by The global feeding tubes market is primarily driven by the rising prevalence of chronic illnesses including cancer, neurological disorders and gastrointestinal disorders. Feeding tubes are medical devices used to provide nutrition to patients who are unable to feed orally or have difficulty swallowing. There are various types of feeding tubes available including nasogastric tubes, gastrostomy tubes and jejunostomy feeding tubes. Nasogastric tubes are inserted through nose into the stomach and are used for short term feeding. Gastrostomy tubes are surgically inserted directly into the stomach through an opening in the abdomen and are used for long term feeding. Jejunostomy tubes are inserted through an abdominal incision directly into the small intestine or jejunum. Feeding tubes are made of flexible plastics like polyurethane or silicone and are available in different sizes depending on the intended use in adults or children. They help improve the nutritional status and quality of life for patients.
The global Feeding Tubes Market Size is estimated to be valued at US$ 6.34 billion in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the global feeding tubes market are Boston Scientific Corporation, Vygon, BD, Cardinal Health, Amsino International, Inc., Fidmi Medical, Vesco Medical, McKesson Medical-Surgical, Medela AG, ALCOR Scientific, Nutricia, Medline Industries, Inc., Mead Johnson & Company, LLC., Abbott, Meiji Holdings Co., Ltd., Fresenius Kabi AG, B. Braun SE, Trovita Health Science, Victus Inc., Avanos Medical Inc., Cardinal Health, Moog Inc, Conmed Corporation, and Cook Medical. The rising geriatric population susceptible to chronic diseases as well as growing demand for minimally invasive procedures are some key opportunities in the market. There is high potential for market expansion in developing regions of Asia Pacific, Latin America, and Middle East & Africa owing to improvement in healthcare infrastructure and increasing healthcare expenditure.
Market Drivers
A key driver propelling the growth of the global feeding tubes market is the rapid rise in geriatric population worldwide susceptible to chronic illnesses and disabilities requiring long-term tube feeding. As per WHO, the population aged 60 years and above is expected to reach 2 billion by 2050 from 900 million in 2015. Additionally, increasing prevalence of neurological disorders such as Parkinson’s disease and dementia along with cancers requiring surgical interventions are augmenting the demand for feeding tubes for post-operative nutritional support.
PEST Analysis
Political: The political environment impacts feeding tubes market through various regulations put in place concerning marketing, manufacturing and pricing of feeding tubes. The regulations aim to ensure patient safety and fair trade practices are followed.
Economic: The global economy impacts the disposable incomes of customers and healthcare spending by various governments which in turn affects the demand for feeding tubes used for malnutrition and other medical conditions.
Social: Changing demographics with a growing aging population is creating more demand for feeding tubes to support patients with swallowing difficulties. Growing incidence of chronic diseases also raises the need for tube feeding assistance.
Technological: Advancements in material sciences aid in developing softer and more comfortable feeding tubes. New technologies incorporated in tube design help in easier insertion and ensure secure placement. Telemedicine is also enabling remote monitoring of tube fed patients.
Geographical Concentration
The North American region accounts for the largest market share currently in terms of value due to high demand from the United States which has a well-developed healthcare system and rising prevalence of chronic conditions necessitating tube feeding.
Fastest Growing Region
The Asia Pacific region is expected to witness the fastest growth in the feeding tubes market over the forecast period. This can be attributed to increasing healthcare investments, growing medical tourism industry and rising incidence of malnutrition in developing countries of the region. The large patient population base and rapid economic growth in countries like China and India will drive higher adoption of feeding tubes.
What Are The Key Data Covered In This Global Feeding Tubes Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Feeding Tubes’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Feeding Tubes and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global Feeding Tubes Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Feeding Tubes vendors
FAQ’s
Q.1 What are the main factors influencing the Global Feeding Tubes?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Feeding Tubes companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Feeding Tubes’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
