The global insulinoma market report compiled by Market Research Future (MRFR) consists of pertinent drivers, restraints, and opportunities for growth. Insulinomas are tumors formed on the pancreas which raise insulin levels and cause blood sugar levels to drop. Some of the genetic diseases which can cause these tumors include multiple endocrine neoplasia type 1, Von-Hippel Landau syndrome, and others.
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The global insulinoma market size can touch USD 3.3 billion by 2023 while exhibiting a year-on-year growth rate of 3.3% during the forecast period (2017-2023). The market is driven by the number of diabetics and the vulnerability to being afflicted to the disease. According to the research conducted by MRFR, close to 10% of patients with insulinomas are diagnosed with malignant and affect between 1-5 people out of a million. The surge in surgeries such as embolization as well as technological advances in laparoscopic surgery can drive the market demand exponentially.
MRFR segments the global insulinoma market by type, diagnosis, treatment, and end-user.
Based on the type, the insulinoma market can be segmented into benign and metastasize.
Based on diagnosis, the insulinoma market includes magnetic resonance imaging (MRI), computed tomography (CT), endoscopic ultrasound, blood test, and others.
Based on treatment, the insulinoma market comprises chemotherapy, surgery, radiofrequency ablation, and drugs.
The Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are the four major regions in which the region-specific analysis of the global insulinoma market has been segmented.
The Americas accounted for a majority of the global market and will be dominant during the forecast period. Large allocation of healthcare expenditure for the welfare of the public and extensive reliance on medications are factors driving the regional insulinoma market. Uptick in the development of new products and number of surgeries are other major developments which can bode well.
Europe is the second biggest region for the global insulinoma market due to the large number of bariatric surgeries and diabetics. Large healthcare sector and high expendable income levels of patients can be lucrative for the market in the region. France, Germany, and the U.K. are countries expected to contribute the maximum to the global insulinoma market.
Medtronic, Cook Medical Inc., Pfizer Plc., Boston Scientific Corporation, Abcam plc, Olympus, Entax Medical, Ciron Drugs & Pharmaceutical Ltd., and others are prominent companies profiled in the global insulinoma market report.
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