Neonatal Infants Enteral Feeding Devices Market 2024: Growth and Insights

The Business Research Company recently released a comprehensive report on the Global Neonatal Infants Enteral Feeding Devices 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 neonatal infants enteral feeding devices market size has grown steadily in recent years. It will grow from $2.10 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to increasing premature birth rates, rising incidences of neonatal disorders, growing demand for specialized neonatal care, and expanding healthcare infrastructure.

The neonatal infants enteral feeding devices market size is expected to see steady growth in the next few years. It will grow to $2.5 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to increasing adoption of enteral nutrition in neonatal intensive care units, rising investments in healthcare infrastructure in emerging markets, growing awareness about the benefits of enteral feeding in neonates, expanding applications of enteral feeding devices in homecare settings, and advancements in enteral feeding technology for improved patient outcomes. Major trends in the forecast period include technological advancements, miniaturization of enteral feeding devices, integration of smart technology for remote monitoring, development of specialized enteral formulas for neonates, emphasis on infection prevention and control measures, and personalized nutrition solutions for individualized care.

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Market Drivers and Trends:

The rising prevalence of preterm birth is expected to propel the growth of the neonatal infant enteral feeding devices market going forward. Preterm birth occurs when a baby is born before completing 37 weeks of gestation, potentially leading to various health challenges due to incomplete development. The preterm birth issue arises due to increased maternal age, lifestyle choices, medical interventions such as assisted reproductive technologies, maternal health conditions, and environmental factors. Neonatal infant enteral feeding devices are utilized in preterm birth to provide essential nutrition directly into the stomach or intestines of premature infants who cannot feed orally, supporting their growth and development. For instance, in January 2023, according to the Office for National Statistics, a UK-based governmental organization, the percentage of preterm live births saw a slight rise from 7.4% in 2020 to 7.5% in 2021. Therefore, the rising prevalence of preterm birth is driving the growth of the neonatal infant enteral feeding devices market.

Rising Neonatal Admissions Fuel Growth In The NICU Catheter Market

The rising neonatal admissions are expected to propel the growth of the neonatal infant enteral feeding devices market going forward. Neonatal admissions refer to the hospitalization or admission of newborn infants, typically within the first 28 days of life, for medical care and monitoring. Neonatal infant enteral feeding devices to provide specialized medical interventions and monitoring for premature or critically ill infants, ensuring their immediate health needs are met and promoting their chances of survival and healthy development. For instance, in October 2023, according to the American Academy of Pediatrics (AAP), a US-based non-profit organization, the percentage of infants classified as late preterm (LPT) and low birth weight (LBW) who received exclusive care in the nursery increased from 83.9% to 88.8% due to special circumstances. Therefore, the rising neonatal admissions are driving the growth of the neonatal infant enteral feeding devices market going forward.

Major companies operating in the neonatal infant enteral feeding devices market are developing products with advanced technologies such as real-time assessment technology, to monitor feeding and ensure optimal nutrition, thereby reducing the risk of complications. Real-time assessment technology in infant enteral feeding devices improves feeding precision, enhances safety, facilitates early issue detection, supports data-driven decisions, involves parents, and increases overall efficiency in neonatal care. For instance, in August 2023, Cardinal Health, a US-based healthcare services and products company, launched its next-generation NTrainer System 2.0, a medical device designed to help premature and newborn infants develop oral coordination skills necessary for transitioning to independent feeding faster. The NTrainer System 2.0 is the only FDA Class II biofeedback device that helps newborns and infants born prematurely develop their non-nutritive sucking (NNS) skills needed for independent oral feeding. The device utilizes real-time assessment technology to provide clinicians with objective data to track an infant's progress in developing pre-feeding skills.

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Major Key Players of the Market:

Cardinal Health Inc., Abbott Inc., 3M, Medtronic Plc, Kimberly-Clark Corporation, Becton Dickinson and Company, Boston Scientific Corporation, Fresenius Kabi AG, Terumo Corporation, Coloplast Corp., B. Braun Melsungen AG, Moog Inc., Cook Medical Inc., Teleflex Incorporated, ConvaTec Inc., Halyard Health Inc., Hollister Incorporated, CONMED Corporation, Avanos Medical Inc., Amsino International Inc., Nutricia, Vygon SA, Wellspect Healthcare, Applied Medical Technology Inc., Qosina Corporation

Neonatal Infants Enteral Feeding Devices Market 2024 Key Insights:

• The neonatal infants enteral feeding devices market size is expected to see steady growth in the next few years. It will grow to $2.5 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%.
• Rising Preterm Birth Rates Fuel Demand For Neonatal Enteral Feeding Devices
• Advanced Technologies in Neonatal Infant Enteral Feeding Devices
• North America was the largest region in the neonatal infants enteral feeding devices market in 2023

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