"Designing Growth Strategies is in our DNA"
A feeding tube is a medical device used to provide nutrition externally to the patients who are unable to swallow. This state of being fed by the feeding tubes is termed as gavage or enteral feeding. Various medical conditions require enteral feedings such as neonatal conditions including low birth weight or pre-term births, and patients suffering from chronic diseases with longer hospital stays. Placement of these feeding tubes can be temporary for the treatment of acute diseases or permanent in case of chronic diseases.
These feeding tubes are made of polyurethane or silicone which are biocompatible in nature. Recently, in February 2017, Fidmi Medical launched a feeding tube that is easier to insert, user-friendly and cost-effective. According to the World Health Organization (WHO), more than 1 in every 10 babies is born pre-term globally, which is an estimated 15 million pre-term babies born every year. This is expected to have more demand for the feed tubes globally, subsequently driving the growth of the feeding tubes market.
To gain extensive insights into the market, Request for Customization
Rise in the chronic diseases such as diabetes, increasing incidence of gastrointestinal diseases and cancer, the rise in geriatric population, and rise in the incidence of premature birth are some of the major factors driving the demand and subsequent growth of the global feeding tubes market. Development of more disposable and portable feeding tubes will impel the growth of the global feeding tube market during the forecast period of 2019-2026.
However, inadequate reimbursement policies in the developing countries, low-cost competition from small players, and inadvertent dislodgment of tubes are some of the factors restraining the growth of the global feeding tubes market. Additionally, leakage of the gastric content around the feeding tube is also one of the major factor restraining the growth of the global feeding tubes market.
Some of the major companies that are present in the global feeding tubes market are ALCOR Scientific, Amsino International Inc., Applied Medical Technology, Inc., Baxter International Inc., B. Braun Melsungen AG, BD, Cardinal Health, DANONE, Degania Silicone Ltd., Fresenius Kabi AG, HYH, Nestle, Vygon, and others.
· Nasal Tube
· Gastric Tube (Or G-Tube),
· Jejunal (J) Tube.
By End User
· Home Care
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
In 2018, oncology dominated the application segment of the global feeding tubes market due owing to the increasing incidence and prevalence of cancer across the globe and the need for clinical nutrition in such patients.The segment is projected to continue its dominance its market share during the forecast period.
Prevalence of Preterm Births
Pricing Analysis of Key Players in Major Countries/Regions
Recent Industry Developments Such as Partnerships, Mergers, and Acquisitions
The global feeding tubes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are the two largest markets for feeding tubes at present and they are expected to account for a large proportion of the market in the forecast period as well. North America dominated the global market in 2018, owing to higher diabetic patients and an increase in chronic diseases. Asia Pacific region is projected to register comparatively higher CAGR from 2019-2026 due to the increase in the rate of malnutrition population and rise in cancer.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry