The Reflux Testing Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Reflux Testing Products Global Market Report 2024, the market for reflux testing products has exhibited a consistent upward trajectory in recent years, marking a notable ascent from $3.25 billion in 2024 to $3.41 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.8%. This growth within the historical period stems from heightened prevalence of GERD, increased awareness and diagnostic trends, strides in medical imaging and diagnostics, augmented healthcare expenditure, and a notable patient inclination towards non-invasive tests.
Forecasts project a sustained expansion in the reflux testing products market, surging to $4.14 billion by 2028, reflecting a CAGR of 5.0%. The anticipated growth in the forecast period is attributable to the integration of multimodal diagnostics, global health endeavors targeting digestive health, telemedicine and remote monitoring trends, alongside collaborative research initiatives in gastroenterology. Noteworthy trends anticipated in the forecast period encompass a shift towards ambulatory monitoring, collaborations and partnerships, reimbursement policies, healthcare regulations, and the impact of global economic factors.
The high prevalence of Barrett’s esophagus is expected to propel the growth of the reflux testing products market going forward. 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. For instance, in January 2024, according to the National Centre for Biotechnology Information publication, 5.6% of adults are thought to have Barrett’s esophagus in the United States. Barrett esophagus can result in an annual diagnosis of esophageal cancer in 1 in 416 people (0.24%). Therefore, the high prevalence of Barrett’s esophagus is driving the growth of the reflux testing products market.
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The reflux testing products market covered in this report 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
Top 5 Major Players:
- Medtronic Inc
- Biomedix Optotechnik And Devices Private Limited
- Sierra Scientific Instruments
- Respiratory Technology Corporation
- AstraZeneca PLC
Moreover, a pivotal trend taking root in the reflux testing products market is the burgeoning emphasis on product innovation. Prominent market players are embracing novel technologies to fortify their market standing. For instance, in April 2024, Laborie, a Canada-based Medical Equipment & Devices company, introduced alpHaONE, an Innovative GERD Diagnostic System. alpHaONE represents a wireless pH-capsule reflux testing system offering up to 96 hours of monitoring data. Distinguished by its compact, ergonomic design and user-friendly interface featuring large, easily accessible buttons, alpHaONE integrates a fail-safe capsule distribution system to safeguard patients’ esophagus. Notably, the alpHaONE system incorporates software featuring a virtual instruction program to facilitate user navigation. The pH-capsule reflux testing device delivers a seamless user experience, incorporating user-customizable symptom buttons and automated pH data processing.
The reflux testing products market report table of contents includes:
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.Global Reflux Testing Products Market Size and Growth
……
26.Global Reflux Testing Products Market Competitive Benchmarking
27.Global Reflux Testing Products Market Competitive Dashboard
28.Key Mergers And Acquisitions In The Reflux Testing Products Market
29.Reflux Testing Products Market Future Outlook and Potential Analysis
30. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Reflux Testing Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Reflux Testing Products Market, Segmentation By Disease Indication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Reflux Testing Products Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Medtronic Inc. Financial Performance
Table 75: Biomedix Optotechnik And Devices Private Limited Financial Performance
Table 76: Sierra Scientific Instruments Financial Performance
Table 77: Respiratory Technology Corporation Financial Performance
Table 78: AstraZeneca plc Financial Performance
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