Gastric Buttons Market, By Offering, By Application, By Usage, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
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
Gastric Buttons Market- Segmentation Analysis:
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.
Gastric Buttons Market- Competitive Landscape:
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.
Recent Developments:
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.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GASTRIC BUTTONS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Avanos Medical Inc
Medicine Ltd
Applied Medical Technology Inc
danumed Medizintechnik GmbH
Boston Scientific Corp
QMD
Nutricia Ltd
Shin-Etsu Polymer Europe BV
Fresenius Kabi AG
Vygon (UK) Ltd
Others
GLOBAL GASTRIC BUTTONS MARKET, BY OFFERING- MARKET ANALYSIS, 2019 - 2032
Products
Accessories
GLOBAL GASTRIC BUTTONS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Children
Adults
GLOBAL GASTRIC BUTTONS MARKET, BY USAGE- MARKET ANALYSIS, 2019 - 2032
Enteral Nutrition
Medication
Fluids
Others
GLOBAL GASTRIC BUTTONS MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032
Hospitals
Clinics
Others
GLOBAL GASTRIC BUTTONS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Gastric Buttons Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Gastric Buttons Market Snippet by Offering
2.1.2. Gastric Buttons Market Snippet by Application
2.1.3. Gastric Buttons Market Snippet by Usage
2.1.4. Gastric Buttons Market Snippet by End-User
2.1.5. Gastric Buttons Market Snippet by Country
2.1.6. Gastric Buttons Market Snippet by Region
2.2. Competitive Insights
3. Gastric Buttons Key Market Trends
3.1. Gastric Buttons Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Gastric Buttons Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Gastric Buttons Market Opportunities
3.4. Gastric Buttons Market Future Trends
4. Gastric Buttons Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Gastric Buttons Market: Impact of Escalating Geopolitical Tensions
5.1. Impact of COVID-19 Pandemic
5.2. Impact of Russia-Ukraine War
5.3. Impact of Middle East Conflicts
6. Gastric Buttons Market Landscape
6.1. Gastric Buttons Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Gastric Buttons Market - By Offering
7.1. Overview
7.1.1. Segment Share Analysis, By Offering, 2023 & 2032 (%)
7.1.2. Products
7.1.3. Accessories
8. Gastric Buttons Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Children
8.1.3. Adults
9. Gastric Buttons Market - By Usage
9.1. Overview
9.1.1. Segment Share Analysis, By Usage, 2023 & 2032 (%)
9.1.2. Enteral Nutrition
9.1.3. Medication
9.1.4. Fluids
9.1.5. Others
10. Gastric Buttons Market - By End-User
10.1. Overview
10.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
10.1.2. Hospitals
10.1.3. Clinics
10.1.4. Others
11. Gastric Buttons Market- By Geography
11.1. Introduction
11.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
11.2. North America
11.2.1. Overview
11.2.2. Gastric Buttons Key Manufacturers in North America
11.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
11.2.4. North America Market Size and Forecast, By Offering, 2019 - 2032 (US$ Million)
11.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.2.6. North America Market Size and Forecast, By Usage, 2019 - 2032 (US$ Million)
11.2.7. North America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)