Nasojejunal Tube Market Analysis By Type(Polyurethane, Polyvinyl Chloride), By Application(Children, Adults) & Forecast 2023-2032

The global nasojejunal tube market size was valued at USD 400.0 million in 2021 and is projected to reach around USD 500.0 million in 2030 exhibiting a CAGR of 6.5% in the forecasted period. The increase in prevalence of chronic diseases such as cancer, cardiovascular disorders, and bleeding disorders are predicted to drive the nasojejunal tube market over the years. Moreover, increase in the number of preterm births and growth in elderly population base are driving the nasojejunal tube are projected to increase the market growth. On the other hand, developing delays and side effects such as gagging, skin irritation, tube perforation, tube dislocation, and retching is one of the restraining factors hindering the growth.

As per the World Health Organization, a projected 15 million babies are born preterm and the number is increasing. The rate of preterm birth varies from 5% to 18% in 184 nations. As per the World Health Organization, population aged 60 years and more is projected to rise from 900 million in 2015 to 2000 million in 2050.

Moreover, the growing prevalence of chronic diseases across the globe like cancer, diabetes, and gastrointestinal diseases is one of the significant factors propelling this market's overall growth. According to the National Health Council, nearly 133 million people (40% of the total population) in the US suffer from constant and incurable chronic diseases. Nearly 50% of the adults hold a chronic condition, and closely 8% of the children aged between 5 to 17 years have at least any chronic disease or disability.

The COVID-19 pandemic has led to a growth in studies for increasing the efficacy of enteral feeding for ICU (Intensive Care Units) patients. This is as the SARS-CoV-2 population might be at a higher risk owing to the requirement for emergence delirium, long interval of invasive ventilation, and the need for proning. As per one study, the usage of nasojejunal tube bridle kits declines the enclosures that are compulsory for patients and also decreases the number of chest radiographs needed by them. Such results are anticipated to the increase of effective nasojejunal tube feeding apparatus through the pandemic period.

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Type Insights

Based on type, the market is segmented into polyurethane, polyvinyl chloride, and others. The polyurethane segment is expected to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.

Application Insights

On the basis of application, the market is bifurcated into children, adults, and others. The children segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing use of entering tubes for children all over the world.

Region Insights

North America dominates the nasojejunal tube market, owing to the preparation of several regulatory guidelines. For instance, in June 2021, the U.S. FDA delivered references for testing the fitness of oral drug products for enteral feeding tube management. Such growths boost the need for effective nasojejunal tubes given that these could be necessary for the care of sufficient nutrition for numerous reasons such as swallowing difficulty, cancer, severe genetic or attained neurological impairment, and other diseases. Moreover, around 1.2 million tubes are placed each year in the U.S., owing to rising number of hospitalized paediatric and geriatric patients. Furthermore, acceptance of new intubation techniques for nasojejunal tubes.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period due to the increasing prevalence of chronic diseases in the region.

Key Companies Insights

To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global nasojejunal tube market include:

· ATICO Medical

· Regal Sales Agencies

· Mehta Trading Corporation

· Medline

· Fresenius Kabi

· Cook Medical

· B. Braun Melsungen

· Brainlab

· GE Healthcare

· Medtronic

· Stryker

· Blue Belt Technologies

· MAKO

· Claron Technology

· Karl Storz

· Fiagon

· Other players

Some of the Recent Developments:

· In October 2019, Fresenius Kabi completed the expansion of its plant for parenteral nutrition in Brazil, hence growing the volume of parenteral nutrition production broadly by almost 30 percent.

· In April 2018, B. Braun Medical industries opened 5 new manufacturing plants in Malaysia to expand its manufacturing capabilities of medical devices for infusion therapy, surgical instruments, and pharmaceutical solutions.

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Segments

By Type

· Polyurethane

· Polyvinyl Chloride

· Others

By Application

· Children

· Adults

· Others

Global Nasojejunal Tube Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase Nasojejunal Tube Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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