Enteral Feeding Devices Market is expected to reach USD 5.49 billion by 2030
Enteral Feeding Devices Market research report is useful in collecting information on consumers from structured distribution research and helps in making marketing customer oriented. By using promotional research to study media mix, advertising effectiveness, and integrated communication tools the report has been generated. Such market insights help in promoting effectively a company’s product in the market. Market report helps to comprehend the demands of customers, detect more business opportunities, plan the perfect marketing campaign, minimize losses, and keep track of the competition. Enteral Feeding Devices Market report allows organizations to classify their objectives while following the current trends and take advantage by reaching out to their target audience.
Cancer has a significant impact on society, not only in the United States, but around the world. In 2018, an estimated 1,735,350 new cases of cancer were diagnosed in the United States, with 609,640 people dying from the disease. Enteral Feeding Devices aid in feeding a cancer patient. In patients with a functional gastrointestinal system, enteral feeding is usually preferred over parenteral nutrition due to the associated risks of the intravenous route, higher cost, such a factor helps in the growth of enteral feeding devices market.
Data Bridge Market Research analyses that the enteral feeding devices market which is USD 3.29 billion in 2022, is expected to reach USD 5.49 billion by 2030, at a CAGR of 6.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Enteral feeding is ingesting food through the gastrointestinal tract, including oral and tube feeding. These feedings are typically used when a person is unable to meet his or her body’s nutritional requirements. The most common enteral feeding devices are the nasogastric tube (NGT), the orogastric tube (OGT), the jejunostomy tube, the nasoenteric tube, and the oroenteric tube. These tubes help patients get the nutrition their bodies need while also keeping their GI tract working.
Drivers
- High incidences of diabetes have increased the adoption rate of enteral feeding devices
A dietitian strongly recommends enteral feeding for diabetic patients in order to meet the individual’s nutritional needs. Diabetes cases are increasing at an alarming rate around the world, and this trend is expected to continue in the near future. According to International Diabetes Federation data, the global diabetes incidence is expected to rise from 460 million in 2019 to more than 500 million by 2026. It is expected to play a significant role in the high demand for enteral feeding devices, which will drive market growth.
- Rise in the elderly population
The world’s population is ageing rapidly, with a steady increase in the population aged 60 and up. Disease prevalence is driving the growth of the enteral feeding devices market. Because of the need for treatment supported by enteral feeding devices, the increasing demand from patients who rely on feeding devices is expected to drive the growth of the enteral feeding devices market.
Opportunities
- Increased availability of home enteral nutrition
The market for enteral feeding equipment has shifted from hospital treatment to home enteral nutrition, and this trend is expected to continue. Due to the rising costs of hospital stays, professionals involved in treating patients who require nutritional assistance for extended periods are frequently persuading patients to choose home enteral nutrition. The home enteral nutrition industry’s growth is significantly impacting the market for enteral feeding devices.
Restraints/Challenges
- Complications associated with enteral feeding
According to the National Center for Biotechnology Information, gastrostomy and jejunostomy feeding tubes are commonly implanted and used for long-term home enteral nutrition support. Although the insertion of these tubes is usually associated with minor morbidity, long-term use can result in a variety of problems and diseases that can reduce quality of life and have serious financial consequences. All of these factors contribute to the region’s slow expansion of the enteral feeding devices market.
This enteral feeding devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the enteral feeding devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2021, Enteral Access Technologies (EAT), a medical device company based in Liverpool, received the CE Mark for its DoubleCHEK device, allowing the company to market the patient safety product throughout Europe.
- In 2021, Vonco Products’ EnteraLoc Flow direct-connect enteral nutritional delivery system received 510(k) clearance from the US Food and Drug Administration (USFDA). The system includes a leak-proof pouch, Vonco’s direct-connect ENFit device, and a tube for food delivery. It can provide nutrition in either a hospital or home care setting and can be tailored to meet most dietary requirements.
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Some of the major players operating in the enteral feeding devices market are:
- Nutricia (Netherlands)
- Hormel Foods Corporation (U.S.)
- Medline Industries, Inc. (U.S.)
- Mead Johnson & Company, LLC. (U.S.)
- Nestlé Health Science (Switzerland)
- Abbott (U.S.)
- Meiji Holdings Co., Ltd. (Japan)
- Fresenius Kabi AG (Germany)
- B. Braun SE (Germany)
- Trovita Health Science (U.S.)
- Victus Inc. (U.S.)
- Avanos Medical Inc. (U.S.)
- Cardinal Health (U.S.)
- Moog Inc (U.S.)
- Conmed Corporation (U.S.)
- Cook Medical (India)
Enteral Feeding Devices Market Scope
The enteral feeding devices market is segmented on the basis of type, age group, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Enteral Feeding Pumps
- Enteral Feeding Tube
- Enterostomy Feeding Tubes
- Standard Tubes
- Standard Gastrostomy Tubes
- Standard Jejunostomy Tubes
- Standard Gastrojejunostomy Tubes
- Low-profile Tubes
- Nasoenteric Feeding Tubes
- Nasogastric Feeding Tubes
- Nasojejunal Feeding Tubes
- Nasoduodenal Feeding Tubes
- Oroenteric Feeding Tubes
- Administration Sets
- Enteral Syringes
- Other Consumables
Age Group
- Adult
- Pediatrics
Application
- Oncology
- Head and Neck Cancers
- Stomach and GI Cancers
- Liver Cancer
- Pancreatic Cancer
- Esophageal Cancer
- Other Cancer
- Gastroenterology
- Neurology
- Diabetes
- Hypermetabolism
- Others
End User
- Hospital
- Homecare Setting
- Ambulatory Care Settings
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Critical Insights Related to This Market Included in the Report:
- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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