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Esophageal Catheters Market

Esophageal Catheters Market By Product Type (Balloon Dilation Catheter, Irrigation Catheter, Pressure Monitoring Catheter), End User (Hospitals, Ambulatory Surgical Center)& Region - Forecast 2022-2032

Market Insights on Esophageal Catheters covering sales outlook, demand forecast & up-to-date key trends

Esophageal Catheters Market Overview

Global Esophageal Catheters Market demand is anticipated to be valued at US$ 2.2 Billion in 2022, forecast to grow at a CAGR of 7.4% to be valued at US$ 4.5 Billion from 2022 to 2032. The growth of the Esophageal Catheters Market is attributed to its global utilization across the Healthcare industry.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 2.1 Billion

Expected Market Value (2022)

US$ 2.2 Billion

Anticipated Forecast Value (2032)

US$ 4.5 Billion

Projected Growth Rate (2022-2032)

7.4% CAGR

An Esophageal Catheter consists of pressure sensors, which is passed through the patient’s nose down the esophagus and stomach in a test named esophageal manometry. Esophageal manometry is used to measure the rhythmic muscle contractions that occur in esophagus when patient swallow is also used to measure the coordination and force of the esophageal muscles as they move food into the stomach. Esophageal manometry may be used to help diagnose diffuse esophageal spasm, Achalasia, Scleroderma, gastroesophageal reflux disease (GERD), chest pain etc.

North America is considered to be a dominant region for the Esophageal Catheters Market, owing to the increasing prevalence of gastrointestinal diseases in the region.

The major factor that is expected to propel the growth of the Esophageal Catheters Market during the forecast period includes the growing prevalence of chronic esophageal disorders and raising R&D activities.

Which are Some Prominent Drivers Spearheading Esophageal Catheters Market Growth?

The major factor that is expected to drive the growth of Esophageal Catheters Market during the forecast period includes the growing prevalence of chronic esophageal disorders and raising R&D activities.

Moreover, growing surgical procedures number, increasing healthcare awareness and growing demand for minimally invasive surgeries are some other factors that are expected to accelerate the growth of the Esophageal Catheters Market during the forecast period.

Additionally, technological advancements and growing elderly populace as they are more prone to many chronic diseases are other major factors that are expected to favor the growth of esophageal catheters market globally.

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What are the Challenges Faced by the Esophageal Catheters Industry?

The major factor that is expected to hamper the growth of the Esophageal Catheters Market during the forecast period includes stringent regulatory approvals.

Moreover, some other factors that are expected to hinder the market growth include poor availability of esophageal catheters in emerging nations, and the high cost of the devices.

How is North America emerging as an Opportunistic Esophageal Catheters Market?

North America is the largest market for esophageal catheters, owing to the factors such as the increasing prevalence of gastrointestinal diseases, favorable reimbursement policies, the aging population, and the presence of major market players in the region.

There is a rising prevalence of GERD across the world, although there are marked differences in the reported prevalence, ranging from 14% to 26% in North America. However, it can be correlated with the rising prevalence of obesity, along with other dietary factors, in many countries. Additionally, North America Esophageal Catheters Market is expected to expand at a 6% CAGR during the forecast period.

Sabyasachi Ghosh
Principal Consultant
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How is Europe Contributing to Growth of the Esophageal Catheters Market?

According to Future Market Insights, Europe is anticipated to witness growth at a lucrative rate over the forecast period, owing to the increasing population as well as increasing prevalence of esophageal diseases in the region.

Moreover, the region is also expected to show a large revenue share in the global esophageal catheters market, attributed to the increasing healthcare awareness.

Market Competition

Some of the key participants present in the global Esophageal Catheters Market include CooperSurgical, Inc., Pennine Healthcare, EB Neuro S.p.A., PanMed US, Boston Scientific Corporation, Medtronic, and PENTAX Medical, among others.  

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as CooperSurgical, Inc., and Pennine Healthcare account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 7.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • End User
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Poland
  • Russia
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • CooperSurgical, Inc.
  • Pennine Healthcare
  • EB Neuro S.p.A.
  • PanMed Us
  • Boston Scientific Corporation
  • Medtronic
  • PENTAX Medical

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Key Segments Profiled in the Esophageal Catheters Industry Survey

Product Type:

  • Balloon Dilation Esophageal Catheter
  • Irrigation Esophageal Catheter
  • Pressure Monitoring Esophageal Catheter

End User:

  • Esophageal Catheters for Hospitals
  • Esophageal Catheters for Ambulatory Surgical Centers
  • Esophageal Catheters for Other End Users

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Esophageal Catheters Market to expand at a 7.4% value CAGR by 2032

North America is expected to be the most opportunistic Esophageal Catheters Market, expanding at a 6% CAGR

CooperSurgical, Inc., Pennine Healthcare, EB Neuro S.p.A., PanMed Us, Boston Scientific Corporation, Medtronic, and PENTAX Medical, among others are some prominent esophageal catheters Market players

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Esophageal Catheters Market