May 22, 2024
Global Feeding Tubes Market

The Global Feeding Tubes Market Is Surging Due To Increasing Geriatric Population

Feeding tubes provide nutrition to patients who are unable to eat or absorb enough food through mouth due to various medical conditions. Enteral feeding tubes are inserted into the stomach or small intestine to deliver nutrition, fluids, and medications. They help prevent complications of malnutrition and dehydration by maintaining adequate nutritional status. Rising prevalence of cancer, neurological disorders, pre-term births and growing geriatric population worldwide are major factors boosting the demand for feeding tubes.

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 growing demand for feeding tubes can be attributed to the increasing number of pre-term births and rise in chronic illnesses worldwide. According to the WHO, approximately 15 million babies are born preterm each year. Preterm birth complications require long-term tube feeding support. Moreover, aging population is more prone to develop dysphagia and neurological conditions necessitating feeding tube placement. The global population aged 60 years and above is expected to reach 2 billion by 2050.

Manufacturers are focusing on expanding their presence in emerging markets to tap the growth opportunities. Favorable regulations, improving reimbursement policies, and rising healthcare expenditure in developing countries will accelerate the adoption of enteral feeding solutions. Continuous innovations in tube design, composition and feeding method are being made to enhance patient comfort and safety. Introduction of low-profile tubes, microbiome-protected tubes and app-controlled automated feeding pumps are some key innovations.

Market Key Trends

One of the major trends in the feeding tubes market is the growing demand for silicone tubes. Silicone provides enhanced flexibility and durability. It is safer and causes less inflammation or granuloma formation compared to polyurethane or latex tubes. Silicone tubes are biocompatible and well-tolerated by patients for long-term use. Their elasticity helps in easy insertion and removal with minimal trauma to tissues. These advantages have increased the preference for silicone feeding tubes among healthcare providers and patients. Another key trend gaining traction is the adoption of low-profile tubes. Their small diameter causes less discomfort to patients and allows enhanced mobility. Low-profile enteral tubes are increasingly being used for home-based chronic care management.

Porter’s Analysis

Threat Of New Entrants: The feeding tubes market has a moderate threat of new entrants due to the high costs associated with R&D and manufacturing feeding tube products. Established players have economies of scale and product differentiation advantages.

Bargaining Power Of Buyers:
The bargaining power of buyers is moderate. Feeding tubes are clinically-indicated products, so buyer options are somewhat limited by specific medical conditions and physician recommendations. However, price transparency increases buyers’ power.

Bargaining Power Of Suppliers: The bargaining power of suppliers is moderate. Key components and materials have some commodity characteristics but suppliers also face high barriers and costs to enter this market. Supplier switching costs are moderate.

Threat Of New Substitutes:
The threat of new substitutes is low as there are limited alternatives to feeding tubes for delivering nutrition or hydration to patients with swallowing difficulties or digestive problems.

Competitive Rivalry: The market has many players but is characterized by marginal product differentiation and price competition between major global players.

Geographical Regions

North America currently accounts for the largest share of the global feeding tubes market in terms of value, due to high healthcare spending and growing prevalence of chronic diseases in the U.S. and Canada.

The Asia Pacific region is expected to grow the fastest during the forecast period, with China, India, Japan, and South Korea being major emerging markets. Rising incomes, growing aging population, increasing obesity rates, and improvements in healthcare infrastructure are driving higher spending and expansion of enteral nutrition therapies in Asia Pacific.

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 Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Feeding Tubes Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Global Feeding Tubes Market 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 Market vendors

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