Hospital supplies are the basic commodities required in the hospital to effectively examine, diagnose, and treat the disease or injury of patients. Adult feeding tubes and formula consists of feeding tubes and formula for patients who cannot swallow solid food or medicines. GlobalData uses proprietary data and analytics to provide a comprehensive report on the adult feeding tubes market in Australia. Buy the latest report here.
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In 2022, GlobalData’s Market Model methodology determined that the leading player in the adult feeding tubes market in Australia was Abbott Laboratories followed by Avanos Medical, Becton Dickinson and Co, Boston Scientific, Cardinal Health, Cook Medical, Nestle HealthCare Nutrition and Nutritional Medicinals.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
Adult feeding tubes are tubular devices used to administer nutrients to adult patients who can't otherwise obtain them through their natural digestive system, for a large variety of reasons including (but not limited to) neurological problems leading to difficulty swallowing, certain heart conditions, certain types of cancer, and more. Formula is a mixture of nutrients available either in powder or liquid form, which is administered to a patient via feeding tube to provide nutrition.
The adult feeding tubes market in Australia can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size adult feeding tubes in Australia, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
