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 nasojejunal tube market is expected to grow over time because to the rise in chronic conditions such cancer, cardiovascular problems, and bleeding disorders. Furthermore, it is anticipated that a rise in preterm births and an increase in the geriatric population will fuel the demand for nasojejunal tubes. On the other hand, one of the restraints impeding growth is the emergence of delays and side effects such gagging, skin irritation, tube perforation, tube dislocation, and retching.
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.
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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.
Segments
By Type
- Polyurethane
- Polyvinyl Chloride
- Others
By Application
- Children
- Adults
- Others
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