The global esophageal catheters market 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 global esophageal catheters market 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.
The projected expansion of the esophageal catheter market is driven by the increasing prevalence of chronic esophageal disorders. Chronic esophageal disorders encompass a range of medical conditions that persist over an extended duration, affecting the esophagus, the muscular conduit connecting the mouth to the stomach. Instruments like manometry catheters play a vital role in diagnosing chronic esophageal disorders by measuring pressure fluctuations and motility patterns along the esophagus. For example, a report published by the National Library of Medicine in January 2023 estimated that esophageal cancer could result in 739,666 new cases and 723,466 fatalities by 2030 in the United States. Globally, these figures are projected to rise to 987,723 cases and 914,304 deaths by 2040. Hence, the growing prevalence of chronic esophageal disorders is a significant driving force behind the esophageal catheter market's growth.
The rising occurrence of gastroesophageal reflux disease (GERD) is poised to propel the expansion of the esophageal catheters market in the forthcoming years. GERD is a prevalent condition characterized by the backflow of stomach contents into the esophagus, potentially leading to damage in the esophagus, throat, and respiratory tract. Esophageal catheters are instrumental in diagnostic testing for identifying GERD. As of August 2021, NPS MedicineWise, a non-profit organization in Australia supported by the US Department of Health, reported that one in every five Australians frequently experiences gastroesophageal reflux or heartburn. Thus, the increasing incidence of gastroesophageal reflux disease (GERD) is a driving force behind the esophageal catheters market's growth.
The primary factor constraining the growth of the esophageal catheters market is the potential complications that can occur during the insertion and utilization of these catheters. This underscores the inherent risks associated with using esophageal catheters, emphasizing the importance of specialized training and expertise to mitigate these potential complications. Such complications have the potential to increase healthcare costs and cause discomfort for patients. For instance, a study conducted by the National Library of Medicine in February 2022, involving 133 patients who underwent port-a-cath system implantation, revealed early complications, including pneumothorax (1.2%), bleeding (1.1%), and early pocket infections (1.0%). Thus, the possibility of complications during esophageal catheter insertion and use serves as a limiting factor for the growth of the esophageal catheter market.
Prominent players within the esophageal catheters market are focusing on the development of innovative technologies, such as TactiFlex SE irrigation catheters, to enhance their product offerings and strengthen their market presence. Radiofrequency ablation catheters are vital medical devices used in the treatment of various cardiac arrhythmias during ablation procedures, transmitting high-frequency electrical impulses to heart tissue. For instance, in August 2022, Abbott Laboratories, a US-based company specializing in medical devices and healthcare, introduced TactiFlex SE in Japan. This radiofrequency (RF) ablation catheter features a flexible tip, slit electrode, and contact force technology, designed to conform to the heart's wall shape for diverse patient anatomies, ensuring safe and efficient lesion creation during procedures.
In January 2022, VitalPath, a US-based manufacturer of catheters and catheter shafts, acquired Modern Catheter Technologies in an undisclosed transaction. This acquisition is set to enhance VitalPath's capacity for expansion, increasing its overall manufacturing footprint to over 80,000 square feet, which includes 35,000 square feet of ISO 7 and 8 cleanroom space. Modern Catheter Technologies, a US-based manufacturer, specializes in the development and production of custom, highly intricate catheter solutions for medical applications.
Major players in the esophageal catheters market are 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.
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. The regions covered in esophageal catheters report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the esophageal catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of esophageal catheters include balloon dilation catheters, irrigation catheters, pressure monitoring catheters, radiofrequency ablation catheters, and suction catheters. Among these, a balloon dilation catheter, also known as a balloon dilator, is a medical device employed to expand narrow or constricted passages within the body. These catheters are used across various medical disciplines for multiple purposes, including cardiovascular and gastroenterology procedures. They find application in treating conditions such as gastroesophageal reflux disease (GERD), dysphagia, chest pain, and others, with diverse end-users, including hospitals, clinics, and ambulatory surgical centers.
This report provides esophageal catheters market statistics, including esophageal catheters industry global market size, regional shares, competitors with an esophageal catheters market share, detailed esophageal catheters market segments, market trends and opportunities and any further data you may need to thrive in the esophageal catheters industry. This esophageal catheter market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The esophageal catheters market consists of sales of esophageal pH monitoring catheters, esophageal manometry catheters, impedance-pH monitoring catheters and suction catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global esophageal catheters market 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.
The projected expansion of the esophageal catheter market is driven by the increasing prevalence of chronic esophageal disorders. Chronic esophageal disorders encompass a range of medical conditions that persist over an extended duration, affecting the esophagus, the muscular conduit connecting the mouth to the stomach. Instruments like manometry catheters play a vital role in diagnosing chronic esophageal disorders by measuring pressure fluctuations and motility patterns along the esophagus. For example, a report published by the National Library of Medicine in January 2023 estimated that esophageal cancer could result in 739,666 new cases and 723,466 fatalities by 2030 in the United States. Globally, these figures are projected to rise to 987,723 cases and 914,304 deaths by 2040. Hence, the growing prevalence of chronic esophageal disorders is a significant driving force behind the esophageal catheter market's growth.
The rising occurrence of gastroesophageal reflux disease (GERD) is poised to propel the expansion of the esophageal catheters market in the forthcoming years. GERD is a prevalent condition characterized by the backflow of stomach contents into the esophagus, potentially leading to damage in the esophagus, throat, and respiratory tract. Esophageal catheters are instrumental in diagnostic testing for identifying GERD. As of August 2021, NPS MedicineWise, a non-profit organization in Australia supported by the US Department of Health, reported that one in every five Australians frequently experiences gastroesophageal reflux or heartburn. Thus, the increasing incidence of gastroesophageal reflux disease (GERD) is a driving force behind the esophageal catheters market's growth.
The primary factor constraining the growth of the esophageal catheters market is the potential complications that can occur during the insertion and utilization of these catheters. This underscores the inherent risks associated with using esophageal catheters, emphasizing the importance of specialized training and expertise to mitigate these potential complications. Such complications have the potential to increase healthcare costs and cause discomfort for patients. For instance, a study conducted by the National Library of Medicine in February 2022, involving 133 patients who underwent port-a-cath system implantation, revealed early complications, including pneumothorax (1.2%), bleeding (1.1%), and early pocket infections (1.0%). Thus, the possibility of complications during esophageal catheter insertion and use serves as a limiting factor for the growth of the esophageal catheter market.
Prominent players within the esophageal catheters market are focusing on the development of innovative technologies, such as TactiFlex SE irrigation catheters, to enhance their product offerings and strengthen their market presence. Radiofrequency ablation catheters are vital medical devices used in the treatment of various cardiac arrhythmias during ablation procedures, transmitting high-frequency electrical impulses to heart tissue. For instance, in August 2022, Abbott Laboratories, a US-based company specializing in medical devices and healthcare, introduced TactiFlex SE in Japan. This radiofrequency (RF) ablation catheter features a flexible tip, slit electrode, and contact force technology, designed to conform to the heart's wall shape for diverse patient anatomies, ensuring safe and efficient lesion creation during procedures.
In January 2022, VitalPath, a US-based manufacturer of catheters and catheter shafts, acquired Modern Catheter Technologies in an undisclosed transaction. This acquisition is set to enhance VitalPath's capacity for expansion, increasing its overall manufacturing footprint to over 80,000 square feet, which includes 35,000 square feet of ISO 7 and 8 cleanroom space. Modern Catheter Technologies, a US-based manufacturer, specializes in the development and production of custom, highly intricate catheter solutions for medical applications.
Major players in the esophageal catheters market are 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.
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. The regions covered in esophageal catheters report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the esophageal catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of esophageal catheters include balloon dilation catheters, irrigation catheters, pressure monitoring catheters, radiofrequency ablation catheters, and suction catheters. Among these, a balloon dilation catheter, also known as a balloon dilator, is a medical device employed to expand narrow or constricted passages within the body. These catheters are used across various medical disciplines for multiple purposes, including cardiovascular and gastroenterology procedures. They find application in treating conditions such as gastroesophageal reflux disease (GERD), dysphagia, chest pain, and others, with diverse end-users, including hospitals, clinics, and ambulatory surgical centers.
This report provides esophageal catheters market statistics, including esophageal catheters industry global market size, regional shares, competitors with an esophageal catheters market share, detailed esophageal catheters market segments, market trends and opportunities and any further data you may need to thrive in the esophageal catheters industry. This esophageal catheter market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The esophageal catheters market consists of sales of esophageal pH monitoring catheters, esophageal manometry catheters, impedance-pH monitoring catheters and suction catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Esophageal Catheters Market Characteristics3. Esophageal Catheters Market Trends and Strategies32. Global Esophageal Catheters Market Competitive Benchmarking33. Global Esophageal Catheters Market Competitive Dashboard34. Key Mergers and Acquisitions in the Esophageal Catheters Market
4. Esophageal Catheters Market - Macro Economic Scenario
5. Global Esophageal Catheters Market Size and Growth
6. Esophageal Catheters Market Segmentation
7. Esophageal Catheters Market Regional and Country Analysis
8. Asia-Pacific Esophageal Catheters Market
9. China Esophageal Catheters Market
10. India Esophageal Catheters Market
11. Japan Esophageal Catheters Market
12. Australia Esophageal Catheters Market
13. Indonesia Esophageal Catheters Market
14. South Korea Esophageal Catheters Market
15. Western Europe Esophageal Catheters Market
16. UK Esophageal Catheters Market
17. Germany Esophageal Catheters Market
18. France Esophageal Catheters Market
19. Italy Esophageal Catheters Market
20. Spain Esophageal Catheters Market
21. Eastern Europe Esophageal Catheters Market
22. Russia Esophageal Catheters Market
23. North America Esophageal Catheters Market
24. USA Esophageal Catheters Market
25. Canada Esophageal Catheters Market
26. South America Esophageal Catheters Market
27. Brazil Esophageal Catheters Market
28. Middle East Esophageal Catheters Market
29. Africa Esophageal Catheters Market
30. Esophageal Catheters Market Competitive Landscape and Company Profiles
31. Esophageal Catheters Market Other Major and Innovative Companies
35. Esophageal Catheters Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on esophageal catheters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for esophageal catheters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Report Scope
Markets Covered:
1) By Product Type: Balloon Dilation Catheter; Irrigation Catheter; Pressure Monitoring Catheter; Radiofrequency Ablation Catheter; Suction Catheter2) By Application: Gastroesophageal Reflux Disease (GERD); Dysphagia; Chest Pain; Other Applications
3) By End-User: Hospitals; Clinics; Ambulatory Surgical Centers
Key Companies Mentioned: Medtronic plc; Medline Industries LP; Becton Dickinson and Company; Boston Scientific Corporation; B. Braun Melsungen AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard