Global Enteral Feeding Devices Market was estimated at USD 2.85 billion in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 7.13% from 2024 to 2031, reaching USD 4.93 billion. Growing geriatric populations, a rise in premature births, the COVID-19 pandemic's aftermath, and the rising use of home-based healthcare services are all expected to contribute to the enteral feeding devices industry's steady growth over the coming years.
The industry is divided into adult and pediatric segments based on age groups. In 2023, the adult sector achieved the highest revenue share of 64.7%. When it comes to meeting the nutritional demands of individuals dealing with a variety of medical issues, enteral feeding systems are essential.
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Top Key Players :
Braun SE, Abbott, Boston Scientific Corporation, Conmed Corporation, Becton, Dickinson and Company (BD), Cardinal Health Inc., Avanos Medical, Inc., Neomed, Cook Medical, Baxter
Regional Insights:
North America: North America is the largest market for enteral feeding devices, driven by advanced healthcare infrastructure, high healthcare expenditure, and a significant number of patients requiring enteral feeding.
Asia-Pacific: The Asia-Pacific region is anticipated to experience the fastest growth, with a CAGR of 8.4% from 2024 to 2031. This growth is attributed to increasing healthcare awareness, improving healthcare infrastructure, and a rising geriatric population in countries such as China and India.
Key Drivers of Market Growth:
Increasing Chronic Disease Prevalence: The rise in chronic diseases such as cancer, gastrointestinal disorders, and neurological conditions is a significant driver for the enteral feeding devices market. Patients suffering from these conditions often require nutritional support through enteral feeding, thereby boosting the demand for these devices.
Advancements in Technology: Innovations in enteral feeding devices, such as the development of more efficient and safer feeding tubes and pumps, are propelling market growth. These advancements not only improve patient outcomes but also enhance the ease of use and reliability of the devices.
Rising Preference for Home Care: There is a growing trend towards home healthcare, driven by the need to reduce hospital stays and associated healthcare costs. Enteral feeding devices are increasingly used in home care settings, providing patients with the convenience of receiving necessary nutrition without frequent hospital visits.
Segmentation:
By Product Type-
- Enteral Feeding Tubes
- Enteral Feeding Pumps
- Administration Sets
- Enteral Syringes
- Others
By Age Group-
- Adult
- Pediatric
By Application-
- Oncology
- Gastroenterology
- Neurological Disorders
- Diabetes
- Other Applications
By End Use-
- Hospitals
- Home Care Settings
- Ambulatory Care Settings
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