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The Global Nasogastric tube (NGT) Market was valued at USD 2.55 billion in 2018 and is expected to reach USD 4.07 billion by year 2026, at a CAGR of 6.1%. Nasogastric tube (NGT) Market has driven Factors such as rising healthcare costs, the surge in the number of preterm births, growth in the aging population, rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal, neurological disorders also growing awareness of enteral nutrition, and rapid improvements in healthcare facilities in emerging countries. Enteral tube feeding is the feeding of nutrients directly into the digestive tract through a tube that is usually placed into the stomach. It is placed via the nose, mouth, or the direct percutaneous route.
In 2018, an estimated 1,735,350 new cases of cancer were diagnosed in the United States. Cancer has an impact on society, not only in the United States but across the world. Nasogastric tube (NGT) helps in making life of cancer patient easy. Apart from cancer, a globally increase in the number of patients suffering from gastroenterology also recorded. Enteral feeding is usually the preferred method over parenteral nutrition in patients with a functional gastrointestinal system due to the associated risks of the intravenous route, higher cost, such a factor helps in the growth of Nasogastric tube (NGT) market. Rising aged population across the world, according to the World Health Organization (WHO), from 2015 to 2050, population aging 60 and above is expected to reach 22% of the total global population, which will give rise to chronic diseases such as cancer. Global aging of the population is expected to contribute significant demand for Nasogastric tube (NGT). An increasing number of patient entry under the critical care unit is also expected to growth Nasogastric tube (NGT) market.
The rapid adoption of AI, ML, and IoT and robust data management processes has made the hospitals and clinical settings smarter. New technologies and solutions have improved the normal medical processes such as clinical diagnosis, treatment, diseases management, and monitoring patient recovery after discharge. Rapid digitalization and increasing adoption of virtual care and telemedicine is further expected to positively impact the revenue growth of the market going ahead.
Emergence of new healthcare and telemedicine startups, increasing number of collaborations among healthcare facilities and research institutions, and rising focus on patient engagement solutions has further fueled revenue growth of the market. Key companies are forming strategic alliances and collaborative ventures such as mergers and acquisitions, joint ventures, partnerships, manufacturing and licensing agreements, and product launches among others.
Leading Players Analyzed in the Report:
Kimberly-Clark Corporation; Abbott Nutrition, Boston Scientific Corporation, ConMed Corporation, Moog Inc., C.R.Bard, Danone, Cook Medical, Amsino International Inc.
Furthermore, to offer a better understanding of the competitive landscape, an extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.
The report further discusses in detail the regional spread of the global Nasogastric tube (NGT) market along with analysis of production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.
Key Regions Studied in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Segmentation based on Types:
By Type (Revenue, USD Million; 2016–2026)
- Enteral Feeding Pumps
- Enteral Feeding Tubes
- Administration Reservoirs
- Enteral Syringes
- Giving Sets
- Consumables
By Age Group (Revenue, USD Million; 2016–2026)
- Adult
- Pediatrics
By Application (Revenue, USD Million; 2016–2026)
- Oncology
- Gastroenterology
- Neurological Disorders
- Diabetes
- Hypermetabolism
- Other Applications
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