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 growth.
Because of the rising prevalence of gastrointestinal diseases in the region, North America is regarded as a dominant region for the Esophageal Catheters Market.
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The rising prevalence of chronic esophageal disorders, as well as increased R&D activities, are expected to drive the growth of the Esophageal Catheters Market during the forecast period.
COVID-19 Impact Analysis on Esophageal Catheters Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Esophageal Catheters market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Esophageal Catheters market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Esophageal Catheters market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Esophageal Catheters Market: Segmentation
Valuable information covered in the FMI’s Esophageal Catheters market report has been segregated into key segments and sub-segments.
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
Esophageal Catheters Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Esophageal Catheters market. Competitive information detailed in the Esophageal Catheters market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Esophageal Catheters market report.
Key players covered in the report include:
- CooperSurgical, Inc.
- Pennine Healthcare
- EB Neuro S.p.A.
- PanMed Us
- Boston Scientific Corporation
- Medtronic
- PENTAX Medical
Important Questions Answered in the Esophageal Catheters Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Esophageal Catheters market been expanding during the forecast period?
- How will the global Esophageal Catheters market look like by the end of the forecast period?
- What innovative strategies are adopted by Esophageal Catheters market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Esophageal Catheters market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Esophageal Catheters market
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