Thursday, March 28, 2024

Enteral Feeding Devices Market detailed strategies, Competitive Landscaping, developments for Upcoming years

Market Overview

The global Enteral Feeding Devices Market size is predicted to meet the market value of USD 6.01 Billion by 2032 at a 5.10% CAGR for the forecast period of 2023 to 2032.

The Enteral Feeding Devices Market is witnessing significant growth, driven by the rising prevalence of chronic diseases and the increasing aging population globally. Enteral feeding devices play a crucial role in providing essential nutrients to patients who are unable to consume food orally. Among these devices, enteral feeding pump accessories emerge as integral components, ensuring the safe and effective administration of nutrition. These accessories encompass a range of products such as tubing, syringes, connectors, and feeding bags, among others, designed to facilitate the delivery of enteral nutrition with precision and convenience. As healthcare facilities focus on improving patient outcomes and enhancing operational efficiency, the demand for advanced enteral feeding pump accessories continues to rise.

Innovations in enteral feeding pump accessories are reshaping the landscape of enteral feeding devices, offering enhanced functionality, compatibility, and patient comfort. Manufacturers are increasingly investing in research and development to introduce accessories that minimize the risk of complications, improve ease of use, and optimize patient care. Moreover, the growing adoption of home-based enteral nutrition therapies is further propelling the demand for user-friendly enteral feeding pump accessories that enable patients and caregivers to manage feeding regimens effectively outside clinical settings. As a result, the enteral feeding pump accessories segment is anticipated to witness substantial growth within the broader enteral feeding devices market, reflecting the evolving needs of patients and healthcare providers alike.

Segmentation:

The global enteral feeding devices market has been segmented on the basis of product, age group, indication, end user, and region. 

  • By product, the market has been segmented into enteral feeding tubes, enteral feeding pumps, enteral syringes, administration sets, and consumables. The enteral feeding tubes segment is further categorized into enterostomy feeding tubes, nasoenteric feeding tubes, and oroenteric feeding tubes. The enterostomy feeding tubes segment is additionally divided into gastrostomy tubes, jejunostomy tubes, and gastrojejunostomy tubes. The nasoenteric feeding tubes segment is further classified into nasogastric feeding tubes, nasojejunal feeding tubes, and nasoduodenal feeding tubes. The enteral feeding pumps segment is expected to dominate the market throughout the forecast period due to low risk of complications with the use of feeding pumps, enhanced portable pump designs, and the increasing adoption of pumps in hospitals and home care settings.
  • On the basis of age group, the market has been divided into adults and pediatrics. 
  • By indication, the market has been classified into cancer, gastrointestinal diseases, diabetes, neurological disorders, hypermetabolism, and others. The cancer segment is further categorized into gastrointestinal cancer, head & neck cancer, liver cancer, pancreatic cancer, esophageal cancer, and others. 
  • Based on end user, the market has been categorized into hospitals, home care settings, and ambulatory surgery centers (ASCs). 

Major players in the global enteral feeding devices market are likely to focus on developing products that fit regulatory standards and enable steady growth for the company in the market. The growing scope for the medical devices sector in Asia Pacific is likely to be a key factor for the global enteral feeding devices market over the forecast period. 

Competitive Analysis:

Leading Enteral Feeding Devices Companies include:  

  • Medtronic plc,
  • Cook Medical,
  • Braun Melsungen AG,
  • Abbott Laboratories,
  • Boston Scientific Corporation,
  • Becton,
  • Dickinson and Company (BD),
  • Fresenius Kabi AG,
  • Danone Nutricia,
  • NestlĂ©,
  • CONMED Corporation,
  • Moog, Inc.,
  • Halyard Health, Inc., and
  • Vygon SA.

Regional Analysis

The Global Enteral Feeding Devices Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Enteral Feeding Devices Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Enteral Feeding Devices Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Enteral Feeding Devices Market comprises of Middle East, Africa, and Latin America.

In 2021, North America held the largest market share in the Enteral Feeding Devices market. The region is expected to witness increased demand for enteral feeding systems due to the rising burden of chronic diseases, an aging population, and an increase in surgical procedures, emphasizing the need to meet the nutritional requirements of individuals unable to consume and digest food.

Asia-Pacific captured the second-largest market share in 2021. The market in this region is experiencing growth driven by the growing incidence of various disorders and severe illnesses that can lead to malnutrition, initiatives promoting the use of enteral nutrition, and the implementation of regulations for the proper utilization of enteral nutrition in the care of newborns and the elderly.

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