The global ebstein’s anomaly market is expected to generate a market value of US$ 13.90 billion in 2023 and a market value of US$ 30 billion by 2023-2033, at a CAGR of 8%. The increasing prevalence of people suffering from heart diseases can be attributed to the growth of the ebstein’s anomaly market. In the historical period 2018-2022, the market for ebstein’s anomaly grew at a CAGR of 4.5%.
The number of babies born with Ebstein’s anomaly is rapidly increasing. The lack of appropriate treatment and research to find a suitable treatment and manufacture medications is contributing to the market’s growth. Furthermore, pharmaceutical companies are investing in research and medication to treat the disease.
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According to market research and competitive intelligence provider Future Market Insights, the market for Ebstein’s anomaly increased by 8% from 2017 to 2022.
One in every 200,000 babies is born with ebstein’s anomaly, according to the Cleveland Clinic. With the world’s population rapidly increasing, the number of babies suffering from the condition is expected to rise. Furthermore, technological advancements and extensive research to manufacture medication for Epstein-Barr syndrome are expected to positively influence market demand.
Thus, the market for Ebstein’s anomaly is expected to grow at a CAGR of 4.5% between 2023 and 2033.
What Are Some of the Most Important Drivers of the Ebstein’s Anomaly Market?
Genetic disorders and medication exposure are driving the market for ebstein’s anomaly cases.
Ebstein’s anomaly is a rare congenital disease caused by improper tricuspid valve development during the first eight weeks of foetal development. This condition occurs when the tricuspid valve, which separates the two chambers of the right side of the heart, does not form properly.
Ebstein’s anomaly could be caused by a variety of factors, including genetics and environment. Children born into a family history of heart defects may be predisposed to Ebstein’s anomaly. Certain medications, such as lithium, can cause Ebstein’s anomaly in the child if the mother is exposed to them.
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Increasing number of congenital diseases contributing to ebstein’s anomaly market
The global Ebstein’s Anomaly market is driven by the increasing number of congenital heart diseases and growing population; growing market players has increased the scope of Ebstein’s Anomaly market. Technological advancements, owing to which new and advanced products are being launched in the market, is another factor propelling the growth of this market.
Manufacturers of medication for ebstein’s anomaly are undertaking extensive research to form and produce medicines to treat or reduce the pain caused by the ailment. The integration of technology and knowledge is creating lucrative opportunities for the production of medication to treat ebstein’s anomaly.
Key Segments Profiled in the Ebstein’s Anomaly Industry Survey
Treatment:
- Medical
- Surgical Treatment
- Tricuspid Valve Repair
- Tricuspid Valve Replacement
- Closure of the Atrial Septal Defect
- Maze Procedure
Diagnosis:
- Echocardiogram
- Electrocardiogram
- Chest X ray
- Cardiac MRI
- Holter Monitor
- Pulse Oximetry
- Exercise Stress Test
- Electrophysiology Study
- Cardiac Catheterization
End User:
- Hospitals & Surgical Centres
- Specialty Clinics
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