Technavio, a leading provider of market research reports, has released its latest study on Manometry System Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
In accordance with Technavio's market research, the manometry system market is a segment of the expansive global healthcare equipment market. This market encompasses businesses involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. The global healthcare equipment market, a constituent of the broader global healthcare industry, was estimated to be worth USD395.63 billion in 2023. Technavio determines the market size by aggregating the revenues of manufacturers producing diagnostic equipment and devices employed across diverse therapy areas. - The Manometry System Market is experiencing significant growth, fueled by the Increasing incidence of gastrointestinal diseases. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The market size is estimated to grow by USD 48.32 million, at a CAGR of 4.77% during the forecast period. Increasing focus on high-resolution manometry systems | Increasing growth opportunities in emerging markets | Rising funding in healthcare industry
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The manometry system market in North America is experiencing significant growth due to the rising incidence and prevalence of chronic gastrointestinal diseases, leading to increased demand for diagnostic tests such as anorectal manometry. This trend is further fueled by increasing healthcare expenditure and the growing focus of pharmaceutical and biotechnology companies on research and development to innovate advanced healthcare equipment. One notable example is LABORIE's Solar GI, an advanced high resolution manometry system, which caters to the demands of modern manometry examinations. The presence of both global and regional vendors in the market adds to the competitive landscape and drives market growth during the forecast period.
The Manometry System Market encompasses transducers and sensors used to measure pressure in various systems of the human body, including the cardiovascular, urological, respiratory, and gastrointestinal tracts. These systems are essential for monitoring body cavities and diagnosing issues related to the heart, urological system, respiratory system, and gastrointestinal tract. Standalone manometry systems and portable manometry instruments are popular choices for real-time data collection, especially in gastroenterology for diagnosing chronic constipation, anorectal issues, and gastrointestinal motility disorders. Anorectal Manometry Systems are crucial for urogynaecologists in assessing fecal incontinence. Pricey manometry systems are common in hospitals and short-term hospital stays, while portable manometry systems and instruments are preferred in ambulatory surgical centers and gastrointestinal procedures. The aging population's increasing need for gastrointestinal illnesses treatment drives the market growth. The hospital industry invests heavily in manometry systems to cater to the rising demand for pressure sensors in various medical applications. Overall, the manometry system market is a significant contributor to the healthcare sector, providing valuable insights into the functioning of various body systems.
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