The growing prevalence of chronic esophageal disorders and raising R&D activities are the major factors that are boosting the growth of the esophageal catheters market globally. Additionally, increasing healthcare awareness, growing surgical procedures number and growing demand for minimally invasive surgeries are also fostering the increase in esophageal catheters market growth.
Furthermore, technological advancements and growing elderly populace as they are more prone to many chronic diseases are anticipated to upsurge the growth of esophageal catheters market globally. However, stringent regulatory approvals, poor availability of esophageal catheters in emerging nations, and the high cost of the devices are expected to hamper the esophageal catheters market growth globally.
Key Market Trends
Gastroesophageal Reflux Disease (GERD) Segment Holds a Significant Market Share
Gastroesophageal Reflux Disease (GERD) covers various diagnostic and treatment of GERD. The GERD include discomfort or a burning sensation in the upper portion of the stomach, nausea, abdominal bloating, and belching.
Post-operative high-resolution manometry (HRM) examination might enable the control of antireflux procedure effectiveness. Many of the medical practitioners consider manometry a vital part of the assessment in patients as esophageal function testing is indicated when there is a need for the confirmation of GERD before performing surgical or endoscopic reflux procedures.
North America Dominates the Global Esophageal Catheters Market
The increasing prevalence of gastrointestinal diseases, favorable reimbursement policies, the aging population, and the presence of major market players, etc., are the primary factors behind the large market size in North America. 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.
Esophageal Catheters market is moderately consolidated owing to the presence of many small and large market players. Some of the market players are Boston Scientific Corporation, CooperSurgical Inc, CardioCommand, Inc., EB Neuro S.p.A., Medtronic, PENNINE HEALTHCARE, Panmed US, PENTAX Medical amongst others.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Esophageal Chronic Disorders
4.2.2 Growing Technological Advancements
4.3 Market Restraints
4.3.1 Stringent Regulatory Approval
4.3.2 Poor Availability of Esophageal Catheters in Emerging regions
4.3.3 High Cost of the Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Balloon Dilation Catheter
5.1.2 Irrigation Catheter
5.1.3 Pressure Monitoring Catheter
5.2 By Application
5.2.1 Gastroesophageal Reflux Disease (GERD)
5.2.3 Chest Pain
5.3 By End User
5.3.3 Ambulatory Surgical Centers
5.4.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
5.4.5 South America
184.108.40.206 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 CooperSurgical Inc.
6.1.3 CardioCommand, Inc.
6.1.4 EB Neuro S.p.A.
6.1.5 Medtronic PLC
6.1.6 PENNINE HEALTHCARE
6.1.7 Panmed US
6.1.8 PENTAX Medical
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.