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The Manometry System Market size is estimated to grow by USD 48.32 million at a CAGR of 4.77% between 2023 and 2028.
There has been an increasing awareness of gastrointestinal diseases across the world over the years. For example, on IBD Awareness Day, which is observed in May every year, the Crohn and Colitis Foundation encourages people who experience symptoms of ulcerative colitis to consult their physicians and also provides information about the condition through the Surveillance Epidemiology of Coronavirus Under Research Exclusion (SECURE-IBD) database. In addition, the program helps patients, family members, and caregivers to increase public awareness about ulcerative colitis and Crohn's disease and has helped educate the public on these diseases. Hence, such factors are positively impacting the market.
Technavio has segmented the market into End-user, Product, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
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The hospitals segment is estimated to witness significant growth during the forecast period. Several hospitals in developed countries are well-equipped with advanced technological manometry facilities. In addition, there are multi-specialty hospitals that work under government sponsorship or through private entities. Furthermore, these hospitals have more than 500 hospital beds with outpatient and inpatient accommodations and generate high revenues.
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The hospitals segment was the largest segment and was valued at USD 88.31 million in 2018. Moreover, hospitals have state-of-the-art infrastructure to fulfill the needs of patients. In addition, these have facilities for the diagnosis and monitoring of chronic diseases such as gastrointestinal disease and have highly equipped special operating rooms, which significantly contribute to the market growth. Furthermore, the increasing requirement for easy access to healthcare facilities has increased the number of hospitals across the world. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The process of measuring pressure in distinct gastrointestinal system locations is known as manometry. Manometry comprises inserting a catheter containing solid-state or liquid-filled pressure transducers into the lumen of the organ being examined through the mouth or anus. In addition, it is carried out to assess patients with motility issues in whom structural lesions have been ruled out by prior research. Moreover, this segment is used to analyze the esophagus, stomach, duodenum, sphincter of Oddi, and rectum. Furthermore, the system offers helpful data to assist in the diagnosis of ailments such as hiatal hernia, achalasia, and dysphagia. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The manometry software offers an intuitive suite of manometry study tools, enabling healthcare professionals to effectively identify motility disorders. In addition, different manometry systems, including esophageal manometry and anorectal manometry, deploy manometry system software. Moreover, the manometry system utilizes software tools to diagnose esophageal motor disorders. Furthermore, the test also assesses the esophageal muscle force and synchronization during the passage of food into the stomach. Hence, such applications are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Some of the factors which are significantly contributing to the growth of the market in North America are the increasing incidence and prevalence of chronic gastrointestinal diseases and growing healthcare expenditure. In addition, factors including the growing focus of pharmaceutical and biotechnology companies on R&D to develop advanced healthcare equipment and the presence of global and regional market players are also fuelling the growth of the market in the region. Furthermore, the rising incidence of chronic gastrointestinal diseases, such as ulcerative colitis and Crohn's disease drives the market growth in North America during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global manometry system market witnessed a significant slowdown due to the disruptions in supply chain activities and logistics for both raw materials and finished products delaying many business activities in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of supply chain operations. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 13 market companies, including:
Alacer Biomedica: The company offers manometry systems such as MULTIPLEX high resolution esophageal manometry and MULTIPLEX high resolution anorectal manometry.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the manometry system market growth is the rising geriatric population. There is an increase in the occurrence of heartburn diseases with growing age. In addition, the digestive system tends to slow down with increasing age, which also leads to acidity. Furthermore, heartburn can also be caused by GERD.
Moreover, age is directly related to the increase in various disorders, including GERD, constipation, and fecal incontinence. In addition, advances in healthcare and advanced treatment options for various diseases have increased the average life expectancy of people. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the manometry system market growth is the increasing focus on high-resolution manometry systems. There is a significant transformation in the clinical assessment of esophageal motility problems due to high-resolution manometry (HRM) and esophageal pressure topography (EPT). In addition, esophageal manometry measures the amplitude of contractile events in the esophagus and its sphincters in proportion to time to evaluate esophageal motility patterns.
Moreover, in comparison with traditional line tracings, HRM marks an advancement in manometry. auch that, unlike a traditional manometry catheter with few (usually 3 to 5) widely distributed sensors, HRM uses up to 36 pressure sensors along a catheter. In addition, HRM data is transformed into smooth and dynamic spatiotemporal charts by advanced software algorithms, in contrast to the unidirectional conventional line plots. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Frequent manometry system recalls are one of the key challenges hindering the manometry system market growth. There is a significant increase in frequent product recalls in the healthcare equipment industry on account of safety or functionality issues. In addition, there are instances where the medical equipment must be checked, adjusted, or fixed to ensure that it does not fail unexpectedly or violate regulatory guidelines.
Moreover, healthcare equipment manufacturers, including manometry system manufacturers, also recall their devices to inspect and repair them so that they do not cause serious health issues in patients. In addition, Manufacturing defects, technical errors, and labeling and design faults in products (manometry system) can also lead to improper results and patient management. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Manometry System Market Customer Landscape
The manometry system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Manometry System Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.77% |
Market Growth 2024-2028 |
USD 48.32 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
4.36 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Germany, UK, Japan, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alacer Biomedica, Creo Medical Ltd., Daffodil Health Technology Service Co., Diversatek Inc., Innologic, LABORIE MEDICAL TECHNOLOGIES CORP., Medica S.p.A., Medspira LLC, Medtronic Plc, Mui Scientific, Standard Instruments GmbH, TECHNOMED SYSTEMS, and THD S.p.A |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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