Enteral Feeding Devices Global Market Types and Applications, Drivers, Ongoing Trends, Future Demand, Challenges, Top Companies And Forecast 2024-2033

"The Business Research Company recently released a comprehensive report on the Global 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.

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According to The Business Research Company's, The enteral feeding devices market size has grown strongly in recent years. It will grow from $4.2 billion in 2023 to $4.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, prevalence of chronic diseases, increased hospital admissions, increase in home-based care, regulatory support.

The enteral feeding devices market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increased patient-centric care, emerging markets, health insurance reimbursement, focus on sustainability and environment, ongoing research and development efforts. Major trends in the forecast period include nutritional personalization, minimizing infection risks, smart enteral feeding system, compact and portable devices, utalizing artificial intelligence (ai).

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Market Drivers and Trends:

The surge in the number of preterm births is expected to propel the growth of the enteral feeding devices market. Preterm births are births that occur before the 37th week of pregnancy. Enteral feeding devices are often used to supplement breast milk to provide milk immediately to preterm birth babies. There is a surge in the number of preterm births due to multiple pregnancies, adolescent pregnancy rates, caesarean deliveries before full-term, unnecessary inductions, infections, and chronic conditions such as diabetes and high blood pressure. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the report indicates preterm birth rate increased by 4% in 2021, reaching 10.48%. Therefore, the surge in the number of these preterm births drives the enteral feeding device market.

Technological advancements are a key trend gaining popularity in the enteral feeding devices market. Enteral feeding devices are used to provide nutritional needs by tube feedings. Many companies are launching new advanced and efficient products in the enteral feeding devices market. For instance, in May 2021, the Israel based enteral feeding devices company ENvizion Medical developed a feeding tube navigation system for accurate enteral tube placement in adult patients consisting of an electro-mechanical device with embedded software and enteral feeding tubes. The ENvue system creates a personalized body map of patients, which thus allows medical staff to precisely place the tube in the stomach or small intestine through the oral or nasoenteric route.

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Major Key Players of the Market:

Fresenius Kabi AG, Nestle SA, Moog Inc, B. Braun Melsungen AG, Cardinal Health Inc, Danone S.A., Conmed Corporation, Cook Medical, Becton, Dickinson and Company, Abbott Laboratories, Boston Scientific Corporation, Vygon Group, Amsino International Inc., Applied Medical Technology Inc., Avanos Medical Inc., Fidmi Medical, Vesco Medical LLC, Dynarex Corporation, Medela Inc., Alcor Scientific, Kimberly-Clark Corporation, Intervene Group Limited, Technopath Solutions Inc, Biometrix Corporation, Thomas Magnete GmbH, Halyard Health Inc., Medtronic plc, Medline Industries Inc., ALCOR Scientific Inc., ENvizion Medical, Fuji Systems Corporation, Kentec Medical Inc., Romsons Group of Industries, C. R. Bard GmbH

Enteral Feeding Devices Market 2024 Key Insights:

• The enteral feeding devices market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• The Surging Number Of Preterm Births Fueling Growth In The Enteral Feeding Devices Market
• Technological Advancements In Enteral Feeding Devices Market
• North America was the largest region in the enteral feeding devices market in 2023

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