Press release
Global Enteral Feeding Devices Market 2023: Shift Towards Home-based Care to Play a Prominent Role in Growth
Enteral Feeding Devices Market witnessed a CAGR of 4.4% between 2013 and 2021. The global Enteral Feeding Devices Market is expected to grow at a rate of 4.8% between 2022 and 2028. In 2022, the global Enteral Feeding Devices Market size was worth US$ 2,619.6 million, which is projected to reach US$ 3,467 million by the year 2028.
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One of the key drivers for the growth of the enteral feeding devices market is the increasing prevalence of chronic diseases and conditions that require long-term enteral nutrition support. Conditions such as cancer, stroke, neurological disorders, and gastrointestinal disorders often lead to difficulty in swallowing or an inability to take in adequate nutrition orally. Enteral feeding devices offer a safe and effective way to deliver the necessary nutrients directly to the gastrointestinal tract, ensuring optimal nutrition and reducing the risk of malnutrition.
Companies
Abbott Nutrition
ALCOR Scientific
Applied Medical Technology
B. Braun Melsungen AG
Boston Scientific
CONMED Corporation.
Cook Medical
Cardinal Health, Inc.
Becton, Dickinson and Company
Fresenius Kabi
Owens & Minor, Inc. (Halyard Health)
Medline
Moog
Nestlé Health Science
Danone SA
Vygon SA
Amsino International, Inc.
Fuji Systems Corp
Neomed
Smiths Medical (Smiths Group)
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Advancements in enteral feeding device technology have played a significant role in market growth. Manufacturers are developing innovative devices that enhance patient comfort, ease of use, and safety. These devices include enteral feeding pumps, feeding tubes, administration sets, and accessories. The introduction of smaller, more flexible feeding tubes and improved pump technology has improved patient tolerance and ease of administration, increasing the adoption of enteral feeding devices.
The aging population and the associated increase in the prevalence of chronic diseases have contributed to market growth. With a larger proportion of elderly individuals who may experience difficulties with oral intake, there is a higher demand for enteral feeding devices. As the elderly population continues to grow, the need for enteral nutrition support is expected to increase, driving market expansion.
Home-based enteral nutrition has gained prominence in recent years, contributing to the growth of the enteral feeding devices market. Many patients prefer receiving enteral nutrition in the comfort of their own homes rather than staying in healthcare facilities. Home-based enteral nutrition allows for greater independence and improved quality of life. The availability of user-friendly enteral feeding devices, along with training and support from healthcare professionals, has facilitated the growth of home-based enteral nutrition programs.
Reimbursement policies and insurance coverage for enteral nutrition and associated devices have also influenced market growth. Adequate reimbursement ensures accessibility to enteral feeding devices and encourages their utilization. Government healthcare programs and private insurance companies play a crucial role in supporting patients who require enteral nutrition, thereby driving market growth.
Competitive Landscape
Enteral Feeding Devices industry is very competitive and highly consolidated due to the presence of large players. These players are focusing on mergers and strategic alliances as the industry is in the growth phase. Companies are making strategic decisions to launch new products to capitalize and grow their market share.
Recent Developments:
In September 2021, Enteral Access Technologies (E.A.T.), a medical device company based in Liverpool, received the CE Mark for its DoubleCHEK device, which enables the company to market the patient safety product in all the European countries.
In September 2021, Vonco Products' EnteraLoc Flow direct-connect enteral nutritional delivery system received 510(k) clearance from the United States Food and Drug Administration (USFDA). The system features a pouch with a leak-proof seal, Vonco's direct-connect ENFit device, and a tube for delivery of the food, which can deliver nutrition in either a hospital or home care setting and can be tailored to meet most dietary requirements.
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Enteral Feeding Devices Market Categorization
Enteral Feeding Devices Market by End User
Hospitals
Clinics
Ambulatory Surgical Center
Home Care Settings
Enteral Feeding Devices Market by Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)
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