The Dysphagia Management Market To Reap Rewards By Reaching US$ 6 Billion, With

Posted by Ashish on January 19th, 2021

The new report by Persistence Market Research (PMR) unveils that the worldwide revenue of dysphagia management market to reach US$ ~3.5 Bn, by the end of 2019. It is projected that the business sector for dysphagia management is expected to grow at a healthy CAGR between 2019 and 2029, according to PMR’s research report.

Expanding presence of managed care institutions, particularly in developed economies, is fueling the demand for neglected treatments such as dysphagia management. For instance, implementation of Affordable Care Act in the U.S. has helped in successfully increasing insurance coverage because of which an increasing number of people are coming under the net of dysphagia management.

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Increasing Number of Local Players Adding to the Competition in Dysphagia Management Landscape

Growing prevalence and rising demand for nasogastric tube and PEG tubes in primary dysphagia management have created an opportunity for local players to come with dysphagia management products at competitive rates. Apart from global market players such as Cook Medical Incorporation and Becton, Dickinson and Company, there are several other local players in the regional dysphagia management market across the globe that are catering to the local market.

For example, Dr. Goyal Medical Private Limited, OR Surgicals, NeoDevices, Inc and other small players are also participating in the dysphagia management market.

According to the PMR report, in distribution channel, hospital pharmacies will dominate the supply side in the dysphagia management market by the end of 2019. Following hospital pharmacies, retail pharmacies are next expected to harness maximum share in the forecast period of 2019-2029. This is due to the growing demand for dysphagia management products avenues in developed and emerging countries.