April 20, 2024
Feeding Tubes Market

The Feeding Tubes Market is expected to be flourished by Growing Prevalence of Chronic Disorders Requiring Enteral Nutrition

Feeding tubes are medical devices that are used to provide nutrition when someone cannot eat by mouth. They are placed through the skin and stomach lining or small intestine to provide liquid nutrition, fluids, medications. Feeding tubes are used in the management of various chronic disorders that cause difficulties in swallowing or digestive problems, such as cancer, neurological disorders, gastrointestinal disorders. Commonly used feeding tubes include nasogastric tubes, percutaneous endoscopic gastrostomy (PEG) tubes, jejunostomy tubes. They are available in varying sizes and designs for use in infants, children, and adults. Growing incidences of cancer, neurological disorders with swallowing problems, and digestive disorders requiring enteral nutrition are fueling the adoption of feeding tubes globally.

The global feeding tubes market was valued at US$ 6.34 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.

Market Dynamics

Increased prevalence of chronic disorders such as cancer, neurological disorders, gastrointestinal disorders that require enteral nutrition is one of the major drivers for the growth of the feeding tubes market. According to the National Cancer Institute, in 2023 around 1.9 million new cancer cases are expected to be diagnosed in the United States. The growing pool of cancer patients requiring enteral nutrition through feeding tubes is expected to propel the market growth over the forecast period. Additionally, the technological advancements in feeding tubes with improved safety and efficacy further support the market growth and uptake of feeding tubes globally.

Segment Analysis

The global feeding tubes market can be segmented based on product type, age group, end user and region. By product type, the market is dominated by enteral feeding tubes sub-segment owing to high prevalence of chronic diseases requiring tube feeding and ease of use of enteral feeding tubes. By age group, adults sub-segment holds the major market share as adults are more prone to chronic diseases such as cancer and neurological disorders requiring tube feeding.

Global Feeding Tubes Market Segmentation

By Product Type:
Nasogastric Tubes
Gastrostomy Tubes
Jejunostomy Tubes
Gastrojejunostomy Tubes
Low Profile Tubes

By Age Group:
Adults
Pediatrics
Neonates

By Application:
Oncology
Gastroenterology
Diabetes
Hypermetabolism
Others (Neurological Disorders and Others)

By Material Type:
Polyurethane
Polyvinyl Chloride (PVC)
Silicon
Others (Polyethylene, Teflon, etc.)

By End User:
Hospitals
Home Care Settings
Ambulatory Surgical Centers
Nursing Facilities
Others (Long-term Care Facilities and Others)

By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa

PEST Analysis

Political: Governments across countries are focusing on expanding healthcare infrastructure and funding for improving patient care. Various regulations are in place for ensuring safety and efficacy of feeding tubes.

Economic: Rising healthcare spending coupled with growing geriatric population worldwide is driving the market growth. High and growing incidence of chronic diseases necessitating feeding tubes further augment the market size.

Social: Increasing awareness about availability of feeding tubes and their benefits is positively impacting the market.

Technological: Advancements in feeding tubes technology such as low-profile tubes, single lumen tubes are enhancing patient comfort and experience. Development of silicone and PVC based tubes improve biocompatibility.

Key Takeaways

The global Feeding Tubes Market Size is expected to witness high growth during the forecast period owing to rising prevalence of chronic diseases, growing geriatric population and technological advancements. The global feeding tubes market was valued at US$ 6.34 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023-2030.

North America commands the major share of feeding tubes market owing to presence of sophisticated healthcare infrastructure, rising healthcare spending, presence of key players, and high adoption of latest feeding tubes and devices. Asia Pacific region is projected to grow at fastest CAGR during the forecast period led by factors such as high population base suffering from chronic diseases, improving access to healthcare facilities, and increasing healthcare expenditure.

Key Players operating in the 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 market is consolidated in nature owing to presence of few major players accounting for major market share. Market players are involved in new product launches and strategic collaborations for strengthening their market position globally.

Reasons to Purchase Feeding Tubes Market Report:

1. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

2. Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets.

3. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Feeding Tubes Market.

FAQ’s

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*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it