Over the course of the forecast period, the Enteral Feeding Devices Market is expected to grow at an average CAGR of 4.0%. By 2033, the market is projected to have grown from its current share of US$ 2.8 billion to a value of US$ 4.1 billion.
The global market for enteral feeding devices is expected to grow significantly in value between 2020 and 2030, according to a recent market analysis by Future Market Insights (FMI). More than 1 million new instances of stomach cancer are discovered each year, according to the US National Library of Medicine National Institutes of Health. It is more challenging to ingest food as planned when you have negative side effects of the disease such indigestion, nausea, and stomach pain.
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Since these devices assist in delivering food either orally or directly through the small intestine, demand for enteral feeding systems is increasing in direct proportion to the number of cases. Positively influencing the demand for enteral feeding systems is the increased incidence of irritable bowel syndrome (IBS), perianal infections, diverticulitis, and haemorrhoids in addition to stomach cancer.
Similar to this, there is an increase in demand for enteral feeding equipment due to the expanding elderly population. Due to the high prevalence of chronic diseases among the older population, which makes eating difficult, enteral feeding devices must be used.
“While hospitals remain a lucrative end-use segment, manufacturers are focusing catering to the growing demand in homecare settings by maintaining the optimal prices” opines FMI analyst.
Enteral Feeding Devices Market – Key Takeaways
- The global enteral feeding devices market will expand at a healthy CAGR of 6.6% through 2030 and will surge past valuation of US$ 6 Bn.
- Among applications, oncology is expected to drive the majority of demand for the devices as consumption of food naturally becomes onerous due to chemotherapy sessions.
- Feeding pumps are expected to remain the most sought-out product types, gaining traction among more than 6 out of the 10 healthcare providers worldwide.
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- Nasoenteric tubes are gaining prominence among healthcare institutions, owing to their efficiency in administering nutrients to patients suffering from neurological disorders, dementia, and lateral sclerosis.
- Although hospitals remain the leading end-users, the home care settings segment is forecasted to account for a significant share in the market value.
Enteral Feeding Devices Market – Key Trends
- COVID-19 is expected to catalyze the growth of the market as a result of the infection which comprises the patient’s ability to intake solid food, thus asserting medical professionals to administer enteral feeding.
- With the weight of the enteral feeding devices being a major limitation, manufacturers are now focusing on developing lightweight products to transmute the restrain into opportunity.
Enteral Feeding Devices Market – Regional Analysis
- North America and Europe are expected to cumulatively account for nearly 70% of overall market value, with the former holding 40% of the share.
- The dominance of these regions is attributed to favorable medical policies and the strong presence of market players.
- Asia Pacific is forecasted to register tremendous growth on the back of rising healthcare expenditure, the presence of a large patient pool, and a burgeoning number of preterm births.
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Enteral Feeding Devices Market – Competitive Landscape
Major market players operating in the market include ICU Medical, Boston Scientific Corporation, Fresenius Kabi, Abbott Laboratories, Cook Medical, Cardinal Health, Inc., Becton Dickinson & Company, and Dynarex Corporation among others. Market players are focusing on developing innovative products with low weight to increase portability.
On these lines, Infinity Feeding Pumps launched the Zevex EnteraLite Infinity Feeding Pump, which weighs less than one pound.
Enteral Feeding Devices Market – Taxonomy
Product Type:
- Enteral Feeding Pumps
- Enteral Feeding Tubes
Enterostomy Feeding Tubes
- Standard Tubes
- Standard Gastrostomy Tubes
- Standard Jejunostomy Tubes
- Standard Gastrojejunostromy Tubes
- Low Profile Tubes
- Low-profile Gastrostomy Tubes
- Low-profile Jejunostomy Tubes
- Nasoenteric Feeding Tubes
- Nasogastric Feeding Tubes
- Nasojejunal Feeding Tubes
- Nasoduodenal Feeding Tubes
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Oroenteric Feeding Tubes:
- Administration Sets
- Enteral Syringes
- Consumables
Application
- Oncology
- Gastroenterology
- Diabetes
- Neurological Disorders
- Others
Age Group
- Adult
- Pediatric
- End-user
Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Homecare Settings
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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