Overview and Scope
Epidural abscess treatment refers to the treatment of a rare disorder that is characterized by an infection in the area between the bones of the skull or spine and the membranes covering the brain and spinal cord. Epidural abscess treatment is used to manage symptoms, slow down the progression of the disease and prevent complications.
Sizing and Forecast
The epidural abscess treatment market size has grown strongly in recent years. It will grow from $38.33 billion in 2023 to $41.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing prevalence of epidural abscesses, high healthcare expenditure, increasing awareness of the disease, growing demand for combination therapies.
The epidural abscess treatment market size is expected to see strong growth in the next few years. It will grow to $52.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing geriatric population, government initiatives, investment in epidural abscess research and development, growing incidence of spinal epidural abscesses. Major trends in the forecast period include innovations in healthcare technology, digital health technologies in epidural abscess care, artificial intelligence (ai) in epidural abscess diagnosis and treatment, affordable epidural abscess treatments.
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Segmentation & Regional Insights
The epidural abscess treatment market covered in this report is segmented –
1) By Type: Intracranial; Intraspinal
2) By Treatment: Antifungal; Antibiotics; Surgery
3) By End-User: Hospital; Pharmacy; Specialty Clinics; Other End-Users
North America was the largest region in the epidural abscess treatment market in 2023. The regions covered in epidural abscess treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of neurological disorders is expected to propel the growth of the epidural abscess treatment market going forward. A neurological disorder is a medical condition affecting the nervous system, including the brain, spinal cord and nerves. Common neurological disorders include acute spinal cord injury, Alzheimer’s Disease, Amyotrophic Lateral Sclerosis (ALS) and more. Epidural abscess treatment is used for neurological disorders. It involves prompt surgical drainage of the abscess and antibiotic treatment to prevent spinal cord and nerve compression and relieve pressure on the spinal cord and nerves. For instance, in March 2022, according to the Alzheimer’s Association, a US-based nonprofit organization, an estimated 6.7 million Americans age 65 and older are living with Alzheimer’s in 2023. This number is anticipated to increase to 12.7 million by 2050. Therefore, the increasing prevalence of neurological disorders is driving the growth of the epidural abscess treatment market.
Key Industry Players
Major players in the epidural abscess treatment market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Astellas Pharma, Daiichi Sankyo Company Limited, Boehringer Ingelheim International GmbH, UCB Pharma, Sun Pharmaceutical Industries Limited, Kyowa Hakko Kirin Co. Ltd., Ferring B.V., Hikma Pharmaceuticals PLC, Intas Pharmaceuticals Limited, Alembic Limited, Zydus Lifesciences Ltd., Lupin Limited, Mallinckrodt Pharmaceuticals.
The epidural abscess treatment market report table of contents includes:
1. Executive Summary
2.Epidural Abscess Treatment Market Characteristics
3.Epidural Abscess Treatment Market Trends And Strategies
4.Epidural Abscess Treatment market analysis
5.Epidural Abscess Treatment Market Size And Growth
6. Epidural Abscess TreatmentSegmentation
7.Epidural Abscess Treatment Regional And Country Analysis
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27.Epidural Abscess Treatment Competitive Landscape And Company Profiles
28.Epidural Abscess Treatment Key Mergers And Acquisitions
29.Epidural Abscess Treatment Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Pfizer Inc.
- F. Hoffmann-La Roche Ltd.
- Merck & Co. Inc.
- AbbVie Inc.
- Bayer AG
- Novartis AG
- Sanofi S.A
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