Asia Pacific Gastric Buttons Market

The Asia Pacific gastric buttons market is expected to grow from US$ 58.71 million in 2022 to US$ 93.42 million by 2028; it is estimated to register a CAGR of 8.0% during 2022–2028.

Expanding Geriatric Population Bolsters Market Growth

A surge in the geriatric population in developed countries, such as China, India, and South Korea, is driven by the modernization of healthcare facilities and improvements in healthcare services, which has boosted the life expectancy in these countries. According to the data presented by the World Health Organization (WHO) in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. The geriatric population in the world is anticipated to reach US$ 1.4 billion, US$ 2.1 billion, and US$ 3.1 billion by 2030, 2050, and 2100, respectively. Underdeveloped and developing countries would account for ~80% of this growth.

Various physiological, physical, and cognitive changes in the human body are marked by aging. Prolonged chronic disorders such as type II diabetes, atherosclerosis, and coronary heart disease may result in difficulty in swallowing food, medicines, etc., among the elderly. Nutritional requirements can be met in such patients by using enteral nutrition devices. Thus, the growing geriatric population is a prime factor driving the growth of the gastric buttons market in APAC.

Asia Pacific Gastric Buttons Market Overview

The Asia Pacific gastric buttons market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held the largest market share in 2021, and the market in India is expected to exhibit a significant CAGR in the market during the forecast period. The market growth in these countries is attributed to the increasing prevalence of Alzheimer’s disease, stroke, and oral cancer; a high number of preterm births; and the rising geriatric population. Moreover, expansion and product launch strategies implemented by market players to expand their presence in untapped markets are expected to contribute to the growth of the gastric buttons market in Asia Pacific in the coming years.

Asia Pacific Gastric Buttons Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Gastric Buttons Strategic Insights

Strategic insights for the Asia Pacific Gastric Buttons provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Gastric Buttons Report Scope

Asia Pacific Gastric Buttons Regional Insights

The geographic scope of the Asia Pacific Gastric Buttons refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Asia Pacific Gastric Buttons

Market Segmentation

The Asia Pacific gastric buttons market is segmented based on offerings, application, usage, end user, and country. Based on offerings, the Asia Pacific gastric buttons market is bifurcated into products and accessories. The products segment held a larger market share in 2022. Further, accessories are segmented into button feeding sets, button decompression sets, and others.

Based on application, the Asia Pacific gastric buttons market is bifurcated into children and adults. The children molding segment held a larger market share in 2022.

Based on usage, the Asia Pacific gastric buttons market is segmented into enteral nutrition, medications, fluids, and others. The enteral nutrition segment held the largest market share in 2022.

Based on end user, the Asia Pacific gastric buttons market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2022

Based on country, the Asia Pacific gastric buttons market is segmented into China, Japan, India, Australia, South Korea, and The Rest of Asia Pacific. China dominated the Asia Pacific gastric buttons market share in 2022.

Avanos Medical Inc., Boston Scientific Corp, QMD, Shin-Etsu Polymer Asia Pacific BV, Vygon (UK) Ltd, and Fresenius Kabi AG are the leading companies operating in the Asia Pacific gastric buttons market.