Global Enteral Feeding Tube Equipment Market Insights and Forecast 2024

"Gain a competitive edge with up to 30% off in-depth market reports-uncover key trends, growth drivers, and forecasts today!

The new report published by The Business Research Company, titled Enteral Feeding Tube Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

Download Free Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=18596&type=smp

What Is Driving The Growth Of The Global Enteral Feeding Tube Equipment Market?

Rising Incidence Of Chronic Diseases Driving Growth In The Enteral Feeding Tube Equipment Market
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.

What Is The Key Trend In The Global Enteral Feeding Tube Equipment Market?

Advancements In Enteral Feeding Tube Technology The Role Of Innovation And New Developments
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.

How Is The Global Enteral Feeding Tube Equipment Market Segmented?
The enteral feeding tube equipment market covered in this report is segmented -

1) By Type: Gastrostomy Tube, Nasoenteric Tube, Other Types
2) By Application: Oncology, Gastroenterology, Neurology, Diabetes, Other Applications
3) By End-User: Hospitals, Home Care Settings, Ambulatory Care Settings, Other End Users

You Can Pre-Book The Global Market Report Of Your Requirement For A Swift Delivery And Also Get An Exclusive Discount On This Report, Checkout Link:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18596

How Is The Competitive Landscape Of The Global Enteral Feeding Tube Equipment Market?
Major companies operating in the enteral feeding tube equipment market are 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.

Contents Of The Global Enteral Feeding Tube Equipment Market
1. Executive Summary
2. Enteral Feeding Tube Equipment Market Report Structure
3. Enteral Feeding Tube Equipment Market Trends And Strategies
4. Enteral Feeding Tube Equipment Market - Macro Economic Scenario
5. Enteral Feeding Tube Equipment Market Size And Growth
…..
27. Enteral Feeding Tube Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore The Report Store To Make A Direct Purchase Of The Report: https://www.thebusinessresearchcompany.com/report/enteral-feeding-tube-equipment-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.