Rising Chronic Diseases and Shift from Prenatal Feeding to Infant Feeding is Transforming the Enteral Feeding Devices Market Dynamics
The Enteral Feeding Devices Market Sales is likely to thrive at an average CAGR of 4.0% between 2023 and 2033. The market is anticipated to cross a market share of US$ 4.1 billion by 2033 while it is valued at US$ 2.8 billion in 2023.
- Enteral Feeding Devices are broadly used for transferring nutritional enteral feeding substances to the patient through different channels. Furthermore, the increased healthcare budget post Covid-19 is likely to affect the market during the forecast period.
- The enhanced healthcare infrastructure along with expanding intensive-care units have gained traction in the market in recent years.
- Patients that are on dialysis and are unable to consume through mouth demand Enteral Feeding Devices and substances.
- Along with the pumps, the vendors try to deliver patient-specific devices that provide ease in providing nutrients to the end user.
- The advent of home-based Enteral Feeding Devices for patients suffering from chronic diseases is also pushing the adoption.
- Respiratory diseases have surged after the pandemic as the post-Covid complications. A few of these conditions are also turning chronic, which further demands a feeding solution. Thus, the sales of Enteral Feeding Devices are proliferating.
- The advent of advanced G-tube and pumping system are replacing the gravity & syringe feeding modules, gaining traction for Enteral Feeding Devices such as enteral feeding pumps.
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Enteral Feeding Devices Market Key Points:
- The United States market leads the space in terms of market share. The market is anticipated to cross a value of US$ 1.1 billion by 2033. The regional market is expected to thrive at a CAGR of 4.1% between 2023 and 2033.
- The Chinese Enteral Feeding Devices market leads in terms of CAGR. It thrives at a steady CAGR of 4.9% during the forecast period. The market is likely to reach a value of US$ 495.3 million by 2033. Restructuring of healthcare systems and adoption of advanced healthcare equipment for critical care are the driving factors for the regional market.
- Enteral feeding pump is likely to thrive in the product type category due to easy implementation, and efficient & effective feeding. It is expected to thrive at a CAGR of 5.2 % during the forecast period.
- The hospital segment is expected to top the end-user tally with a CAGR of 3.4% between 2023 and 2033. The growth is attributed to higher budgets and patient traffic.
Enteral Feeding Devices Market Competitive Landscape:
The key players focus on delivering patient-friendly, efficient, and effective feeding solutions. Furthermore, the companies have started introducing integrated systems with nutrition-based formulas to hold a substantial share of the market. Brands also indulged in strategies such as mergers & acquisitions, and partnerships to increase the supply chain and distribution channel.
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Enteral Feeding Devices Market For instance:
- In November 2022, Rockfield medical device received FDA clearance for the mobility and enteral feeding systems. The system is designed for 2 years old and over to deliver the liquid nutrition formula to enteral access.
- ALCOR Scientific has introduced its enteral feeding pump named sentinel plus which holds a bright dual display, dose-checking system, advanced memory, and easy-to-set alarms.
Enteral Feeding Devices Market Major Players:
- Abbott Nutrition
- ALCOR Scientific
- Applied Medical Technology
- B. Braun Melsungen AG
- Boston Scientific
- CONMED Corporation
- Cook Medical
Enteral Feeding Devices Market Key Segments:
By Product Type:
- Enteral Feeding Pumps
- Nasogastric Tubes
- Nasojejunal Tubes
- Percutaneous Endoscopic Gastrostomy (PEG) Kit
- PEG Balloon Kit
- PEG Non-Balloon Kit
- Replacement G-Tubes
- Replacement Balloon G-Tubes
- Replacement Non-Balloon G-Tubes
- Percutaneous Endoscopic Gastro-Jejunostomy (PEGJ) Tubes
- Low-profile Tubes
- Low-profile Balloon Tubes
- Low-profile Non-Balloon Tubes
By Age Group:
- Adult
- Pediatric
By End User:
- Hospital
- Clinic
- Ambulatory Surgical Center
- Home Care Setting
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