The esophageal dilator global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Esophageal Dilator Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The esophageal dilator market size has grown steadily in recent years. It will grow from $1.42 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth in number of endoscopic and gastrointestinal surgeries, growth in obesity rates, growth of outpatient surgical centers, rise in bariatric surgeries, and ongoing research into esophageal disorders.
The esophageal dilator market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to rising pediatric esophageal disorders, rising prevalence of dysphagia, increasing governmental focus on healthcare, increasing prevalence of hiatal hernia, and rising smoking and alcohol consumption. Major trends in the forecast period include advancements in endoscopic training, advances in telemedicine, growing popularity of endoscopic ultrasound, advances in endoscopic suturing techniques, and integration of robotic technology.
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Scope Of Esophageal Dilator Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Esophageal Dilator Market Overview
Market Drivers –
The rising incidence of esophageal disorders is expected to propel the growth of the esophageal dilator market going forward. Esophageal disorders encompass a range of conditions affecting the esophagus, the tube responsible for transporting food and liquids from the mouth to the stomach. The increasing prevalence of esophageal disorders is attributed to factors such as rising rates of gastroesophageal reflux disease (GERD), obesity, and lifestyle changes. Esophageal dilators address symptoms by widening the esophagus’s constricted sections, improving swallowing, and reducing discomfort. For instance, in January 2024, according to the American Cancer Society, a US-based professional organization company, in 2023, there were 16,120 new deaths from esophageal cancer, and this number is projected to rise to 16,130 in 2024. Therefore, the rising incidence of esophageal disorders is driving the growth of esophageal dilator market.
Market Trends –
Major companies operating in the esophageal dilator market are focusing on developing innovative devices, such as fixed wire and wire-guided balloon dilators, to improve patient outcomes and enhance the effectiveness of esophageal treatments. Fixed wire and wire-guided balloon dilators are medical devices used to expand narrowed passages in the body, with fixed wire dilators having a permanently attached guide wire, while wire-guided dilators utilize a separate guide wire for navigation during the procedure. For instance, in September 2022, Diversatek Healthcare, a US-based medical device company that designs, manufactures, and markets products for gastroenterological (GI) care, launched the Viper 3-Stage Balloon Dilator. This advanced endoscopic balloon dilator is crafted with PET, enhancing its strength and flexibility. It is designed to expand to three different diameters at three distinct pressure levels within a single balloon. The Viper is offered in a variety of balloon diameters ranging from 8mm to 20mm and is available in both fixed and wire-guided delivery systems.
The esophageal dilator market covered in this report is segmented –
1) By Dilator Type: Balloon Dilators, Mechanical Dilators, Hydrostatic Dilators
2) By Material: Plastic, Metal, Other Materials
3) By Esophageal Disease: Achalasia, Esophageal Strictures, Zenker’s Diverticulum, Esophageal Cancer
4) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Doctors’ Offices
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Regional Insights –
North America was the largest region in the esophageal dilator market in 2023. The regions covered in the esophageal dilator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the esophageal dilator market are Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Medline Industries LP, Olympus Corporation, Edwards Lifesciences LLC, Steris plc, Cook Group Incorporated, Teleflex Incorporated, Karl Storz SE & Co. KG, Conmed Corporation, Penlon Ltd., Medorah Meditek Pvt Ltd., Micro-Tech Endoscopy, Hobbs Medical Inc., Endo-med Technologies Private Limited, Diversatek Healthcare Inc., Shaili Endoscopy, Advin Health Care, ACE Medical Devices Pvt. Ltd., Meditek Systems Pvt. Ltd
Table of Contents
1. Executive Summary
2. Esophageal Dilator Market Report Structure
3. Esophageal Dilator Market Trends And Strategies
4. Esophageal Dilator Market – Macro Economic Scenario
5. Esophageal Dilator Market Size And Growth
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27. Esophageal Dilator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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