April 17, 2024
Global Feeding Tubes Market

Global Feeding Tubes Market Is Expected to Be Nourished by Rising Prevalence of Chronic Diseases

Feeding tubes are medical devices that are used for delivering liquid food or medication directly into the stomach, duodenum, or jejunum of patients who are unable to consume orally. Feeding tubes find widespread adoption in hospital settings for providing nutrition to critically ill patients, preterm babies, and those recovering from surgery or trauma. Various types of feeding tubes available in the market include nasogastric tubes, nasojejunal tubes, percutaneous endoscopic gastrostomy tubes, and radiologically inserted gastrostomy tubes. Nasogastric tubes are commonly used for short-term feeding, while gastrostomy tubes provide long-term access for nutrition in patients suffering from chronic conditions or neurological disorders.

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

Market Dynamics:

The rising prevalence of chronic diseases that impair swallowing capabilities such as cancer, neurological disorders, and gastrointestinal diseases is expected to drive the demand for feeding tubes over the forecast period. As per the statistics by the World Health Organization, cancer burden is estimated to grow to 27 million new cancer cases and 16.3 million cancer deaths by 2040. Similarly, the Alzheimer’s Disease International report states the number of people living with dementia is estimated to reach 152 million by 2050. The increasing availability of home enteral nutrition therapies and support groups is offering caregivers confidence to provide nutrition via feeding tubes at home, which is further fueling the market growth. Moreover, continuous technological innovations are leading to the development of advanced feeding device platforms integrated with safety features and controllers to facilitate management of nutrition delivery. This is anticipated to boost the acceptance of feeding tubes among patients and caregivers.

Segment Analysis

The global feeding tubes market is dominated by the enterogastric feeding tubes segment which holds a share of over 50% of the market. Enterogastric feeding tubes are designed to provide nutrition directly into the stomach or small intestine when oral feeding is not possible or inadequate. They are widely used for patients who are unable to eat normally due to medical conditions like cancer, neurological disorders, gastrointestinal diseases etc. This segment is dominating as enteral feeding through gastric or jejunal routes is considered safer and associated with fewer complications compared to parenteral routes of nutritional administration.

PEST Analysis

Political: Governments across major countries are focusing on improving healthcare infrastructure and providing better medical facilities to citizens. This is positively impacting the growth of the feeding tubes market.

Economic
: Rising healthcare expenditures coupled with increasing incidence of chronic diseases is fueling demand for advanced feeding solutions. The economic burden of malnutrition is also driving the market.

Social
: Growing geriatric population worldwide who are more prone to diseases necessitating feeding tube placement is a key growth driver. Rising awareness about ENT nutrition management is further augmenting adoption.

Technological
: Manufacturers are developing innovative product variants with advanced features like low profile design, smooth tubes, anti-reflux valves for improved patient comfort and safety. Coated tubes to prevent clogging and infections are also gaining traction.

Key Takeaways

The Global Feeding Tubes Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing prevalence of chronic illnesses, growing elderly populationbase and advancements in enteral feeding technologies. The global Feeding Tubes Market was valued at US$ 6.34 billion in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.

Regional Analysis

North America dominates the global market led by countries like the US and Canada due to rising healthcare spending, presence of major players and growing disease burden. Asia Pacific is expected to grow at the fastest pace during the forecast period with China and India being major revenue generators in the region. Increasing healthcare investments, expanding medical infrastructure and growing medical tourism are fueling the APAC market.

Key Players
Key players operating in the Feeding Tubes market are Boston Scientific Corporation, B. Braun Melsungen AG, CONMED Corporation, Fresenius Kabi AG, Danone, C. R. Bard, Nestle Health Science, Cook Medical, Applied Medical Technology, and Amsino International. Boston Scientific holds a significant share owing to its wide gastric feeding tube portfolio.

Objectives of the Report:

1) Investigate and forecast the value and volume of the Global Feeding Tubes Market.

2) Estimate market shares for major UAE Dark Kitchens And Ghost Kitchens segments.

3) To demonstrate how the market for UAE Dark Kitchens And Ghost Kitchens is evolving in various parts of the world.

4) Research and analyze micro markets in terms of their contributions to the Global Feeding Tubes Market, as well as their prospects and individual growth patterns.

5) To provide precise and useful information on the factors influencing the rise of UAE Dark Kitchens And Ghost Kitchens.

6) To provide an in-depth analysis of key business strategies used by major companies in the Global Feeding Tubes Market, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.

FAQ’s

Q.1 What are the main factors influencing the Global Feeding Tubes Market?

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 Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Global Feeding Tubes Market’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: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it