Enteral Feeding Devices Market worth $4.9 billion by 2026 - Growth Opportunities and Latent Adjacency

According to the new market research report "Enteral Feeding Devices Market by Type (Feeding Tube (Gastrostomy, Jejunostomy), Feeding Pump, Giving Set), Age Group (Adult, Pediatric), Application (Diabetes, Neurological Disorder, Cancer), End User (Hospital, ACS, Home Care) - Global Forecast to 2026", published by MarketsandMarkets™, the global Enteral Feeding Devices Market is projected to reach USD 4.9 billion by 2026 from USD 3.5 billion in 2021, growing at a CAGR of 6.6% during the forecast period.

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Factors such as rising healthcare costs; a surge in the number of preterm births; growth in the aging population; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders; growing awareness of enteral nutrition; and rapid improvements in healthcare facilities in emerging countries are expected to further drive the market during the forecast period. Moreover, the shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding devices in home and ambulatory care settings are also expected to drive the market in the coming years. However, patient safety risks; rising cases of feeding and medication errors; and the complications associated with enteral feeding tubes such as misconnections, tube dislodgement, and infections are restricting the growth of this market to a certain extent. In addition, insufficient or lack of reimbursements in some developing and underdeveloped countries and a dearth of trained physicians, endoscopists, and nurses across the globe pose significant challenges for the growth of this market.

Due to the COVID-19 outbreak, major sections of the medical devices industry-imaging devices, dental care devices, surgical products, and medical supplies (contributing 60-75% to the overall medical devices market)-registered a stagnant or deep fall in the growth rate in 2020 and the first quarter of 2021. A new USD 5-7 billion market opportunity (by 2021) is opening up in the medical devices industry, including critical care medical devices.

This pandemic has increased demand of enteral feeding devices to provide nutritional support in critically ill COVID positive patients. Moreover, the increasing demand for enteral feeding devices in the home care sector, along with the shift from parenteral to enteral feeding, is aiding market growth during this period.

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The enteral feeding tubes segment holds the largest market share during the forecast period.

Based on type, the Enteral Feeding Devices Market is segmented into enteral feeding tubes, administration sets, enteral syringes, enteral feeding pumps, and consumables. In 2020, the enteral feeding tubes segment accounted for the largest share of the Enteral Feeding Devices Market, followed by administration sets. The administration sets segment is expected to grow at the highest CAGR during the forecast period. The shift towards enteral feeding from parental feeding and increasing cases of cancer are expected to increase the adoption of enteral feeding devices, which, in turn, will increase the demand for administration sets across the globe.

The adult patients segment holds the largest market share during the forecast period

Based on age group, the Enteral Feeding Devices Market is segmented into adult patients (18 years and over) and pediatric patients (neonates under 1 month, infants between 1 month and 2 years of age, children between 2 and 12 years, and adolescents between 12 and 16 years). In 2020, adult patients accounted for the largest market share. This can be attributed to the growing incidence of chronic diseases and disorders resulting in malnutrition and the rapid increase in the geriatric population.

In the end user segment, hospital segment is expected to grow at the largest share in the Enteral Feeding Devices Market

Hospitals, home care settings, and ambulatory care settings are the major end users in the Enteral Feeding Devices Market. The hospitals segment accounted for the largest market share in 2020. The development of technologically advanced enteral feeding devices and the shift from parenteral nutrition to enteral nutrition are supporting the growth of the hospitals segment.

The home care settings segment is expected to register the highest growth during the forecast period. The increasing pressure on hospitals to curtail soaring healthcare costs, the development and availability of user-friendly feeding devices, and the favorable reimbursement policies for home enteral nutrition (HEN) are some of the key factors supporting the growth of this end-user segment.

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Oncology segment is expected to account for the largest share in the Enteral Feeding Devices Market

In 2020, the oncology segment accounted for the largest share of the Enteral Feeding Devices Market, followed by gastrointestinal diseases, neurological disorders diabetes, hypermetabolism, and other applications. The oncology segment will continue to dominate the market by 2026, growing at a CAGR during the forecast period. The increase in the prevalence of various types of cancers-especially head & neck cancers, cancers of the gastrointestinal system, lung cancer, and liver cancer-is expected to play a major role in the higher adoption of enteral feeding devices used to provide clinical nutrition to cancer patients.

APAC is expected to grow at the highest growth rate in 2020

During the forecast period, the Asia Pacific is estimated to be the fastest-growing regional market for enteral feeding devices. Factors such as the increasing number of preterm births, rising geriatric population, growing awareness of enteral nutrition, and the rapid development of healthcare facilities in several APAC countries are driving the growth of this market. Key players have shifted their focus to emerging economies in these regions and are focusing on expansions and acquisitions to garner a greater market share in the coming years.

Key players in the Enteral Feeding Devices Market

The prominent players in the 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), and Baxter International Inc. (US). Other players in the Enteral Feeding Devices Market are 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).

Mr. Aashish Mehra
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