Global Nasoenteric Feeding Tube Market Overview:
Nasoenteric Feeding Tube is a tube placed down through the nose into the stomach or bowel. Factors such as a surge in the number of preterm births and rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders are expected to drive the market during the forecast period. Some of the key players profiled in the study are Fresenius Kabi AG (Germany), Halyard Health (United States), Nestle SA (Switzerland), Cook Medical (United States), Danone (France), B.Braun Melsungen AG (Germany), Conmed Corporation (United States), Avanos Medical (United States), Abbott Laboratories (United States), Boston Scientific (United States) and Dynarex Corporation (United States).
On the basis of geography, the market of Nasoenteric Feeding 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Nasoenteric Feeding Tube market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Adult will boost the Nasoenteric Feeding Tube market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Nasoenteric Feeding Tube market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- increase in the Number of Hospitalized Pediatric Patients
- Growth in the Aging Population
- Rising Prevalence of Chronic Diseases such as Diabetes, Cancer, Neurological Disorders, etc
- Growing Demand for Nasoenteric Feeding in the Home Care Sector
- Side Effects such as Skin Irritation, Tube Dislocation, Tube Perforation
- High Growth Opportunities in Emerging
- Rapid Improvements in Healthcare Facilities in Emerging Countries
- Insufficient Reimbursement for Enteral Nutrition
- Dearth of Skilled Professionals
Major Market Developments:
In 2019, Fresenius Kabi completed the expansion of its plant in Aquiraz, Brazil, and increased the facility’s capacity for parental nutrition production by about 30%. The company has invested ~USD 22.4 million (EUR 20 million) for this expansion.
In 2018, Fresenius Kabi invested USD 11 million (EUR 9 million) for the expansion of its production facility in the UK, by undertaking the construction of a new distribution and operations center, scheduled to open in 2019. This expansion has been undertaken to meet the increasing demand from the country’s home care market.
Nasoenteric Feeding Tube Manufacturers, Nasoenteric Feeding Tube Suppliers/Distributors, Raw Material Suppliers, Healthcare Industry, Research Firm and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Nasoenteric Feeding Tube market on the basis of product [Nasogastric Feeding Tubes, Nasojejunal Feeding Tubes and Nasoduodenal Feeding Tubes] , application [Oncology, Gastroenterology, Neurology, Diabetes, Hypermetabolism and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Nasoenteric Feeding Tube market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Nasoenteric Feeding Tube industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Nasoenteric Feeding Tube market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.