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Global Esophageal Dysphagia Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Nestle Health Science S.A., Novartis AG, Fresenius Kabi AG, Abbott Laboratories, Danone S.A

05-17-2024 03:15 PM CET | Health & Medicine

Press release from: The Business Research Company

Esophageal Dysphagia Global Market Report 2024

Esophageal Dysphagia Global Market Report 2024

"The esophageal dysphagia market size has grown strongly in recent years. It will grow from $1.96 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to aging population, gastroesophageal reflux disease (gerd), advances in endoscopy, esophageal motility testing.

The esophageal dysphagia market size is expected to see strong growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to obesity epidemic, minimally invasive procedures, personalized medicine, global expansion of esophageal dysphagia care. Major trends in the forecast period include patient-centered care, telehealth and remote monitoring, nutritional support, research collaboration.

Market Overview -
Esophageal dysphagia is a medical condition characterized by an indication in difficulty with swallowing solid or liquid food due to a structural or functional abnormality of the esophagus, lower esophageal sphincter (LES), or cardia. It can be caused by various underlying conditions that affect the normal functioning of the esophagus or hinder the smooth passage of food and liquids.

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Rising Smoking Rates Fueling Growth In The Esophageal Dysphagia Market
The growing number of smokers is expected to propel the growth of the esophageal dysphagia market going forward. Smokers typically refer to individuals who engage in the habit of smoking tobacco products, such as cigarettes, cigars, or pipes. Esophageal dysphagia can be exacerbated by smoking, which can lead to various health complications, including irritation and damage to the esophagus. The treatment for esophageal dysphagia helps patients suffering from the disease with enhanced nutrition and hydration, reduced risk of aspiration and improved quality of life. For instance, in July 2022, according to Statistics Canada, a Canada-based government agency, cigarette production increased by 5.8% compared to June 2021. Additionally, the total number of cigarettes sold rose 1.3% from May 2022, reaching 1.4 billion in June 2022. As a result, the growing number of smokers is driving the esophageal dysphagia market.

Competitive Landscape -
Major players in the esophageal dysphagia market are Nestle Health Science S.A., Novartis AG, Fresenius Kabi AG, Abbott Laboratories, Danone S.A., F. Hoffmann-La Roche Ltd., Merck Sharp and Dohme Corp., Pfizer Inc., Ingredion Incorporated, Eikonix Ltd., Olympus Corporation, Eisai Co. Ltd., Aurobindo Pharma Ltd., Dr. Reddys Laboratories, Cook Medical Incorporated, Elekta AB, Johnson and Johnson Ltd., C.R. Bard Inc., Avanos Medical Inc., Cipla Ltd., Kent Precision Foods Group Inc., Nutricia Ltd., CP Kelco Inc., Atos Medical AB, AstraZeneca PLC, NinePoint Medical Inc., Torax Medical Inc., Hormel Health Labs Inc., Dysphagia Management Systems LLC, Biostage Inc.

Innovative Technologies Revolutionizing Esophageal Dysphagia Treatment
Major companies operating in the esophageal dysphagia market are developing innovative products with advanced technologies, such as pharyngeal electrical stimulation (PES) technology, to strengthen their relationship with current customers. Pharyngeal electrical stimulation (PES) technology is a therapeutic approach to address certain swallowing disorders, specifically dysphagia (difficulty swallowing), that arise from neurological conditions or other related factors. For instance, in October 2022, Phagenesis Ltd., a UK-based dysphagia care company, launched the Phagenyx neurostimulation system based on pharyngeal electrical stimulation technology. The phagenyx neurostimulation system is a novel rehabilitation treatment for dysphagia post-stroke by improving swallowing performance in patients with neurogenic dysphagia (ND) associated with stroke. It works by directly stimulating the pharynx using location-specific intraluminal catheters introduced trans nasally. Additionally, PES technology has the potential to improve the quality of life of patients with dysphagia, reduce healthcare costs and widen its application to a broader range of patients with dysphagia.

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Key Segments -
The esophageal dysphagia market covered in this report is segmented -
1) By Treatment: Esophageal Dilation; Surgery; Stent Placement; Laparoscopic Heller Myotomy; Medications; Lifestyle Changes
2) By Diagnosis: Dynamic Swallowing Study; X-Ray; Endoscope; Manometry; Imaging Scans; Magnetic Resonance Imaging (MRI) Scan; Computed Tomography (CT ) Scan
3) By End-User: Hospitals And Clinics; Ambulatory Surgical Centers; Diagnostic Centers; Research Centers; Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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