Market Highlights
Costochondritis is the most common rib inflammatory disease. It is a condition when there is a temporary chest pain. Costochondritis can be caused due to repeated exercise and result in chest pain.
The costochondritis market is expected to witness tremendous growth owing to the rising prevalence of various cardiovascular diseases, car accidents, and certain respiratory conditions, such as syphilis. It can also be caused due to tuberculosis or virus infections that can cause some inflammation, and rising hypertension cases as well.
It is estimated that the global costochondritis market size is expected to register an increasing CAGR during the forecast period from 2018 to 2023.
Other key factors such as the change to a sedentary lifestyle and inflammatory heart diseases are contributing towards the growth of the market. According to the guidelines of the Public Health England January 2017, it has been projected that hypertension would be affecting more than 1.5 billion people around the world by 2025. Such an incidence rate of hypertension promotes market growth.
However, factors such as high cost of surgical procedures, expensive treatments, lack of awareness about the treatment, and the side effects associated with medication are expected to hinder the growth of the costochondritis market during the forecast period.
Segmentation
The global costochondritis market is segmented on the basis of diagnosis, treatment, and end-user. The costochondritis market, by diagnosis, is categorized into various tests. The test is sub-segmented into echocardiogram, electrocardiogram, stress tests, cardiac catheterization, chest X-ray, cardiac MRI, and CT scan. On the basis of treatment, the market is segmented into medications, therapy, and surgery.
The medications treatment is further sub-segmented into nonsteroidal anti-inflammatory drugs, narcotics, antidepressants, and anti-seizure drugs. Therapy is sub-segmented into stretching exercises and nerve stimulation. On the basis of end-user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic centers, research centers, and others.
