PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629208
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1629208
Gastric Buttons Market size was valued at USD 450.90 Million in 2023, expanding at a CAGR of 7.30% from 2024 to 2032.
A gastric button, commonly referred to as a gastrostomy button (G-button), is a compact medical device designed to facilitate direct access to a patient's stomach for the administration of nutrition, hydration, or medication. This device is particularly beneficial for individuals who are unable to ingest food or medication orally and can be utilized for both short-term and long-term care. Unlike conventional gastrostomy tubes, which are longer and may extend outward from the body, the gastric button is a small, low-profile device that rests flush against the skin. It is primarily employed for long-term feeding requirements, offering enhanced comfort and discretion for the patient.
Gastric Buttons Market- Market Dynamics
The growing prevalence of chronic diseases is expected to significantly influence market demand. An increasing number of patients suffering from chronic conditions, including neurological disorders such as stroke, Alzheimer's disease, and cerebral palsy, as well as cancer and gastrointestinal disorders, are unable to consume food orally. This situation is propelling the demand for feeding solutions, such as gastric buttons. Chronic diseases rank among the primary causes of morbidity globally. According to estimates from the National Institutes of Health, the financial burden of chronic diseases is projected to reach USD 47 trillion worldwide by 2030. Additionally, an enhanced emphasis on patient comfort and adherence to treatment regimens may present opportunities for market expansion. However, the potential risks of complications and infections could pose challenges to market growth.
Gastric Buttons Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.30% over the forecast period (2024-2032)
Based on Offering segmentation, Products was predicted to show maximum market share in the year 2023
Based on application segmentation, Children was the leading segment in 2023
Based on Usage segmentation, Enteral Nutrition was the leading segment in 2023
Based on End-User segmentation, Hospitals was the leading segment in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Gastric Buttons Market is segmented on the basis of Offering, Application, Usage, End-User, and Region.
The market is classified into two primary categories based on offerings: Products and Accessories. The Products segment holds a dominant position within the market. The Gastric Buttons Market represents a sector of the medical devices industry dedicated to offering solutions for individuals who need enteral feeding, often due to medical conditions that impair their ability to eat by mouth. Within the Gastric Buttons Market, the Products category is significant, encompassing the essential devices utilized in enteral feeding. These products play a crucial role in administering nutrition, medication, and fluids to those unable to ingest food orally.
The market is categorized into two segments based on application: Children and Adults. The segment for Children is driving market growth. The Gastric Buttons Market, classified by application, caters to the enteral feeding needs of both children and adults facing various medical challenges. This segmentation by application allows for the customization of products to address the unique physiological and lifestyle demands of these demographics. The Gastric Buttons Market for Children represents a vital component of the enteral feeding devices sector, concentrating on the specific requirements of pediatric patients who need long-term nutritional assistance. These devices play a crucial role in managing conditions that hinder normal swallowing or digestion, thereby supporting proper growth and development in children.
The market is categorized into three segments according to usage: Enteral Nutrition, Medication, Fluids, and Others. Enteral Nutrition holds a predominant position within the market. This classification illustrates the diverse applications of gastric buttons in the treatment of multiple health issues. The Gastric Buttons Market is essential to the Enteral Nutrition segment, fulfilling the dietary requirements of patients unable to ingest food orally due to various medical conditions. Gastric buttons, a type of gastrostomy tube intended for long-term feeding, are extensively utilized in both clinical and homecare environments.
The market is segmented into two primary categories according to End-User: Hospitals, Clinics, and Others. Within the hospital sector, the Gastric Buttons Market is crucial for the implementation and utilization of these medical devices. Hospitals lead the market owing to their extensive resources and expertise in addressing various medical conditions that necessitate enteral feeding solutions. They serve as the main institutions for the placement and management of gastric buttons, frequently accommodating both pediatric and adult patients with intricate medical requirements.
Gastric Buttons Market- Geographical Insights
The North American region leads in market expansion, primarily due to the growing elderly demographic and an uptick in surgical procedures. Specifically, the United States and Canada are experiencing a significant rise in their senior populations. It is anticipated that the number of individuals aged 65 and older in the United States will grow from 58 million in 2022 to 82 million by 2050, representing a 47% increase. Furthermore, the proportion of this age group within the overall population is expected to rise from 17% to 23%. Improvements in healthcare and surgical techniques have contributed to a higher volume of surgeries, including those related to gastrointestinal issues and head and neck cancers. Following these surgical interventions, numerous patients require nutritional support, frequently provided through devices such as gastric buttons. Meanwhile, the Asia-Pacific region is emerging as a significant area of growth, fueled by its vast population, heightened awareness of healthcare, and the development of healthcare infrastructure.
The market for gastric buttons is characterized by the presence of medical device manufacturers, healthcare providers, and emerging startups that offer a diverse range of products. These companies are prioritizing the development of advanced gastric buttons that enhance comfort, simplify the insertion process, and minimize complications. Distinctive features such as anti-microbial coatings, superior materials for increased durability, and designs that prioritize patient comfort are essential for standing out in this competitive landscape. Organizations that successfully navigate clinical trials and secure regulatory approvals for their innovative feeding solutions are positioned as market leaders, demonstrating a commitment to safety and effectiveness. To maintain a competitive edge in this evolving and expanding market, companies must emphasize product innovation, adhere to regulatory standards, and pursue strategic collaborations.
On September 6, 2024, Nutricia, a subsidiary of the prominent global food and beverage corporation Danone, revealed the introduction of its reformulated Nutrison core range of tube feeds at the 46th European Society for Parenteral and Enteral Nutrition (ESPEN) Congress on Clinical Nutrition and Metabolism, taking place this week in Milan.
On November 15, 2024, Boston Scientific Corporation officially announced the completion of its acquisition of Axonics, Inc., a medical technology firm dedicated to the development and marketing of innovative devices aimed at addressing urinary and bowel dysfunction.