Enteral Feeding Devices Industry was valued at USD 2.85 billion in 2023 and is projected to reach USD 4.93 billion by 2031, growing at a CAGR of 7.13% from 2024 to 2031.
Market Overview:-
Enteral feeding devices are essential for providing nutrition to patients who are unable to ingest food orally. These devices include enteral feeding tubes, pumps, administration sets, and syringes, which cater to various medical conditions such as oncology, gastroenterology, neurological disorders, and diabetes.
Key Companies in Enteral Feeding Devices:
Braun SE
Abbott
Boston Scientific Corporation
Conmed Corporation
Becton, Dickinson and Company (BD)
Cardinal Health Inc.
Avanos Medical, Inc.
Neomed
Cook Medical
Baxter
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Key Market Drivers:-
Rising Prevalence of Chronic Diseases: The increasing incidence of chronic diseases such as cancer and neurological disorders necessitates the use of enteral feeding devices. Patients suffering from these conditions often require long-term nutritional support, thereby driving the demand for these devices.
Advancements in Healthcare Infrastructure: Technological advancements in healthcare facilities have improved the accessibility and efficiency of enteral feeding devices. Modern hospitals and clinics are increasingly adopting these devices to enhance patient care.
Preference for Home Care Settings: There is a growing trend towards home healthcare, driven by the need to reduce hospital stays and associated costs. Enteral feeding devices designed for home use are gaining popularity, providing patients with the convenience of receiving care in a familiar environment.
Market Segmentation:-
The Enteral Feeding Devices Market is segmented based on product type, age group, application, and end use.
By Product Type: The market is categorized into enteral feeding tubes, enteral feeding pumps, administration sets, enteral syringes, and others. Enteral feeding tubes are expected to hold the maximum market share, with a forecasted revenue of USD 1.74 billion by 2031.
By Age Group: The market is divided into adult and pediatric segments. The adult segment dominates the market, driven by the higher prevalence of chronic diseases in the adult population.
By Application: The applications of enteral feeding devices span oncology, gastroenterology, neurological disorders, diabetes, and other medical conditions. Oncology and gastroenterology are the leading applications due to the high nutritional needs of patients in these categories.
By End Use: The end-use segments include hospitals, home care settings, and ambulatory care settings. Hospitals currently lead the market, but home care settings are witnessing rapid growth due to the shift towards home-based healthcare.
Regional Insights:-
North America: North America is the largest market for enteral feeding devices, attributed to advanced healthcare infrastructure, high healthcare expenditure, and a significant number of chronic disease patients.
Asia-Pacific: Asia-Pacific is the fastest-growing region, with a projected CAGR of 8.4% during the forecast period. Factors such as increasing healthcare awareness, improving healthcare facilities, and a rising geriatric population contribute to the market growth in this region.
Future Outlook:-
The Enteral Feeding Devices Market is poised for substantial growth in the coming years, driven by the increasing demand for advanced medical devices, rising awareness about enteral nutrition, and the growing trend of home healthcare. Market players are expected to invest in research and development to introduce innovative products and expand their market presence globally.
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