Report : North America Gastric Buttons Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Products and Accessories), Application (Children and Adults), Usage (Enteral Nutrition, Medications, Fluids, and Others), and End User (Hospitals, Clinics, and Others)
At 7.7% CAGR, the North America Gastric Buttons Market is speculated to be worth US$ 289.97 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America gastric buttons market was valued at US$ 185.78 million in 2022 and is expected to reach US$ 289.97 million by 2028, registering a CAGR of 7.7% from 2022 to 2028. Increasing prevalence of cancer, neurological disorders, diabetes, and gastrointestinal diseases and rising geriatric population are the critical factors attributed to the North America gastric buttons market expansion.
The geriatric population has been rising significantly worldwide. The rise in geriatric population in developed countries, such as the US, Canada, and developing countries. According to the data presented by the World Health Organization (WHO) in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. In addition, according to the US Census Bureau, the number of people in the US with age 65 and above is anticipated to grow from 46 million in 2016 to more than 98 million by 2060; their population share would increase from ~15% to ~24% during this period. Moreover, underdeveloped and developing countries would account for ~80% of this growth.
Various physiological, physical, and cognitive changes in the human body are marked by aging. Prolonged chronic disorders such as type II diabetes, atherosclerosis, and coronary heart disease may result in the difficulty in swallowing among the elderly. By using enteral nutrition, the nutritional requirement can be attained in such patients, thereby driving the gastric buttons market.
On the contrary, complications associated with gastric buttons hurdles the growth of North America gastric buttons market.
Based on offerings, the North America gastric buttons market is bifurcated into products and accessories. The products segment held 62.8% market share in 2022, amassing US$ 116.61 million. It is projected to garner US$ 186.81 million by 2028 to expand at 8.2% CAGR during 2022–2028. Further, accessories are segmented into button feeding sets, button decompression sets, and others.
Based on application, the North America gastric buttons market is bifurcated into children and adults. The children molding segment held 65.1% market share in 2022, amassing US$ 120.91 million. It is projected to garner US$ 194.41 million by 2028 to expand at 8.2% CAGR during 2022–2028.
Based on usage, the North America gastric buttons market is categorized into enteral nutrition, medications, fluids, and others. The enteral nutrition molding segment held 42.3% market share in 2022, amassing US$ 78.68 million. It is projected to garner US$ 127.35 million by 2028 to expand at 8.4% CAGR during 2022–2028.
Based on end user, the North America gastric buttons market is categorized into hospitals, clinics, and others. The hospitals molding segment held 50.8% market share in 2022, amassing US$ 94.31 million. It is projected to garner US$ 152.98 million by 2028 to expand at 8.4% CAGR during 2022–2028.
Based on country, the North America gastric buttons market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 66.5% market share in 2022. It was assessed at US$ 123.45 million in 2022 and is likely to hit US$ 196.45 million by 2028, exhibiting a CAGR of 8.1% during the forecast period.
Key players dominating the North America gastric buttons market are Avanos Medical Inc., Boston Scientific Corp, QMD, Shin-Etsu Polymer Europe BV, Applied Medical Technology Inc., Vygon (UK) Ltd, and Fresenius Kabi AG among others.
- In March 2021, Launch of micro-G-JET, a Low-Profile Pediatric G-J Enteral Feeding Tube.
- In Dec 2020, Expansion in Dominican Republic – Production site in Haina enlarged by additional warehouse.
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