Feeding Tubes Market Poised to Grow Owing to Rising Elderly Population

Feeding Tubes Market Poised to Grow Owing to Rising Elderly Population

Feeding tubes help provide nutrition to patients who are unable to eat normally. They are medical devices that allow delivery of liquid nutritional products, medicines and other substances directly into the stomach, duodenum or jejunum. The need for feeding tubes is increasing with rising prevalence of chronic diseases like cancer and gastrointestinal disorders which affect eating ability of patients. Moreover, growing elderly population who are more prone to such medical conditions and require long-term nutritional support is anticipated to drive demand for feeding tubes during the forecast period.

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 2024–2031.

Key Takeaways

Key players in the feeding tubes market:

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. These players are focusing on new product launches and geographic expansion to strengthen their market position.

Key Opportunities In The Market:

Growing prevalence of chronic diseases and increasing focus on home healthcare are expected to offer significant growth opportunities for players in the feeding tubes market. Development of innovative feeding tubes with advanced features to address unmet needs of patients will gain more traction in the market.

Global Expansion In The Market:

Leading companies are expanding their footprint globally, especially in emerging economies of Asia Pacific and Latin America which are expected to offer high growth potential due to growing medical infrastructure and increasing healthcare spending. Partnerships and collaborations with regional players can help accelerate their global expansion plans.

Market Drivers:

Rising geriatric population worldwide prone to chronic diseases affecting nutrition absorption ability is a major driver boosting growth of the global feeding tubes market. According to the United Nations, the population aged 60 years and above is expected to nearly double from 12% to 22% between 2015 and 2050. Growing preference for home healthcare compared to hospitalization further supports market growth as it allows convenient feeding tube management at home.

Market Restraints:

One of the key challenges for feeding tubes market is risk of complications associated with tube insertion and maintenance such as infection, ulcer formation, tube dislodgement etc. which restricts their widespread adoption. Additionally, availability of alternative nutrition delivery methods and lack of reimbursements in some countries also hinders market growth. Strict regulatory approval processes for new feeding tubes add to developmental delays.

Segment Analysis

The global feeding tubes market is dominated by the enteral feeding tubes segment, which holds a share of over 70%. Enteral feeding tubes are used in more number of patients compared to parenteral feeding tubes and hence dominate the market. These feeding tubes are used for providing nutrition to patients who are unable to swallow. Gastrostomy tubes, which are used for long-term administration of nutrition directly into the stomach, occupy the major share in the enteral feeding tube segment. The rise in chronic diseases requiring long-term enteral nutrition and the increase in geriatric population who often require gastrostomy tubes are driving the growth of this sub-segment over the forecast period.

Global Analysis

North America holds the largest share in the global feeding tubes market and is expected to maintain its dominance during the forecast period. The presence of advanced healthcare infrastructure and high demand for enteral feeding tubes from the growing geriatric population make North America a lucrative market. Asia Pacific is expected to witness the fastest growth rate during the forecast period owing to the rising awareness about enteral feeding tubes, surging medical tourism industry and improving healthcare spending in the region. Rising prevalence of chronic conditions requiring nutritional support and increase in preterm births in emerging economies such as India and China is likely to boost the feeding tubes market in Asia Pacific. Europe commands a substantial share in the global market and is led by Germany, UK and France mainly due to the availability of advanced treatments and favourable reimbursement policies.

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?

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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)