Nasogastric Tubes Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Nasogastric Tubes Market Outlook - 2027

Proper nutritional uptake plays a pivotal in well-being and maintaining an optimal level of health along with prevention of various health conditions and diseases. The nasogastric (NG) tubes are commonly used for providing enteral nutrition and medications for infants, adults and elderly patients as well who have trouble consuming and swallowing food and medicine. Preterm born infants and sick babies face restrictions in supply of essential nutrients and calories. The nasogastric tubes ensure the delivery of essential nutritional elements as well as medications in these situations. The NG tube that is directed through the nasal cavity and bypasses the nasopharynx and esophagus to reach the stomach. It is generally composed of rubber or plastic and is attributed with flexibility and bidirectional potential. It also utilized in removal of unwanted contents present in the stomach, deplete gastric substances, decompress the stomach, or in removal of harmful semi-solids and fluid, such as poison, from the stomach. The NG tube provides a passage to GI tract which aids in the treatment of bowel reconstruction and gastric immobility.

COVID – 19 scenario analysis: 

• The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
• Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
• Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2
• Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
• Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to enteral nutrition has been reduced and this segment have to face negligence subsequently causing negative impact on nasogastric tubes market

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The prime factors driving the growth of nasogastric tubes market include increasing number of preterm births and rising demand for enteral nutrition. Premature born infants have scarce supply of essential nutrients and calories for sustaining metabolic activities; as a result, it becomes increasingly important to provide them with sufficient levels of nutritional intake and maintain energy levels. Thus, the nasogastric tubes offer proper nourishment to premature born infants which will surge the demand for these tubes in the market having a positive impact on the industry growth in coming years.

Exponentially rising geriatric population coupled with growing prevalence of chronic ailments including diabetes, cancer, cardiovascular diseases, respiratory and gastrointestinal diseases resulting into increase of patient pools are the key factors driving the growth of nasogastric tubes market. The growing incidences of hospitalization among both pediatric and elderly populace will offer lucrative avenues for the business growth as nasogastric tubes are increasingly required in hospitals for facilitating enteral feeding, providing medicinal support and gastric decompression. Additionally, changing trends pertaining shift to enteral from parenteral feeding and rising consciousness among populace regarding enteral feeding will foster the industry growth in the near future.

However, restrains including occurrence of skin irritation and infections due to nasogastric procedures caused by improper sterilization, tube dislocation can impede the market growth. Furthermore, high intensity of suction of these tubes during removal of gastric wastes can potentially damage gastric mucosa and result into bleeding would be another hampering factor for the nasogastric tubes market.

Increasing incidences of premature births to amplify the market growth

The ever rising high birth rate in developing and developed countries, rising prevalence of premature births will surge the demand for nasogastric tubes in the market. As per the UNICEF (United Nations International Children's Emergency Fund) studies, it was seen that approximately 2.5 million children died in 2017, in the first month after their birth. WHO data reveal that one premature birth take place every 10 babies born globally, accounting for around 15 million pre-mature births occur globally. Premature born babies are prone to problems including simultaneous ventilation, oral aversion and neurological disorders like cerebral palsy limiting the food consumption would aid in the development of the nasogastric tubes market.   

Rise in geriatric population and life expectancy to fuel the growth

Rising geriatric population, increasing incidences of various diseases owing to rising age creating a patient pool and demand for nutritional support are the factors contributing to the market growth.

The rising birthrate, advancements in the medical field and reduction in the cost of treatments along with use of various multi-faceted therapies against number of chronic diseases has increased the life expectancy has led to the global population is aging rapidly. As per the report, ‘World Ageing Population, 2019’ the older population, i.e., people belonging to age group 65 and above accounted for approximately 702.9 million cases of GI disorders all around the world and it is expected to hit 1500 million mark. The UN statistics also highlight the growth of elderly population aged 60 years and above is projected to reach 2.0 billion by 2050 from current figures that is 960 million in 2017. Therefore, increasing geriatric population would contribute to rise in the market for nasogastric tubes.

Key benefits of the report:

• This study presents the analytical depiction of the global nasogastric tubes industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global nasogastric tubes market share.
• The current market is quantitatively analysed to highlight the nasogastric tubes market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global nasogastric tubes market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Nasogastric tubes market research report:

• What are the leading market players active in the nasogastric tubes market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Nasogastric Tubes Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights