What is Nasogastric Tube Market?
A nasogastric tube is a type of tube that passes through the nose and through the nasopharynx and into the esophagus. Abbreviation NG Tube. It is a flexible hose made of rubber or plastic and has bidirectional potential. It can be used to remove gastric contents, including air, to decompress the stomach, or to remove small solid objects and liquids such as poison. An NG tube can also be used to deliver supplements to the stomach, and therefore can be used to deliver nutrients directly to the stomach. The nasogastric tube (NGT) market will experience significant growth in the coming years due to a growing number of premature babies and enteral nutrition for the resulting demand.
The market study is being classified by Type (Levin Tube, Sengstaken-Blakemore Tube and Others), by Application (Hospitals, Clinics and Others) and major geographies with country level break-up.
Andersen Products, Inc. (United States), C.R. Bard Medical (United States), Bicakcilar A.S. (Turkey), Cardinal Health (United States), Degania Silicone Ltd. (Israel), Guangdong Baihe Medical Technology (China), Pacific Hospital Supply Co. Ltd. (Taiwan), Poly Medicure Limited (India) and Rontis Medical (Switzerland) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asia Pacific Players will contribute to the maximum growth of Global Nasogastric Tube market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Nasogastric Tube market by Type, Application and Region.
On the basis of geography, the market of Nasogastric Tube has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase in the Number of Hospitalized Pediatric Patients
- Swelling Prevalence of Pediatric Disorders
- A Rise in Hospital Admission of Pediatric Patients
Market Trend
- Bidirectional Potential and Adaptable Nature of Nasogastric Tube
- Increasing Chronic Disease Rates, Rise in the Number of Preterm Births, and Expanding Geriatric Population Base
Restraints
- Side Effects Such As Skin Irritation, Tube Dislocation, Tube Perforation, Gagging, and Retching
Opportunities
- Availability of Exceptionally Sophisticated Healthcare Facilities
- High Healthcare Outlay, And Increasing Patient Awareness
- Increasing Research and Development and the Implementation of Promising Healthcare Policies
Challenges
- Developmental Delays in the Product
Key Target Audience
Manufacturers of Nasogastric Tube, Suppliers and Distributors of Nasogastric Tube, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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