Data Bridge Market Research analyses that the Barrett’s esophagus market was valued at USD 4.43 billion in 2021 and is expected to reach USD 6.50 billion by 2029, registering a CAGR of 4.90% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Barrett's esophagus is estimated to affect over 12 million adults in the Americas, with over 1.5 million having only been diagnosed. Furthermore, it is expected that approximately 0.5 percent of Barrett's esophagus patients would acquire esophageal cancer. Barrett's esophagus affects more than 10% of people with GERD. Barrett's esophagus has intestinal cells that are more resistant to stomach acid than squamous cells, implying that the tissue alterations occur to protect the esophagus from acid exposure. This disease is more prevalent in men than in women, and it is more common in white people than in Hispanic people. It is uncommon in Asian and black people.
Key Growth Drivers:
- Changing lifestyle of people
The continuously changing lifestyle of people is estimated to enhance the Barrett’s esophagus market's growth. Growing obesity rates and increased alcohol consumption, both of which cause GERD in people and lead to Barrett's esophagus, are estimated to propel the market forward. Along with this, growing addiction of smoking is the risk factor resulting in Barrett’s esophagus and hence, influencing the market dynamics during the forecast period of 2022-2029.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of Barrett’s esophagus market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
The report outlines the involvement of key players, including:
GlaxoSmithKline plc (UK), Novartis AG (Switzerland), Bayer AG (Germany), Eli Lilly and Company (US), Merck & Co., Inc. (US), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Cipla Inc. (US), Abbott (US), AbbVie Inc. (US), Merck KGaA (Germany), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Dr. Reddy’s Laboratories Ltd. (India), Pfizer Inc. (US), Sanofi (France), F. Hoffmann-La Roche Ltd. (Switzerland), Boehringer Ingelheim International GmbH. (Germany), Procter & Gamble (US), Takeda Pharmaceutical Company Limited (Japan), Eisai Co., Ltd. (Japan)
Key Market Segmentation
Type (No Dysplasia, Low-Grade Dysplasia, High Grade Dysplasia, Others), Diagnosis (Endoscopy, Biopsy, Others), Treatment (Medication, Surgery, Others), Route of Administration (Oral, Parenteral, Rectal, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
The Barrett’s Esophagus market report includes the following countries in different regions:
The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here's an overview of the regions and the countries they include:
- North America: United States, Canada, and Mexico.
- Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
- Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
- Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
- South America: Brazil, Argentina, and other countries in South America.
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