Infinium Global Research recent report on the Enteral Feeding Devices Market (By Product (Giving Set, Feeding Pump, Percutaneous Endoscopic Gastronomy Device, Low Profile Gastronomy Device, Nasogastric Tube, and Gastronomy Tube); By Age Group (Pediatrics and Adults); By Application (Oncology, Critical Care, Diabetes, Gastroenterology, and Others); By End User (Hospitals, Ambulatory Care Services, and Home Care): Industry Analysis, Trends, Size, Share and Forecasts up to 2030 provides a comprehensive outline of the factors responsible for the growth of the market. The global enteral feeding devices market was valued at about USD 4 billion in 2022 and is expected to reach nearly USD 7 billion in 2030, with a CAGR of around 7% during the forecast period 2023-2030.
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Enteral feeding devices are used in the medical field to provide nutrition to individuals who are unable to consume food orally, have difficulty swallowing safely, or require additional nutritional support. This method involves delivering food directly to the gastrointestinal tract, which comprises the mouth, esophagus, stomach, and intestines. These devices are primarily used to provide medications and nutrition to patients with chronic illnesses like malnutrition, gastrointestinal disorders, and cancer. By using a tube for feeding, patients can receive the necessary nutrients while keeping their GI tract functioning properly. Enteral feeding can either be the sole source of caloric intake or serve as a supplement. These devices are commonly found in medical facilities like operation theaters, intensive care units, and critical care units, but can also be used in home care settings for severely ill patients.
The Feeding Pump Segment Holds the Largest Market Share in the Enteral Feeding Devices Market
Based on Product, the Enteral Feeding Devices Market is segmented into Giving Sets, Feeding Pumps, Percutaneous Endoscopic Gastronomy Devices, Low Profile Gastronomy Devices, Nasogastric Tube, and Gastronomy Tube. Among these, the feeding pump segment holds the largest market share in the Enteral Feeding Devices Market. Enteral feeding is a widely used method of providing nutrition to both pediatric and adult patients diagnosed with chronic diseases, in order to improve their nutritional intake and prevent malnutrition which often results from reduced oral food intake. This factor contributes significantly to the growth of the enteral feeding devices market. The increasing adoption of these devices in both hospital and home care settings also drives this growth, as they are safe and provide accurate dosages of nutrition. Additionally, the market is boosted by the introduction of advanced technologies, such as closed systems for pumps, which reduce the risk of microbial infection and improve the overall usability of the product.
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North America to Be the Largest Region in the Enteral Feeding Devices Market
The market for enteral feeding devices is set to experience significant growth in major regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. This growth can be attributed to various factors such as high healthcare expenditure, advanced healthcare infrastructure, and availability of innovative products. North America is currently leading the market, followed by Europe which is driven by a large geriatric population and favourable reimbursement policies. The Asia Pacific region is anticipated to witness the fastest growth due to increasing cases of cancer and gastrointestinal disorders, high preterm birth rates, and a rising number of hospital admissions. The Middle East, Latin America, and Africa are also expected to witness substantial growth during the forecast period.
Companies Operating in Enteral Feeding Devices Market are Focusing on New Launches
The global Enteral Feeding Devices Market, which is highly competitive, consists of various market players. Some of the major market players include Fresenius Kabi AG, Boston Scientific Corporation, Amsino International Inc., Cook Medical Inc, Moog Inc, Medela, Applied Medical Technology, Cardinal Health Inc., Kentec Medical, and Becton Dickinson and Company. For instance, in April 2022, Fresenius Kabi launched a new enteral nutrition product app. The Enteral Nutrition Product App makes it easier for you to access detailed product information and includes a quick comparison tool to compare nutritional values against reference nutrient intakes.
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=> Comprehensive analysis of global as well as regional markets of enteral feeding devices.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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