What is Global Medical Nasogastric Tubes Market?
The Global Medical Nasogastric Tubes Market is a vast and dynamic sector that plays a crucial role in the healthcare industry. Nasogastric tubes are medical devices used to provide nutrition, medication, and other necessary substances directly to the stomach. They are inserted through the nose and down into the stomach, hence the name. The global market for these tubes was valued at a significant US$ 505 million in 2023. The market is projected to grow exponentially, reaching an estimated value of US$ 714.3 million by 2030. This growth is attributed to the increasing demand for these tubes in various medical procedures and treatments worldwide. The market's expansion is also driven by technological advancements, which have led to the development of more efficient and safer nasogastric tubes.
Hospitals, Home Care in the Global Medical Nasogastric Tubes Market:
The Global Medical Nasogastric Tubes Market is segmented into various sectors, including hospitals and home care. Hospitals are the primary users of nasogastric tubes, as they are essential in various medical procedures. These tubes are used in surgeries, intensive care units, and other departments to provide patients with necessary nutrients and medications. On the other hand, home care usage of nasogaic tubes is also increasing. With advancements in home healthcare services and the growing trend of home-based treatment, the demand for nasogastric tubes in home care settings is on the rise. These tubes are used for patients who require long-term care or those who prefer to receive treatment in the comfort of their homes.
Oncology, Gastroenterology, Neurology, Diabetes, Other in the Global Medical Nasogastric Tubes Market:
The usage of nasogastric tubes is not limited to a single medical field. They are widely used in various areas such as oncology, gastroenterology, neurology, diabetes, and others. In oncology, these tubes are used to provide nutrition to cancer patients who are unable to eat due to the side effects of chemotherapy or the disease itself. In gastroenterology, they are used for patients with digestive disorders. Neurology uses these tubes for patients with neurological conditions that affect their ability to swallow. In diabetes care, they are used to administer insulin and other medications. The versatility of nasogaic tubes makes them an indispensable tool in the medical field.
Global Medical Nasogastric Tubes Market Outlook:
The future of the Global Medical Nasogastric Tubes Market looks promising. In 2023, the market was valued at US$ 505 million. It is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030, reaching an estimated value of US$ 714.3 million. This growth is in line with the overall expansion of the global medical devices market, which was estimated at US$ 603 billion in 2023 and is projected to grow at a CAGR of 5% over the next six years. The increasing demand for medical nasogastric tubes in various healthcare sectors and the ongoing technological advancements in the field are the primary drivers of this growth.
| Report Metric | Details |
| Report Name | Medical Nasogastric Tubes Market |
| Accounted market size in 2023 | US$ 505 million |
| Forecasted market size in 2030 | US$ 714.3 million |
| CAGR | 5.1% |
| 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 |
