Future Drivers and Restraints Impacting the Market
Major causes of gallstones comprise blood sugar imbalance, estrogen dominance, food allergies and sensitivities, chronic stress, low fiber diet, low stomach acid production, obesity, rapid weight loss, low-fat diet, cholesterol-lowering medications, and others. Moreover, the continuously changing lifestyle coupled with unhealthy eating habits is also some of the major factors propelling the market growth. With the increasing demand for treatment options, the gallstone market is likely to expand.
Market Overview
According to a new report by Market Research Future (MRFR), the global gallstone market has been anticipated to expand at 7.9 % CAGR during the forecast period (2017-2022) owing to the increase in gallbladder diseases globally. Gallstones develop due to chemical imbalance of bile inside the gallbladder. Stones generally formed as the cholesterol level in bile increases and the cholesterol forms into stones.
North America Estimated to Hold the Largest Share
Geographically, the market for gallstones has been spanned across North America, Europe, Asia Pacific, and the Middle East and Africa.
North America has been estimated to hold the largest share due to the presence of huge patient population suffering from gallbladder disease. High spending on healthcare along with a well-developed healthcare sector has contributed to the global market positively.
Global Gallstone Market Segmentation
Globally, the gallstone market has been segmented based on cause, diagnosis, treatment, and region.
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The market has been segmented into bilirubin, cholesterol stones, concentrated bile, and others based on cause. The most common type is the cholesterol gallstone which appears in yellow and is mainly composed of undissolved cholesterols. According to World Gastroenterology Organisation, more than 85 % gallstones are cholesterol stones in developed countries, among which around 20 million people in the US suffer from gallstones.
Different diagnostic procedures covered in the market include abdominal CT scan, ultrasound, blood tests, gallbladder radionuclide scan, and others. The ultrasound is the most commonly used diagnostic procedure for gallstone diseases. With this procedure, even the smallest gallstones can be detected.
Competition Analysis
The prominent players operating the growth of the market comprise NovaTract Surgical LLC (California), Sklar Surgical Instruments (US), Olympus America Inc. (U.S.), Medtronic plc (Ireland), Intuitive Surgical Inc. (California), Fortimedix Surgical, Levita Magnetics (California), Simulab Corporation (US), and others.
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