Enteral Feeding Devices Market to Experience CAGR of 5.9% through 2030

Precedence Research has published a new report titled, "Enteral Feeding Devices Market (By Product Type: Administration Sets, Enteral Feeding Pump, Enteral Syringe, Enteral Feeding Tube, and Others; By Age Group: Pediatrics and Adult; By Application: Gastrointestinal Disease, Cancer, Malnutrition, Neurological Disorder, and Others; By End User: Ambulatory Surgical Center (ASCs), Hospital, Home Care, and Others) - Global Market Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts 2021 - 2030". According to the study, the global enteral feeding devices market is expected to reach a market size of US$ 5.24 Billion by the end of 2030 and register a high revenue CAGR of 5.9% from 2021 to 2030.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, and the overall market environment.

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Growth Factors

Integration of safety and programming features within the feeding devices, development of portable feeding devices, growing number of preterm child birth, increasing healthcare expenditure, and increasing geriatric population are among major factors boosting growth of the global industry. Additionally, increasing prevalence of chronic ailments such as cancer and diabetes is fueling growth of the enteral feeding devices market worldwide. Moreover, rapidly increasing awareness regarding enteral feeding is having positive impact on the growth of global industry. Further, increased focus on the improvement of healthcare infrastructure in developing regions and growing investment by major market players on research and development are other factors to boost growth of the global market during the forecast time frame.

Technological progressions have led to the growth of portable and compact enteral feeding devices, which are built using constituents that circumvent cracking in high-stress usage. Innovative aspects in pumps comprise occlusion compression alarm choices, suitable programming choices, multiple language possibilities, automated flushing intermissions, history of earlier feed rates, and program and screen lock-out option to prevent manipulation. Advances in device structure according to the demand of healthcare workers and patients and progress in the home-based healthcare industry, permitting enteral feeding of supplements to affected people in home-settings, has augmented interest in the enteral feeding equipment. Moreover, it helps maintain small intestinal and pancreatic functions, shortens healing and recovery duration, decreases the obliteration and wastage of muscles, and declines the risk of contamination and infection. Furthermore, the enteral nutrition costs almost 40% less than the parenteral method; this is a crucial factor that is driving the progress of the industry.

Report Highlights:

• Based on product type segment, enteral feeding pump segment reported largest revenue in 2020. This is accredited to increasing usage of enteral feeding devices adult and pediatric population. Further, technological advancements in the feeding pumps are expected to boost the growth of the segment in the near future.
• On the basis of application, cancer accounted for the weighty share in the target industry. This is due to the high incidence of cancer globally.
• Based on end user segment, hospitals accounted for the largest revenue with significant portion in estimate period of time. Factors such as accessibility of latest equipment’s and availability of funds are driving growth of the segment.
• Fresenius Kabi and B.Braun are the leading companies contributing significantly to the target industry owing to the launch of various innovative products all around the world.

Key Players:

The enteral feeding devices market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Top Manufacturers in the enteral feeding devices market are

• Cook Medical
• Abott Laboratories
• Fresenius Kabi
• Halyard Health
• Medtronic
• Moog, Inc
• Nestle Health Science
• VYGON
• Danone
• Cardinal Health
• Braun
• Boston Scientific
• R. Bard
• Conmed Corporation

Market Segmentation

By Product Type

• Administration Sets
• Enteral Feeding Pump
• Enteral Syringe
• Enteral Feeding Tube
• Others

By Age Group

• Pediatrics
• Adult

By Application

• Gastrointestinal Disease
• Cancer
• Malnutrition
• Neurological Disorder
• Others

By End User

• Ambulatory Surgical Center (ASCs)
• Hospital
• Home Care
• Others

By Geography

• North America
• • • U.S.
    • Canada
• Europe
  • • Germany
    • France
    • United Kingdom
    • Rest of Europe
• Asia Pacific
  • • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
• Latin America
  • • Brazil
    • Rest of Latin America
• Middle East & Africa (MEA)
  • • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa

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