Global Feeding Tubes Market Estimated to Witness High Growth Owing to Rising Geriatric Population

 Feeding tubes help provide nutrition to patients who are unable to swallow or unable to meet their daily calorie and nutrient requirements through oral intake. These include nasogastric tubes, percutaneous endoscopic gastrostomy tubes, and jejunostomy tubes. They are primarily used for patients with neurological disorders like Parkinson's disease or amyotrophic lateral sclerosis, cancer, gastrointestinal disorders, and trauma. Feedings tubes can help improve nutritional status, aid recovery, reduce risk of aspiration, and enhance quality of life.

The global feeding tubes market was valued at US$ 6.34 billion in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

The global feeding tubes market is witnessing high growth owing to rising geriatric population globally. As per the United Nations Population Fund (UNFPA), the number of people aged 60 years and above is projected to reach nearly 1.4 billion by 2030 and 2.1 billion by 2050. Aging causes physiological changes like weakened swallowing reflex which increases the risk of choking or aspiration pneumonia in older adults. Feeding tubes help provide nutrition safely in such cases. Moreover, growing prevalence of chronic diseases like cancer, gastrointestinal disorders, and neurological conditions is also fueling the demand for feeding tubes as patients undergoing therapy or treatment may require enteral nutrition support. As these conditions have no permanent cure, long-term prevalence leads to higher usage of feeding tubes over time. According to the Centers for Disease Control and Prevention (CDC), chronic diseases affect around 133 million Americans annually.

SWOT Analysis

Strength: Feeding tubes allow for proper nutrition and hydration when oral intake is not possible. They can deliver formula, liquids, medications directly to the stomach or small intestines through a small, flexible tube. The procedure for tube insertion is minimally invasive and relatively safe.

Weakness: Feeding tubes may cause discomfort, infections, or tube dislodging if not properly cared for. They require ongoing maintenance and emptying of stomach contents which can be unpleasant for patients. Some patients resist being dependent on tubes for sustenance and prefer to regain oral feeding abilities if possible.

Opportunity: Growing geriatric population worldwide suffering from dysphagia, stroke, dementia leads to higher gastrointestinal/nutritional support needs. Advances in low-profile tube designs and insertion techniques expand potential patient population.

Threats: Preference for alternative nutrition support methods like IV feeding in critical patients poses threat. Social stigma around prolonged tube feeding of patients impacts demand. Reimbursement challenges and high procedure costs in some regions also limit market growth.


Key Takeaways

The Global Feeding Tubes Market Size is expected to witness high growth. The global feeding tubes market was valued at US$ 6.34 billion in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
Regional Analysis related content comprises The Asia Pacific region dominates the global feeding tubes market currently and is expected to witness the fastest growth during the forecast period. Factors such as growing geriatric population, increasing incidence of chronic diseases like cancer, and improving healthcare infrastructure drive market revenues.

Key Players related content comprises Key players operating in the global Feeding Tubes market are Boston Scientific Corporation, B. Braun Melsungen AG, C. R. Bard (BD), Cardinal Health Inc., CONMED Corporation, Fresenius Kabi AG, Medtronic, Nestle Health Science, and Vygon SA.

Objectives of the Report:
1) Investigate and forecast the value and volume of the Global Feeding Tubes Market.
2) Estimate market shares for major UAE Dark Kitchens And Ghost Kitchens segments.
3) To demonstrate how the market for UAE Dark Kitchens And Ghost Kitchens is evolving in various parts of the world.
4) Research and analyze micro markets in terms of their contributions to the Global Feeding Tubes Market, as well as their prospects and individual growth patterns.

5) To provide precise and useful information on the factors influencing the rise of UAE Dark Kitchens And Ghost Kitchens.

6) To provide an in-depth analysis of key business strategies used by major companies in the Global Feeding Tubes Market, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.

FAQ’s
Q.1 What are the main factors influencing the Global Feeding Tubes Market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Feeding Tubes Market’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?

Get more insights on this topic: 
https://www.pressreleasebulletin.com/global-feeding-tubes-market-demand-and-forecast-analysis/

Comments

Post a Comment

Popular posts from this blog

The Plastic Crates Market Is Estimated To Witness High Growth

Market Overview: Plastic crates are box-shaped containers made from thermoplastic materials such as polyethylene or polypropylene. They are widely used for packaging, transportation, and storage of various goods across industries such as food & beverages, pharmaceuticals, chemicals, automotive, and agriculture. Plastic crates provide advantages over traditional wooden crates as they are durable, lightweight, cost-effective and require low maintenance. The plastic crates market was valued at US$ 3.78 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI. Market Dynamics: The increasing preference for plastic crates over conventional wooden crates due to their lightweight and durable nature is driving market growth. Plastic crates cause less damage during transportation and require minimal effort for handling. They can withstand adverse weather conditions and repetitive use better than wood...
Read more

Optical Instrument And Lens Market Poised To Garner High Revenues Through Surging Demand For Eye Examinations

The global optical instruments and lens market include a wide range of instruments used to examine eyes and correct refractive errors such as myopia, hyperopia, and astigmatism. Products associated with this market include cameras, binoculars, microscopes, telescopes and lenses. Optical instruments help detect eye disorders such as cataracts, glaucoma and retinal issues early on. The increasing prevalence of eye diseases owing to rising pollution levels and growing geriatric population is driving demand for optical instruments. The global optical instrument and lens market was valued at US$ 29.8 billion in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI. Market Opportunity: The growing number of eye examinations and surge in eye care awareness campaigns worldwide presents a huge opportunity for players in the optical instruments and lens market. Several governments and eye care organizations a...
Read more