PUBLISHER: The Business Research Company | PRODUCT CODE: 1619570
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619570
An esophageal dilator is a medical device designed to stretch or widen the esophagus, the tube that carries food and liquids from the throat to the stomach. This procedure is typically used when the esophagus becomes narrowed, a condition known as esophageal stricture, which can lead to difficulty swallowing (dysphagia), pain, or other complications. The main goal of esophageal dilators is to alleviate obstructions or narrowing in the esophagus, thus improving the patient's ability to swallow.
The primary types of esophageal dilators include balloon dilators, mechanical dilators, and hydrostatic dilators. Balloon esophageal dilators are used to expand the esophagus and are made from materials such as plastic, metal, and other substances. These dilators are employed to treat conditions such as achalasia, esophageal strictures, Zenker's diverticulum, and esophageal cancer. The main end users of esophageal dilators are hospitals, ambulatory surgical centers, clinics, and doctors' offices.
The esophageal dilator market research report is one of a series of new reports from The Business Research Company that provides esophageal dilator market statistics, including the esophageal dilator industry global market size, regional shares, competitors with esophageal dilator market share, detailed esophageal dilator market segments, market trends, and opportunities, and any further data you may need to thrive in the esophageal dilator industry. These esophageal dilator market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 during the historic period can be attributed to the increase in endoscopic and gastrointestinal surgeries, rising obesity rates, the expansion of outpatient surgical centers, a 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 projected growth for the forecast period can be attributed to the increasing incidence of pediatric esophageal disorders, a rising prevalence of dysphagia, greater governmental focus on healthcare, a higher prevalence of hiatal hernia, and increased smoking and alcohol consumption. Major trends expected during this period include advancements in endoscopic training, progress in telemedicine, growing popularity of endoscopic ultrasound, improvements in endoscopic suturing techniques, and the integration of robotic technology.
The growing incidence of esophageal disorders is expected to drive the expansion of the esophageal dilator market. Esophageal disorders refer to a variety of conditions affecting the esophagus, which is the tube that transports food and liquids from the mouth to the stomach. The increasing prevalence of these disorders is linked to factors such as higher rates of gastroesophageal reflux disease (GERD), obesity, and changes in lifestyle. Esophageal dilators help by widening constricted areas of the esophagus, improving swallowing, and alleviating discomfort. For example, the American Cancer Society reported that there were 16,120 new deaths from esophageal cancer in 2023, with this number projected to increase to 16,130 in 2024. Consequently, the rise in esophageal disorders is fueling growth in the esophageal dilator market.
Leading companies in the esophageal dilator market are prioritizing the development of innovative devices, including fixed wire and wire-guided balloon dilators, to enhance patient outcomes and improve the effectiveness of esophageal treatments. Fixed wire dilators feature a permanently attached guide wire, while wire-guided dilators use a separate guide wire for navigation during procedures. For example, in September 2022, Diversatek Healthcare, a US-based medical device company specializing in products for gastroenterological (GI) care, introduced the Viper 3-Stage Balloon Dilator. This advanced endoscopic balloon dilator is made from PET, which enhances both its strength and flexibility. It is designed to expand to three different diameters at three distinct pressure levels within a single balloon, with options available in a range of balloon diameters from 8mm to 20mm, offered in both fixed and wire-guided delivery systems.
In March 2024, Scivita Medical Technology Co. Ltd., a China-based medical equipment manufacturer, collaborated with Boston Scientific Corporation. This partnership aims to co-develop future endoscopic devices, potentially including advanced esophageal catheters for minimally invasive procedures, thereby improving patient outcomes and procedural efficiency. Boston Scientific Corporation is a US-based company specializing in medical devices, including esophageal dilators used in endoscopic procedures.
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
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.
The countries covered in the esophageal dilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The esophageal dilator market consists of sales of wire-guided polyvinyl chloride (PVC) dilators, through-the-scope (TTS) balloon dilators, and savary-gilliard dilators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Esophageal Dilator Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on esophageal dilator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for esophageal dilator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The esophageal dilator market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.