Global surgical pouch market is anticipated to grow with a steady CAGR during the forecast of 2023-2027, to attain a stable growing market value. The market growth can be attributed to growing instances of intestinal surgery that involves removal of a part of the gastrointestinal tract and an artificial pouch is to be installed to complete the digestion process. Additionally, rapidly increasing number of patients suffering from ulcerative colitis along with other chronically disruptive diseases that require surgical advanced procedures, further support the growth of the global surgical pouch market in the next five years. Technological advancement and increasing research to bring in innovative medical devices, equipment, and tools further substantiate the growth of the global surgical poach market in the future five years. Increasing investment in the healthcare industry, government involvement through favorable schemes, coupled with consumer’s tendencies to spend lavishly over the healthcare and patient care services substantiates the growth of the global surgical pouch market.
High Prevalence of Gastrointestinal Diseases Promises Market Growth
Rapidly increasing instances of gastrointestinal diseases are a major cause of the increasing surgeries thereby driving the growth of the global surgical pouch market in the upcoming five years. Instances of ulcerative colitis is rapidly growing among the population. The disease has higher prevalence among the population aging between 30 to 40 years. Higher middle aged population strengthen the claim of increasing instances of the disease that indirectly aids the market growth.
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Investments and Industry Expansion Fuels Market Growth
The market may also register considerable growth due to expanding healthcare services and industrial growth. The governments are actively investing in the better healthcare and patient care services. North American region may hold the largest market for the surgical pouch owing to high investments and growing expenses on healthcare industry. Economies like the United States spends almost 17 percent of its GDP on health care, which is more than any other country. The United States also spends around 10,600 U.S. dollars per capita on health expenditure, the highest in the world. As of 2020, the U.S. spent a total of 4.1 trillion U.S. dollars on healthcare.
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Market Segmentation
The global surgical pouch market segmentation is based on type of pouch, shape, therapeutic area, end user, regional distribution, and competitive landscape. Based on type of ouch, the market is differentiated between j-pouch and k-pouch. By shape, the market is fragmented into J, S, and W. Based on therapeutic area, the market is distinguished into ulcerative colitis, Crohn’s disease, familial adenomatous polyposis (FAP), and others. By end user, the market is bifurcated into hospitality & specialty clinics, ambulatory care centers, and others.
Company Profile
Cook Group Incorporated, Medtronic Plc., B. Braun Melsungen AG, Richard Wolf GmbH, Steris Corporation, are enlisted in a partial list of major market players of the global surgical pouch market.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Type of Pouch · Shape · Therapeutic Area · End User |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, Australia, South Korea, Germany, France, United Kingdom, Spain, Italy, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia. |
Key companies profiled | Cook Group Incorporated, Medtronic Plc., B. Braun Melsungen AG, Richard Wolf GmbH, Steris Corporation |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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