The Reflux Testing Products Global Market Report 2023, provides comprehensive information on the reflux testing products market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global reflux testing products market is expected to grow from $3.10 billion in 2022 to $3.25 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The reflux testing products market is expected to reach $3.9 billion in 2027 at a CAGR of 4.6%.
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Product innovation is a key trend gaining popularity in the reflux testing products market. Major companies operating in the reflux testing products market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Laborie, a Canada-based Medical Equipment & Devices company, launched alpHaONE, an Innovative GERD Diagnostic System. alpHaONE is a wireless pH-capsule reflux testing system that offers up to 96 hours of monitoring data. alpHaONE has a small, ergonomic design with large, simple-to-press buttons. A fail-safe capsule distribution system is also included to safeguard patients’ esophagus. The company had software in the alpHaONE system that incorporated a virtual instruction program to help with navigation. The pH-capsule reflux testing device provides a seamless user experience with user-customizable symptom buttons and automatic pH data processing.
The reflux testing products market 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
North America was the largest region in the reflux testing products market in 2022.
The table of contents in TBRC’s reflux testing products market report includes:
- Executive Summary
- Reflux Testing Products Market Characteristics
- Reflux Testing Products Market Trends And Strategies
- Reflux Testing Products Market – Macro Economic Scenario
- Reflux Testing Products Market Size And Growth
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- Africa Reflux Testing Products Market
- Reflux Testing Products Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Reflux Testing Products Market
- Reflux Testing Products Market Future Outlook and Potential Analysis
- Appendix
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