CHICAGO, May 1, 2024
/PRNewswire/ -- Enteral Feeding Devices Market in
terms of revenue was estimated to be worth $4.0 billion in 2024 and is poised to reach
$5.6 billion by 2029, growing at a
CAGR of 6.2% from 2024 to 2029 according to a new report by
MarketsandMarkets™.
The global population is growing older, leading to an increased
demand for enteral feeding devices used for age-related conditions
also chronic diseases like diabetes, heart disease, and cancer are
becoming increasingly prevalent worldwide, necessitating a rise in
the demand for these devices used in their management which is
expected to drive the market growth. However, stringent regulatory
compliances for the approval of enteral feeding devices is expected
to challenge the growth of the market.
This report divides the enteral feeding devices market into four
segments – type, age group, application, end user and region.
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Browse in-depth TOC on "Enteral Feeding Devices
Market"
430 - Tables
200 - Figures
450 -
Pages
Enteral Feeding Devices Market Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$4.0 billion
|
Estimated Value by
2029
|
$5.6 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 6.2%
|
Market Size Available
for
|
2022–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Enteral feeding devices
– Type, Age Group, Application, End user and Region
|
Geographies
Covered
|
Asia Pacific, North
America, Europe, Latin America, and the Middle East and Africa and
GCC countries
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Growing demand for
enteral feeding in the home care sector
|
Key Market
Drivers
|
Rapid growth in
geriatric population and age-related chronic diseases
|
"Based on type, the nasogastric feeding tubes in nasoenteric
feeding tubes segment is expected to grow at the highest CAGR
during the forecast period."
NG tubes are ideal for short-term enteral feeding (typically
less than 4-6 weeks). This is because they are less invasive than
other options like surgically placed tubes and can be easily
inserted and removed. NG tubes can be placed quickly at the
bedside, making them a suitable option for initiating enteral
feeding immediately after surgery or in critical situations where
rapid nutritional support is needed which is expected to drive the
segment growth.
"The gastroenterology segment is expected to account for
the largest share, by application in the enteral feeding devices
market."
Blockages in the digestive tract can prevent food from passing
through naturally. Enteral feeding allows nutrients to
bypass the obstruction and reach the small intestine for absorption
also Certain conditions like Crohn's disease or celiac disease can
affect the body's ability to absorb nutrients from food consumed
orally. Enteral feeding delivers nutrients directly into the
intestine, bypassing the absorption issue which is expected to
drive the segment growth.
"In 2023, Europe was the
region with the second largest market share in the enteral
feeding devices market "
The enteral feeding devices market is segmented into
five major regions, namely, North
America, Europe,
Asia Pacific (APAC), Latin America, and the Middle East and Africa and GCC countries
Europe accounted for the
second-largest share of the enteral feeding devices market in
2023. The rapidly aging population, increasing number of preterm
births creates a demand for enteral feeding devices specifically
designed for neonates which is driving the growth of the enteral
feeding devices market in the European region.
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Enteral Feeding Devices Market Dynamics:
Drivers:
1. Rapid growth in geriatric population and age-related
chronic diseases
Restraints:
1. Lack of Patient Awareness
Opportunities:
1. Growing demand for enteral feeding in the home care
sector
Challenge:
1. Dearth of skilled professionals and endoscopy
specialists
Key Market Players of Enteral Feeding Devices
Industry:
Key players in the enteral feeding devices market include
Fresenius SE & Co. KGAA. (Germany), Cardinal Health, Inc. (US), Nestlé
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)
A breakdown of the primary participants (supply-side) for the
enteral feeding devices market referred to for this report is
provided below:
- By Company Type: Tier 50%, Tier 35%, and Tier 15%
- By Designation: C-level–35%, Director Level–40%, and
Others–25%
- By Region: North America–35%, Europe–20%, Asia Pacific–10%,
Latin America- 20%, Middle East & Africa and GCC Countries- 15%.
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Recent Developments of Enteral Feeding Devices
Industry:
- In September 2022, Cardinal
Health, Inc. (US) announced the partnership with Kinaxis
(Canada) to enhance the Kinaxis
RapidResponse Platform used for supply chain agility and medical
product visibility.
- In November 2022, Boston
Scientific signed an agreement for the acquisition of Apollo
Endosurgery, Inc.,. This agreement includes devices, which are used
during endoluminal surgery (ELS) procedures, to close
gastrointestinal defects, manage gastrointestinal complications,
and aid in weight loss for patients suffering from obesity.
- In March 2021, Applied Medical
Technology, Inc. (US) launched its gastric-jejunal enteral feeding
tube family (G-JETs) to include the low-profile micro-G-JET to link
up the enteral nutrition needs of pediatric patients.
- In March 2022, Vygon Group
(France) announced the acquisition
of distributor Macatt Medica (Peru). The acquisition is expected to grow the
presence of Vygon Group (France),
in the South American region, specifically for its broad range of
enteral feeding products.
Enteral Feeding Devices Market - Key Benefits of Buying 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.
This report provides insights into the following
pointers:
- Analysis of key drivers (benefits and cost-effectiveness of
enteral over parenteral nutrition, shift from parenteral to enteral
nutrition for patients, high incidence of preterm births and
genetic disorders in pediatric and neonatal patients , rapid growth
in geriatric population and age-related chronic diseases,
increasing prevalence of dysphagia), restraints (complications
associated with enteral feeding devices, lack of patient
awareness), opportunities (high growth opportunities for market
players in developing countries, growing demand for enteral feeding
in the home care sector) and challenges (insufficient reimbursement
policies for enteral nutrition therapy in developing countries,
dearth of skilled professionals and endoscopy specialists)
- Market Penetration: It includes extensive information on
product portfolios offered by the major players in the global
enteral feeding devices market. The report includes various
segments in market type, age group, application, end user and
region
- Product Enhancement/Innovation: Comprehensive details about new
product launches and anticipated trends in the global enteral
feeding devices market.
- Market Development: Thorough knowledge and analysis of the
profitable rising markets by type, age group, application, end user
and region
- Market Diversification: Comprehensive information about newly
launched product and services, expanding markets, current
advancements, and investments in the global enteral feeding devices
market.
- Competitive Assessment: Thorough evaluation of the market
shares, growth plans, offerings of product and services, and
capacities of the major competitors in the global enteral feeding
devices market.
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Get access to the latest updates on Enteral Feeding Devices
Companies and Enteral Feeding Devices Industry
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