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Low Profile Gastrostomy Device Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)

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The "Low Profile Gastrostomy Device Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Low Profile Gastrostomy Device market is expected to grow annually by 13.4% (CAGR 2024 - 2031).

This entire report is of 103 pages.

Low Profile Gastrostomy Device Introduction and its Market Analysis

The Low Profile Gastrostomy Device market research report provides insights into the market conditions for this medical device which is used for feeding and medication delivery for patients who cannot eat normally. The target market includes hospitals, ambulatory surgical centers, and home healthcare settings. Major factors driving revenue growth of the Low Profile Gastrostomy Device market include increasing prevalence of chronic diseases requiring long-term enteral feeding, advancements in technology leading to more efficient devices, and rising adoption of minimally invasive procedures. Key players in the market include Fresenius, Cook Medical, Medtronic, Moog Medical Devices, Avanos, and CR Bard. The report's main findings suggest a growing demand for low profile gastrostomy devices due to their convenience and effectiveness, and recommendations include investing in research and development to enhance product offerings and expand market reach.

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The Low Profile Gastrostomy Device market is segmented into two types: Obturated and Non-obturated, catering to various medical needs in hospitals, clinics, and other healthcare settings. These devices are used for feeding and medication administration in patients requiring long-term enteral feeding. Regulatory and legal factors specific to market conditions play a crucial role in the production and distribution of these devices. Strict adherence to regulations ensures quality and safety standards are met, leading to increased trust among healthcare professionals and patients. Continuous monitoring and compliance with regulatory requirements are essential for market growth and sustainability. As the demand for minimally invasive feeding solutions increases, the Low Profile Gastrostomy Device market is expected to expand, driven by technological advancements and a growing aging population. The market offers promising opportunities for manufacturers and suppliers catering to the healthcare sector, with a focus on improving patient outcomes and quality of life.

Top Featured Companies Dominating the Global Low Profile Gastrostomy Device Market

The low profile gastrostomy device market is highly competitive with key players such as Fresenius, Cook Medical, Medtronic, Moog Medical Devices, Avanos, and CR Bard. These companies offer a variety of low profile gastrostomy devices to cater to different patient needs and preferences.

Fresenius, for example, offers a range of gastrostomy devices that are minimally invasive and easy to use. Cook Medical focuses on providing innovative solutions for the low profile gastrostomy market, including devices that are designed to reduce complications and improve patient outcomes. Medtronic provides advanced technologies for gastrostomy procedures, ensuring safer and more effective device placement.

Moog Medical Devices specializes in developing high-quality gastrostomy devices that are reliable and durable. Avanos offers a comprehensive range of gastrostomy products, including feeding tubes and accessories, to meet the needs of healthcare providers and patients. CR Bard is known for its expertise in developing cutting-edge gastrostomy devices that are designed to enhance patient comfort and convenience.

These companies play a significant role in driving growth in the low profile gastrostomy device market by constantly innovating and improving their products. They also invest in research and development to develop new technologies and solutions that address the evolving needs of patients and healthcare providers.

In terms of sales revenue, Medtronic reported a total revenue of $ billion in 2020, while Fresenius had a total revenue of €28.36 billion in the same year. Cook Medical is a subsidiary of Cook Group, which reported a revenue of $2.4 billion in 2019. The specific sales revenue for Moog Medical Devices, Avanos, and CR Bard is not readily available, but these companies are known to be key players in the low profile gastrostomy device market.

  • Fresenius
  • Cook Medical
  • Medtronic
  • Moog Medical Devices
  • Avanos
  • CR Bard

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Low Profile Gastrostomy Device Market Analysis, by Type:

  • Obturated
  • Non-obturated

Low profile gastrostomy devices are available in two types - obturated and non-obturated. Obturated devices have a tube that is occluded by a valve or obturator, providing a secure closure. Non-obturated devices do not have a valve or obturator, allowing for easier feeding and medication administration. These different types cater to the varied needs of patients, increasing the demand for low profile gastrostomy devices in the market. Patients and healthcare providers can choose the type that best suits their requirements, leading to a boost in sales and market growth for these devices.

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Low Profile Gastrostomy Device Market Analysis, by Application:

  • Hospital
  • Clinic
  • Other

The application of Low Profile Gastrostomy Device is widely used in hospitals, clinics, and other healthcare settings for patients who require long-term enteral feeding. It is used for providing nutrition and medications directly into the stomach through a small opening in the abdomen. The device is inserted through an incision and secured in place, allowing for comfortable and discreet feeding access. The fastest growing application segment in terms of revenue is the hospital setting, where an increasing number of patients are opting for enteral feeding as a more convenient and efficient method of nutrition delivery.

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Low Profile Gastrostomy Device 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 low profile gastrostomy device market is expected to witness significant growth in regions including 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 of around 40%, followed by Europe with a market share of 25%. The Asia-Pacific region is also expected to witness growth with a market share of 20%, while Latin America and Middle East & Africa are projected to have a market share of 10% each.

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