Enteral Feeding Tube Equipment: Advancements Driving Patient Care in 2024

The Business Research Company recently released a comprehensive report on the Global Enteral Feeding Tube Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, the enteral feeding tube equipment market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. the growth in the historic period can be attributed to the rising incidence of chronic diseases, increasing elderly population, growing awareness of nutritional needs, expansion of home healthcare services, and improvements in healthcare infrastructure.the enteral feeding tube equipment market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. the growth in the forecast period can be attributed to the increasing prevalence of gastrointestinal disorders, growing demand for home-based healthcare solutions, rising geriatric population, expanding global healthcare access, and increasing adoption of enteral nutrition in clinical settings. Major trends in the forecast period include advancements in medical technology, integration of smart technology, growth in minimally invasive procedures, expansion of the home care market, and development of personalized nutrition solutions.

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Market Drivers and Trends:
The rising incidence of chronic diseases is expected to propel the growth of the enteral feeding tube equipment market going forward. Chronic diseases refer to long-lasting health conditions that develop gradually, persist over an extended period, and often require ongoing medical attention and management. The rise in the incidence of chronic diseases is due to a combination of factors, including aging populations, sedentary lifestyles, poor dietary habits, rising obesity rates, and the increasing prevalence of risk factors such as smoking and excessive alcohol consumption. Enteral feeding tube equipment is used to provide essential nutrition directly to patients who are unable to eat by mouth due to conditions such as cancer, neurological disorders, or severe gastrointestinal issues, ensuring they receive the necessary nutrients and medications for ongoing care and treatment. For instance, in April 2022, according to the National Association of Chronic Disease Directors (NACDD), a US-based non-profit organization, almost 60% of adults have at least one chronic disease, and approximately 40% of adults have multiple chronic conditions (MCC). Further, it is expected to cost the US economy 2 trillion dollars annually, or $8,600 per person by 2030. Therefore, the rising incidence of chronic diseases is driving the growth of the enteral feeding tube equipment market.

Major companies operating in the enteral feeding tube equipment market are focused on developing innovative products, such as electromagnetic navigation systems, to enhance the accuracy, safety, and ease of tube placement and monitoring for patients requiring enteral nutrition. Electromagnetic navigation systems are advanced technologies used to guide and monitor the placement of medical devices, such as feeding tubes, within the body. For instance, in October 2021, ENvizion Medical Ltd., a US-based medical device company, launched a feeding tube navigation system for accurate enteral tube placement in adult patients as an alternative to the limitations of blind insertions and the radiography-based adjuvant method. This innovative system addresses the challenges associated with traditional feeding tube insertions, which often rely on blind methods or radiography, leading to potential complications. It represents a significant advancement in enteral feeding technology, focusing on safety, efficiency, and improved patient care.

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Major Key Players of the Market:
Cardinal Health Inc., Johnson & Johnson Services Inc., Fresenius Kabi AG, Abbott Laboratories, Medtronic plc, Danone S.A., Kimberly-Clark Corporation, Baxter International Inc., B. Braun Melsungen AG, Nestlé Health Science, Terumo Corporation, C.R. Bard Inc., Smiths Medical India Pvt. Ltd., Coloplast A/S, Moog Inc., Cook Medical Inc., ConvaTec Group plc, Hollister Incorporated, Halyard Health Inc., Amsino International Inc., Vygon SA, Hart Medical Equipment, Alcor Scientific, Zevex Inc.

Enteral Feeding Tube Equipment Market 2024 Key Insights:
• The enteral feeding tube equipment market size is expected to grow to$3.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Rising Incidence Of Chronic Diseases Driving Growth In The Enteral Feeding Tube Equipment Market
• Amsino Medical Group Acquires Enteral Feeding Pump Products From Alcor Scientific To Strengthen Product Portfolio
• North America was the largest region in the enteral feeding tube equipment market in 2023

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