Undescended testis is one of the most prevalent pediatric operating conditions after inguinal hernias. About 5 % of boys have a UDT at birth, 1–2 % at 3 months, and 1 % at one year; thus, it is uncommon for testes to descend after three months. It was also witnessed that about 3-4% of full-term baby boys are born with cryptorchidism, where one or both testicles are not located in the expected scrotal position.
According to Data Bridge Market Research, the expected CAGR of the Undescended Testicle Market tends to be around 5.50% in the mentioned forecast period. The market was valued at USD 100 million in 2022 and would grow to USD 153.4 million by 2030.
“Availability of Varied Treatment Options Surge the Market Growth”
The new emerging research organizations in the market are provided with numerous treatments and use the knowledge of professionals in several clinical disciplines that, causes significant advances in this regard. An undescended testicle is generally corrected with a surgical option. The surgeon carefully operates the testicle into the scrotum and stitches it into place. This process can be done typically with a laparoscope or with open surgery. Furthermore, hormone treatment is also available for this diseased condition. Thus, this factor boosts market growth.
What restraints the growth of the Global Undescended Testicle Market?
“High Cost of Treatment Procedures”
The huge expenditure required for the treatment processes hampers the market growth. Numerous market players are making several high-end investments in developing new and advanced treatment procedures to increase the recovery process, and thus, in return, the cost is increased. Different types of surgery, such as orchiopexy, hormonal treatment, and others, demand costly equipment and chemicals. All these major factors impede the growth of the market.
Segmentation: Global Undescended Testicle Market
The global undescended testicle market is segmented on the basis of diagnosis, population, indication, complications, distribution channel and end-user.
- On the basis of diagnosis, the undescended testicle market is segmented into laparoscopy, open surgery.
- On the basis of population, the undescended testicle market is segmented into neonates, children.
- On the basis of indication, the undescended testicle market is segmented into retractile testicle, ascending testicle.
- On the basis of complications, the undescended testicle market is segmented into infertility, testicular cancer
- On the basis of end-user, the undescended testicle market is segmented into hospitals, specialty clinics, others
- On the basis of distribution channel, the undescended testicle market is segmented into hospital pharmacy, retail pharmacy, online pharmacies, and others
Regional Insights: North America is expected to dominate the Global Undescended Testicle Market
North America dominates the market due to the rise in the advancement in the healthcare sector and the increase in research and development activities in this region. High medical expenditure and availability of advanced treatment options lead to market growth.
Asia-Pacific is expected to grow in 2022-2029 due to a rise in government support in this region. Also, the increasing incidence of testicular cancer, large patient pools, and younger males in this region boost the market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-undescended-testicle-market
The Prominent Key Players Operating in the Global Undescended Testicle Market Include:
- Sebbin (France)
- Implantech (U.S.)
- Coloplast Pvt. Ltd (India)
- POLYTECH Health & Aesthetics GmbH (Germany)
- Promedon (Germany)
- UROMED (Germany)
- GC Aesthetics (Ireland)
- Rigicon Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global undescended testicle market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Undescended Testicle Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.