Dysphagia Management Market is anticipated to Witness High Growth
The dysphagia management market comprises products such as feeding tubes, liquid thickeners, dry thickened food and beverages. Dysphagia refers to swallowing difficulty faced by patients suffering from neurological conditions, cancer, strokes, etc. Feeding tubes are used to administer nutrition and hydration to patients who cannot chew or swallow. Liquid thickeners and dry thickened food help reduce the risk of choking by delaying foodbreak down and increasing the viscosity of liquids.
The Global Dysphagia Management Market is estimated to be valued at US$ 3.7 billion in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the dysphagia management market are Abbott Nutrition Co., Nestle Health Science, BeechTree Labs, Nutricia Advanced Medical Nutrition, Cipla Ltd.
Rising awareness regarding management of dysphagia and availability of new products present key opportunities in the market. Major companies are focusing on expanding their presence in emerging markets like Asia Pacific and Latin America through collaborations and partnerships.
The global market is expected to witness high Dysphagia Management Market Growth rate owing to increasing incidence of neurological disorders worldwide. As per WHO estimates, more than 50 million people suffer from stroke globally each year resulting in dysphagia which boosts the need for dysphagia management products.
Market Drivers
Surging Geriatric Population: As aging increases the risks of neurological conditions, cancer and frailty, the prevalence of dysphagia is growing in line with the rising global geriatric population. It is estimated that over 1.5 billion people will be aged 65 years and above by 2050 presenting a substantial patient pool.
Market Restraints
Stringent Regulations: Dysphagia management devices and thickeners are classified as class II or class III medical devices and hence require extensive clinical testing and compliance with regulations before commercialization which high development costs and prolongs product launch.
Segment Analysis
This Dysphagia Management Market Regional Analysis can be segmented based on product type into neuromuscular electric stimulators, feeding tubes, liquid thickeners, and others. Among them, the liquid thickeners segment currently dominates the market as it is a non-invasive solution that helps elevate the safety and comfort of patients experiencing dysphagia. It allows for modifying the consistency of liquids to suit the swallowing needs of an individual. The segment accounts for over 30% of the total market share owing to the extensive usage of thickeners for managing dysphagia, especially in the elderly population.
Global Analysis
Regionally, North America holds the major share in the dysphagia management market and is expected to continue domining during the forecast period. This can be attributed to the rising geriatric population, increasing healthcare expenditure, and growing awareness about dysphagia and its management in the region. The Asia Pacific region is anticipated to witness the fastest growth over the coming years. This is due to the improving access to healthcare facilities, increasing medical tourism, and rising spending capabilities of the people in developing countries like India and China.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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