Enteral Feeding Devices Global Market Report 2024 - By Analysis, Size, Report, Share, Forecast To 2033

The enteral feeding devices market has exhibited robust growth, surging from $4.2 billion in 2023 to an estimated $4.55 billion in 2024, showcasing a commendable Compound Annual Growth Rate (CAGR) of 8.2%. The market is poised for sustained expansion, projecting a rise to $6.39 billion by 2028, maintaining a robust CAGR of 8.9%.

Driving Forces:
Preterm Birth Surge Boosts Demand:
The enteral feeding devices market is set to be propelled by the surge in preterm births, defined as births occurring before the 37th week of pregnancy. With enteral feeding devices playing a crucial role in supplementing breast milk for preterm infants, the recent increase in preterm birth rates, as indicated by the Centers for Disease Control and Prevention, fuels the demand for enteral feeding solutions, reaching 10.48% in 2021.

Chronic Diseases Ignite Market Expansion:
The rising prevalence of chronic diseases emerges as a significant driver for the enteral feeding devices market. As chronic diseases account for a substantial portion of global fatalities, enteral feeding devices play a pivotal role in managing these conditions. With 74% of total deaths attributed to chronic diseases, the market witnesses a surge in demand for effective nutritional delivery systems.

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Industry Leaders:
Key players steering the enteral feeding devices market include Fresenius Kabi AG, Nestle SA, Moog Inc., and other industry stalwarts. Their strategic contributions play a pivotal role in shaping market dynamics across diverse end-user sectors.

Innovations & Trends:
Technological Advancements Enhance Solutions:
Technological advancements take center stage as a key trend in the enteral feeding devices market. Companies are launching advanced products, exemplified by ENvizion Medical's feeding tube navigation system, creating personalized body maps for precise tube placement. This reflects a broader trend of integrating technology to improve accuracy and patient experience.

Focus on Thick and Homogenized Formulas:
Major players in the enteral feeding devices market are concentrating on products that deliver thick and homogenized formulas, gaining a competitive edge. Cardinal Health Inc.'s Kangaroo OMNI Enteral Feeding Pump, designed for delivering thick, blended formulas, represents a pioneering advancement, enhancing nutritional care in hospitals and homes.

Global Landscape:
North America led the enteral feeding devices market in 2023, with Asia-Pacific anticipated to be the fastest-growing region during the forecast period. Comprehensive coverage spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmentation Insights:
The enteral feeding devices market covered in this report is segmented -
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

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Enteral Feeding Devices Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Enteral Feeding Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on enteral feeding devices market size, enteral feeding devices market drivers and trends, enteral feeding devices market major players, competitors' revenues, market positioning, and market growth across geographies. The enteral feeding devices market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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