Manometry Systems Market: Overview
The term manometry refers to a diagnostic procedure that is conducted to make measurement of the pressure or impedance exerted by muscles inside body lumen like nasal cavity, rectum, and esophagus. A catheter or probe that contains liquid phase or solid phase pressure transducer is inserted inside the lumen. Pressure that has been exerted by the muscles is then measured by using a computer system and a manometry unit. Manometry is done so as to evaluate motility studies in many of the disorders like abnormal sphincter contraction, fecal incontinence, constipation, dysphagia, and achalasia. Gastro-intestinal manometry lasts around 5 to 24 hours. Technological advancement in the manometry system are allowing other tests that are to be performed together with impedance mapping like temperature monitoring and pH monitoring.
Considering the international vendor landscape, the world market for manometry systems can be considered as moderately fragmented and the market players focus on strategically important partnerships, collaborations, mergers, and acquisitions.
Manometry Systems Market: Trends and Opportunities
Expansion in the base of geriatric population and changing dietary habits are estimated to increase the number of patients with gastrointestinal motility diseases like dysphagia, hiatal hernia, achalasia, and constipation. Increase in the investment for the development of healthcare infrastructure and rising per capita healthcare expenditure are quite likely to drive the world market for manometry systems in the years to come. In addition to that, less awareness amongst patients and physicians in underdeveloped and emerging economies and high cost are prognosticated to limit the growth of the market.
Besides, high adoption of manometry for many of the diagnosis procedures so as to monitor on a long-term basis is estimated to contribute towards high share of the market by the hospital industry. Rising demand for hospital stay that is short-term and increasing number of gastrointestinal processes like endoscopy that is being done at ambulatory surgical centers are quite likely to fuel the segment.
Manometry Systems Market: Geography
In terms of geography, the world market for manometry systems can be divided into North America, Latin America, Middle East & Africa, Asia Pacific, and Europe. Increased adoption of technology and high cost of healthcare from private and public sector in North America are expected to contribute towards the high market share of this region. In addition to this, wide prevalence of gastrointestinal disorders that is lifestyle induced is expected to fuel the market in North America. The region of Europe is expected to hold around substantial share of the world market for manometry systems over the period of forecast owing to the well-established health care infrastructure in the said region. Rising investment by the various governing bodies in the development of health care infrastructure in various emerging markets like India and China are likely to propel the said market in Asia Pacific. The regions of Latin America and South Asia are forecasted to have very high prevalence of gastro-intestinal motility diseases across the world and the same is estimated to expand the base of manometry systems in these regions thereby propelling the market.
Manometry Systems Market: Company Profiling
The analysts of this report have profiled some of the topnotch companies that are active in this market. Major market participants that are operating in the world market for manometry systems comprise EB Neuro S.p.A., MEDSPIRA, Medtronic, Medica S.p.A., RMS Medical Devices, MARQUAT Génie Biomédical, Diversatek, Inc., Dentsleeve International Ltd, and LABORIE are some of the prominent names that adorn the said market. These leading companies are expected to focus on strengthening their presence across various geographical through various growth promoting strategies like acquisitions, partnerships and collaborations, and product diversification.
For the purpose of this study, the market has been segmented as follows:
- Global Manometry Systems Market, by Product
- Liquid Manometry systems
- Gas Manometry systems.
- Global Manometry Systems Market, by End-User
- Academic Research Institutes
- Pharmaceutical and Biotechnology Industry,
- Food and Beverage Industry
- Diagnostic Laboratories
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.