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Global Percutaneous Endoscopic Gastrostomy (PEG) Tube Market Sector: Types, Applications, Market Player Strategies, Regional Growth Insights, and Future Projections (2024 - 2031)

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The "Percutaneous Endoscopic Gastrostomy (PEG) Tube Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Percutaneous Endoscopic Gastrostomy (PEG) Tube market is expected to grow annually by 4.4% (CAGR 2024 - 2031).

This entire report is of 167 pages.

Percutaneous Endoscopic Gastrostomy (PEG) Tube Introduction and its Market Analysis

The Percutaneous Endoscopic Gastrostomy (PEG) Tube market research report highlights the growing demand for PEG tubes due to the rise in gastrointestinal disorders and increasing geriatric population. Major factors driving revenue growth include advancements in technology, rising adoption of minimally invasive procedures, and increasing awareness about enteral feeding. Key players in the market include Fresenius Kabi, Cardinal Health, Nestle, Avanos Medical, Danone, Applied Medical Technology, Boston Scientific, Cook Group and ConMed. The report recommends companies to focus on research and development activities, strategic partnerships, and expanding their product portfolio to capitalize on the expanding PEG tube market.

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The Percutaneous Endoscopic Gastrostomy (PEG) Tube market is witnessing steady growth, with a range of tube types including Low Profile G-tube, High Profile G-tube, and other options available. These tubes are commonly used in both children and adult patients who are unable to feed themselves orally. The market is segmented based on age group, with different requirements for children and adults.

Regulatory and legal factors play a crucial role in shaping the market conditions for PEG tubes. Stringent regulations ensure that these devices are safe and effective for patient use. Compliance with regulatory requirements is vital for manufacturers to access and maintain a presence in the market. Legal factors such as patents and intellectual property rights also impact market dynamics, driving innovation and competition among key players in the industry.

Overall, the PEG Tube market is poised for significant growth as the demand for enteral feeding devices continues to rise. Manufacturers and healthcare providers need to stay abreast of changing regulatory and legal factors to capitalize on the opportunities presented by this expanding market.

Top Featured Companies Dominating the Global Percutaneous Endoscopic Gastrostomy (PEG) Tube Market

The Percutaneous Endoscopic Gastrostomy (PEG) Tube Market is highly competitive with key players such as Fresenius Kabi, Cardinal Health, Nestle, Avanos Medical, Danone, Applied Medical Technology, Boston Scientific, Cook Group, ConMed, and GBUK Group.

These companies operate in the PEG Tube Market by offering a variety of products and services related to percutaneous endoscopic gastrostomy procedures. They provide PEG tubes, feeding pumps, accessories, and other related products to healthcare facilities and patients. These companies also offer training, support, and maintenance services to ensure the safe and effective use of PEG tubes.

Through their innovative products and services, these companies contribute to the growth of the PEG Tube Market by expanding the availability and accessibility of PEG procedures to a wider patient population. They also invest in research and development to improve the design, efficacy, and safety of PEG tubes, driving market growth.

As for sales revenue, some of the above-listed companies have reported impressive financial figures. For example, Fresenius Kabi reported sales revenue of € billion in 2020, Cardinal Health had sales of $155.4 billion in 2020, and Nestle reported sales of CHF 84.3 billion in 2020. These revenues reflect the strong market presence and growth potential of these companies in the PEG Tube Market.

  • Fresenius Kabi
  • Cardinal Health
  • Nestle
  • Avanos Medical
  • Danone
  • Applied Medical Technology
  • Boston Scientific
  • Cook Group
  • ConMed
  • GBUK Group

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Percutaneous Endoscopic Gastrostomy (PEG) Tube Market Analysis, by Type:

  • Low Profile G-tube
  • High Profile G-tube
  • Other

The different types of Percutaneous Endoscopic Gastrostomy (PEG) tubes include low profile G-tubes, high profile G-tubes, and other specialized options. Low profile G-tubes are less visible and may be more comfortable for patients, while high profile G-tubes are larger and more suitable for long-term use. Other specialized options include antimicrobial-coated tubes or specialized feeding tubes for specific medical conditions. These variations cater to different patient needs, driving the demand for PEG tubes in the market as healthcare providers seek the most appropriate and effective option for their patients.

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Percutaneous Endoscopic Gastrostomy (PEG) Tube Market Analysis, by Application:

  • Children
  • Adult

Percutaneous Endoscopic Gastrostomy (PEG) Tube is used in children and adults who have difficulty swallowing, require long-term enteral feeding, or have neurological or gastrointestinal conditions. In children, PEG tubes are commonly used to provide nutrition when oral intake is inadequate. In adults, PEG tubes are used for long-term nutritional support in conditions such as stroke, cancer, and Alzheimer's disease. The fastest growing application segment in terms of revenue is in the use of PEG tubes for adults with chronic illnesses and elderly patients who require enteral feeding support to maintain their nutritional status and quality of life.

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Percutaneous Endoscopic Gastrostomy (PEG) Tube Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The percutaneous endoscopic gastrostomy (PEG) tube market is expected to demonstrate significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). North America is expected to dominate the market with a market share percent valuation of approximately 40%, followed by Europe with a market share of 30%. Asia-Pacific is also expected to witness substantial growth, with a market share of 20%.

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