Insulinoma Market Information: By Types (Benign, Metastasize) By Diagnosis (Blood Test, Endoscopic Ultrasound, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Others), Treatment (Surgery, Drugs, Radiofrequency Ablation, Chemotherapy, Others) By End User – Global Forecast Till 2023
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. The global Insulinoma Treatment Market report compiled by Market Research Future (MRFR) consists of pertinent drivers, restraints, and opportunities for growth.
The global Insulinoma Treatment 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.
Product development as well as upgrades in technology hold the key to eradicating the disease. In addition, minimally invasive surgeries and development of miniature equipment and tools can drive the market demand. The rising use of dietary therapy combined with enteral feeds can keep malignant tumors at bay. Glucagon is one of the most preferred treatment for controlling sugar levels. Keeping this in mind, Lilly Diabetes, an arm of Eli Lilly and Company, has launched an Android version of the application which provide caregivers with information on injecting patients with the right dosage and alerts customers of the expiration date of kits.
MRFR segments the global Insulinoma Treatment Market by type, diagnosis, treatment, and end-user.
Based on the type, the Insulinoma Treatment Market can be segmented into benign and metastasize.
Based on diagnosis, the Insulinoma Treatment Market includes magnetic resonance imaging (MRI), computed tomography (CT), endoscopic ultrasound, blood test, and others.
Based on treatment, the Insulinoma Treatment Market comprises chemotherapy, surgery, radiofrequency ablation, and drugs.
Based on end-user, the market targets academic & research, hospitals & clinics, and others.
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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 Treatment 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 Treatment 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 Treatment 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 Treatment Market.
The APAC region is projected to exhibit a robust CAGR during the forecast period due to countries of China and India. Unmet needs and measures undertaken by various pharmaceutical companies to keep hypoglycemia levels under check can bode well for the region.
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 Treatment Market report.
Researchers at the Queen Mary University of London have discerned the presence of a new gene, MAFA, which holds the key to dispensing insulin and be instrumental in the treatment of all types of diabetes. This study was conducted using the families containing diabetes and insulinomas due to the defective gene.
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