Hemangioma Market is projected to grow at a CAGR of 3.2% by 2023

Global Hemangioma Market information, by type (Capillary hemangioma, Cavernous hemangioma, Compound hemangioma, Lobular capillary hemangioma (pyogenic granuloma), and others), by diagnosis (Ultrasound, MRI, CT scan, and others), by Treatment (medical therapies, laser therapy, surgery) – Forecast to 2023

Market Highlights:

The global Hemangioma treatment market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Increasing prevelence of hemangioma is major driver for the market. Introduction of new drugs and therapies are leading the market growth. Increasing use of various laser therapies are also key factor for the market growth. Hospitals are working on new treatment option that also responsible for the growth of global hemangioma market.

The market for Hemangioma Treatment was around US$ 236.5 million in 2016 and is expected to reach US$ 234.8 million which is projected to grow at a CAGR of 3.2% by 2023.

Major Players of Market:

  • Pharmaceuticals, LLC. (US),
  • AstraZeneca (UK),
  • Cutting Edge Laser Technologies (us),
  • Linline Medical Systems (France),
  • Novartis AG (Switzerland),
  • Pfizer Inc. (US),
  • Pierre Fabre (US)
  • Quanta System S.p.A. (Italy),

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Increasing prevalence of hemangioma is driving the global market. Major players of this market are pharmaceutical manufacturers as well as medical devices manufacturers. Every company is funding in R&D and new product development. Introduction of advanced product is giving them edge over the competition. These companies are working with hospitals to develop more usable solution for the market. Most of the business is coming from North America and Europe but due to rapid growth of Asia-Pacific, companies are focusing on this region. Increasing adoption of technologically advanced products, therapies and treatment options are increasing the competition in this market. Due to sure and steady growth of this market, the competition is stable.

Regional Analysis:

Considering the global scenario of the hemangioma market, US is one of the largest market for hemangioma that is largest in North America region. North America was holding about ~34% of share in global hemangioma market in 2016. While the European market is second largest market and Western Europe nations like UK and Germany is the growing with the fastest rate and accounts largest share in European market. Due to increasing knowledge about hemangioma, rapidly developing healthcare industry, and increasing spending on healthcare, Asia-Pacific region will be fastest growing market for hemangioma during the forecast period. Middle East and Africa is expected to grow at steady pace during the forecast period. Some factors are inhibiting the growth of Middle East and Africa market such as lack of awareness and limited access to the healthcare.

Taste the market data and market information presented through more than 49 market data tables and figures spread over 68 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Hemangioma Market Research Report –Global Forecast to 2023.”

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Segmentation:

Global Hemangioma Market has been segmented on the basis of type which includes Capillary hemangioma, Cavernous hemangioma, Compound hemangioma, Lobular capillary hemangioma (pyogenic granuloma), and others. Cavernous hemangioma is further sub-segmented into cerebral cavernous malformations, liver cavernous hemangioma, and Eye cavernous hemangioma.

On the basis of diagnosis, the market is segmented into Ultrasound, MRI, CT scan, and others.

On the basis of treatment, the market is segmented into medical therapy, laser therapy, surgery, and others.  Medical therapy is further sub-segmented into systemic, intralesional and topical. Laser therapy is sub-segmented into Flash lamp pulsed dye laser, intralesional laser, carbon dioxide laser.

Table of Content

1.       Report Prologue

2.       Introduction

2.1     Definition

2.2     Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3    Market Structure

2.4.   Market Segmentation

3.      Research Methodology

3.1    Research Process

3.2    Primary Research

Continued…..

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