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The North America feeding tubes market size was USD 478.5 million in 2021. The market is projected to grow from USD 504.3 million in 2022 to USD 890.7 million by 2029, exhibiting a CAGR of 8.5% during the forecast period.
This information is presented by Fortune Business Insights, in its report titled, “North America Feeding Tubes Market Size, Share & COVID-19 Impact Analysis, By Type (Nasogastric Tube, Nasojejunal Feeding Tube, Gastric Tube (G Tube), Jejunostomy Tube (J Tube), and Orogastric Tube), By Age (Adult and Pediatric), By Application (Oncology, Gastroenterology, Diabetes, and Others), By End-user (Hospitals, Specialty Clinics, Homecare, and Others), and Forecast, 2022-2029.”
Increased Rates of ICU Admissions to Augment Demand
Estimates indicate that COVID-19's impact on market expansion in 2020 would be lessened. ICU admissions increased in North America as a result of the admission of more COVID-19 patients. Furthermore, patients in the ICU must receive enteral nourishment, which is typically performed through feeding tubes. The demand for and use of these tubes are rising as a result, which is fueling the market growth.
During this pandemic, there was a noticeable decrease in the use of gastric, orogastric, and other tubes due to the postponement of long-term enteral feeding therapy and the cancellation of enteral feeding appointments in a number of healthcare settings. The North America feeding tubes market growth has also been restrained as a result, which has significantly decreased the demand for aforementioned tubes in the U.S. and Canada.
Applied Medical Technology, Inc. Announces the Launch of AMT ONE Source
The release of mobile application, AMT ONE Source, was announced by Applied Medical Technology, Inc. (AMT). Parents, caregivers, and patients can quickly and easily access instructional materials due to AMT ONE Source! For enteral nutrition and bowel management communities, the app provides current product information as well as entertaining activities.
The AMT ONE Source app includes the following features:
Gradual Shift toward Enteral Feeding Over Parenteral Feeding During the Study Period
Throughout the study period, there was a progressive change away from parenteral feeding and toward enteral feeding. The recommended method of nutritional delivery is enteral feeding. Enteral nutrition has a number of advantages over parenteral nutrition such as less metabolic and septic problems as compared to parenteral nutrient administration. Additionally, feeding via the enteral route supports gut immunity and avoids villous atrophy.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/north-america-feeding-tubes-market-105112
Partnerships among Companies to Secure their Brand Values in the Global Market
Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users.
Notable Industry Development:
List of Key Players Mentioned in the Report:
Further Report Findings
The North America feeding tubes market share was leading in terms of revenue and stood at USD 478.5 million in 2021. Increased preference of key players to introduce products in the U.S. is a key factor driving the growth of the market in the region. They are targeting approvals from the U.S. FDA and other regulatory bodies to gather a customer base in North America. Moreover, higher investments in research and development pertaining to enteral feeding are projected to boost the market growth.
Based on application, the market is classified into oncology, gastroenterology, diabetes, and others. The gastroenterology segment dominated the North America feeding tubes in 2021.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD million) |
Segmentation | By Type, Age, Application, End-user, and Country |
By Type |
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By Age |
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By Application |
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By End-user |
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By Country |
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