Market Trends of Gastroesophageal pH Meters Industry
This section covers the major market trends shaping the Gastroesophageal pH Meters Market according to our research experts:
Portable pH meter dominates the Gastroesophageal pH meter Market
- Portable pH meter dominates the market attributed to highly preferable due to its compatibility and poor tolerance of catheter-based pH test, leading to the adoption of wireless pH test. Moreover, precise results with easy to use portable pH meter will drive the overall market.
- Technological advancement in the gastroesophageal pH meter is promoting the growth of the market for example bravo capsule which contains an acid-sensing probe, transmitter and battery which measure the pH level. For instance, a company name Medtronic has a product Bravo™ Reflux Capsule which helps in the diagnosis of gastroesophageal reflux diseases.
- In addition, with the rising prevalence of gastroesophageal reflux diseases worldwide is leading to the adoption of portable pH meter for evaluation of reflux diseases thereby propelling the overall segment growth.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America expected to hold a major market share in the global gastroesophageal pH meter market due to increasing incidences of gastroesophageal reflux diseases. As according to the Global health Data Exchange, there were around 1.89 million gastroesophageal reflux diseases people in 2016 which were increased to 1.91 million in the United States leading to adoption of gastroesophageal pH meters for evaluation of disease.
Moreover, health concern and rising awareness about healthcare, increasing healthcare expenditure and presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
