April 24, 2024
Global Undescended Testicle

Global Undescended Testicle Market Is Estimated To Witness High Growth Owing To Increased Incidence Of Undescended Testis

Undescended testis, also known as undescended testicle, is a condition in which one or both testicles remains in the abdomen or groin area and does not descend into the scrotum. This condition requires surgical correction to bring the testis into the scrotum or remove it. Advances in surgical techniques such as orchiopexy and laparoscopic procedures have increased the adoption rates.

The Global Undescended Testicle Market Size Is Estimated To Be Valued At US$ 4.51 Bn In 2024 And Is Expected To Exhibit A CAGR Of 7.3% Over The Forecast Period 2024-2031.

Key Takeaways

Key players operating in the global undescended testicle market are Ferring Pharmaceuticals, Pfizer, Eli Lilly and Company, Sanofi, Merck & Co., Bayer AG, Endo International, AstraZeneca, Johnson & Johnson, Takeda Pharmaceutical. Key players are focused on launching new drugs and surgical techniques to treat undescended testis.

The increasing awareness about treatment and management of undescended testis presents significant growth opportunities in the market. Furthermore, rising medical tourism in developing countries provide lucrative opportunities for players in the market.

Globally, the increasing healthcare expenditure and economic growth is supporting the market expansion in developing regions. Asia Pacific region is expected to witness highest growth owing to rising incidence of undescended testis and growing medical facilities.

Market Drivers

The global undescended testicle market is driven by the increasing incidence of undescended testis. As per statistics, undescended testis affects 1-4% of full-term male infants and 30% of preterm male infants. If left untreated, it can increase the risk of infertility, testicular cancer and poor semen quality in adulthood. Thus, rising awareness about managing this condition early is supporting the market growth.

In addition, the preference of minimally invasive surgeries such as laparoscopic procedures over open surgeries is positively impacting the market. It offers benefits such as less post-procedural pain, less hospital stay and faster recovery time. Furthermore, technological advancements in this field are enabling surgeons to treat complex cases of undescended testis, thus boosting the market expansion.

Pest Analysis

Political: The government policies and regulations influencing reimbursement coverage for undescended testicle correction procedures will affect the market growth. Regulations related to drug approval will also impact availability of treatment options.

Economic: Factors such as rising healthcare expenditure, increasing awareness regarding testicular health, and growing per capita incomes are fueling the market growth. However, high cost of surgery can restrain the market in terms of affordability.

Social: Growing focus on men’s health issues and acceptance of medical procedures related to genitals is positively influencing the market. Social stigma regarding conditions related to genitals is decreasing over time.

Technological: Advancements in minimally invasive surgical techniques and drugs for undescended testicle correction are driving the market growth. Developments in robotic and laparoscopic procedures are allowing surgeries with shorter recovery times and minimal incisions.

Geographical Concentration

In terms of value, the market is primarily concentrated in North America and Europe due to high awareness levels, developed healthcare infrastructure, and favorable reimbursement policies. These regions account for over 60% of the global market value.

Fastest Growing Region

The Asia Pacific market is poised to grow at the fastest pace during the forecast period. This can be attributed to rise in healthcare expenditure, developing healthcare systems, increasing patient awareness, and presence of untapped opportunities in emerging countries such as India and China.

What are the key data covered in this Global Undescended Testicle Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global Undescended Testicle Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Undescended Testicle Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Global Undescended Testicle Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global Undescended Testicle Market vendors

FAQ’s

Q.1 What are the main factors influencing the Global Undescended Testicle market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Undescended Testicle Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Undescended Testicle market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it