The global enteral feeding devices market is poised for significant growth, reaching an estimated US$ 4.1 billion by 2033, according to a recent report by Future Market Insights (FMI). This translates to a projected Compound Annual Growth Rate (CAGR) of 4.0% over the forecast period (2023-2033).
According to a new industry analysis published by Future industry Insights (FMI), the worldwide enteral feeding device market is expected to grow substantially in terms of value between 2020 and 2030. Every year, about a million new instances of stomach cancer are discovered, according to the US National Library of Medicine National Institutes of Health. Among the unpleasant side symptoms of the illness are indigestion, nausea, and abdominal pain, which make it more challenging to eat as directed.
Since enteral feeding devices facilitate the administration of food either orally or directly through the small intestine, the demand for them is growing in direct proportion to the number of cases. In addition to stomach cancer, the incidence of diverticulitis, hemorrhoids, perianal infections, and irritable bowel syndrome (IBS) is on the rise.
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In a similar vein, the need for enteral feeding equipment is increasing due to the growing elderly population. Due to the high prevalence of chronic diseases in the senior population, which makes eating difficult, enteral feeding systems are required.
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.
- 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.
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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.
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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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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