The nasogastric tube and orogastric tube market was valued at US$ 624.6 Mn in 2020 and is expected to reach US$ 841.8 Mn by 2030. Some of the primary participants are B.Braun Melsungen, Brainlab, GE Healthcare, Medtronic, Stryker, Blue Belt Technologies, MAKO, Claron Technology, Karl Storz, Fiagon, Medacta International, Micromar, OrthAlign, Scopis, Zimmer, Olympus Medical Systems, Fujinon Corporation, Hoya Corporation, Given Imaging Ltd and Karl Storz GmbH & Co.KG among others.
The nasogastric tube or the NGT is passed by means of the nose and down through the nasopharynx and throat into the stomach. It is an adaptable tube made of elastic or plastic, and it has bidirectional potential. The insertion of an orogastric tube, helps in gaining access to the stomach and its contents. This enables the viewer to deplete gastric substances, decompress the stomach, obtain a specimen of the gastric substances, or introduce a passage into the GI tract. This enables the viewer to treat gastric immobility and bowel obstruction. In painful scenarios, orogastric tubes can be used to assist in the prevention of vomiting and aspiration, and for the assessment of gastrointestinal bleeding. Similarly, OG tubes can be used for enteral feeding initially.
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Global Nasogastric Tube and Orogastric Tube Market, By Product Type
There has been an increasing demand for global nasogastric tube and orogastric tube market. Pediatric patients who are hospitalized consistently require a nasogastric tube or orogastric tube embedded for the medicinal purpose of controlling enteral feedings and medications, or for gastric decompression.
It can be used to remove the fillings of the stomach or to remove small solid objects and excessive or unwanted liquids, for example, poison, from the stomach. A nasogastric tube can likewise be used to place contents into the stomach. Thus, it can be used to put supplements specifically into the stomach when a patient is unable to eat food or drink from his/her mouth.
Global nasogastric tube and orogastric tube market is forecasted to witness an increase, which can be inferred from the developing geriatric population base, increasing pre-term births, and rising rates of chronic ailments. Likewise, increasing issues in the patients with respect to advanced diagnostic tests for early-stage diseases and cost-effective drugs presents lucrative growth opportunities for the nasogastric tube and orogastric tube industry. Besides, strict controls and accidental dislodgment of tubes (provoking incidental disabilities and deaths) are most likely going to deter the market growth.
Nasogastric Tube and Orogastric Tube Market, By Product Type
On the basis of product type, nasogastric tube, occupied the largest market share in 2017 and is expected to remain the most attractive market. The dominance of nasogastric tube is attributed to the fact that they are used for feeding and administering drugs and other oral agents. These tubes are widely used in the medical industry for the patients undergoing neck or facial surgeries. Rising number of surgeries have therefore led to high demand for these tubes in the global market.
Nasogastric Tube and Orogastric Tube Market, By Region
On the basis of geographical segmentation, the European Market, which represented the biggest share of the market, is set to be worth USD 342.0 million by 2025, owing to rising patient awareness levels, high medical services expenditure, growing geriatric population, and exceptionally advanced healthcare facilities. Moreover, execution of favorable controls and developing R&D for progression in product portfolio will increase the worldwide business development. The Asia Pacific market, with growth imminent from China and India, is a major factor driving the growth of the market. The presence of a high geriatric population in Japan is moreover expected to raise lucrative business opportunities for the global nasogastric tube and orogastric tube market.
Nasogastric Tube and Orogastric Tube Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Nasogastric Tube and Orogastric Tube Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Nasogastric Tube and Orogastric Tube Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Nasogastric Tube and Orogastric Tube market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Nasogastric Tube and Orogastric Tube market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Nasogastric Tube and Orogastric Tube market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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