The enteral feeding devices market size is predicted to reach over US$ 4.72 billion by 2028 from USD 3.16 billion in 2021 and growing at a CAGR of 5.9% from 2022 to 2030.
The enteral feeding devices market size is predicted to reach over US$ 4.72 billion by 2028 from USD 3.16 billion in 2021 and growing at a CAGR of 5.9% from 2022 to 2030.
Growth Factors
An enteral feeding device is a medical device that helps patients who cannot eat by mouth, cannot swallow comfortably, or need nutritional supplementation. Furthermore, enteral feeding refers to food intake through the gastrointestinal system. The stomach, mouth, esophagus, and intestines make up the gastrointestinal tract. The COVID-19 epidemic has resulted in an immediate demand for additional enteral feeding devices, forcing device producers to adjust to the fluctuating demand attitudes. As feeding tube misplacement can result in substantial patient injury, enteral feeding device market players are creating feeding tubes to address these difficulties.
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The key market players are investing more in enteral feeding systems that incorporate carbon dioxide and pH indicators as well as a patented valving mechanism to assist clinicians securely and swiftly implant gastric tubes in any setting. The enteral feeding tubes with electromagnetic tracking technology provide real time visibility and directional advice to healthcare support professionals while inserting the tube. The largest target population for the enteral feeding devices market is the growing senior population suffering from neurological disorders.
Report Highlights:
- Based on the product type, the enteral feeding pump segment dominated the global enteral feeding devices market in 2020 with largest market share. In the near future, the low profile gastrotomy devices are expected to grow, which is driving the growth of the enteral feeding pumps segment.
- On the basis of age group, the adults segment holds the largest market share the global enteral feeding devices market in 2020. Although enteral feeding is more common among pediatrics and adults, the adults segment is expected to create a higher growth rate throughout the forecast period.
- By application, the cancer segment is the largest segment in the enteral feeding devices market. The head and neck cancer, esophageal cancer, pancreatic cancer, liver cancer, and gastrointestinal cancer make up the cancer segment part.
- By end user, the hospitals segment is the largest segment in the enteral feeding devices market. The rising pressure to contain rising healthcare costs, major innovations and availability of easy-to-use feeding equipment and favorable reimbursement scenarios for home enteral nutrition will all help to drive the segment forward.
- North America is the largest segment for enteral feeding devices market in terms of region. This is due to a number of factors including an increase in the prevalence of lifestyle disorders like autism, diabetes, and cancer as well as an increase in the geriatric population, which is more susceptible to chronic disorders that cause a variety of ailments like neurological disorders, digestive disorders, and organ failure.
- Asia-Pacific region is the fastest growing region in the enteral feeding devices market. The number of hospitalizations is predicated to rise, as is the senior population, the number of malnutrition patients and the number of premature births.
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Future of Enteral Feeding Devices Market
The cancer is the most common disease in poor nations. The malnutrition must be treated with enteral feeding in these cancer patients. As a result of the increased potential in these emerging nations, the market value of enteral feeding devices is expanding. In addition, players in the enteral feeding devices market are adopting these chances to develop more profitable goods for patients.
COVID-19 Impact Analysis:
- The COVID-19 pandemic has become an extraordinary public health threat, with severe implications for the enteral feeding devices market.
- The number of people has been afflicted by the COVID-19 outbreak, which has resulted in considerable deaths around the world.
- To prevent the spread of the coronavirus, statewide lockdowns were implemented and emergency declarations were issued in the majority of nations.
Key Developments in the Marketplace:
- Fresenius Kabi completed the expansion of its factory in Brazil, in October 2019. The company’s parental nourishment production will expand by 30% as a result of this expansion.
- B. Braun Melsungen launched new production plants and administrative buildings in Malaysia, in April 2018 to expand its infusion therapy, surgical instrument manufacturing capabilities, and pharmaceutical solutions.
- Nestle SA built a new product technology center in U.S., in December 2018.
- The G-JET enteral feeding tube was added to the G-JET product portfolio by Applied Medical Technology Inc. in June 2020. This growth aided the company in increasing sales because the goods offer a wide range of enteral feeding systems.
- The VIPUN Gastric Monitoring System will be commercialized by Baxter International and VIPUN Medical in July 2020. This device includes a smart enteral feeding tube that measures stomach motility to assist physicians in detecting enteral feeding intolerance and making better nutrition therapy recommendations.
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