As per the report published by Allied Market Research, titled, ” Feeding Tubes Market: Global Opportunity Analysis and Industry Forecast, 2021โ2030″ A feeding tube is a medical device that helps provide nutrition to patients who cannot receive nutrition by mouth, require nutritional supplements, or are unable to swallow food properly and safely. Feeding through a feeding tube is known as gavage, tube feeding or enteral feeding.
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The placement of such tubes can be lifelong in the case of chronic disability and temporary for the treatment of acute conditions. Generally, feeding tubes are made using silicone or polyurethane. The diameter of these tubes is measured using French units where each French unit is equal to 1/3 mm. The oncology segment of the feeding tube market is expected to grow during the forecast period due to the increase in the incidence of various types of cancer such as head and neck cancer, lung cancer, and gastrointestinal cancer, as feeding tubes are often used for feeding. Nutrition for cancer patients undergoing chemotherapy.
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COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
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Asia-Pacific feeding tubes market is anticipated to grow at a favorable rate. This can be attributed to the increasing number of preterm births, growing awareness of enteral nutrition, and the development of healthcare facilities in the region.
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โข This study presents the analytical depiction of the feeding tubes industry along with the current trends and future estimations to determine the imminent investment pockets.
โข The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
โข The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario.
โข Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
โข The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
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Key market Players:
The major players analyzed include ALCOR Scientific, Amsino International Inc., Applied Medical Technology, Inc., Baxter International Inc., Braun Melsungen AG, Cardinal Health, Degania Silicone Ltd., and Fresenius Kabi AG
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