The Enteral Feeding Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Enteral Feeding Devices Global Market Report 2024, The enteral feeding devices market size has grown strongly in recent years. It will grow from $4.2 billion in 2023 to $4.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, prevalence of chronic diseases, increased hospital admissions, increase in home-based care, regulatory support.
The enteral feeding devices market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increased patient-centric care, emerging markets, health insurance reimbursement, focus on sustainability and environment, ongoing research and development efforts. Major trends in the forecast period include nutritional personalization, minimizing infection risks, smart enteral feeding system, compact and portable devices, utalizing artificial intelligence (ai).
The surge in the number of preterm births is expected to propel the growth of the enteral feeding devices market. Preterm births are births that occur before the 37th week of pregnancy. Enteral feeding devices are often used to supplement breast milk to provide milk immediately to preterm birth babies. There is a surge in the number of preterm births due to multiple pregnancies, adolescent pregnancy rates, caesarean deliveries before full-term, unnecessary inductions, infections, and chronic conditions such as diabetes and high blood pressure. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the report indicates preterm birth rate increased by 4% in 2021, reaching 10.48%. Therefore, the surge in the number of these preterm births drives the enteral feeding device market.
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The enteral feeding devices market covered in this report is segmented –
1) By Product: Enteral Feeding Tubes, Enteral Feeding Pumps, Administration Sets, Enteral Syringes, Other Consumables
2) By Application: Oncology, Gastrointestinal Diseases, Neurological Disorders, Diabetes, Other Applications
3) By End User: Hospitals, Home Care Settings, Ambulatory Care Settings, Other End-Users
Top Major Players:
Fresenius Kabi AG|
Nestle SA
Moog Inc
Braun Melsungen AG
Cardinal Health Inc
North America was the largest region in the enteral feeding devices market in 2023.
Technological advancements are a key trend gaining popularity in the enteral feeding devices market. Enteral feeding devices are used to provide nutritional needs by tube feedings. Many companies are launching new advanced and efficient products in the enteral feeding devices market. For instance, in May 2021, the Israel based enteral feeding devices company ENvizion Medical developed a feeding tube navigation system for accurate enteral tube placement in adult patients consisting of an electro-mechanical device with embedded software and enteral feeding tubes. The ENvue system creates a personalized body map of patients, which thus allows medical staff to precisely place the tube in the stomach or small intestine through the oral or nasoenteric route.
The enteral feeding devices market report table of contents includes:
1. Executive Summary
2. Enteral Feeding Devices Market Characteristics
3. Enteral Feeding Devices Market Trends And Strategies
4. Enteral Feeding Devices Market – Macro Economic Scenario
5. Global Enteral Feeding Devices Market Size and Growth
….…..
31. Global Enteral Feeding Devices Market Competitive Benchmarking
32. Global Enteral Feeding Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Enteral Feeding Devices Market
34. Enteral Feeding Devices Market Future Outlook and Potential Analysis
35. Appendix
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