NEW YORK, July 26, 2018 (GLOBE NEWSWIRE) -- Global nasogastric tube market was valued at USD 305.8 million in 2017 and is expected to reach USD 473.9 million by 2024, at a CAGR of 6.4%. Factors driving the growth of the market are; growing demand for nutritional support to children and adult patients and increasing number of hospitalized pediatric and geriatric patients. Moreover, increasing number of premature baby births and increasing number of neck and facial surgeries is further propelling the market growth. However, concerns regarding side effects such as skin irritation, abdominal cramping, and tube dislocation may hamper the market growth to some extent.
Nasogastric tubes (NGT) still remain the simple and best way for the gastrointestinal tract access. The NGT placing is one of the most commonly performed procedures in emergency medical cases. NG tube passes through the nose and down the nasopharynx and esophagus into the stomach. The tube can be used to remove the contents of the stomach and deliver the important nutritional and medicinal support to ill patients. Premature and sick babies have a limited supply of energy and nutrients. The NG tubes deliver the nutrients and medicinal support in these emergency cases. Moreover, many critical conditions associated with swallowing disorders such as dementia, amyotrophic lateral sclerosis, neurological diseases, physical obstruction, and stroke require NG tubes to provide nutritional and medicinal support for ill patients.
Global Nasogastric Tubes Market Regional Insight
Geographically, Europe held the largest share of the global market in 2017. The growth in the region is attributed to the increasing number of patients suffering from chronic diseases and small bowel obstruction. Approximately, 10 million NG tubes are used annually in the Europe, of which 1 million tubes are used in the United Kingdom alone. North America held the second largest share of the global market. About 1.2 million NG tubes are placed every year in the U.S., due to increasing number of hospitalized pediatric and geriatric patients. Moreover, adoption of new intubation techniques for nasogastric tubes is further propelling the marker growth in this region.
Browse full research report with TOC on “Global Nasogastric Tube Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-nasogastric-tube-market-report/
To purchase report: sales@energiasmarketresearch.com
Key findings from the report:
- On the basis of end-use, the hospitals segment held the major share of the market in 2017, and is expected to continue its dominance over the forecast period. This is mainly attributed to growing number of patients admitted in hospitals for the treatment of various diseases and increasing number of premature baby births.
- Geographically, Europe held the largest share of the global market in 2017
- Some of the key companies operating in the market include Bard Medical, Inc., Cardinal Health, Inc., GBUK Enteral Ltd, B. Braun Melsungen AG, Bicakcilar AS, Andersen Products, Inc., Guangdong Baihe Medical Technology Co., Ltd., Degania Silicone Ltd., and among others
This report segments global nasogastric tube market by product type, application, end-use, and region.
By Product Type
- Levin Tube
- Sengstaken-Blakemore Tube
- Other
By Application
- Children Use
- Adult Use
By End-use
- Hospitals
- Clinics
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
About Energias Market Research Pvt. Ltd. -
Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.
With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.
Contact:
Mr. Manas Nagi
Business Development Manager
For any queries email us: info@energiasmarketresearch.com
To purchase report: sales@energiasmarketresearch.com
Call us: +1-716-239-4915