Esophageal Catheters Market is projected to reach US$ 4.5 billion by 2032, at a CAGR of 7.4%

Global Esophageal Catheters Market demand is expected to be valued at US$ 2.2 billion in 2022, rising at a 7.4% CAGR to US$ 4.5 billion between 2022 and 2032. The global utilisation of Esophageal Catheters in the Healthcare industry is driving the market's expansion.

In a test known as esophageal manometry, an Esophageal Catheter comprises of pressure sensors that are delivered via the patient's nose down the oesophagus and stomach. Esophageal manometry is used to quantify the rhythmic muscle contractions that occur in the oesophagus when a patient swallows. It is also used to measure the esophageal muscles' coordination and force as they drive food into the stomach. Esophageal manometry can assist in the diagnosis of diffuse esophageal spasm, Achalasia, Scleroderma, gastroesophageal reflux disease (GERD), chest discomfort, and other conditions.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Esophageal Catheters Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Esophageal Catheters market.

Key Esophageal Catheters Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
• Germany Esophageal Catheters market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Esophageal Catheters Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Esophageal Catheters market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
• Esophageal Catheters Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Esophageal Catheters market. As per the survey, Esophageal Catheters sales will project steady growth over the forecast period.
• Esophageal Catheters Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Esophageal Catheters market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Esophageal Catheters Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Esophageal Catheters market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Esophageal Catheters market.

Some of the prominent market players are profiled by FMI are:

• 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
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa