The Reflux Testing and Monitoring Devices Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New York, NY -- (SBWIRE) -- 03/09/2017 -- Reflux Testing and Monitoring Devices Market: Drivers and Challenges
The increasing prevalence of lifestyle diseases over the past decade resulted in the gastroesophageal reflux disease (GERD) which drives the demand for the reflux testing and monitoring devices over a forecast period.
The global reflux testing and monitoring devices market is expected to register a significant CAGR over a forecast period. The increasing prevalence of the lifestyle diseases such as diabetes, heart diseases, obesity due to the changing lifestyle and eating habit of the people resulted in the gastroesophageal reflux disease which increases the demand for the reflux testing devices and boosts the global reflux testing and monitoring devices market. The reflux testing and monitoring devices detect the symptoms of the GERD, related to less acidic or gas reflux over the conventional pH-metry, and boost the demand for the reflux testing and monitoring devices and drives the market. The increasing research and development activities for the innovations and up-gradation of reflux testing and monitoring devices also drives the global reflux testing and monitoring devices market. The reflux testing and monitoring devices easily and more effectively detect the symptoms and complications of GERD in infants and children as compared to conventional devices, which also boost the demand for reflux testing and monitoring devices and drives the global market of devices.
Reflux Testing and Monitoring Devices Market: Key Players
Some of the market players in reflux testing and monitoring devices market globally include Medtronic, Inc., Biomedix SA., Sierra Scientific Instruments, Medovations, Inc., Alba Diagnostics Ltd, Mui Scientific and Arndorfer Medical Specialties.
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Reflux Testing and Monitoring Devices Market: Regional Overview
On the basis of regional presence, the global reflux testing and monitoring devices market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The North America is dominating and contributed the leading shares to the global reflux testing and monitoring devices market in terms of revenue and expected to register a significant growth over a forecast period due to the rapidly increasing prevalence of lifestyle diseases in the region. The Europe has also contributed the significant shares and registered a healthy growth rate to the global reflux testing and monitoring devices market followed by North America. The APEJ has become the lucrative market for reflux testing and monitoring devices and anticipated to register moderate growth rate over the forecast period due to the increasing geriatric population and related lifestyle diseases. The government funding and initiatives for the research and development activities in healthcare industry also boosts the APEJ reflux testing and monitoring devices market. The Latin America and MEA are at a nascent stage to the global reflux testing and monitoring devices market and expected to show a healthy growth over a forecast period.
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