Gastric Button Market Analysis $817.18 Million By 2032, CAGR: 7.5%

Gastric Button Market Size Worth $817.18 Million By 2032 | CAGR: 7.5%


The global gastric button market size is expected to reach USD 817.18 million by 2032, according to a new study by Polaris Market Research. The report Gastric Buttons Market Share, Size, Trends, Industry Analysis Report by Offerings (Products and Accessories), Application; Usage; End User; By Region, Segment Forecast, 2023-2032gives a detailed insight into current market dynamics and provides analysis on future market growth.

Technological advancements in healthcare technology, including improvements in design and functionality, such as antimicrobial coatings and the usage of improved tube materials, can improve patient comfort and outcomes. For instance, in 2023, Fortune Medical launched a silicone gastrostomy that could use an ENFit connector. The purpose of the ENFit connector is to minimize the possibility of misconnection and enable safer feeding for patients.

Additionally, the significant rise in the pediatric population due to premature birth in both developing and developed countries further contributes to the overall market growth. For instance, as per the World Health Organization (WHO), approximately 1 million babies die each year due to complications of premature birth.

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Enteral nutrition is highly recommended for patients with gastrointestinal disease, as these patients cannot consume food orally; therefore, feeding tubes are preferred to provide the required nutrients. As per the United European Gastroenterology Journal published in 2022, there are around 300 million people affected by digestive disease across Europe & Mediterranean regions. Thus, the demand for enteral nutrition has surged significantly over the past few years.

Moreover, cancer diseases further contribute to the growth of the market. As the number of cancer patients increased worldwide, the recommendation for gastric buttons surged significantly. According to the AACR Cancer Progress Report, approximately 18 million cancer-related patients were living in the United States as of January 2022. Gastric buttons are highly recommended for cancer patients who are undergoing treatment such as chemotherapy and radiation therapy, which can cause difficulties swallowing.

 Gastric Button Market Report Highlights

  • Products segment is anticipated to grow at a CAGR of 7.5% over the forecast period owing to changes in customer preferences, and technological advancements in products. 
  • Enteral nutrition is expected to hold major share of the global revenue share. Enteral nutrition is associated with fewer complications and improved clinical outcomes.
  • Children segment is expected to hold a significant market share over the forecast period since the possibility of tube displacement is less with pediatric patients compared to adults.
  • Hospital dominates the end-use segment and is expected to grow at a highest CAGR over the projected period. Insertion of a G-tube carries a risk of complications, therefore needs to be performed by well-trained medical professionals which are easily available in hospitals.
  • North America is expected to grow at a CAGR of 7.7% over the projected period due to the presence of advanced healthcare settings, and a rising patient pool.
  • The key players are Medicina, Avanos Medical, Applied Medical Technology, Abbott Nutrition., Boston Scientific Corporation, Halyard Health, Medizintechnik, & C.R. Bard.

Polaris Market Research has segmented the gastric button market report based on offering, usage, application, end user, and region:

Gastric Button Market, Offering Outlook (Revenue - USD Million, 2019 - 2032)

  • Products
  • Accessories

Gastric Button Market, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Children
  • Adults

Gastric Button Market, Usage Outlook (Revenue - USD Million, 2019 - 2032)

  • Enteral Nutrition
  • Medication
  • Fluids
  • Others

Gastric Button Market, End User Outlook (Revenue - USD Million, 2019 - 2032)

  • Hospitals
  • Clinics
  • Others
 

 

Gastric Button, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Gastric Buttons Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 426.63 million

Revenue forecast in 2032

USD 817.18 million

CAGR

7.5% from 2023 - 2032

Base year

2022

Historical data

2019 - 2021

Forecast period

2023 - 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Offering, By Application, By Usage, By End user, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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