The enteral feeding devices market is projected to experience steady growth over the next decade, expanding at a compound annual growth rate (CAGR) of 4.0%. Valued at USD 2.8 billion in 2023, the market is anticipated to reach a significant milestone of USD 4.1 billion by 2033.
Enteral feeding devices, essential for providing nutrition to patients who cannot consume food orally, are increasingly in demand due to the rising prevalence of chronic diseases, aging populations, and advancements in medical technology. These devices play a crucial role in patient care, particularly in hospitals, long-term care facilities, and home healthcare settings.
The market’s growth is driven by the continuous innovation and improvement in enteral feeding technologies, ensuring better patient outcomes and enhanced quality of care. Key players in the industry are focusing on developing more efficient, user-friendly, and safe enteral feeding solutions to meet the evolving needs of healthcare providers and patients.
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The promising future of the enteral feeding device market highlights its vital function in the healthcare industry in providing for the nutritional requirements of patients unable to swallow food. With consistent expansion and ongoing innovation, the industry is poised to significantly advance patient care across the globe.
Key Takeaways:
- Market Growth: The enteral feeding devices market is projected to grow at a CAGR of 4.0% from 2023 to 2033.
- Current and Future Valuation: The market holds a current valuation of US$ 2.8 billion in 2023 and is expected to reach US$ 4.1 billion by 2033.
- Driving Factors: Key drivers of this growth include rising incidences of chronic diseases, technological advancements in medical devices, and an aging global population necessitating increased nutritional support.
- Market Dynamics: The market dynamics are influenced by healthcare providers’ increasing focus on homecare settings, enhancing patient comfort and reducing hospital stays.
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.
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.
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Key Contributors:
- Abbott Nutrition
- ALCOR Scientific
- Applied Medical Technology
- B. Braun Melsungen AG
- Boston Scientific
- CONMED Corporation
- Cook Medical
- Cardinal Health, Inc.
- Becton, Dickinson, and Company
- Fresenius Kabi
- Owens & Minor, Inc. (Halyard Health)
- Medline
- Moog
- Nestlé Health Science
- Danone SA
- Vygon SA
- Amsino International, Inc.
- Fuji Systems Corp
- Neomed
- Smiths Medical (Smiths Group)
Key Segments:
By Product Type:
- Enteral Feeding Pumps
- Nasogastric Tubes
- Nasojejunal Tubes
- Percutaneous Endoscopic Gastrostomy (PEG) Kit
- PEG Balloon Kit
- PEG Non-Balloon Kit
- Replacement G-Tubes
- Replacement Balloon G-Tubes
- Replacement Non-Balloon G-Tubes
- Percutaneous Endoscopic Gastro-Jejunostomy (PEGJ) Tubes
- Low-profile Tubes
- Low-profile Balloon Tubes
- Low-profile Non-Balloon Tubes
By Age Group:
- Adult
- Pediatric
By End User:
- Hospital
- Clinic
- Ambulatory Surgical Center
- Home Care Setting
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- The Middle East & Africa (MEA)
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