According to The Insight Partners’ latest study on “Gastric Buttons Market Size, Share, Growth and Global Forecast to 2028 – COVID-19 Impact and Global Analysis – by Offerings, Application, Usage, and End User, and Geography,” the market is expected to reach USD 617.9 million by 2028 from USD 400.0 million in 2022, with an estimated CAGR of 7.5%. The gastric buttons market growth is attributed to the increasing prevalence of cancer, neurological disorders, diabetes, and gastrointestinal diseases, and the rising geriatric population.
Download Sample Brochure at https://www.theinsightpartners.com/sample/TIPRE00029821
Gastric Buttons Market: Competitive Landscape and Key Developments
Avanos Medical Inc, Medicina Ltd, danumed Medizintechnik GmbH, Boston Scientific Corp, QMD, Nutricia Ltd, Shin-Etsu Polymer Europe BV, Applied Medical Technology Inc, Fresenius Kabi AG, and Vygon (UK) Ltd. are among the leading companies operating in the global gastric buttons market. These players are focusing on expanding and diversifying their market presence and acquiring a novel customer base, thereby tapping prevailing business opportunities.
Many players are launching innovative products in the gastric buttons market with advanced features and cost-effective prices. For instance,
In November 2021, Applied Medical Technology, Inc. (AMT) announced the launch of the 10F MiniACE balloon button that is FDA-cleared for Antegrade Continence Enemas. Patients who depend on antegrade enemas as part of their bowel management program no longer have to struggle with their Chait Trapdoor; by expanding the MiniACE portfolio to include a 10F option, patients can convert from their current cecostomy/appendicostomy device to a balloon button device with minimal dilation.
In May 2021, QMD announced the addition of Nasogastric Tubes to the Degania Enteral Feeding Product Family. The Degania Nasogastric Tubes are manufactured from premium materials and designed to comply with ENFit connection standards for improved patient safety. The comprehensive product range includes several pediatric and adult designs.
Check Discount on this Report at https://www.theinsightpartners.com/discount/TIPRE00029821
Increasing Prevalence of Cancer, Neurological Disorders, Diabetes, and Gastrointestinal Diseases
Diabetes is a life-threatening chronic disease with no functional cure. Diabetes can lead to various complications in different body parts and increase the overall risk of premature death. Heart attack, stroke, kidney failure, leg amputation, vision loss, and nerve damage are the major complications associated with diabetes. As there is a significant increase in diabetes cases worldwide, it results in life-changing complications among the population. According to the International Diabetes Federation (IDF), in 2017, 46 million diabetic patients were reported in North America, which is expected to reach 62 million in 2045.
Moreover, the data reported that ~425 million people had diabetes in 2017, which is expected to reach 629 million worldwide by 2045. The disease prevalence is expected to increase by ~35% during the forecast period. According to the Alzheimer’s Association, in 2018, 5.7 million people had Alzheimer’s disease in the Americas.
Cancer is a leading cause of death worldwide. According to the American Society of Clinical Oncology (ASCO), head and neck cancer accounts for ~4% of all cancers in the US. In 2020, ~562,328 individuals were diagnosed with head and neck cancer. Furthermore, in 2020, ~277,597 individuals worldwide died from the disease. Maintaining proper nutrition during cancer treatment is essential. When cancer patients struggle with nutrition, gastric buttons can help provide vitamins, minerals, calories, protein, and fluids required to help the patient fight infection, heal, and stay healthy during cancer treatment which is further expected to drive the growth of gastric buttons market.
Neurological disorders such as Parkinson’s disease, dementia, epilepsy and seizures, autism, cerebral palsy, and Alzheimer’s disease affect the brain and nerves of the human body. In the US, the prevalence of neurological disorders is increasing. According to the Centers for Disease Control and Prevention (CDC), Alzheimer’s disease is one of the top 10 leading causes of death in the US. In 2020, Alzheimer’s disease affected 5.8 million people in the US. Similarly, according to the Parkinson’s Foundation Prevalence Project, ~930,000 individuals with Parkinson’s Disease were present in the US in 2020. Weight loss and malnutrition as suboptimal oral intake are common in patients with neurological disorders and are associated with increased disability, morbidity, and mortality.
Epilepsy is a noncommunicable chronic brain disease that affects people of all ages. According to the World Health Organization (WHO), around 50 million people worldwide have epilepsy, making it one of the most common neurological diseases in the world. Almost 80% of people with epilepsy live in low- and middle-income countries. The same source estimates that up to 70% of people with epilepsy could live seizure-free with proper diagnosis and treatment. The nutritional management of patients with neurological disease is crucial, and enteral feeding is a commonly used method to provide nutritional support which is driving the growth of gastric buttons market.
Purchase Complete Study on Gastric Buttons Market at https://www.theinsightpartners.com/buy/TIPRE00029821
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
Press Release: https://www.theinsightpartners.com/pr/gastric-buttons-market