Overview:
The
global arachnoid cysts market is witnessing a slow growth over the past few
years. However, it is estimated that the market is expected to steadily grow
during the forecast period (2018–2023) due to the rising numbers of patients
suffering from meningitis, tumors, and head injuries. Moreover, increasing
healthcare expenditures boost the growth of the market.
Rising
rates of intracranial arachnoid cysts and spinal arachnoid cysts are driving
the market growth predominantly. Besides, rising cases of spinal injuries
resulting in cysts are increasing the size of the market. Additionally, factors
such as increasing awareness of tumors & meningitis and government support
for healthcare facilities boost the growth of the market, excellently.
Acknowledging
the kind of growth this market is witnessing currently, Market Research Future
(MRFR) asserts that the global arachnoid cysts market is expected to
significant heights by 2023. In its recently published study report, MRFR also
suggests that the market would register an impressive CAGR throughout the
review period (2018 to 2023). Also, improvements in treatment procedures are
driving the growth of the market.
Drivers & Restraints
Additional
factors such as spreading awareness about the availability of diagnostic tests
and growing numbers of research in the field & uptake of advanced
technology substantiate the growth of the market. Moreover, the improvement in
treatment techniques and medical devices would support the market growth
continuing during the review period. Furthermore, non-invasive surgeries and
the availability of tools for the detection of the condition is estimated to
stimulate market expansion, creating significant growth opportunities for the
players operating in the arachnoid cysts market.
On
the other hand, factors such as the lack of knowledge may restrict market
growth during the assessment period. Nevertheless, high investment transpired
in R&D by public and private organizations would support the growth of the
market throughout the forecast period. Moreover, the emergence of new
technologies is expected to contribute the market growth over the review
period.
Global Arachnoid Cysts Market – Segmentations
The
analysis is segmented into four main dynamics to widen the scope of
understanding,
By Type : Intracranial
and Spinal.
By Diagnosis : CT Scan, MRI
Scan, Prenatal Ultrasound, and other tests.
By Treatment : Permanent
Drainage System, Surgery Fenestration, Endoscopic Cyst Fenestration, and
others.
By Regions : Americas,
Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.
Global Arachnoid Cysts Market – Geographical Analysis
North
America dominates the global Arachnoid Cysts treatment Market with
a significant market share. Factors such as the technological advancements and
rising prevalence of tumor & meningitis drive the growth of the regional
market. Moreover, increasing biomedical research initiatives and the adoption
of advanced diagnosis processes are substantiating the market growth.
The
US holds a considerable share in the global arachnoid cysts market due to the
increasing uptake of advanced imaging technologies, which, as a result, drives
the regional market predominantly. Furthermore, the presence of matured players
and a well-developed healthcare sector impacts market growth positively.
Heading with the rising cases of a brain tumor or CNS tumor, the North American
arachnoid cysts market is estimated to grow exponentially.
Europe
stands second in the global arachnoid cysts market in terms of the market
share. The market growth attributes to the growing prevalence of spinal cord
& brain tumors and increasing healthcare expenditure. Besides, factors such
as the increase in R&D activities and new product launches foster the
growth of the regional market. Moreover, rapid strategic initiatives such as
collaborations and partnerships are fuelling market growth. The European
arachnoid cysts market is expected to demonstrate healthy growth during the
review period.
The
arachnoid cysts market in the Asia Pacific region is emerging as a lucrative
market, globally. Factors such as the ever-increasing population and rising
prevalence of brain tumors, especially in India and China are impacting the
market growth positively. Japan holds the largest revenue share, whereas,
China is poised to be the fastest-growing market due to its large healthcare
infrastructure and an increase in demand drive the growth of the market. The
APAC arachnoid cysts market is projected to create a substantial revenue pocket
during the assessment period.
Global Arachnoid Cysts Market – Competitive Analysis
The
arachnoid cysts market appears competitive & fragmented owing to the
presence of several matured players. Strategic partnerships, collaborations,
expansions, mergers & acquisitions, and product & technology launches,
remain the key strategies of these market players to achieve a larger
competitive share.
Major Players:
Players
leading the arachnoid cysts market include Sophysa, Aesculap, Inc., Spiegelberg
GmbH & Co. KG., DePuy Synthes, Integra LifeSciences, Medtronic, Christoph
Miethke GmbH & Co. KG, Boston Neurosciences, Tokibo Co. Ltd., Koninklijke
Philips N.V., Hitachi Medical Systems Europe, General Electric Company,
FUJIFILM SonoSite, Inc., and Siemens Healthcare Private Limited, among
others.
Regional Analysis
The
market in the Americas is expected to dominate the global arachnoid cysts
market during the forecast period owing to the rising cases of meningitis and
technological advancements in medical devices to diagnose diseases. According
to a study published by the National Meningitis Association, in December 2014,
out of all the people that are diagnosed with meningococcal diseases in the US,
10 to 15% people die. The European market is expected to be the second-largest
due to rising number of brain & spinal surgeries resulting in complications
which can lead to arachnoid cysts and rising healthcare expenditure in the
region. Moreover, the market in Asia-Pacific is anticipated to be the
fastest-growing during the assessment period owing to raising awareness of
meningitis & complications arising due to brain injuries and favorable
government initiatives for healthcare facilities. The market in the Middle East
& Africa is likely to account for the smallest share of the global
arachnoid cysts market. The market growth in this region can be attributed to
the rising government initiatives for improving the healthcare industry.
Access Report @ https://www.marketresearchfuture.com/reports/arachnoid-cysts-market-6551
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