, key investment pockets, value
chains, competitive scenarios, and regional landscapes.
Determinants of growth-
Increase in the incidence of chronic pancreatitis, cystic
fibrosis, and pancreatic cancer drives the growth of the global
pancrelipase market. On the other hand, employment of expensive and
specialized equipment, technologies, and numerous clinical trials
that all contribute to production costs impedes the growth to some
extent. However, surge in awareness about chronic pancreatitis and
rise in use of pancrelipase for the treatment of digestive
disorders are expected to create lucrative opportunities in the
industry.
Download Free Sample Report-
https://www.alliedmarketresearch.com/request-sample/15819
Covid-19 scenario-
- The social distancing measures imposed by government bodies
made the majority of patients manage their chronic pancreatis and
cystic fibrosis diseases by self-medication or non-medically
approved strategies, which impacted the pancrelipase market
negatively.
- However, as the global situation started getting back to
normalcy, the pancrelipase market also restored at a slow &
steady pace.
The adults and geriatrics segment garnered the highest
share-
By age, the adults and geriatrics segment held the major share
in 2021, accounting for around four-fifths of the global
pancrelipase market revenue. The same segment is also projected to
cite the fastest CAGR of 4.5% from 2022 to 2031. High incidence of
pancreatic cancer and digestive disorders among adults and the
geriatric population propels the segment growth.
The chronic pancreatitis segment to dominate by 2031-
By application, the chronic pancreatitis segment accounted for
the highest share in 2021, holding more than half of the global
pancrelipase market revenue. The same segment would also portray
the fastest CAGR of 4.6% during the forecast period. Upsurge in
alcohol consumption and high prevalence of chronic pancreatitis
among individuals drive the segment growth.
The drug store and retail pharmacies segment garnered the
major share in 2021-
By distribution channel, the drug store and retail pharmacies
segment held the highest share in 2021, accounting for more than
three-fifths of the global pancrelipase market revenue, owing to
increase in sell of prescription drugs from drug stores. The online
pharmacies segment, at the same time, would cite the fastest CAGR
of 6.0% from 2022 to 2031, due to high convenience and the cheaper
costs of purchasing prescription drugs electronically.
For Purchase Inquiry-
https://www.alliedmarketresearch.com/purchase-enquiry/15819
North America grabbed the
lion's share-
By region, North America
contributed to nearly three-fourths of the global pancrelipase
market revenue, holding the major share in 2021. This is attributed
to surge in the prevalence of chronic pancreatitis, increase in
awareness about the usage of pancrelipase, and the presence of key
players and robust hospital infrastructure across the province.
Asia-Pacific, however, would
showcase the fastest CAGR of 6.1% during the forecast period. This
is due to rise in the incidence of pancreatic cancer, development
of healthcare infrastructure, and increase in investment projects
across the region.
Key players in the industry-
- Digestive Care, Inc.
- Organon Canada Inc.
- Abbvie Inc.
- Viatris Inc.
- Vivus Llc.
- Nestlé S.A.
The report analyzes these key players in the global pancrelipase
market. These players have incorporated various strategies such as
expansion, new product launches, partnerships, and others to
increase their market penetration and strengthen their position in
the industry. The report is helpful in assessing the operating
segments, their business performance & product portfolio, and
so on.
Trending Reports in Healthcare Industry-
Syphilis Testing Market - Global Opportunity Analysis and
Industry Forecast, 2020-2030
Capsule Endoscopy System Market - Global Opportunity Analysis
and Industry Forecast, 2020–2030
Micromanipulators Market- Global Opportunity Analysis and
Industry Forecast, 2020–2030
Flow Cytometry Market- Global Opportunity Analysis and Industry
Forecast, 2020–2030
Postpartum Hemorrhage (PPH) Devices Market- Wearable Injectors
Market - Global Opportunity Analysis and Industry Forecast,
2020–2030
Extremity Reconstruction Market - Global Opportunity
Analysis and Industry Forecast, 2020–2030
Automated Radiosynthesis Modules Market - Global Opportunity
Analysis and Industry Forecast, 2020–2030
AVENUE- A Subscription-Based Library (Premium on-demand,
subscription-based pricing model) Offered by Allied Market
Research:
AMR introduces its online premium subscription-based library
Avenue, designed specifically to offer cost-effective, one-stop
solution for enterprises, investors, and universities. With Avenue,
subscribers can avail an entire repository of reports on more than
2,000 niche industries and more than 12,000 company profiles.
Moreover, users can get an online access to quantitative and
qualitative data in PDF and Excel formats along with analyst
support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any
device and anywhere. For more details, follow the link:
https://www.alliedmarketresearch.com/library-access
"We have also published few syndicated market studies in the
similar area that might be of your interest. Below are the report
title for your reference, considering Impact of Covid-19
Over This Market which will help you to assess aftereffects of
pandemic on short-term and long-term growth trends of this
market."
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to
provide business insights and consulting to assist its clients to
make strategic business decisions and achieve sustainable growth in
their respective market domains. AMR offers its services across 11
industry verticals including Life Sciences, Consumer Goods,
Materials & Chemicals, Construction & Manufacturing, Food
& Beverages, Energy & Power, Semiconductor &
Electronics, Automotive & Transportation, ICT & Media,
Aerospace & Defense, and BFSI.
We are in professional corporate relations with various
companies and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact
David Correa
5933 NE Win
Sivers Drive
#205, Portland, OR
97220
United States
Toll Free:
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/pancrelipase-market-to-reach-usd-2-7-billion-globally-by-2031-at-4-3-cagr-allied-market-research-301692506.html