Enteral Feeding Devices Market size to grow by USD 1.36 billion from 2022-2027, North America to account for 46% of market growth, Technavio

NEW YORK, March 3, 2024 /PRNewswire/ -- The enteral feeding devices market size is expected to grow by USD 1.36 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of  6.42% during the forecast period, according to Technavio Research. The market has been segmented by End-user (Hospitals and home care), Product (Accessories and Enteral pumps), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America will contribute 46% to the growth of the global market during the forecast period. Various factors, such as the rising prevalence of chronic conditions such as cancer and neurological disorders, the increasing number of product launches with technological advances, the increasing presence of regional and global market players, and initiatives by government and non-profit organizations to create awareness about enteral feeding drive the growth of the market in the region. View PDF Sample

Company Profile:

ALCOR Scientific, Amsino International Inc., Applied Medical Technology Inc., Avanos Medical Inc., B.Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Canafusion Technologies Inc., Cardinal Health Inc., Conmed Corp., Cook Group Inc., Danone SA, Fresenius SE and Co. KGaA, HMC Premedical Spa, Medela AG, Medline Industries LP, Moog Inc., Shenzhen Bestman Instrument Co. Ltd., Trendlines Group Ltd., Vygon SAS

ALCOR Scientific: The company offers SENTINELplus Enteral Feeding Pump with dual display and simple alarms. To gain access to more vendor profiles available with Technavio, buy the report!

Segmentation Analysis

By end user, the growth of the hospitals segment is significant during the forecast period. Factors like the rise in the global aging population have resulted in higher rates of age-related conditions and illnesses that need hospitalization. Furthermore, owing to the compromised nutritional intake of elderly patients, enteral feeding devices have become essential to maintain their health during hospital stays. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View PDF Sample

The increasing prevalence of chronic conditions and preterm birth

There are rising chronic conditions such as cancers neurological conditions, and preterm births across the globe. This drives the growth of the market. Also, there is an increasing prevalence of oral cancer which develops on the tongue, oral mucosa, mouth, and oropharynx. Habits like smoking and frequent consumption of alcohol are some of the major factors attributed to the growth of oral cancer. Hence, such factors drive the growth of the enteral feeding devices market during the forecast period. Download to gain access to this information.

Analyst Review

The market is witnessing substantial growth globally, driven by an increasing prevalence of chronic diseases, such as cancer and genetic disorders, alongside rising incidences of preterm births. This surge in demand is particularly notable in pediatric and neonatal patients, where enteral nutrition plays a crucial role in supporting their nutritional needs.

Enteral feeding devices encompass a range of equipment essential for the delivery of nutrients directly into the gastrointestinal tract. These devices include enteral feeding tubes and feeding pumps, which are instrumental in ensuring precise and controlled nutrient delivery, especially in cases requiring bolus delivery or continuous infusion.

The market growth is also propelled by advancements in R&D initiatives aimed at enhancing the efficacy and safety of enteral feeding devices. This includes innovations in enteral feeding tube design to minimize complications associated with long-term usage, particularly in adult and geriatric populations with chronic diseases.

Moreover, the rising incidence of head and neck cancer underscores the importance of enteral feeding devices in oncology applications. Patients undergoing treatments like chemotherapy or radiation often face difficulties in oral intake, necessitating the use of enteral nutrition methods to maintain adequate nutritional support.

While developed regions like North America and Europe continue to dominate the market, there is a notable shift towards emerging countries in the Asia Pacific region. Factors such as increasing healthcare expenditure, growing awareness about reimbursement policies, and improving healthcare infrastructure are driving market penetration in these regions.

Furthermore, the market landscape is influenced by evolving trends in human milk usage, especially in pediatric patients and those with conditions like Prader-Willi Syndrome. Enterostomy feeding tubes are also gaining traction, particularly in developing countries, where access to specialized healthcare services may be limited.

As the demand for enteral feeding devices continues to rise, stakeholders are increasingly focused on addressing challenges such as ensuring product affordability and minimizing healthcare costs associated with long-term usage. Overall, the market presents lucrative opportunities for manufacturers and healthcare providers alike, with potential for significant growth in the years to come. Download to gain access to this information.

Related Reports:

The automated feeding systems market is estimated to grow at a CAGR of 6.85% between 2023 and 2027, and the size of the market is forecast to increase by USD 2,203.53 million. This report extensively covers market segmentation by type (conveyor feeding systems and self-propelled feeding systems), product (hardware, software, and services), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The rising population of cattle in farms is the key factor driving the global automated feeding systems market growth.

The Global Livestock Feeding Systems Market size is estimated to increase by USD 2,583.84 million between 2022 and 2027  accelerating at a CAGR of 7.12%. This report extensively covers market segmentation by Application (poultry, ruminants, swine, and others), Technology (manual, automated, robotic, and others), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). The global market for automated livestock feeding systems is being driven by the increasing population of cattle on farms. 

ToC:

1 Executive Summary
2 Landscape
3 Sizing
4 Historic Size
5 Five Forces Analysis
6 Segmentations
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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