Nasogastric Tube Market to gain US$ 473.9 Million by 2024 | CAGR 6.4%
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 constant CAGR of 6.4%.
The Global Nasogastric Tube Market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2018 to 2024. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2018 to 2024.
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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the Global Nasogastric Tube Market.
The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.
The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East amp; Africa (GCC, South Africa, and Rest of Middle East amp; Africa).
What is the market size in 2018 and the growth rate of the Global Nasogastric Tube Market?
What is the market drivers, restrains, opportunities governing the Global Nasogastric Tube Market?
Which are the largest and the fastest growing segments in the Global Nasogastric Tube Market?
Who are the key players operating in the market and their market position?
What is the pipeline scenario, drug pricing analysis and technological development in the market?
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Factors driving the growth of the market are; growing demand from nutritional support to children and adult patients and increasing number of hospitalized pediatric and geriatric patients. Moreover, increasing number of premature baby births and growing number of neck and facial surgeries is further propelling the market growth.
The years used for the assessment are as follows;
Historical year: 2014, 2015, and 2016
Base year: 2017
Forecast period: 2018 ndash; 2024
The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total nasogastric tube market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global nasogastric tube market
Finalizing the overall size and share of the global nasogastric tube market
To analyze market trends, opportunities, drivers, and restraints associated with the nasogastric tube market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the nasogastric tube market and provide their competitive landscape
The research scope for nasogastric tube market is as follows:
By Product Type
Rest of the World (RoW)
Nutrition plays an important role in maintaining health, as well as in prevention a various diseases. The nasogastric (NG) tubes are used for infant, children, and geriatric patients who are not able to intake medicine or nutrition orally. 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. The tube is inserted through patientrsquo;s nose into the patientrsquo;s stomach. Moreover, the NG tube may be inserted while the patients are in the operating room, ICU or regular hospital ward.
The key 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, growing number of premature baby births and increasing number of neck and facial surgeries is further propelling the market growth.
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.
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.
Table Of Contents
Global Nasogastric Tube Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation amp; Forecast 2024
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Research scope amp; assumptions
1.3. List of data sources
CHAPTER 2. Executive Summary
2.1. Global Nasogastric Tube ndash; Market Snapshot
CHAPTER 3. Industry Analysis
3.1. Market definition
3.2. Market segmentation
3.3. Key findings of the global nasogastric tube market
3.4. Value chain analysis
3.5. Market opportunities amp; trends
3.6. Market dynamics
3.6.1. Market driver analysis
220.127.116.11. Increasing number of premature births
18.104.22.168. Increasing demand for nutritional support to children and adult patients
22.214.171.124. Increasing number of hospitalized pediatric patients
3.6.2. Market restraint analysis
126.96.36.199. Concern regarding side effects such as skin irritation and abdominal cramping
3.6.3. Industry Analysis-Porters five forces of analysis
CHAPTER 4. Competitive Outlook
4.1. Competitive analysis
4.2. Competitive factors
4.3. Strategies adopted
CHAPTER 5. Global Nasogastric Tube Market Size and Forecast (2014 ndash; 2024)
5.1. Global Nasogastric Tube Market, By Product Type (USD Million)
5.1.1. Levin Tube
5.1.2. Sengstaken-Blakemore Tube
5.2. Global Nasogastric Tube Market, By Application (USD Million)
5.2.1. Children Use
5.2.2. Adult Use
5.3. Global Nasogastric Tube Market, By End-use (USD Million)
CHAPTER 6. Global Nasogastric Tube Market Size and Forecast, By Geography (2014-2024)
6.1. North America Nasogastric Tube Market
6.1.1. North America Nasogastric Tube Market, By Product Type (USD Million)
6.1.2. North America Nasogastric Tube Market, By Application (USD Million)
6.1.3. North America Nasogastric Tube Market, By End-use (USD Million)
6.1.4. North America Nasogastric Tube Market, By Country (USD Million)
6.2. Europe Nasogastric Tube Market
6.2.1. Europe Nasogastric Tube Market, By Product Type (USD Million)
6.2.2. Europe Nasogastric Tube Market, By Application (USD Million)
6.2.3. Europe Nasogastric Tube Market, By End-use (USD Million)
6.2.4. Europe Tube Market, By Country (USD Million)
188.8.131.52. Rest of Europe
6.3. Asia-Pacific Nasogastric Tube Market
6.3.1. Asia-Pacific Nasogastric Tube Market, By Product Type (USD Million)
6.3.2. Asia-Pacific Nasogastric Tube Market, By Application (USD Million)
6.3.3. Asia-Pacific Nasogastric Tube Market, By End-use (USD Million)
6.3.4. Asia-Pacific Nasogastric Tube Market, By Country (USD Million)
184.108.40.206. Rest of Asia-Pacific
6.4. Rest of the World (RoW) Nasogastric Tube Market
6.4.1. Rest of the World (RoW) Nasogastric Tube Market, By Product Type (USD Million)
6.4.2. Rest of the World (RoW) Nasogastric Tube Market, By Application (USD Million)
6.4.3. Rest of the World (RoW) Nasogastric Tube Market, By End-use (USD Million)
6.4.4. Rest of the World (ROW) Nasogastric Tube Market, By Region (USD Million)
220.127.116.11. Central and South America
18.104.22.168. Middle East and Africa (MEA)
CHAPTER 7. Key Players and Strategic Developments
7.1. Bard Medical, Inc.
7.1.1. Business Overview
7.1.2. Product and Service Offering
7.1.3. Financial Overview
7.1.4. Strategic Developments
7.2. Cardinal Health, Inc.
7.2.1. Business Overview
7.2.2. Product and Service Offering
7.2.3. Financial Overview
7.2.4. Strategic Developments
7.3. GBUK Enteral Ltd
7.3.1. Business Overview
7.3.2. Product and Service Offering
7.3.3. Financial Overview
7.3.4. Strategic Developments
7.4. B. Braun Melsungen AG
7.4.1. Business Overview
7.4.2. Product and Service Offering
7.4.3. Financial Overview
7.4.4. Strategic Developments
7.5. Bicakcilar AS
7.5.1. Business Overview
7.5.2. Product and Service Offering
7.5.3. Financial Overview
7.5.4. Strategic Developments
7.6. Andersen Products, Inc.
7.6.1. Business Overview
7.6.2. Product and Service Offering
7.6.3. Financial Overview
7.6.4. Strategic Developments
7.7. Guangdong Baihe Medical Technology Co., Ltd.
7.7.1. Business Overview
7.7.2. Product and Service Offering
7.7.3. Financial Overview
7.7.4. Strategic Developments
7.8. Degania Silicone Ltd.
7.8.1. Business Overview
7.8.2. Product and Service Offering
7.8.3. Financial Overview
7.8.4. Strategic Developments
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