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Enteral Feeding Devices Market Share, Research Report 2024-2033 | Fresenius Kabi AG, Nestle SA, Moog Inc., B. Braun Melsungen AG, Cardinal Health Inc., Danone S.A., Conmed Corporation
Enteral Feeding Device
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the enteral feeding devices industry. This report on enteral feeding devices market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The enteral feeding devices market size has grown strongly in recent years. It will grow from $4.2 billion in 2023 to $4.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, prevalence of chronic diseases, increased hospital admissions, increase in home-based care, regulatory support.
The enteral feeding devices market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increased patient-centric care, emerging markets, health insurance reimbursement, focus on sustainability and environment, ongoing research and development efforts.
Major trends in the forecast period include nutritional personalization, minimizing infection risks, smart enteral feeding system, compact and portable devices, utilizing artificial intelligence (AI).
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Key Market Players:
Fresenius Kabi AG, Nestle SA, Moog Inc., B. Braun Melsungen AG, Cardinal Health Inc., Danone S.A., Conmed Corporation, Cook Medical, Becton, Dickinson and Company, Abbott Laboratories, Boston Scientific Corporation.
Market Drivers:
According to the Enteral Feeding Devices Market Report 2024 by The Business Research Company, the surge in the number of preterm births is expected to propel the growth of the enteral feeding devices market. Preterm births are births that occur before the 37th week of pregnancy. Enteral feeding devices are often used to supplement breast milk to provide milk immediately to preterm birth babies. There is a surge in the number of preterm births due to multiple pregnancies, adolescent pregnancy rates, caesarean deliveries before full-term, unnecessary inductions, infections, and chronic conditions such as diabetes and high blood pressure. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the report indicates preterm birth rate increased by 4% in 2021, reaching 10.48%. Therefore, the surge in the number of these preterm births drives the enteral feeding device market.
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Market segments for enteral feeding devices include:
1) By Product: Enteral Feeding Tubes, Enteral Feeding Pumps, Administration Sets, Enteral Syringes, Other Consumables
2) By Application: Oncology, Gastrointestinal Diseases, Neurological Disorders, Diabetes, Other Applications
3) By End User: Hospitals, Home Care Settings, Ambulatory Care Settings, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Administration of medication & enteral feeding
Introduction
An adequate way to deliver nutrients directly to the gastrointestinal tract is through enteral feeding. This definition applies to orogastric, nasogastric, and gastrostomy tube feeding in this recommendation. For a variety of causes, along with the following, a wide range of kids may need enteral feeding for a short or long time:
Not being able to consume enough nutrientsPoor swallowing or suckingStructural issues with the face or oesophagusAnorexia brought on by…
