by The global feeding tubes market comprises feeding tubes and feeding pump accessories that provide essential nutrition to patients who cannot eat normally. Feeding tubes are inserted into the stomach, duodenum, or jejunum and ensure adequate nutritional intake for patients suffering from neurological disorders, cancer, gastrointestinal diseases, and others. The leading types of feeding tubes include nasogastric tubes, gastrostomy tubes, and jejunostomy feeding tubes. They are made from polyurethane or silicone materials for comfort, flexibility, and durability. Feeding tubes enable effortless administration of liquid nutrition, medications, and water directly into the stomach or small intestine. They prevent malnutrition, dehydration, and enhance the recovery process of patients.
The Global Feeding Tubes Market Size is estimated to be valued at US$ 6.34 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023-2030.
Rising prevalence of chronic diseases worldwide driving the need for artificial nutrition is a key factor fueling market revenue growth. In addition, increasing geriatric population prone to dysphagia and other swallowing disorders will continue augmenting the demand for feeding tube devices in the coming years.
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 enteral feeding among homecare and long-term care settings is fueling market revenue. Various players are focusing on developing low-profile gastrostomy tubes and tubes with anti-reflux valves to expand their product portfolios.
Market leaders are actively engaged in new product launches and geographical expansion strategies across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to leverage potential opportunities.
Market Key Trends
Increasing adoption of low-profile percutaneous endoscopic gastrostomy (PEG) devices is a key trend witnessed in the global feeding tubes market. Their small external dimensions and rigid, internal bolster significantly reduce the risk of dislodgement. Furthermore, advances in feeding tube system designs including low- profiles, anti-reflux valves and extension tubes for gravity feeding are allowing for improved placements while enhancing comfort of tube-fed patients. This has significantly expanded their applications in homecare settings and long-term care facilities.
Porter’s Analysis
Threat Of New Entrants: Low capital requirements and established buyers in healthcare industry pose moderate threat of new entrants in the industry.
Bargaining Power Of Buyers: Large buyers like hospitals and home healthcare agencies have moderate to high bargaining power due to availability of substitutes.
Bargaining Power Of Suppliers: Feeding tubes require specialized production techniques and quality standards hence suppliers have moderate bargaining power.
Threat Of New Substitutes: Few substitute options exist for feeding tubes hence threat of substitutes is moderate.
Competitive Rivalry: Presence of many global and regional players leads to high competitive rivalry.
Geographical Regions
North America accounts for the largest share in global feeding tubes market in terms of value due to high healthcare spending and growing elderly population requiring nutrition supply.
Asia Pacific is expected to be the fastest growing region during the forecast period owing to increasing healthcare expenditures, large patient pool and rising cases of cancer, gastrointestinal disorders and neurological conditions requiring 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
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
