What is Global Medical Nasoenteric Feeding Tube Market?
The Global Medical Nasoenteric Feeding Tube Market is a specialized sector within the broader medical device industry. It focuses on the production and distribution of nasoenteric feeding tubes, which are used to provide nutrition to patients who are unable to eat by mouth. These tubes are inserted through the nose and into the stomach or small intestine, allowing for the direct delivery of nutrients. The market is driven by a variety of factors, including the increasing prevalence of chronic diseases, advancements in tube technology, and the growing elderly population. As of 2023, the market was valued at US$ 438 million, and it is projected to reach US$ 643.4 million by 2030, demonstrating a compound annual growth rate (CAGR) of 5.6%.
Hospitals, Home Care in the Global Medical Nasoenteric Feeding Tube Market:
The Global Medical Nasoenteric Feeding Tube Market is not limited to hospitals and clinics. It also extends to home care settings, where patients may require long-term tube feeding. In hospitals, these tubes are often used in intensive care units, surgical wards, and other departments where patients may be unable to eat due to illness or injury. They are also used in home care settings for patients who require long-term nutritional support. This could include individuals with chronic illnesses, the elderly, or those recovering from surgery. The market's expansion into home care is driven by the increasing demand for home healthcare services and the growing acceptance of home tube feeding as a viable alternative to hospitalization.
Oncology, Gastroenterology, Neurology, Diabetes, Other in the Global Medical Nasoenteric Feeding Tube Market:
The Global Medical Nasoenteric Feeding Tube Market also has a wide range of applications in various medical specialties. In oncology, these tubes are used to provide nutrition to cancer patients who may have difficulty eating due to the side effects of chemotherapy or radiation therapy. In gastroenterology, they are used for patients with digestive disorders that prevent normal food intake. Neurology patients with conditions like stroke or Parkinson's disease that affect their ability to swallow may also require tube feeding. Additionally, these tubes are used in the management of diabetes and other conditions that require careful dietary control.
Global Medical Nasoenteric Feeding Tube Market Outlook:
In 2023, the Global Medical Nasoenteric Feeding Tube Market was valued at US$ 438 million. It is projected to grow at a CAGR of 5.6% and reach a value of US$ 643.4 million by 2030. This growth is part of a larger trend in the global medical device market, which was estimated to be worth US$ 603 billion in 2023 and is expected to grow at a CAGR of 5% over the next six years. The growth of the nasoenteric feeding tube market is driven by factors such as the increasing prevalence of chronic diseases, advancements in tube technology, and the growing elderly population.
| Report Metric | Details |
| Report Name | Medical Nasoenteric Feeding Tube Market |
| Accounted market size in 2023 | US$ 438 million |
| Forecasted market size in 2030 | US$ 643.4 million |
| CAGR | 5.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Fresenius Kabi, Cardinal Health, Avanos Medical, Medline, Applied Medical Technology, Moog, B. Braun, Cook Medical, Boston Scientific, BD, ConMed, Alcor Scientific, Vygon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
