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Enteral Feeding Devices Market is segmented by product type, age group, end-user, and region.
Enteral Feeding Devices Market witnessed a CAGR of 4.4% between 2013 and 2021. The global Enteral Feeding Devices Market is expected to grow at a rate of 4.8% between 2022 and 2028. In 2022, the global Enteral Feeding Devices Market size was worth US$ 2,619.6 million, which is projected to reach US$ 3,467 million by the year 2028.
| Attribute | Key Insights |
|---|---|
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Enteral Feeding Devices Market Size (2022) |
US$ 2,619.6 Mn |
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Projected Market Value (2028) |
US$ 3,467 Mn |
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Global Market Growth Rate (2022-2028) |
4.8% CAGR |
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Share in parent market |
1.8% |
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Enteral Feeding Devices Market is expected to witness a sizable CAGR due to the rise in elderly population and the availability of home enteral nutrition. Furthermore, increasing demand from patients who rely on feeding devices is expected to drive the growth of the enteral feeding devices market.
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Get a Customized VersionThe demographic shift towards an aging global population, as well as the incidence of ailments that mostly affect the elderly, are expected to rise. The world population is aging significantly, with continuous growth in the population aged 60 and above. The rising prevalence of diseases is fueling the expansion of the enteral feeding devices market. The increasing demand from patients who rely on feeding devices is expected to drive the growth of the enteral feeding devices market owing to the necessity for treatment supported by enteral feeding devices.
The market for enteral feeding equipment has shifted from hospital treatment to home enteral nutrition, and this trend is expected to continue. Because of the escalating expenses of hospital stays, professionals associated with the treatment of patients that require nutritional assistance for extended periods are frequently persuading patients to choose home enteral nutrition. The development of the home enteral nutrition industry is significantly impacting the market for enteral feeding devices.
Enteral feeding is a quick and an inexpensive way to provide therapeutic nutrition to patients. However, there are a few drawbacks to using these devices, which lead to higher expenditure on healthcare. The majority of enteral feeding issues are mild, but can also be fairly significant. Despite their reduced frequency and severity, enteral feeding metabolic problems are substantially equivalent to those seen with parenteral nutrition. Close monitoring can aid in the reduction or prevention of these issues. Furthermore, these issues, combined with the mortality coupled with these issues, pose a barrier to the broader use of enteral feeding devices.
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“Increased demand of enteral feeding devices”
The COVID-19 pandemic had a negative impact on the global economy and has affected several industries due to travel restrictions, lockdowns, and business closures. However, the COVID-19 pandemic has had a positive impact on the global Enteral Feeding Devices Market. Due to the spread of the COVID-19 virus, millions of people were hospitalized, which increased demand for enteral feeding devices to provide nutritional support to critically ill COVID positive patients. Furthermore, the increase in demand for enteral feeding devices in the home care sector, as well as the shift from parenteral to enteral feeding, drove market growth during this period.
Enteral Feeding Devices industry is very competitive and highly consolidated due to the presence of large players. These players are focusing on mergers and strategic alliances as the industry is in the growth phase. Companies are making strategic decisions to launch new products to capitalize and grow their market share.
Recent Developments:
| Attribute | Details |
|---|---|
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Forecast Period |
2022-2028 |
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Historical Data Available for |
2013-2021 |
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Market Analysis |
US$ Mn/Bn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
By End User |
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Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
Enteral Feeding Devices Market by End User
Enteral Feeding Devices Market by Region
In 2022, the Enteral Feeding Devices Market stands at USD 2,619.6 million, and it is expected to reach USD 3,467 million by 2028 at a CAGR of 4.8%.
Enteral Feeding Devices Market exhibited a 4.4% CAGR between 2013 and 2021.
Complications related to enteral feeding devices are the key restraints in the Enteral Feeding Devices Market.
The increase in elderly population and the availability of home enteral nutrition are the key factors driving the growth of the market.
Abbott Nutrition, ALCOR Scientific, Applied Medical Technology, and B. Braun Melsungen AG are among the top players in the market.
