Number of pages: 100 | Report Format: PDF | Published date: September 14, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
The global feeding tubes market was pegged at US$ 4.5 billion in 2021 and is expected to witness a CAGR of 5.9% during the forecast period.
The term "enteral feeding" describes the process of ingesting food through the GI system. The mouth, esophagus, stomach, and intestines make up the GI tract. It also applies to ingesting food or liquids through a tube that goes straight to the stomach or small intestine. Enteral feeding is typically used in a medical context to refer to tube feeding.
The rising geriatric population and the prevalence of chronic diseases are important drivers supporting the global feeding tubes market expansion throughout the predicted period. As doctors become more aware of feeding tubes advantage, this becomes a potential factor for the expansion of the global feeding tubes market. Increases in the number of people with chronic illnesses, preterm births that necessitate neonatal critical care, patient populations worldwide, and the move from parenteral to enteral nutrition will probably boost the growth of the feeding tube market throughout the projection period. The expansion of the global feeding tubes market is fueled by the development of disposable and portable feeding tubes.
Feeding tubes are expected to expand in popularity over the coming years, but unfavorable insurance company payment rules and problems related to using feeding tubes are limiting market expansion. The largest obstacle to the market's expansion will be a lack of skilled professionals.
The global feeding tubes market has been analyzed from five perspectives: - type, application, age group, end user, and region.
Feeding Tubes Market by Type
Based on type, the global feeding tubes market is divided into nasal tube, jejunal tube, gastric tube, and gastrojejunostomy tube. The gastric tube segment dominates the global feeding tubes market. As these are the most used feeding tubes both in children and adults. Nowadays G-tube comes with better designs, a skin-level button device, which can be even replaced at home.
Feeding Tubes Market by Application
On the basis of application, the global feeding tubes market is segmented into, gastroenterology, oncology, neurology, and diabetes. The oncology segment dominates the global feeding tubes market. This is due to the increasing prevalence of cancer globally.
Feeding Tubes Market by Age Group
On the basis of age group, the feeding tubes market is bifurcated into pediatrics and adults. The adult segment dominates the global feeding tubes market. Since feeding tubes are majorly used in patients with head and neck cancer, they are unable to swallow food. Thus, to fulfill the nutritional requirements of the patient feeding tubes are used.
Feeding Tubes Market by End User
Based on the end user, the global feeding tubes market is divided into hospitals, homecare settings, and clinics. The hospital segment holds the majority of the market share, due to the high number of patients with feeding tubes need are admitted mostly to hospitals. Whereas, as there is an inclination for home healthcare in the last few years, this segment of homecare settings is expected to witness a high growth rate.
Feeding Tubes Market by Region
Based on region, the global feeding tubes market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Due to an increase in surgical procedures and the adoption of new and advanced feeding tubes, North America currently holds a dominant position in the feeding tube market. However, Asia-Pacific is anticipated to experience the highest growth rate during the forecast period because of the rising prevalence of chronic diseases.
Some of the prominent players operating in the global feeding tubes market are: -
The global feeding tubes market is expected to grow at a CAGR of 5.9% in the forecast period.
Development of innovative products is one of the governing trends in the global feeding tubes market.
B.Braun Melsungen, Cardinal, etc. are a few key players in the global feeding tubes market.
The blood transfusion segment dominates the global feeding tubes market.
Asia Pacific region is expected to witness the highest growth in the global feeding tubes market in the forecast period.
*Insights on financial permanence is subject to availability of information in public domain