Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15 Billion | USD 20 Billion | 11% | 2022 |
The global enteral feeding devices market size was evaluated at $15 billion in 2022 and is slated to hit $20 billion by the end of 2030 with a CAGR of nearly 11% between 2023 and 2030.
An enteral feeding device is a medical instrument used for providing food to individuals who cannot intake, eat, or swallow food by mouth safely and require dietary supplements. Additionally, enteral feeding is referred to as food consumption through the gastrointestinal tract. The gastrointestinal tract includes the esophagus, mouth, duodenum, and intestines. Enteral feeding devices provide medications as well as nutrition to individuals suffering from chronic diseases including malnutrition, gastrointestinal disorders, and cancer. Enteral feeding can supplement the entire calorie intake in individuals. Moreover, enteral feeding devices find a slew of applications in operation theatres, intensive care units, and critical care units as well as in patients suffering from chronic illness.
Rise in occurrence of chronic disorders will drive the global market expansion over the forecast period
Growing occurrence of cancer and neurological diseases will steer the growth of the enteral feeding devices market across the globe. Increasing acceptance of enteral nutrition and a rise in the aging population prone to suffer from chronic ailments can drive the global market trends. An increase in the cases of malnutrition will contribute majorly to the global market earnings in the upcoming years. Rise in the chronic diseases in adults as well as children will further enlarge the scope of the growth of the global market in the years to come. New product developments and technological breakthroughs will pave the way for massive growth of the global market in the upcoming years. For instance, in the first quarter of 2022, Fresenius Kabi, a key player in the healthcare business, introduced a new enteral nutrition product app. The move will boost the expansion of the market in the coming years.
Stringent regulations related to product use can put brakes on the global industry surge over 2023-2030
Strict government laws along with tube dislodgment resulting in accidents can prove to be detrimental in the global enteral feeding devices industry over the upcoming years.
Product innovations can open new growth avenues for the global market over the assessment period
Technological breakthroughs including the launching of G-tubes and J-tubes with reverse balloon designs will open new growth opportunities for the enteral feeding devices market across the globe.
Increase in product prices can create a big hurdle in the growth of the global industry by 2030
Rise in product costs owing to an increase in raw material prices can prove to be a huge challenge for the global enteral feeding devices industry.
The global enteral feeding devices market is sectored into application, age group, end-user, product, and region.
In product terms, the global enteral feeding devices market is segregated into enteral syringe, enteral feeding pump, giving set, enteral feeding tube, and consumable segments. Furthermore, the enteral feeding pump segment, which accumulated nearly 52% of the global market revenue share in 2022, is predicted to register the fastest CAGR in the forecast timespan. The segmental surge in the forecasting timespan can be owing to the safety of pumps and its ability to provide nutritive food to the people.
Based on the age group, the global enteral feeding devices industry is sectored into adult and pediatric segments. Moreover, the adult segment, which garnered a huge share of the global industry in 2022, is anticipated to lead the global industry over the assessment timeline. The segmental expansion over the projected timespan can be subject to a rise in the demand for enteral feeding devices by the global adult population.
In terms of application, the global enteral feeding devices market is divided into gastrointestinal disease, cancer, malnutrition, and neurological disorder segments.
Based on the end-use, the global enteral feeding devices industry is segmented into hospital, ambulatory surgical center (ASCs), and home care segments.
Report Attributes | Report Details |
---|---|
Report Name | Enteral Feeding Devices Market |
Market Size in 2022 | USD 15 Billion |
Market Forecast in 2030 | USD 20 Billion |
Growth Rate | CAGR of 11% |
Number of Pages | 215 |
Key Companies Covered | Vygon India, Conmed Corporation, Boston Scientific Corporation, Fidmi Medical, Moog Inc., Cook Medical, Fresenius Kabi AG, Applied Medical Technology Inc., C.R.Bard Inc., Avanos Medical Inc., B Braun Melsungen AG, Amsino International Inc., Kimberly-Clark, ALCOR Scientific, Cardinal Health, Abbott Nutrition, Danone Medical Nutrition., and others. |
Segments Covered | By Age-Group, By Product, By End-User, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is anticipated to maintain its global market leadership position over the expected timeline
North America, which contributed about 60% of the global enteral feeding devices market revenue in 2022, will be a leading region over the projected period. The growth of the market in the region can also be ascribed to a surging aging population, which is more prone to chronic disorders that result in various diseases such as GI disorders, metabolic ailments, and neurological diseases. Apart from this, the rise in premature infants needing critical care in the countries of the region will drive the regional market trends.
The Asia-Pacific enteral feeding devices industry is set to register the fastest CAGR in the next couple of years owing to a rise in the demand for products in hospitals and clinics with urban and rural populations suffering from malnutrition in countries such as Indonesia, India, Bangladesh, and China.
The global enteral feeding devices market profiles key players such as:
By Age-Group
By Product
By End-User
By Application
FrequentlyAsked Questions
An enteral feeding device is a medical instrument used for providing food to individuals who cannot intake, eat, or swallow food by mouth safely and require dietary supplements.
The global enteral feeding devices market growth can be owing to a prominent surge in the demand for over-the-counter diagnostic tests and point-of-care testing.
According to a study, the global enteral feeding devices industry size was $15 billion in 2022 and is projected to reach $20 billion by the end of 2030.
The global enteral feeding devices market is anticipated to record a CAGR of nearly 11% from 2023 to 2030.
The Asia-Pacific enteral feeding devices industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the demand for products in hospitals and clinics with urban and rural populations suffering from malnutrition in countries such as Indonesia, India, Bangladesh, and China.
The global enteral feeding devices market is led by players such as Vygon India, Conmed Corporation, Boston Scientific Corporation, Fidmi Medical, Moog Inc., Cook Medical, Fresenius Kabi AG, Applied Medical Technology, Inc., C.R.Bard Inc., Avanos Medical, Inc., B Braun Melsungen AG, Amsino International, Inc., Kimberly-Clark, ALCOR Scientific, Cardinal Health, Abbott Nutrition, and Danone Medical Nutrition.
The global enteral feeding devices market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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