PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1479738
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1479738
The global enteral feeding devices market is projected to reach USD 5.6 billion in 2029 from USD 4.0 billion in 2023, at a CAGR of 6.2% between 2023 and 2029.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) Billion |
Segments | Enteral feeding devices - Type, Age Group, Application, End user and Region |
Regions covered | Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa and GCC countries |
The market is anticipated to grow as a result of development continuous advancements in medical devices. The growing number of elderly individuals with chronic illnesses creates a need for long-term nutritional support solutions, fueling demand for enteral feeding devices which is expected to drive the market growth.
Growing public awareness and acceptance of enteral feeding as a viable nutritional support option is expanding the potential patient pool which further contributes to market growth. On the other hand, stringent regulatory compliance and complexities in supply chain management are expected to limit market growth to a certain extent.
"Based on the application, the oncology segment is expected to grow by the highest CAGR in the enteral feeding devices market."
Cancer treatments like chemotherapy, radiation, and surgery can significantly impact a patient's ability to eat and absorb nutrients. Enteral feeding ensures they receive the necessary calories, proteins, vitamins, and minerals to maintain immune system function to fight infection and promote healing, reduce muscle wasting often associated with cancer and its treatment also support wound healing after surgery, a common aspect of cancer treatment which is expected to drive the market growth.
"The low profile tube segment in enterostomy feeding tubes segment is expected to grow with the highest CAGR in the enteral feeding devices market."
Low-profile feeding tubes (LPTs) offer several advantages over traditional feeding tubes, particularly for patients requiring long-term enteral feeding. LPTs sit flush against the skin, making them less visible compared to traditional tubes that protrude from the abdomen. This can significantly improve a patient's body image and self-confidence which is expected to drive the market growth.
"Based on the age group, adult segment is expected to grow by the highest CAGR in the enteral feeding devices market.
Enteral feeding ensures adults receive the essential calories, proteins, vitamins, and minerals they need to support their immune system and fight infection, promote healing after surgery or illness, maintain muscle mass, which is crucial for overall health and strength and improve recovery and tolerance of medical treatments like chemotherapy or radiationwhich which is expected to drive the enteral feeding devices market.
"Based on the end user, hospital segment is expected to grow by the highest CAGR in the enteral feeding devices market.
Enteral feeding tubes, particularly gastrostomy (G-tubes) placed directly in the stomach, are generally more comfortable than NG tubes (inserted through the nose). This can significantly improve a patient's experience, especially during extended hospital stays which is expected to drive the enteral feeding devices market.
"North America to grow with the highest CAGR in the enteral feeding devices market during the forecast period."
The The rise of chronic diseases, growing awareness of enteral feeding benefits, continuous technological advancements, and economic considerations are fueling the expansion of the enteral feeding device market in North America.
Europe was the second largest segment in the enteral feeding devices market in 2023. The Germany accounted for the larger share of the European enteral feeding devices market in 2023. The rising number of chronic diseases and and growing awareness regarding enteral feeding devices is expected to drive the market growth in Europen market.
Prominent players in the enteral feeding devices market Fresenius SE & Co. KGAA. (Germany), Cardinal Health, Inc. (US), Nestle S.A. (Switzerland), Avanos Medical, Inc. (US), Danone S.A. (France), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), CONMED Corporation (US), Cook Medical (US), Moog Inc. (US), Boston Scientific Corporation (US), Baxter International Inc. (US), Vygon (France), and Other players in the enteral feeding devices market are Applied Medical Technology (US), Amsino International Inc. (US), Omex Medical Technology (India), Danumed Medizintechnik (Germany), Medline Industries, Inc. (US), Fuji Systems (Japan), Kentec Medical (US), Dynarex Corporation (US), Vesco Medical LLC (US), Medela AG (Switzerland), Alcor Scientific (US), and Romsons (India)
The report analyzes the enteral feeding devices market and aims at estimating the market size and future growth potential of this market based on various segments such as age group, application, end user and region. The report also includes a competitive analysis of the key players in this market along with their company profiles, product/service offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall enteral feeding devices market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.