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Esophageal Catheters Market Report 2024: Global Size, Share, Growth, Trends, Forecast to 2033
Esophageal Catheters Market Report
According to The Business Research Company's, The esophageal catheters market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to critical care advancements, cardiac and respiratory disorders, minimally invasive procedures, intensive care units (icus).
The esophageal catheters market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to global aging population, advanced critical care, personalized medicine, telemedicine and remote monitoring. Major trends in the forecast period include wireless and mobile monitoring, ai-assisted monitoring, smart catheter sensors, patient-centered care.
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Market Drivers and Trends:
The growing prevalence of chronic esophageal disorders is expected to propel the growth of the esophageal catheter market going forward. Chronic esophageal disorders refer to a group of medical conditions or diseases that affect the esophagus, the muscular tube connecting the mouth to the stomach, over a prolonged or extended period. Esophageal catheters, such as manometry catheters, help diagnose chronic esophageal disorders by measuring pressure changes and motility patterns along the esophagus. For instance, in January 2023, according to a report published by the National Library of Medicine, a US-based medical library, cancer of the esophagus estimates there will be 7,39,666 new cases and 7,23,466 fatalities from esophageal cancer in 2030. There will be 9,87,723 cases and 9,14,304 deaths globally in 2040. Therefore, the growing prevalence of chronic esophageal disorders is driving the growth of the esophageal catheter market.
Major players operating in the esophageal catheters market are concentrating on creating innovative technologies such as TactiFlex SE irrigation catheters to increase customer offerings and strengthen their market. A radiofrequency ablation catheter is a medical device that treats different arrhythmias during cardiac ablation treatments. The catheter transmits high-frequency electrical impulses to heart tissue. For instance, in August 2022, Abbott Laboratories, a US-based company engaged in medical devices and healthcare, launched TactiFlex SE in Japan. It is a radiofrequency (RF) ablation catheter with a flexible tip, slit electrode and contact force technology. The catheter is designed to conform to the shape of the heart's wall for unique patient anatomies, making it a safe and efficient option for lesion creation during procedures.
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Major Key Players of the Market:
Medtronic PLC, Medline Industries LP, Becton Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Stryker Corporation, Olympus Corporation, Edwards Lifesciences Corporation, CooperSurgical Inc., Teleflex Incorporated, Cook Medical Inc., Merit Medical Systems Inc., Avanos Medical Inc., Medela AG, Japan Lifeline Co. Ltd., Meridian Bioscience Inc., Laborie Medical Technologies Inc., FUJIFILM Medical Systems, CardioFocus Inc., Taewoong Medical Co., Pennine Healthcare, EB Neuro S.p.A., Alicn Medical Co. Ltd., Hamilton Medical AG , Deem Sensing Technologies Pvt. Ltd., Envaste Limited, Medcaptain Medical Technology Co. Ltd., CardioCommand Inc., Ella Cs S.R.O, PENTAX Medical Co. .
Esophageal Catheters Market 2024 Key Insights:
• The esophageal catheters market is expected to grow to$3.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Rising Prevalence Of Chronic Esophageal Disorders Boosts The Esophageal Catheter Market
• Innovative Technologies And Advanced Catheters Drive Growth In The Esophageal Catheters Market
• North America was the largest region in the esophageal catheters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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