Increasing Prevalence of Chronic Disease and Medical Condition Fuels the Market Growth
However, according to a WHO report from 2023, it states that more than one in ten babies borns preterm, with an estimated rate of 13 million preterm births annually, due to which many market players are launching feeding tubes equipped with state-of-the-art technology. As a result, many market players are introducing feeding tubes with cutting-edge technology. For instance, in August 2023, Cardinal Health announced to launch next generation NTrainer System 2 device designed to help premature and new-born infants providing the oral coordination skills for the transition to faster feeding, helping to reduce neonatal intensive care unit stay with real-time assessment technology, providing clinicians with the objective data to track the progress of an infant in developing pre-feeding skills, while giving parents confidence in their infants' progress and potential to thrive after discharge.
Growing Research and Development Drives the Market Growth
Furthermore, the trend towards improved feeding tube insertion techniques is driving increased demand for more precise imaging technology. As advancements make feeding tube procedures less invasive, results in the growing need for innovative techniques that enhance accuracy and patient comfort, due to which many market players are developing new insertion methods, such as endoscopic-assisted placements, which significantly reduce patient discomfort and recovery time by avoiding more invasive surgical procedures. For instance, in March 2024, CoapTech, Inc.'s announced the launch of second-generation magnetic balloon catheter in collaboration with The LaunchPort. This advanced catheter is a crucial component of the PUMA-G System, facilitating precise ultrasound-guided placement of gastrostomy tubes. These permanent feeding tubes are essential for patient nourishment and recovery. The magnetic balloon catheter shortens recovery times and enhances patient outcomes by increasing tube placement accuracy while reducing invasiveness of the procedure. This advancement highlights the continued trend of less invasive and more effective feeding tube technologies, demonstrating the industry's dedication to improving patient care via sophisticated imaging and insertion methods.
Recent Trends in the Feeding Tubes Industry:
- Introduction of smart feeding tubes equipped with sensors and connectivity features
- Growing trend towards minimally invasive insertion techniques, such as endoscopic-guided placements
- Innovations include softer, flexible tubes and coatings to prevent microbial grow and improve durability.
- 24/7 Support services helplines, online resources, and in-home support services.
- Increasing the demand for home-based healthcare due to easy managing outside of hospital setting.
Explore Our Breakthrough Market Segmentation and Personalize it to Meet Your Business Needs…!
High Technology Expanse and Health Risk Complications Impacts Market Growth
As there is often reluctance from both patients and healthcare providers to use feeding tubes. Concerns about the invasiveness of the procedure, potential discomfort, and the impact on the patient’s quality of life can influence decision-making, resulting in lower adoption rates and slower market growth. For instance, in January 2024, FDA announced product recall for Avanos Medical MIC Gastric-Jejunal Feeding Tube and MIC Gastric-Jejunal Feeding Tube with ENFit Connectors for gastric decompression and jejunal feeding, due to response to Nurse Assist recall of 0.9% sodium chloride irrigation USP and sterile water for irrigation USP, over sterility concerns as these kits include the recalled Nurse Assist supplied syringes pre-filled with sterile water, as any open wound exposed to non-sterile products could potentially put the patient at risk of infection.
However, the financial burden associated with feeding tubes and their maintenance is another significant restraint, cost including not only the initial purchasing but also related to insertion procedures, regular replacements, and ongoing care. In low-income countries and limited healthcare funding without comprehensive insurance coverage, these costs can be prohibitive, limit the accessibility and affordability of feeding tubes, and hampering market growth.
Advancement in Material Technology Integrated Sensor Accelerates the Market Growth
However, advances related to smart feeding tubes with embedded sensors for monitoring and data collection are emerging, providing real-time feedback on tube placement and function and enhancing the safety and ease of maintaining feeding tubes. These products help prevent common issues such as tube dislodgement and clogging. In February 2024, VYGON announced an addition to its product line, designed to enhance feeding tube technology. The new equipment supports blended diets and thicker feeds, catering to diverse patient needs. It features a user-friendly screen for pump management and includes multiple nutrition modes, ensuring tailored feeding solutions. Additionally, the device is equipped with audible alarms to alert users to potential issues, improving safety and efficiency. This innovation marks a significant step in making blended diets more accessible and manageable, demonstrating commitment to advancing patient care and technology in the feeding tube market.
Know Your Competitors and Strengthen Market Share Effectively
Increasing Focus on Patient Centric Care Expands the Market Growth
The market for feeding tubes is bolstered in Europe by a firmly established healthcare system and an increasing number of elderly people who need enteral nutrition. The market is growing significantly due to the efforts of countries such as Germany, France, and the UK, as well as improvements in medical technology and raised awareness. The region's focus on patient-centred solutions and high-quality healthcare facilitates market expansion. Notwithstanding, there exist certain obstacles such as disparities in healthcare policies and reimbursement methodologies among nations, which may impact market viability and expansion. Furthermore, a positive market trajectory is maintained by Europe's emphasis on enhancing healthcare outcomes and feeding tube technological advancements.
Additionally, as a result of growing awareness of nutritional support, rising healthcare costs, and improvements in medical infrastructure, the feeding tube market is growing quickly in the Asia-Pacific region. China, India, and Japan are leading the market expansion due to their high rates of chronic disease patients and expanding senior citizen populations. The growth is attributed to both rising medical device spending and technological advancements in healthcare. However, challenges such as varying degrees of access to healthcare, regulations, and national economic disparities could make market expansion difficult.
However, the rising incidence of chronic illnesses incidence and increased requirement for enteral nutrition is driving the feeding tube market in Latin America. Additionally, the developments in healthcare infrastructure, investments, and nutritional support awareness are significantly expanding the market in nations such as Brazil and Mexico.
Furthermore, in the Middle East, the feeding tube market is experiencing growth, due to the increasing expanding of the patient population and rising health awareness. In regions, such as Saudi Arabia, the United Arab Emirates (UAE), and Turkey, are leading this growth because of advanced healthcare facilities and government initiatives aimed at improving healthcare outcomes and the prevalence of long-term nutritional support conditions such as cancers, neurological disorders, and gastrointestinal diseases.
Searching for a Country or Region-Specific Report?
Unlock industry complexities with reports crafted for selected countries and regions at Reduced Cost
Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Ireland, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Israel, Iran, Kenya, Nigeria, Rest of MEA |
Feeding Tubes Market Research Report Covers In-depth Analysis on:
- Feeding tubes market detailed segments and segment-wise market breakdown
- Feeding tubes market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in feeding tubes industry)
- Current, historical, and forthcoming 10 years market valuation in terms of feeding tubes market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Feeding tubes market demand analysis
- Feeding tubes market pricing analysis over forecast period (by key segment and by region)
- Feeding tubes market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in feeding tubes market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in feeding tubes market
- Feeding tubes market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on feeding tubes market forecast by countries
- Mergers and acquisitions in feeding tubes market
- Essential information to enhance market position
- Robust research methodology