Global Feeding Tubes Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (undefined)
Global Feeding Tubes Market is Segmented By Product Type (Nasogastric Tubes, Gastrostomy Tubes, Jejunostomy Tubes, Gastrojejunostomy Tubes, Low Profile Tubes), By Age Group (Adults, Pediatrics, Neonates), By Application (Oncology, Gastroenterology, Diabetes, Hypermetabolism, Others (Neurological Disorders and Others)), By Material Type (Polyurethane, Polyvinyl Chloride (PVC), Silicon, Others), By End User (Hospitals, Home Care Settings, Ambulatory Surgical Centers, Nursing Facilities, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.
Global Feeding Tubes Market Trends
Increasing innovations in the Feeding Tubes by the Market Players
- On September 28, 2023, Cardinal Health, an American multinational health care services company, announced the U. launch of its Kangaroo OMNI Enteral Feeding Pump which is designed to help provide enteral feeding patients with more options to meet their personalized needs throughout their enteral feeding journey. Kangaroo OMNI is the first and only attitude-independent enteral feeding system in the U.S. designed to deliver thick, homogenized, and blended formulas. With a compact size for portability, the versatility to feed, flush and hydrate, and transmit a 30-day feeding history, Kangaroo OMNI is one pump to help meet the enteral feeding needs of patients and caregivers—from hospital to home
- In 2022, Vonco Products LLC, a manufacturer of custom medical devices and components, flexible packaging, and contract-manufacture- solutions, announced that EnteraLoc was honored to receive a Highest Achievement award and four additional Gold Achievement awards at the annual Flexible Packaging Awards Ceremony in Bonita Springs, Florida. EnteraLoc is a patented, FDA-approved 510(k) medical fluid device intended for tube-fed enteral patients. It is the first seamless, closed-loop solution that combines nutritious meals with a flexible pouch, leak-proof seal, custom-designed spout, and direct-connect ENFit device in one complete enteral feeding system
Feeding Tubes Market Regional Insights:
- North America is expected to be the largest market for feeding tubes during the forecast period, accounting for over 40.32% of the market share in 2023. The growth of the market in North America is attributed to the high prevalence of chronic diseases, advanced healthcare infrastructure, presence of key players, and favorable reimbursement policies in the region.
- Europe is expected to be the second-largest market for feeding tubes, accounting for over 32.45% of the market share in 2023. The growth of the market in Europe is attributed to the rising geriatric population, increasing incidence of chronic diseases, and investments by market players in the region.
- Asia Pacific is expected to be the fastest-growing market for feeding tubes, with a CAGR of 8.2% during the forecast period. The growth of the market in Asia Pacific is attributed to the expanding patient pool, improving healthcare infrastructure, rising healthcare expenditure, and growing awareness about enteral nutrition in the region.
Figure 1. Global Feeding Tubes Market Share (%), by Region, 2023
