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).
This growth is attributed to several factors, including:
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Increasing Prevalence of Digestive Conditions: A key driver is the rising number of individuals diagnosed with digestive disorders. The US National Library of Medicine National Institutes of Health reports over 1 million new stomach cancer cases annually. Stomach cancer, along with conditions like irritable bowel syndrome (IBS), perianal infections, diverticulitis, and hemorrhoids, can make oral food intake difficult.
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Enteral Feeding Devices Offer a Solution: Enteral feeding devices provide a critical solution for these patients by delivering essential nutrients directly through the stomach or small intestine, bypassing the digestive system. This ensures proper nutrition and supports overall health.
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Growing Awareness and Acceptance: As awareness and acceptance of enteral feeding therapy increase, the demand for these devices is expected to climb steadily.
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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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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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