The feeding tubes market is estimated to be valued at US$ 6.34 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Key Market Takeaways:
The global feeding tubes market is anticipated to witness a CAGR of 6.2% during the forecast period 2023-2030, owing to the growing prevalence of chronic diseases requiring long-term nutrition support and rising preterm birth rates.
- On the basis of product type, nasogastric tubes segment is expected to hold a dominant position due to their low cost and ease of use.
- Based on age group, the adult segment is expected to hold the major share due to high risk of malnutrition and dysphagia in adult population.
- Oncology is projected to dominate the application segment due to widespread usage of feeding tubes for nutritional support in cancer patients.
- Polyurethane accounts for over 40% share of the feeding tubes market by material due to its flexibility and biocompatibility.
- Hospitals are likely to remain the key end users in the global feeding tubes market over the forecast period.
- North America is expected to hold the dominant position over the forecast period owing to rising healthcare expenditure and technological advancements.
Feeding Tubes Market Report Coverage
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Report Coverage |
Details |
|
Market Revenue in 2023 |
USD 6.34 Billion |
|
Estimated Value by 2030 |
USD 9.69 Billion |
|
Growth Rate |
Poised to grow at a CAGR of 6.2% |
|
Historical Data |
2018–2022 |
|
Forecast Period |
2023–2030 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Product Type, By Age Group, By Application, By Material Type, By End User |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Growth Drivers |
• Increasing Prevalence of Chronic Diseases and Conditions • Strong Focus on Technological Advancements |
|
Restraints & Challenges |
• Lack of Awareness among the Medical Society about Enteral Feeding Devices |
Market Dynamics:
The feeding tubes market is driven by the rising prevalence of chronic diseases such as cancer, gastrointestinal diseases, and neurological disorders. Feeding tubes help in administering nutrition in patients suffering from these diseases who are unable to swallow or have difficulty in swallowing.
In addition, advances in enteral feeding procedures such as improved tube designs and insertion techniques are also expected to aid market growth.
Market Trends:
- Government initiatives aimed at improving healthcare infrastructure and increasing healthcare expenditure in developing countries is expected to drive the demand for quality healthcare services including feeding tubes procedures.
- According to the WHO, preterm births affected around 15 million infants each year globally as of 2020. The rising preterm birth rate is thus expected to generate significant demand for feeding tubes over the forecast period.
Market Opportunities:
- Nasogastric tubes account for the largest share of approximately 35% of the overall feeding tubes market. Nasogastric tubes are thin, flexible tubes that are inserted into the nose and passed down into the stomach. They are commonly used in hospitals to provide short-term nutrition to patients who are unable to eat normally. The increasing prevalence of chronic diseases requiring tube feeding and rising number of preterm births are major factors driving the demand for nasogastric tubes.
- The adult age group segment holds the major share of over 60% of the total feeding tubes market. Adults are more prone to chronic diseases such as cancer, neurological disorders, and gastrointestinal issues requiring long-term tube feeding. Furthermore, rising geriatric population worldwide who are at high risk of dysphagia and nutritional deficiencies favors the growth of this segment.
Competitor Insights
Key players in the feeding tubes market include:
- 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
- Braun SE
- Trovita Health Science
- Victus Inc.
- Avanos Medical Inc.
- Moog Inc
- Conmed Corporation
- Cook Medical
Recent Developments:
- In July 2022, Cardinal Health, an American multinational healthcare services company, announced that it had acquired the Bendcare group purchasing organization (CPO-GPO) entity and made a minority investment in the Bendcare management services organization (MSO).
Market Segmentation:
- By Product Type:
-
- Nasogastric Tubes
- Gastrostomy Tubes
- Jejunostomy Tubes
- Gastrojejunostomy Tubes
- Low Profile Tubes
- By Age Group:
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- Adults
- Pediatrics
- Neonates
- By Application:
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- Oncology
- Gastroenterology
- Diabetes
- Hypermetabolism
- Others (Neurological Disorders and Others)
- By Material Type:
-
- Polyurethane
- Polyvinyl Chloride (PVC)
- Silicon
- Others (Polyethylene, Teflon, etc.)
- By End User:
-
- Hospitals
- Home Care Settings
- Ambulatory Surgical Centers
- Nursing Facilities
- Others (Long-term Care Facilities and Others)
- By Region:
-
- North America:
- U.S.
- Canada
- Latin America:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe:
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East:
- GCC Countries
- Israel
- Rest of Middle East
- Africa:
- South Africa
- North Africa
- Central Africa
- North America: