The Asia Pacific gastric buttons market is expected to grow from US$ 58.71 million in 2022 to US$ 93.42 million by 2028; it is estimated to register a CAGR of 8.0% during 2022–2028.
Expanding Geriatric Population Bolsters Market Growth
A surge in the geriatric population in developed countries, such as China, India, and South Korea, is driven by the modernization of healthcare facilities and improvements in healthcare services, which has boosted the life expectancy in these 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. The geriatric population in the world is anticipated to reach US$ 1.4 billion, US$ 2.1 billion, and US$ 3.1 billion by 2030, 2050, and 2100, respectively. 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 difficulty in swallowing food, medicines, etc., among the elderly. Nutritional requirements can be met in such patients by using enteral nutrition devices. Thus, the growing geriatric population is a prime factor driving the growth of the gastric buttons market in APAC.
Asia Pacific Gastric Buttons Market Overview
The Asia Pacific gastric buttons market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held the largest market share in 2021, and the market in India is expected to exhibit a significant CAGR in the market during the forecast period. The market growth in these countries is attributed to the increasing prevalence of Alzheimer’s disease, stroke, and oral cancer; a high number of preterm births; and the rising geriatric population. Moreover, expansion and product launch strategies implemented by market players to expand their presence in untapped markets are expected to contribute to the growth of the gastric buttons market in Asia Pacific in the coming years.
Exhibit: Asia Pacific Gastric Buttons Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Gastric Buttons Market Segmentation
The Asia Pacific gastric buttons market is segmented based on offerings, application, usage, end user, and country. Based on offerings, the Asia Pacific gastric buttons market is bifurcated into products and accessories. The products segment held a larger market share in 2022. Further, accessories are segmented into button feeding sets, button decompression sets, and others.
Based on application, the Asia Pacific gastric buttons market is bifurcated into children and adults. The children molding segment held a larger market share in 2022.
Based on usage, the Asia Pacific gastric buttons market is segmented into enteral nutrition, medications, fluids, and others. The enteral nutrition segment held the largest market share in 2022.
Based on end user, the Asia Pacific gastric buttons market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2022
Based on country, the Asia Pacific gastric buttons market is segmented into China, Japan, India, Australia, South Korea, and The Rest of Asia Pacific. China dominated the Asia Pacific gastric buttons market share in 2022.
Avanos Medical Inc., Boston Scientific Corp, QMD, Shin-Etsu Polymer Asia Pacific BV, Vygon (UK) Ltd, and Fresenius Kabi AG are the leading companies operating in the Asia Pacific gastric buttons market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 58.71 Million |
| Market Size by 2028 | US$ 93.42 Million |
| CAGR (2022 - 2028) | 8.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Offerings
|
|
Regions and Countries Covered
|
|
| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
|
The Asia Pacific Gastric Buttons Market is valued at US$ 58.71 Million in 2022, it is projected to reach US$ 93.42 Million by 2028.
As per our report Asia Pacific Gastric Buttons Market, the market size is valued at US$ 58.71 Million in 2022, projecting it to reach US$ 93.42 Million by 2028. This translates to a CAGR of approximately 8.0% during the forecast period.
The Asia Pacific Gastric Buttons Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Gastric Buttons Market report:
The Asia Pacific Gastric Buttons Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Gastric Buttons Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Gastric Buttons Market value chain can benefit from the information contained in a comprehensive market report.
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