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Global Ascites Market to Grow at a CAGR of 5% During 2021-2026, Aided by the Growing Awareness about the Disease and Its Treatment Methodologies

According to a new report by EMR titled, ‘Global Ascites Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 5% in the forecast period of 2021-2026.

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.

Market Analysis by Type, Treatment, Diagnosis, and Region:

  • Based on type, the ascites industry can be classified into transudative, and exudative.
  • By diagnosis, the market is segmented into angiography, CT scan, laparoscopy, and ultrasound, among others.
  • Based on treatment, the market is categorised into medicinal therapy, liver transplantation, and paracentesis, among others. 
  • The regional markets for ascites include North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

  • The rising number of patients affected by liver cirrhosis across the globe is driving the ascites industry.
  • The growing awareness regarding ascites, its diagnosis, and treatment are aiding the market growth.
  • The rising research and development activities in the healthcare sector are expected to aid market growth.
  • Furthermore, rising disposable income and growing healthcare infrastructure in developing countries are expected to add to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global ascites market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the type, treatment, diagnosis, and regions of ascites.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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