Enteral Feeding Devices Market By Product Type, By Age Group, By Route Of Administration, By Application, By End-Users, and Geography
Enteral Feeding Devices Market size was valued at US$ 3,243.71 million in 2023 and is poised to grow at a CAGR of 5.8% from 2024-2030. Enteral feeding devices help in delivering the feed directly into the gastrointestinal tract with the help of a tube connected to the electric pump. Enteral feeding devices are commonly placed into the stomach, duodenum, or jejunum through the nose, mouth, or percutaneous route. These devices are generally administered to patients who are unable to take food in certain medical conditions such as neurological disorders, digestive disorders, mouth malformations, swallowing disorders, and malnutrition among others.
The market is growing at a significant CAGR owing to an increase in the prevalence of chronic diseases and technological advancements for new devices. An increase in the adoption rate of the devices in hospitals and surgical centers is also expected to propel the market over the forecast period. Technological advancements, patent filings, acquisitions, and product launches are the key strategies followed by the companies to increase their revenue.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
EuropeFastest Growing Market
North America
Increase in the adoption of enteral feeding devices by hospitals and ambulatory surgical centres, rise in the prevalence of CNS and gastrointestinal diseases, increase in premature birth rate, and technological advancements of the devices are anticipated to fuel the enteral feeding devices market. Moreover, a rise in awareness of the enteral feeding devices, reduction in the cost of the devices, increase in market penetration, and rise in geriatric population are expected to propel the enteral feeding devices market over the forecast period. However, stringent regulatory policies, product recalls, and lack of reimbursement policies might hinder the enteral feeding devices market growth over the forecast period.
Europe enteral feeding devices market is growing at significant rate owing to increase in the prevalence of chronic diseases, rise in awareness about the enteral feeding devices, technological advancements in the devices, and development in healthcare facilities are propelling the market growth. North America has a significant share of the global enteral feeding devices market, which is attributed to the presence of most of the manufacturers in North America region, technological advancements of the devices, an increase in the preference for home-based enteral treatment are. Moreover, increase in geriatric population and increase in premature birth rates, a rise in the prevalence of chronic diseases, and rise in healthcare expenditure in Asia Pacific region expected to drive market revenue growth over the forecast period in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 3,243.71 million |
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Market CAGR |
5.8% |
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By Product Type |
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By Age Group |
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By Route-administration |
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By Application |
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The global enteral feeding devices market size was valued at US$ 3,243.71 million in 2023 and is projected to grow at a CAGR of 5.8% from 2024-2030.
Halyard Health, Inc. (U.S.) Fresenius SE & Co. KGaA (Germany) Medtronic plc. (Ireland) Abbott Laboratories (U.S.) C. R. Bard, Inc. (U.S.) ConMed Corporation (U.S.) B. Braun Melsungen AG (Germany) Medela LLC (U.S.) ConvaTec, Inc. (U.K.)
Increasing Number of Premature Births
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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