ENTERAL FEEDING DEVICES MARKET ANALYSIS

Enteral Feeding Devices MarketSize and Trends

The global enteral feeding devices market is estimated to be valued at US$ 3.8 Bn in 2023 and is expected to exhibit a CAGR of 6.4% during the forecast period (2023-2030).

Figure 1. Global Enteral Feeding Devices Market Share (%), By Product Type, 2023

Figure 2. Global Enteral Feeding Devices Market Share (%), By Region, 2023

The global enteral feeding devices market is expected to witness significant growth in the coming years, driven by the high prevalence of neurological disorders, and increased awareness. Increasing prevalence of neurological disorders is contributing to the growth of the enteral feeding devices market in North America region. For instance, according to the American Neurological Association (ANA) in March 2021, neurological diseases affect around 100 Mn people in the U.S. This significant number of patients with a neurological disorder is expected to increase the number of neurosurgeries in the U.S., thereby driving the demand for enteral feeding devices in the U.S.

Global Enteral Feeding Devices Market - Drivers

• Increasing product launches by key market players: Increasing product launch by key market players operating in the market is expected to drive the market growth over the forecast period. For instance, in July 2023, Cook, a medical devices manufacturing company, launched its new Entuit Thrive Balloon Retention Gastrostomy Feeding Tube in the U.S. The new Entuit enteral feeding product line, which includes a full range of items for both gastrostomy and gastropexy procedures, includes the feeding tube.
• Increasing prevalence of dysphagia worldwide: The increasing prevalence of dysphagia around the world is expected to drive the global enteral feeding devices market over the forecast period. For instance, according to an article published in April 2022 by Springer Nature, a publishing company, the prevalence of oropharyngeal dysphagia was estimated to be 43.8% worldwide, with Africa having the highest rate at 64.2%.

Global Enteral Feeding Devices Market Segmentation:

The global enteral feeding devices Market report is segmented into product type, age group, application, end user, and region.

• By product type , the market is segmented into feeding tubes (nasogastric tube with enfit connector, orogastric tube, nasoenteric tube (nasojejunal, nasoduodenal), oroenteric tube, gastrostomy tube (G tube) with ENFit connector (PEG (percutaneous endoscopic gastrostomy) tube, PRG (percutaneous radiologic gastrostomy) tube, button tubes), jejunostomy tubes (PEJ (percutaneous endoscopic  jejunostomy) tube, PRJ (percutaneous radiologic jejunostomy) tube), feeding pumps (peristaltic silicone), administration reservoir, extension feeding set (with ENFit connector, without ENFit connector), enteral syringes, and others). Out of which, feeding tubes is expected to hold a dominant position in the global enteral feeding devices market during the forecast period, and this is attributed to the growing demand for feeding tubes in hospitals.
• By age group, the market is segmented into pediatric and adults. Out of which, pediatric is expected to dominate the market over the forecast period, and this is attributed to increasing the number of premature births.
• By application, the market is segmented into diabetes, oncology, gastrointestinal diseases, hypermetabolism, and others. Out of which, oncology is expected to dominate the market over the forecast period, and this is attributed to the increasing prevalence of cancer worldwide.
• By end user, the market is segmented into hospitals, ambulatory surgical centers, and others. Out of which, hospitals is expected to dominate the market over the forecast period, and this is attributed to increasing demand for enteral feeding devices in hospitals.
• Among all the segmentation, the product type segment is expected to dominate the market over the forecast period, and this is attributed to increasing product launches by key market players