Dysphagia Management Market Growth Is Attributed To The Increasing Demand For Feeding Tubes

According to Precision Business Insights (PBI), the latest report, the dysphagia management market is expected to be worth USD 820.2 million in 2022, growing at a 12.9% CAGR from 2022 to 2028. The worldwide dysphagia management market is expected to develop due to an increase in the senior population. According to the United States Census Bureau, in the United States, the geriatric population is predicted to reach 77 million by 2035. Furthermore, the growing number of people addicted to smoking is likely to help the industry grow. According to the World Health Organization, 1.336 billion people globally smoked tobacco in 2018. The increasing prevalence of specialized clinics and retail pharmacies in the market is predicted to drive the demand for dysphagia management in medical facilities and healthcare services.

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Feeding Tubes Segment to Dominate the Dysphagia Management Market:
The feeding tubes segment is expected to account for a larger revenue share in the global dysphagia management market, with a value share of x% worldwide. It is projected to grow at a x% CAGR between 2022 and 2028. The segment's expansion can be attributed to the rising occurrence of neurological illnesses, which has switched the attention toward tubes, which are less invasive and less hazardous to patients than other devices. Furthermore, tubes have shown to be perfect devices for meeting the requirement for regulating and managing proper food intake, which is difficult to achieve with other devices, hence propelling the worldwide enteral feeding devices market forward.

Asia Pacific Dysphagia Management Market:
The Asia Pacific market is expected to hold a significant market share in the global dysphagia management market over the forecast period. It is projected to grow at a CAGR of 13.2% in the coming years. Due to the increasing number of pediatric populations in developing countries and the growing number of medical clinics and retail medicine shops, Asia Pacific is expected to dominate the dysphagia management market over the forecast period. As per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Asia-Pacific is home to even more than 60% of the world's young people, translating to more than 750 million young men and women aged between 15 to 24.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global dysphagia management market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, For instance, in July 2020, Ingredion Incorporated acquired PureCircle Limited in order to strengthen its product portfolio.

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The dysphagia management market is segmented based on product type, indication, distribution channel, and geography.
Based on the product type, the market is segmented into the following:
• Drugs
• Feeding Tubes
• Nutritional Solutions

Based on the indication, the market is segmented into the following:
• Oropharyngeal Dysphagia
• Esophageal Dysphagia
• Others

Based on the distribution channel, the market is segmented into the following:
• Hospital Pharmacies
• Retail Pharmacies
• Drug Stores
• Speciality Clinics
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the dysphagia management market report are Eisai Co. Ltd., Becton, Dickinson and Company (BD), AstraZeneca Plc., Cipla Limited, Nestlé (Nestlé Health Science), Kent Corporation, Danon, and Cook Group.

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This release was published on openPR.