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Europe and North America are expected to hold a significant share of the global ascites industry. Well established healthcare industry in developed countries is driving the market growth in these regions. Meanwhile, the Asia Pacific is expected to be one of the fastest-growing regional markets owing to the enhancing living standards and growing health consciousness. Latin American countries such as Brazil, Argentina, and Mexico are expected to witness steady growth. Further, the market in Africa is anticipated to have a gradual growth due to poor healthcare infrastructure and the economy in African countries.
The market is being aided by healthy competition among the industry key players, such as BioVie Inc. and Sanofi Inc. In June 2020, BioVie Inc. (NASDAQ: BIVI), a specialist in ascites treatment, announced top-line results for its primary objectives in phase 2a clinical trial of biv201 in refractory ascites. In 2021, Sanofi Inc. (EPA: SAN) and Translate Bio (NASDAQ: TBIO) announced the extension of collaboration to develop mRNA vaccines to treat infectious diseases affecting the liver. This is expected to strengthen its position in the global ascites industry. Further, such developments in the industry over the forecast period is expected to boost the market growth in the coming years.
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The major players in the global market for ascites are Becton, Dickinson and Company, BioVie Inc., Sequana Medical NV, and Sanofi Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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