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Enteral Feeding Devices Market is anticipated to reach up to USD 7.1 billion, at a CAGR of 6.5% during the forecast period 2021-2031

07-26-2022 09:35 AM CET | Health & Medicine

Press release from: Global Insight Services

Enteral Feeding Devices Market

Enteral Feeding Devices Market

The global enteral feeding devices market was valued at USD 3.8 billion in 2021 and it is anticipated to reach up to USD 7.1 billion by 2031, at a CAGR of 6.5% during the forecast period.

Enteral feeding is the practice of utilizing a feeding tube to administer nutritionally adequate food or medication to a patient's stomach or intestine. In patients with a healthy GI tract, enteral nutrition either complements oral feeding or takes its place entirely. The clinical nutrition sector has been completely transformed by enteral feeding equipment including feeding pumps and tubes, which are especially effective for malnourished patients. During the forecast period, factors include rising healthcare costs, an increase in preterm births, an aging population, an increase in the prevalence of chronic illnesses like diabetes, cancer, gastrointestinal diseases, and neurological disorders, a rise in awareness of enteral nutrition, and quick advancements in healthcare infrastructure in developing nations are anticipated to further propel the market.

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Market Trends and Drivers:

The shift from parenteral to enteral nutrition is likely to boost the growth of the market. Enteral feeding is the practice of administering nutritionally sound food or medication through a feeding tube to a patient's stomach or intestine. In individuals with a healthy gastrointestinal (GI) tract, enteral nutrition replaces oral feeding entirely or supplements it. For patients who are malnourished, enteral feeding equipment such as feeding pumps and tubes have transformed the clinical nutrition sector. During the forecast period, factors include rising healthcare costs, an increase in preterm births, an aging population, an increase in the prevalence of chronic illnesses like diabetes, cancer, gastrointestinal diseases, and neurological disorders, a rise in awareness of enteral nutrition, and quick advancements in healthcare infrastructure in emerging nations are anticipated to further propel the market.

Market Restraints and Challenges:

The most successful and economical method for giving patients clinical nutrition is enteral feeding. The usage of these gadgets does come with a few drawbacks, though, and these contribute to the cost of healthcare. The majority of enteral feeding-related issues are minor, although some are more dangerous than others. Even though they are less common and severe, enteral nutrition's metabolic problems are quite comparable to those that arise with parenteral nutrition. Monitoring carefully can help to lessen or stop these issues. But these worries, along with the mortality linked to these issues, serve as a barrier to the widespread use of enteral feeding devices.

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COVID-19 Impact:

Major segments of the medical device industry, including imaging devices, dental care devices, surgical products, and medical supplies (which together account for between 60 and 75 percent of the market for medical devices), experienced a stagnant or sharp decline in growth rate in 2020 and the first quarter of 2021 as a result of the COVID-19 outbreak. By 2021, the market for medical equipment, including critical care medical devices, would expand by USD 5-7 billion. The need for enteral feeding devices to offer nutritional support in seriously ill COVID positive patients has increased as a result of this pandemic. Additionally, the switch from parenteral to enteral feeding as well as the rising demand for enteral feeding devices in the home care industry are promoting market expansion at this time.

Major Players in the Global Enteral Feeding Devices Market:

The key players in the global enteral feeding devices market are Becton, Dickinson and Company (US), Danone S.A. (France), CONMED Corporation (US), Cardinal Health Inc. (US), Cook Medical (US), Moog Inc. (US), Fresenius Kabi (Germany), Boston Scientific Corporation (US), Vygon Group (France), Nestlé S.A. (Switzerland), B. Braun Melsungen AG (Germany), Avanos Medical Inc. (US), Baxter International Inc. (US), Applied Medical Technology (US), Amsino International Inc. (US), Omex Medical Technology (India), Danumed Medizintechnik (Germany), Medline Industries, Inc. (US), Fuji Systems Corporation (Japan), Kentec Medical Inc. (US), Vesco Medical LLC (US), Dynarex Corporation (US), Medela Inc. (Switzerland), Alcor Scientific (US), and Romsons Group of Industries (India).

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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