The enteral feeding tube equipment global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enteral Feeding Tube Equipment Market, 2024The enteral feeding tube equipment global market report 2024
Market Size – The enteral feeding tube equipment market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to the rising incidence of chronic diseases, increasing elderly population, growing awareness of nutritional needs, expansion of home healthcare services, and improvements in healthcare infrastructure.
The enteral feeding tube equipment market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the increasing prevalence of gastrointestinal disorders, growing demand for home-based healthcare solutions, rising geriatric population, expanding global healthcare access, and increasing adoption of enteral nutrition in clinical settings. Major trends in the forecast period include advancements in medical technology, integration of smart technology, growth in minimally invasive procedures, expansion of the home care market, and development of personalized nutrition solutions.
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Scope Of Enteral Feeding Tube Equipment MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enteral Feeding Tube Equipment Market Overview
Market Drivers -The increasing incidence of chronic diseases is set to propel the growth of the enteral feeding tube equipment market, as these devices are essential for patients unable to consume food orally due to conditions like cancer or gastrointestinal issues. Chronic diseases are long-term health conditions driven by factors such as aging populations, sedentary lifestyles, poor diets, and rising obesity rates. Enteral feeding tubes ensure that patients receive the necessary nutrients and medications for ongoing care. As of April 2022, the National Association of Chronic Disease Directors reported that almost 60% of adults have at least one chronic disease, with 40% having multiple chronic conditions, costing the US economy around $2 trillion annually by 2030. The rising incidence of these conditions is driving growth in the enteral feeding tube equipment market.
Market Trends – Major companies operating in the enteral feeding tube equipment market are focused on developing innovative products, such as electromagnetic navigation systems, to enhance the accuracy, safety, and ease of tube placement and monitoring for patients requiring enteral nutrition. Electromagnetic navigation systems are advanced technologies used to guide and monitor the placement of medical devices, such as feeding tubes, within the body. For instance, in October 2021, ENvizion Medical Ltd., a US-based medical device company, launched a feeding tube navigation system for accurate enteral tube placement in adult patients as an alternative to the limitations of blind insertions and the radiography-based adjuvant method. This innovative system addresses the challenges associated with traditional feeding tube insertions, which often rely on blind methods or radiography, leading to potential complications. It represents a significant advancement in enteral feeding technology, focusing on safety, efficiency, and improved patient care.
The enteral feeding tube equipment market covered in this report is segmented –
1) By Type: Gastrostomy Tube, Nasoenteric Tube, Other Types
2) By Application: Oncology, Gastroenterology, Neurology, Diabetes, Other Applications
3) By End-User: Hospitals, Home Care Settings, Ambulatory Care Settings, Other End Users
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Regional Insights – North America was the largest region in the enteral feeding tube equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enteral feeding tube equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Cardinal Health Inc., Johnson & Johnson Services Inc., Fresenius Kabi AG, Abbott Laboratories, Medtronic plc, Danone S.A., Kimberly-Clark Corporation, Baxter International Inc., B. Braun Melsungen AG, Nestlé Health Science, Terumo Corporation, C.R. Bard Inc., Smiths Medical India Pvt. Ltd., Coloplast A/S, Moog Inc., Cook Medical Inc., ConvaTec Group plc, Hollister Incorporated, Halyard Health Inc., Amsino International Inc., Vygon SA, Hart Medical Equipment, Alcor Scientific, Zevex Inc.
Table of Contents
1. Executive Summary
2. Enteral Feeding Tube Equipment Market Report Structure
3. Enteral Feeding Tube Equipment Market Trends And Strategies
4. Enteral Feeding Tube Equipment Market – Macro Economic Scenario
5. Enteral Feeding Tube Equipment Market Size And Growth
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27. Enteral Feeding Tube Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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