Varicocele Market Growth Drivers and Restrains Analysis by 2028
Varicocele market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 4.60% in the above mentioned forecast period.
Varicocele is defined as the swelling of veins inside the scrotum. The veins are called pampiniform plexus. It is also known as varicose veins – scrotum. Varicocele can causes decreased production of sperm and quality and often leads to the infertility. It can also shrink the testicles. It is a very common disorder. It can be found in 20 percent of adolescent males and 15 percent of the adult male population.
Rise in the prevalence of varicocele, growing healthcare expenditure, development of treatment options, growing government funding, rising initiatives by government and private organisations to spread awareness about the disease are the factors that will expand the varicocele market.
Rise in the research and development activities and advancement in treatment and diagnostic methods will provide beneficial opportunities for the varicocele market in the forecast period of 2021-2028.
However, high cost of treatment and complications associated with varicocele such as atrophic testis, formation of blood clots, infection and infertility are the factors that will hinder the market growth and will further challenge the varicocele market in the forecast period mentioned above.
Read Full Report Summary @ https://www.databridgemarketresearch.com/reports/global-varicocele-market
North America dominates the varicocele market due to the presence of major key players, growing investment for R&D activities, high healthcare expenditure and well-developed healthcare sector in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising investment in the healthcare sector and growing government support.
The major players covered in the varicocele market report are Assertio Holdings, Inc., Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Bayer AG, Mylan N.V., Janssen Pharmaceuticals, Inc., Purdue Pharma L.P., Lilly, Abbott, Endo International plc, Merck Sharp & Dohme Corp., Allergan, Johnson & Johnson Private Limited, Boehringer Ingelheim International GmbH., Bristol-Myers Squibb Company, Bausch Health Companies Inc., Sorrento Therapeutics, Inc., WEX Pharmaceuticals Inc., Zynerba Pharmaceuticals, Inc., Estrellas Life Sciences Pvt. Ltd., among other domestic and global players.
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