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According to The Business Research Company’s Barrett’s Esophagus Global Market Report 2023, the global market is projected to increase from $5.66 billion in 2022 to $5.98 billion in 2023, with a CAGR of 5.60%. The market size is anticipated to reach $7.54 billion in 2027, growing at a CAGR of 5.97%.

What was the major driver in the barrett’s esophagus market?
The increased risk of esophageal cancer is expected to drive the Barrett esophagus market’s growth. Esophageal cancer affects the long tube connecting the throat to the stomach. The risk is higher in people with high-grade dysplasia in Barrett’s esophagus. In 2023, the American Cancer Society projects 21,560 esophageal cancer cases, up from 20,640 in 2022. Consequently, the growing esophageal cancer risk fuels the Barrett esophagus market’s expansion.

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What was the key trend in the barrett’s esophagus market?
Product innovations are the primary trends in the Barrett esophagus market. Key industry players are dedicated to creating innovative products to maintain their market presence. In February 2020, PAVmed Inc., a US-based medical technology company, introduced EsoCheck and EsoGuard, a device and test designed for Barrett’s esophagus detection. This 5-minute office-based test helps patients assess the risk of esophageal cancer.

Which was the largest region in the barrett’s esophagus market?
North America was the largest region in the barrett esophagus market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in barrett’s esophagus report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the barrett’s esophagus market prominent players?
Major players in the barrett esophagus market are F Hoffmann-La Roche Ltd., Sanofi SA, AstraZeneca plc, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Medtronic PLC., Merck KGaA, Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, AdventHealth Medical Group, Olympus Corporation, Eisai Co. Ltd., Steris plc, Aurobindo Pharma Limited, Cook Medical Inc., Endo International plc, Sun Pharmaceutical Industries Limited, Ironwood Pharmaceuticals Inc., Spectrum Health System, Sebela Pharmaceuticals Inc., Phathom Pharmaceuticals Inc., EndoGastric Solutions Inc., NinePoint Medical Inc., Mederi Therapeutics Inc., SRS Pharmaceuticals Pvt. Ltd, Pinnacle Biologics Inc., Addex Therapeutics Ltd., Johnson & Johnson Private Limited, SpectraScience Inc., and Zydus Group.

Key barrett’s esophagus market segments
The global barrett’s esophagus market is segmented –
1) By Type: No Dysplasia, Low-Grade Dysplasia, High Grade Dysplasia, Other Types
2) By Treatment: Medication, Endoscopic Therapy, Surgery, Other Treatments
3) By Route Of Administration: Oral, Parenteral, Rectal, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels

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The Barrett’s Esophagus Global Market Report 2023  provides a comprehensive overview on the barrett’s esophagus market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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