Esophageal Catheters: Market Insights
Esophageal catheters are used for the removal of esophageal foreign bodies and for measuring esophageal pressure. An esophageal catheter is a thin tube, which is used to drain all the foreign particles from the esophagus. There are various types of catheters including cardiovascular catheters, esophageal catheters, urology catheters etc. The companies are basically focusing on new product development, which can increase the growth of the esophageal catheters market. The key players are trying to find new and innovative technologies, which can drive the growth of the market significantly.
Technological advancement, is one of the important factor, which is responsible for the growth of esophageal catheters market.
In 2013, Medtronic launched Barrx Channel RFA endoscopic catheter for treating Barrett’s esophagus and certain gastrointestinal bleeding disorders.
Esophageal Catheters: Market Dynamics
Increasing prevalence of esophageal chronic disorders, is one of the important factor driving the growth of esophageal catheters market. Increasing research and developmental activities, can also increase the growth of esophageal catheters market. Other factors such as increasing healthcare awareness, increasing number of hospitals and ambulatory surgical centers, increasing population, increasing disposable income etc., can increase the growth of esophageal catheters market. Increasing number of surgical procedures and increasing demand of minimally invasive surgeries, can increase the growth of esophageal catheters market. Technological advancements leading to novel and advanced products, is expected to drive the growth of esophageal catheters market. Increasing geriatric population, is also expected to increase the growth of esophageal catheters market as geriatric population is prone to many chronic diseases. Increasing adoption of poor lifestyle habits such as lack of exercise, having a hectic and stressful routine, is expected to increase the growth of global esophageal catheters market. The prevalence of gastroesophageal reflux disease is increasing, which in turn, can increase the overall growth of the esopahageal catheters market.
There are few factors which can restrain the growth of esophageal catheters market. Restraints of esophageal catheters such as stringent approval of esophageal catheters and high cost of esophageal catheters, are expected to hinder the growth of esophageal catheters market. Other factors such as poor availability of esophageal catheters in some of the developing regions, is also expected to hinder the overall growth of the esophageal catheters market.
Global Esophageal Catheters Market: Overview
Based on product type, the global esophageal catheters market has been segmented into balloon dilation catheters, irrigation catheters and pressure monitoring catheters. Balloon dilation catheters are expected to hold a large revenue share in the global esophageal catheters market. Based on the end user, the global esophageal catheter market has been segmented into hospitals, ambulatory surgical centers and others. Hospitals are expected to hold a large revenue share in the overall market.
Global Esophageal Catheters Market: Region-wise Outlook
On the basis of geography, Global Esophageal Catheters Market is segmented into various key regions viz. North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa. North America is expected to hold a large revenue shares in the esophageal catheters market primarily due to presence of large number of hospitals and high quality healthcare infrastructure for clinical research and strict regulatory bodies. Europe, followed by North America is expected to a large revenue share in the global esophageal catheters market due to increasing population and increasing prevalence of esophageal diseases. Asia Pacific is also expected to show a large revenue share in the global esophageal catheters market because of increasing healthcare awareness.
Global Esophageal Catheters Market: Key Players
New product development & approval and mergers with other key players are the key strategies adopted by the companies, manufacturing esophageal catheters. There are many key players operating in esophageal catheters market. Some of the key players present in global esophageal catheters market are
- CooperSurgical, Inc.
- Pennine Healthcare
- EB Neuro S.p.A
- PanMed Us
- Boston Scientific Corporation
- PENTAX Medical
The report covers exhaustive analysis on:
- Esophageal Catheters Market Segments
- Esophageal Catheters Market Dynamics
- Esophageal Catheters Market Size
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- The Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Esophageal Catheters Market: Segmentation
Segmentation by Product Type
- Balloon Dilation Catheter
- Irrigation Catheter
- Pressure Monitoring Catheter
Segmentation by End User
- Ambulatory Surgical Center
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.