Manometry System Market

Manometry System Market by Product, Portability, End User & Region for 2021 – 2031: Analysis and Review

Global Manometry Systems Market Snapshot

[250 Pages Report] Sales of global manometry systems market totaled US$ 157.3 Mn in 2020. The market registered positive growth at 5.4% CAGR, reaching a valuation of US$ 279.6 Mn by the end of 2031, according to Future Market Insights’ (FMI’s) latest study.

Rising incidence of fecal incontinence and constipation, increasing elderly population, technological advancements and expansion of healthcare infrastructure are the primary factors driving the manometry system market.

Base Year Value (2020A)

US$ 157.3 Mn

Projected year (2031) Market Value

US$ 279.6 Mn

CAGR% (2021-2031)

5.4% CAGR

2016-2020 Manometry System Demand Outlook Compared to 2021-2031 Forecast

According to Future Market Insights (FMI), sales of manometry systems registered sluggish growth rate at 3.2% CAGR between 2016 and 2020. Rising prevalence of gastrointestinal motility diseases such as dysphagia, hiatal hernia, and others are driving the adoption of manometry system across the globe.

Rising patient pool, increasing investment in the development of healthcare infrastructure are some of the factors aiding the market growth. New product launches and technological advancement, followed by mergers & acquisitions also have emerged as a key growth strategy adopted by the leading players in the manometry system market.

For instance, in December 2020, Diversatek Healthcare announces the commercial release of MiVu™, first GERD testing tool to detect esophageal mucosal changes instantly, during routine endoscopy.

In August 2021, Medtronic acquired Intersect ENT to add innovative bioabsorbable drug release platform to chronic rhinosinusitis portfolio.

In February 2020, Laborie’s launched new NXT Pro Urodynamics (UDS) system having variety of features and designed to make the user operations simpler and more intuitive. In addition, technological enhancements allow automation of several aspects of the exam and Bluetooth connections to monitoring devices

As per FMI’s analysis, the market is consolidated and is dominated by players such as EB Neuro S.p.A, MEDSPIRA, Medtronic, Medica S.p.A., RMS Medical Devices, MARQUAT Génie Biomédical, Diversatek Inc., Dentsleeve International Ltd., LABORIE, Prometheus Group, Smart Medical Group, Synectics Medical Limited, Medovations Inc., Sierra Scientific, and Urotech Gmbh.

Future Market Insights expects the global market to grow at a CAGR of 5.4 % by 2031-end. Growth in the market is attributed to major companies actively participating in approval, partnership, collaboration, merger and acquisitions expanding their market presence and strengthening their product portfolios.

Increasing Demand for Portable Manometry Systems to Induce Lucrative Growth Opportunities

Introduction of a new concept of portable manometry device was a revolutionary step in market. As these systems delivered ultra-precise results with real-time data on a tablet PC workstation, demand for portable manometry systems soared.

Portable manometry system is a cost-efficient solution for diagnosing patients suffering from incontinence, chronic constipation, and other lower gastrointestinal tract disorders. It also helps the urogynaecologists to easily distinguish and diagnose specific anorectal problems.

Medspira's Mcompass is the world's first portable, easy-to-use manometry device, making testing simple, quick, and adaptable. Such innovations are expected to provide promising growth opportunity for the manometry system market.

What are the Key Opportunities for Market Players?

Key companies are emphasizing on developing technologically advanced and innovative products by investing in research and development activities to gain competitive edge. Increasing demand for technologically advanced products and equipment installed base in end-use facilities has also provided a huge opportunity for the market players.

Improvement and streamlining of regulatory processes and growing funding for life science research in developing countries are expected to boost product portfolio and development of manometry system market players.

Companies are focusing on merger, collaborations and acquisition for global expansion and has witnessed a dramatic increase in demand for manometry system in recent years.

What is the Impact of the COVID-19 on the Manometry System Market?

COVID-19 is anticipated to have a significant impact on the care provided in gastrointestinal motility units. Demand for manometry systems has surged as the number of patients admitted in critical care units is increasing.

As these patients are more susceptible to gastrointestinal motility disorders including achalasia, mega colon, chronic bowel pseudo-obstruction, and serious congenital diseases like hirschsprung disease, demand for manometry system is increasing.

However, with ongoing vaccination drive across the globe and recovery in manufacturing facilities, demand for the manometry systems market is expected to grow at a slower pace during the forecast period.

As portable manometry system is easy to use and are used in most of healthcare settings, its demand surged during the pandemic. These portable manometry systems are compact and light weight which provides accurate analysis of pressure values during different functional phases.

FMI estimates, the market is expected to witness steady growth at a slower pace through 2023 and beyond as demand is expected decline post-pandemic.

Country-wise Insights

Will the U.S. Remain a Key Market for Manometry System?

As per Future Market Insights, the U.S. is expected to dominate the North America’s manometry system market, accounting for over 91.4% value share in 2021. Growth in the country is primarily driven by increasing patient pool with gastrointestinal motility diseases, and surging adoption of technology and high cost of healthcare from private and public sector.

These factors are expected to drive the growth of manometry system market in the U.S.

How will the Manometry System Market Fare in Germany?

Germany’s manometry system market is expected to account for over 20% of the total market share in 2021. As per the study, Germany is anticipated to emerge as the most lucrative market across Europe.

Demand in is primarily due to factors such as broad medical applications, rising investment by the various governing bodies in the development of health care infrastructure, increasing number of gastrointestinal processes and growing awareness among patients and physicians for manometry system.

Will China Emerge as the Leading Market across East Asia?

Demand for manometry systems in China is expected to grow at 8.0% CAGR in East Asia throughout the forecast period. In China, high prevalence of gastro-intestinal motility diseases, increasing elderly population, disposable incomes, and favorable government policies and funding for life science research are the factors affecting current and future market trends.

Implementation of healthcare reforms, and health awareness is a major factor driving market growth in the forecast period. 

Category-wise Insights

Why is Demand for Anorectal Sheath & Catheters Manometry System Rising?

In terms of product, the system sheath & catheters will hold leading share of around 55.0% in 2021. Demand for sheath and catheters manometry system is projected to rise at 4.3% CAGR during the forecast period.

As system sheath & catheters minimize risk of cross-contamination, reduce manual cleaning efforts and can be removed and discarded immediately after procedure, adoption is expected to surge over the forthcoming decade.

Why are Stand Alone Manometry System Highly Sought-After?

Based on portability, the stand alone manometry system is expected to hold mammoth’s share, capturing market value for 55.4% in 2020. Driven by its enhanced sensitivity as it provides useful information to support diagnosis of conditions such as dysphagia, achalasia, and hiatal hernia, adoption within hospitals and diagnostic centers has increased.

Stand-alone manometry systems also helps to get complete pressure profile of patients, which is expected to continue to boost the demand during the forecast period. 

Why is Demand for Manometry Systems in Hospitals Increasing?

In terms of end user, hospital segment is expected to account for 37.9% of the market share in 2021. Expanding patient pool and rising demand for hospital stay that is short-term is expected to boost the segment growth.

Also, increasing number of gastrointestinal processes like endoscopy that is being done at hospitals are likely to fuel the segment growth.

Competitive Landscape

Key players operating in the manometry systems market are relying on a slew of expansion strategies such as mergers and acquisition, collaboration, and partnerships with other market players. For instance,

In February 2021, SMART Medical Systems subsidy of Albyn Medical received the additional FDA Clearance for its G-EYE® Colonoscope, and Commences Clinical Work in the USA. G-EYE® Colonoscope is the advanced detection and therapy that help the physicians to find potential adenomas, polyps hiding behind, flat lesions between or on the colonic folds.

In November 2020. ALBYN MEDICAL SL, a Creo Medical Company specialized in Urology and Gastroenterology, announced that it has acquired BOUCART MEDICAL SRL. A leading company that distributes endoscopy accessories based in Brussels, Belgium.

In October 2020, LABORIE Medical Technologies enters into strategic partnership with Urotronic to support regulatory approval of Optilume™, a drug-coated balloon (DCB) technology for use in urethral strictures and benign prostatic hyperplasia (BPH).

In October 2020, Synergy Medical and Parata Systems merge to create pharmacy automation leader. This merger will help in expanding and offer an innovative pharmacy automation technologies to meet the needs of retail, hospital, long-term care, government, and direct-to-home pharmacies.

In April 2017, Diversatek Inc. merged Sandhill Scientific and Medovations to boost the company’s presence in the endoscopy and GI diagnostic marketplace.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for value and Units for Volume

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Product, Portability, End User, and Region

Key Companies Profiled

  • EB Neuro S.p.A
  • MEDSPIRA
  • Medtronic
  • Medica S.p.A.
  • RMS Medical Devices
  • MARQUAT Génie Biomédical
  • Diversatek Inc.
  • Dentsleeve International Ltd.
  • LABORIE
  • Prometheus Group
  • Smart Medical Group
  • Synectics Medical Limited
  • Medovations Inc.
  • Sierra Scientific
  • Urotech Gmbh
  • Others

Report Coverage

Market Forecast, brand share analysis, competition Intelligence, DROT Analysis, Market Dynamics and Challenges and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • How much is the manometry system market worth?

    The global manometry system market was valued at US$ 157.3 Mn in 2020 and is expected to register a CAGR of 5.4% during the forecast period (2021-2031).

  • What are the factors driving demand outlook of the global manometry system market?

    The global manometry systems market is projected to reflect high demand in the forecast period due to the rising prevalence and incidence rates of fecal incontinence and constipation, increasing number of gastrointestinal processes, technological advancement in the manometry system and new products launches.

  • Which is the most lucrative market for manometry system market?

    North America currently holds 38.9% of the global market share in manometry system market in 2021. With the U.S. leading the market, surpassing US$ 58.6 Mn in 2021.

  • At what rate the manometry systems market is going to register growth in Europe?

    Demand in Europe is expected to soar at a CAGR of 4.9% during the forecast period owing to increasing number of gastrointestinal processes and growing awareness among patients and physicians for manometry system.

  • What factors are key trends for the manometry system market?

    Increasing adoption of three dimensional (3D) high resolution manometry, manometry systems market across the globe.

  • What are the key market statistics in South Korea and Japan?

    South Korea and Japan manometry systems market is expected to exhibit healthy growth at 5.2% CAGR and 7.6% CAGR, respectively during the forecast period.

  • What are the top 5 countries driving demand for manometry system market?

    U.S., Germany, UK, France, and Spain are the top 5 countries that are driving the demand for manometry system

  • Which are top five leading companies offering manometry system market?

    Top five leading companies offering manometry Systems Market are Medtronic, Laborie, MEDSPIRA, Diversatek Inc., Dentsleeve International Ltd among others.

  • What is the market share of the top players in the manometry system market?

    Medtronic and Laborie are identified as leading players and are expected to hold around 45% of the overall market share, estimates Future Market Insights.

Manometry System by Category

Product:

  • Anorectal Manometry System
  • Anorectal Manometry System Software
  • Anorectal Manometry System Sheath & Catheters

Portability:

  • Stand Alone System
  • Portable System

End User:

  • Hospitals
  • Diagnostic Centers
  • Speciality Clinics
  • Academic Research Institutes

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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