Gallstone Market Set for Rapid Growth by 2023

Posted by vinit sawant on April 21st, 2021

Global Gallstones Market - Overview

According to a recent study published by the Market Research Future, the global gallstones market is growing at a moderate growth rate; mainly due to rise in the prevalence rate of the gall bladder diseases.

Gallstones develops due to an imbalance in the chemical make-up of bile inside the gallbladder. In most cases the levels of cholesterol in bile become too high and the excess cholesterol forms into stones. Gallstones are very common. It's estimated that more than 1 in every 10 adults in the UK has gallstones, although only a minority of people develop symptoms.

The global gallstone market size is expected to reach USD XX million by the end of the forecasted period and is expected to grow at a CAGR of ~7.9%.

According to the American College of Gastroenterology (ACG), around 80 percent of people who have gallstones don’t have any pain and these gallstones are “silent” gallstones. The people who have the pain of gallstones, it occurs in the right upper quadrant of abdomen and it often radiates to back or right shoulder or shoulder blade.

To sum it up, some of the major causes of the gallstones are blood sugar imbalance, estrogen dominance, food allergies and sensitivities, chronic stress, low fibre diet, low stomach acid production, obesity, rapid weight loss, low fat diet, and cholesterol lowering medications among others. Continuous changing lifestyle and unhealthy eating habits associated with it are the factors that are responsible for the growth of the market.

Global Gallstones Market - Competitive Analysis

The market for gallstones is well established market with number of companies operating in this market. There are large number of companies involved in the development of the products including the drugs, molecules.

Currently there are few treatment options that are adopted by the physicians. One of which is the surgical removal of the gallstones through the keyhole surgery. Hence the surgical equipment companies play an important role in gallstones market. Another treatment option is the use of ursodeoxycholic acid which slowly dissolves the gallstones. And another non-invasive method used to treat gallstones is by lithotripsy. The wide acceptance of the non-invasive methods and upsurge in the demand for such treatment option has greatly impacted this market. It has definitely skyrocketed the share of the companies offering lithotripsy devices in recent years.

The global market consist of players such as Boston Scientific Corporation (U.S.), C. R. Bard Inc.(U.S.), Dornier MedTech (Germany), Koninklijke Philips N.V. (Japan), B. Braun Melsungen AG (Germany), Sanofi (France),  Sklar Surgical Instruments (U.S.), Fortimedix Surgical (Netherlands), Intuitive Surgical Inc. (U.S.), Levita Magnetics (U.S.), Olympus Corporation (Japan), Medtronic plc (Ireland), NovaTract Surgical, LLC (U.S.), and Simulab Corporation (U.S.). These are some of the prominent players at the forefront of competition in the global gallstones market.