Industry Background:
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.This growth is primarily driven by increase in the Number of Hospitalized Pediatric Patients, Growth in the Aging Population and Rising Prevalence of Chronic Diseases such as Diabetes, Cancer, Neurological Disorders, etc.
Globally, a noticeable market trend is evident Growing Demand for Nasoenteric Feeding in the Home Care Sector. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- 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
Market Trend
- Growing Demand for Nasoenteric Feeding in the Home Care Sector
Restraints
- Side Effects such as Skin Irritation, Tube Dislocation, Tube Perforation
Opportunities
High Growth Opportunities in Emerging and Rapid Improvements in Healthcare Facilities in Emerging Countries
Challenges
Insufficient Reimbursement for Enteral Nutrition and Dearth of Skilled Professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nasoenteric Feeding Tube Study Sheds Light on
The Nasoenteric Feeding Tube Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Nasoenteric Feeding Tube industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nasoenteric Feeding Tube industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.