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Reflux Testing Devices Market Size

  • Report ID: GMI6665
  • Published Date: Sep 2023
  • Report Format: PDF

Reflux Testing Devices Market Size

Reflux Testing Devices Market was valued at USD 3.2 billion in 2022 and is estimated to account for USD 5 billion by 2032 driven by the increasing prevalence of gastroesophageal reflux disease (GERD). Lifestyle changes, dietary habits, and an aging population base have contributed to the rising number of individuals experiencing GERD-related symptoms, such as heartburn and regurgitation. As awareness of the potential complications of untreated GERD grows among patients and healthcare providers, there is a heightened demand for accurate diagnostic tools and monitoring devices.

 

The growing elderly population base suffering from GERD is a major factor stimulating the demand for reflux testing devices. For instance, nearly 11 million people, or 19% of the population, are over the age of 65 today. In another ten years, this is going to grow to roughly 13 million people, or 22% of the population. Such rise in geriatric population base will increase the demand for reflux testing and monitoring. Older people are more likely to have GERD, which, if unaddressed, can cause serious consequences. In addition, due to age-related changes in the digestive tract, number of individuals are at risk for developing GERD with time that has been observed in the global elderly population. As a result, there is an increasing demand for precise diagnostic instruments and monitoring systems to evaluate the severity of GERD and direct individualized treatment regimens.

 

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Reflux testing devices market size was USD 3.2 billion in 2022 and will reach USD 5 billion by 2032 due to the increasing prevalence of gastroesophageal reflux disease (GERD) worldwide.

The reflux capsule product type segment will register 5.2% CAGR from 2023-2032 on account of their patient-friendly approach along with remarkable technological advancements.

U.S. industry recorded USD 1 billion in revenue in 2022 and will experience appreciable growth from 2023-2032 owing to the presence of highly developed healthcare infrastructure in the region.

Medtronic, Biomedix, Johnson & Johnson Services, Inc, Diversatek, Inc., Laborie, Diversatek Healthcare, Creo Medical Group PLC, JINSHAN Science & Technology (Group) Co., Ltd., and Thermo Fisher Scientific are some of the major reflux testing device companies worldwide.

Reflux Testing Devices Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 345
  • Countries covered: 30
  • Pages: 154
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