LONDON, Dec. 25, 2023 (GLOBE NEWSWIRE) — According to The Business Research Company’s Esophageal Dysphagia Global Market Report 2024, the esophageal dysphagia market has shown solid growth in recent years, with market size expected to grow from 2024 onwards. We are expanding. $1.96 billion in 2023 to $2.08 billion in 2024reflects compound annual growth rate (CAGR) 6.2%. This upward trajectory is thought to be due to factors such as aging, gastroesophageal reflux disease (GERD), advances in endoscopy, and esophageal motility testing. The esophageal dysphagia market is expected to maintain its momentum, with a significant increase in esophageal dysphagia predicted. $2.67 billion by 2028 in CAGR is 6.4%.
Key regions driving market expansion: North America leads, Asia Pacific emerges as fastest growing region
geographical outlook
In 2023, North America dominated the esophageal dysphagia market and held the position of the largest region. However, the Asia-Pacific region is expected to witness significant growth over the forecast period and ranks as the fastest growing region. This change highlights the global potential and demand for esophageal dysphagia care.
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Segments shaping the market: treatment options, diagnostic methods, end-user perspective
Segmentation overview
The esophageal dysphagia market is segmented on the basis of treatment, diagnosis, and end user.
- process: Esophageal dilatation, surgery, stent placement, laparoscopic Heller myotomy, medications, lifestyle changes
- diagnosis: Dynamic swallowing studies, X-rays, endoscopy, manometry, image scans, magnetic resonance imaging (MRI) scans, computed tomography (CT) scans
- End-user: Hospitals and clinics, ambulatory surgery centers, diagnostic centers, research centers, and other end users
Market Growth Drivers: Obesity Epidemic, Minimally Invasive Procedures, and Global Expansion of Esophageal Dysphagia Care
strategic insight
Projected growth is supported by a constellation of factors, including the obesity epidemic, the adoption of minimally invasive procedures, personalized medicine, and the global expansion of esophageal dysphagia care. Notable trends over the forecast period include a shift towards patient-centered care, increased use of telemedicine and remote monitoring, a focus on nutritional support, and increased research collaboration.
Impact of smoking habits on market growth
Connection with public health
The esophageal dysphagia market is expected to advance due to the increasing number of smokers. Smoking, a known aggravating factor for esophageal symptoms, can lead to esophageal complications and damage. Treatment of esophageal dysphagia is essential to enhance nutrition and hydration, reduce the risk of aspiration, and improve the overall quality of life of affected individuals.
Innovative products and advanced technology: competitive advantage
industry leader
Key players in the esophageal dysphagia market, such as Nestle Health Science SA, Novartis AG, and Fresenius Kabi AG, are at the forefront of innovative product development. They leverage advanced technology, such as pharyngeal electrical stimulation (PES) technology, to strengthen relationships with their customers. For example, the launch of his Phagenyx neurostimulation system by Phagenesis Ltd. demonstrates the potential of his PES technology in improving swallowing ability, particularly in patients with neurogenic dysphagia following stroke.
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Regional dynamics and development potential
market outlook
Currently, North America accounts for the largest share in the esophageal dysphagia market, while Asia Pacific is expected to witness the fastest growth during the forecast period. This regional shift highlights the need to expand and improve access to esophageal dysphagia care worldwide.
Companies can leverage the insights provided in this comprehensive report to strategically position themselves in the growing esophageal dysphagia market. From understanding key trends to identifying new opportunities, the Esophageal Dysphagia Market report provides the information you need to make informed decisions, drive innovation, and take advantage of the evolving landscape of esophageal swallowing care. Provided to companies.
Esophageal Dysphagia Global Market Report 2024 The Business Research Company’s research provides insights into the Esophageal Dysphagia market size, Esophageal Dysphagia market segments, Esophageal Dysphagia market trends, drivers and restraints, key competitors’ market position, revenue and market share. We provide.
Business Research Company publishes more than 7,500 industry reports covering more than 2,500 market segments and 60 regions. This report is based on unique insights from 1,500,000 datasets, extensive secondary research, and interviews with industry leaders.
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