Diverticular disease market is expected to gain market growth in the forecast period of 2021-2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 4% in the above mentioned forecast period.
Diverticular illness is an infection that affects the small pouches found in certain people’s intestines. Diverticula refer to the pouches. These pouches protrude from your colon’s weak areas. Inflammation or infection of the pouches is possible. Diverticular disease includes diverticulosis, diverticular bleeding, and diverticulitis, all of which entail the formation of tiny sacs or pockets in the colon’s wall. Diverticulosis is the starting point for the pouches to form. Diverticulitis develops when the pouches become inflamed or infected, this happens. It can result in discomfort and other side effects. When a blood artery in a pouch ruptures, it causes diverticular bleeding.
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The rise in the prevalence of chronic disease and upsurge in the adoption rate of sedentary lifestyle are the major factors influencing the market growth rate. Furthermore, growing geriatric population, rising healthcare expenditure and rising initiatives by public and private organisations to spread awareness about the disease and its preventive options are the factors that will expand the diverticular disease market. Other factors including growing incidences of obesity, lack of exercise and rise in the number of cigarette smoking population will positively impact the market growth rate.
North America dominates the diverticular disease market due to the rising awareness about diseases, health related problems arising due to presence of major key players, high disposable income and well-developed healthcare infrastructure in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising investment in the healthcare sector and growing government support.
The major players covered in the diverticular disease market report are Allergan, Merck Sharp & Dohme Corp., Pfizer Inc., GlaxoSmithKline plc, Melinta Therapeutics LLC, Basilea Pharmaceutica Ltd., Tetraphase Pharmaceuticals, Paratek Pharmaceuticals, Inc., Nabriva Therapeutics plc, Spero Therapeutics, Abbott, F. Hoffmann-La Roche Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, Novartis AG, Bayer AG, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Lupin, SHIONOGI & Co., Ltd., AbbVie Inc., Cumberland Pharmaceuticals Inc., Eli Lilly and Company, among other domestic and global players.
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