Meticulous Research®—leading global market research company published a research report titled ‘Enteral Feeding Devices Market by Product (Feeding Pumps, Feeding Tubes, Enteral Syringes, Giving Sets, Accessories), Age Group (Adults, Pediatrics), Application (Oncology, Gastrointestinal Diseases, Neurological Disorders, Diabetes), End User (Hospitals, Home Care, Ambulatory Care), and Geography—Forecast to 2029.’
According to this latest publication from Meticulous Research, the enteral feeding devices market is expected to reach $4.72 billion by 2029, at a CAGR of 6.5% during the forecast period.
The increasing need for enteral feeding devices due to the growing aging population and the associated increase in the prevalence of chronic diseases, the shift from parenteral nutrition to enteral nutrition, technological advancements in enteral feeding devices, and the growing demand for enteral feeding in home care settings are major factors driving the growth of this market.
In addition, the growing scope of enteral nutrition in emerging countries is expected to create significant growth opportunities for the players operating in this market. However, insufficient reimbursements for enteral nutrition are expected to hinder the growth of this market.
Enteral Feeding Devices Market: Future Outlook
The enteral feeding devices market study presents historical market data in terms of values (2020 and 2021), estimated current data (2022), and forecasts for 2029. The market is segmented by Product (Enteral Feeding Pumps, Enteral Feeding Tubes, Enteral Syringes, Giving Sets/Administration Sets, and Accessories), Age Group (Adults, Pediatrics), Application (Oncology, Gastrointestinal Diseases, Neurological Disorders, Diabetes, Hypermetabolism, and Other Applications), End User (Hospitals, Home Care Settings, and Ambulatory Care Settings), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on product, the enteral feeding pumps segment is expected to account for the largest share of the enteral feeding devices market in 2022. The segment's large share is attributed to the increasing adoption of enteral feeding pumps due to their advanced features and advantages, such as precision, safety, and feasibility over other devices.
Based on age group, the pediatrics segment is expected to record the higher CAGR during the forecast period due to the high prevalence of preterm births across the globe.
Based on end user, the hospitals segment is expected to account for the largest share of the enteral feeding devices market, which is attributed to the growing number of patients visiting hospitals for surgeries, the rapid proliferation of hospitals, and the high availability and usage of enteral feeding devices in hospitals.
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This research report analyzes major geographies and provides a comprehensive analysis for North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa.
In 2022 North America is expected to account for the largest share of the enteral feeding devices market, followed by Europe and Asia-Pacific. North America’s large share is attributed to the high prevalence of chronic diseases in the region, organizational initiatives promoting enteral nutrition, the availability of reimbursement policies for Home Enteral Nutrition (HEN), and the region’s well-developed healthcare infrastructure.
The key players operating in the enteral feeding devices market are Becton, Dickinson and Company (U.S.), Cardinal Health, Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), Avanos Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), CONMED Corporation (U.S.), B. Braun Melsungen AG (Germany), Moog Inc. (U.S.), Amsino International Inc. (U.S.), Cook Medical LLC (U.S.), and Applied Medical Technology, Inc. (U.S.).
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