Report Ocean introduces a fresh report examining the Nasogastric Tube Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Nasogastric Tube Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Nasogastric Tube Market is valued at approximately USD 479.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. The nasogastric tube market refers to the global market for medical devices that are used to deliver nutrients, medications, or other substances directly into the stomach through the nose. Nasogastric tubes are typically made of flexible plastic and are inserted through one nostril and passed down the back of the throat and into the stomach. They are commonly used in a variety of medical settings, including hospitals, long-term care facilities, and home healthcare. The market demand is primarily driven by the factors such as the increasing prevalence of gastrointestinal diseases, the growing proportion of the geriatric population and the rising demand for enteral nutrition.
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In addition, the increasing proportion of the geriatric population and growing numbers of undernourished people are acting as major driving factors for market growth. According to Our World in Data, the population of undernourished rose from 650.3 million in 2019 to 768 million in 2020 with the highest of them being in India with 208.6 million, Nigeria accounting for 29.4 million, Pakistan with 27.9 million and so on. Similarly, according to World Health Organization, by 2030, 1 in 6 people in the world will be aged over 60 years. The population of aged people will increase from 1 billion in 2020 to 1.4 billion in 2030. The rising population of elderly people and increasing proportion of malnourished people are propelling the need for nasoenteric feeding to provide nutrition, thus, in turn; these factors are expected to escalate the demand for nasogastric tubes in the global market. Furthermore, the increasing development of advanced nasogastric tubes and rising rates of hospitalization among the elderly and children population are presenting lucrative opportunities for market growth over the forthcoming years. However, the high cost of advanced nasogastric tubes is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Nasogastric Tube Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue due to the regional development of numerous regulatory guidelines and the presence of advanced technology in the region. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as growing unmet demand for digestive illness care centres in the region, increasing patient awareness of such services, rising rates of hospitalization among the elderly and children and increasing development of advanced nasogastric tubes are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Poly Medicure Ltd.
Medtronic Plc.
Becton, Dickinson and Company
Cardinal Health
QMD
Guangdong Baihe Medical Technology Co., Ltd.
SecurMed UK
BIcakcIlar Medical Devices
Angiplast Private Limited
Well Lead Medical Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Patient Type:
Adult
Pediatric
Geriatric
By Indication:
Stomach Cancer
Esophageal Cancer
IBD
Chronic Kidney Disease
Dysphagia
Others
By Type:
Small-bore feeding tubes
Large-bore feeding tubes
By End-use:
Hospitals & Nursing Homes
Home Care
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
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Comprehensive Market Insights: Delve into the depths of the Nasogastric Tube Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Nasogastric Tube market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
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Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Nasogastric Tube market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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