Description

The global Enteral Feeding Devices Market size was estimated at USD 3,243.71 Mn in 2021, growing at a CAGR of 5.8% during the forecast period 2021-2027. 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 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. Enteral feeding devices market is growing at a significant CAGR owing to increase in the prevalence of chronic diseases and technological advancements for new devices. Increase in the adoption rate of the devices in hospitals and surgical centres also expected to propel the enteral feeding devices market over the forecast period. Technological advancements, patent filings, acquisitions, and product launchings are the key strategies followed by the companies for increasing their revenue. For instance, in May 2014, Medela acquired the Acacia, Inc.’s enteral feeding division for strengthening the enteral feeding devices portfolio. Similarly, in April 2016, Halyard Health acquired Corpak Medsystems for strengthening its enteral feeding devices portfolio.

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