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Enteral Feeding Device Market is Projected to Rise at a CAGR of 4.8% with US$ 4,594.0 Million by 2034

06-05-2024 03:50 AM CET | Health & Medicine

Press release from: Fact.MR

Enteral Feeding Device Market

Enteral Feeding Device Market

The global enteral feeding devices market is expected to be valued at $2,885.8 million in 2024, growing at a CAGR of 4.8% until 2034. These devices are advised for people with dysphagia who have difficulty absorbing enough food for nutrition and hydration. The device delivers liquid nutrition, fluids, and medications to the stomach, resulting in peak performance during medical procedures, illness, or injury.

As hospital prices rise, the market for enteral feeding equipment shifts toward home enteral nutrition. Healthcare experts who treat patients for lengthy periods of time are increasingly recommending this as a cost-effective and practical option, as it provides a more convenient and cost-effective solution for people who require long-term nutritional support. This trend is projected to continue into the future.

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The market for enteral feeding systems is rapidly developing as home enteral nutrition becomes increasingly popular. As a result, a variety of devices are now available to meet the needs of patients receiving nutritional care at home. Additionally, this allows patients more control over their dietary needs.

Overall, the transition to home enteral nutrition marks a considerable change in how patients receive nutritional support in the long run. As the trend continues, enteral feeding device design and functionality are projected to become more innovative as manufacturers strive to suit the changing needs of patients and healthcare professionals.

Key Takeaways from the Market Study

The global enteral feeding device market is expected to grow at a CAGR of 4.8% till 2034.
The North American enteral feeding device market is predicted to increase at a modest 5.1% per year until 2034.
The East Asia enteral feeding device business is predicted to grow at a 5.2% CAGR till 2034.
In 2024, the enteral feeding device industry in the United States will have a dominant share of 87.0%.
China's enteral feeding devices business is anticipated to grow to 46.6% of the market by 2024.

"Enteral feeding devices are implanted in patients with a functional gastrointestinal system who cannot consume enough food for nutrition and hydration. They are increasingly beneficial for people with dysphagia and other diseases, providing food for optimal functioning during illness, trauma, or medical procedures. Manufacturers can produce enteral feeding systems that give the gastrointestinal tract liquid nutrition, fluids, and medications." Says a Fact.MR analyst.

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Key Companies Profiled in This Report

Medline
Moog
Nestlรฉ Health Science
Danone SA
Vygon SA
Cook Medical
Cardinal Health, Inc.
Becton, Dickinson and Company
Fresenius Kabi
Amsino International, Inc.
Fuji Systems Corp
Neomed
Smiths Medical (Smiths Group)
Owens & Minor, Inc. (Halyard Health)
Abbott Nutrition
ALCOR Scientific
Applied Medical Technology
B. Braun Melsungen AG
Boston Scientific
CONMED Corporation.

Advancements in Nutritional Support Devices Favor the Global Nutritional Support Industry

The leading players in the enteral feeding devices sector are focusing on regional expansion to expand sales and earn considerable revenue in developing countries using a variety of techniques.

To gain control of the value chain, manufacturers are focusing on forward integration through joint ventures with wholesalers, distributors, and other channel partners. Manufacturers have used capacity expansion and new technology-based product uptake to increase sales in numerous geographies.

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Country-wise Insights

Why is the United States Dominating the Global Enteral Feeding Devices Market?

"Rising Demand of Advanced Enteral Feeding Solutions Breeds in the United States"

The market for enteral feeding systems in the United States is expected to develop fast, reaching an estimated $781 million by 2024. Furthermore, over the forecast period, a compound annual growth rate (CAGR) of 5.0% is estimated, culminating in a market size of US$ 1,270 million by 2034.

One of the key contributing reasons is the rising prevalence of chronic illnesses among patients. The rising popularity of enteral feeding devices in home care settings is a key driver of market expansion. The abundance of modern hospitals in the United States contributes to the industry's growth.

Furthermore, because to the benefits of enteral feeding, there is a progressive transition from parenteral to these devices. Unlike parenteral feeding devices, enteral

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