Press release
Reflux Testing Products Market Trends, Channel Analysis, Growth Opportunities Forecast 2032
Reflux Testing Products Global Market
The Business Research Company's Reflux Testing Products Global Market Report 2023 identifies high prevalence of Barrett's esophagus as the major driver for the Reflux Testing Products market's growth in the forecast period. Barrett's esophagus is a disorder wherein acid reflux damages the flat pink lining of the esophagus, the tube that connects the mouth to the stomach, causing it to thicken and turn red. When the lesion heals, the columnar epithelium replaces the normal squamous epithelium, a characteristic of Barrett's esophagus. A higher risk of esophageal cancer is linked to Barrett's esophagus. An increase in the incidence of Barrett's esophagus will contribute to the growth of reflux testing products.
The global reflux testing products market is expected to grow from $3.10 billion in 2022 to $3.25 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The reflux testing products market is expected to reach $3.9 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the Reflux Testing Products market are Medtronic, Biomedix, Sierra Scientific Instruments, Respiratory Technology Corporation, AstraZeneca, Ironwood Pharmaceuticals Inc., Johnson & Johnson Services Inc., Sebela Pharmaceuticals, Diversatek Healthcare.
A key trend in the Reflux Testing Products market includes Product innovation. Major companies operating in the reflux testing products market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Laborie, a Canada-based Medical Equipment & Devices company, launched alpHaONE, an Innovative GERD Diagnostic System. alpHaONE is a wireless pH-capsule reflux testing system that offers up to 96 hours of monitoring data.
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The Reflux Testing Products market is segmented -
1) By Product Type: Catheter Based Testing Products, Capsule Based Testing Products, Reflux Testing Probes, Other Product Types
2) By Disease Indication: Barrett's Esophagus, Reflux Esophagitis, Esophageal Adenocarcinoma
3) By End Users: Hospitals, Clinics, Ambulatory surgical centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Reflux Testing Products market.
The Business Research Company's "Global Reflux Testing Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Reflux Testing Products Market Include:
1. Executive Summary
2. Reflux Testing Products Market Characteristics
3. Reflux Testing Products Market Trends And Strategies
4. Reflux Testing Products Market - Macro Economic Scenario
5. Reflux Testing Products Market Size And Growth
……
27. Reflux Testing Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Reflux Testing Products Market
29. Reflux Testing Products Market Future Outlook and Potential Analysis
30. Appendix
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