Report Ocean published a recovery-based report for Global Nasogastric Tube Market that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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.
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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.
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.
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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
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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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Some Questions Answered in the Global Nasogastric Tube Market Report:
- What is the projected size of the global Nasogastric Tube market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Nasogastric Tube industry?
- What are the major market trends that are affecting the expansion of the Nasogastric Tube market?
- What obstacles must be overcome in order to achieve sustained growth in the Nasogastric Tube market?
- What opportunities and threats do vendors in the global Nasogastric Tube market face?
- What are the raw materials and manufacturing equipment used in the production of Nasogastric Tube Market, and what is the manufacturing process?
- What are the different types and applications of Nasogastric Tube Market, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Nasogastric Tube market?
- What factors are driving the growth of the Nasogastric Tube market in the top regions worldwide?
- Who are the major players in the global Nasogastric Tube market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Nasogastric Tube market?
- What are the main findings of a five forces analysis of the global Nasogastric Tube market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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