South America Gastric Buttons Market
No. of Pages: 109 | Report Code: BMIRE00028201 | Category: Life Sciences
No. of Pages: 109 | Report Code: BMIRE00028201 | Category: Life Sciences
The South America gastric buttons market is expected to grow from US$ 34.44 million in 2022 to US$ 52.95 million by 2028; it is estimated to record a CAGR of 7.4% from 2022 to 2028.
Growing Preference for Low-Profile Tubes to Boost Market Growth in Future
The placement of low-profile gastrostomy buttons (LPBs) is safer, and it provides a better outcome compared to long gastrostomy tubes (LGTs). Low-profile balloon gastrostomy tubes have a compact design and are often preferred due to their aesthetic appearance and ease of replacement. Low-profile buttons are preferred in pediatric patients who are at a higher risk of accidentally pulling out longer tubing or dislodging the tubing. Low-profile tubes are sized based on the caliber of the access tube and the stem length.
Companies are focusing on introducing low-profile buttons to enhance delivery systems. These devices are likely to offer benefits such as flexibility to be placed via a mature gastrostomy tract and are available as an initial placement option, the extension set attached make feeding easier over long gastrostomy tubes (LGTs). The industry players are engaged in the utilization of advanced technology to develop low-profile buttons.
A few of the recent developments related to the gastric buttons market are mentioned below:
In March 2021, Applied Medical Technology, Inc. (AMT) announced the launch of a low profile micro G-JET. The micro G-JET was designed to meet the enteral nutrition needs of pediatric patients. The new device offers gastric lengths of 0.8 cm to 2.5 cm and jejunal lengths of 10 cm, 15 cm, 22 cm, and 30 cm.
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.
Thus, the growing preference for low profile tubes is likely to fuel market growth in the coming years.
South America Gastric Buttons Market Overview
The South & Central America gastric buttons market is segmented into Brazil, Argentina, and the Rest of South & Central America. An increase in the adoption of gastric buttons for enteral feeding, a rise in the prevalence of chronic diseases, and a surge in the aging population (which is at a greater risk of various infectious diseases and disabilities) are among the key factors contributing to the growth of the market in South & Central America.
South America Gastric Buttons Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the South America 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.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 34.44 Million |
Market Size by 2028 | US$ 52.95 Million |
Global CAGR (2022 - 2028) | 7.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Offerings
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
The geographic scope of the South America 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.
South America Gastric Buttons
Market Segmentation
The South America gastric buttons market is segmented based on offerings, application, usage, end user, and country. Based on offerings, the South America 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 South America gastric buttons market is bifurcated into children and adults. The children molding segment held a larger market share in 2022.
Based on usage, the South America 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 South America gastric buttons market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2022.
Based on country, the South America gastric buttons market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America gastric buttons market share in 2022.
Avanos Medical Inc., Boston Scientific Corp, Vygon (UK) Ltd, and Fresenius Kabi AG are the leading companies operating in the South America gastric buttons market.
The South America Gastric Buttons Market is valued at US$ 34.44 Million in 2022, it is projected to reach US$ 52.95 Million by 2028.
As per our report South America Gastric Buttons Market, the market size is valued at US$ 34.44 Million in 2022, projecting it to reach US$ 52.95 Million by 2028. This translates to a CAGR of approximately 7.4% during the forecast period.
The South America Gastric Buttons Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Gastric Buttons Market report:
The South America Gastric Buttons Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Gastric Buttons Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Gastric Buttons Market value chain can benefit from the information contained in a comprehensive market report.