Global Enteral Feeding Devices Market, By Product [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], By Age Group (Pediatric and Adults), By Applications (Diabetes, Oncology, Gastrointestinal Diseases, Hypermetabolism, and Others), By End User (Hospitals, Ambulatory Surgical Centers, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
Throughout the process of recovering from an eating disorder, feeding tubes are employed for a variety of purposes. When a patient is not eating enough calories, and/or keeping those calories in their bodies, the entire gastric system slows down. The increasing prevalence of avoidant/restrictive food intake disorder is expected to drive the global enteral feeding devices market growth over the forecast period. For instance, according to data published in March 2023, by National Center for Biotechnology Information, the prevalence of avoidant/restrictive food intake disorder range is about 22.5% in children and adolescents in the U.S.
Global Enteral Feeding Devices Market - Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of healthcare product from one place to another.
Furthermore, players operating in the global enteral feeding devices market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include the supply of raw materials required for manufacturing enteral feeding devices due to irregularities in transportation facility. Moreover, distributors of enteral feeding devices are experiencing irregular demand for products from the retailers.
Global Enteral Feeding Devices Market: Key Developments
In July 2020, Baxter International Inc., a healthcare company, and VIPUN Medical, a medical technology manufacturer, announced an agreement to commercialize the VIPUN Gastric Monitoring System. This innovative system features a “smart” enteral feeding tube designed to measure stomach motility in order to help clinicians identify enteral feeding intolerance and make better informed nutrition therapy decisions in the Intensive Care Unit (ICU) and other settings. As part of the agreement, Baxter International Inc. will support clinical studies required to achieve regulatory approval in key markets worldwide and gain global distribution rights.
Browse 34 Market Data Tables and 24 Figures spread through 170 Pages and in-depth TOC on “Global Enteral Feeding Devices Market”- Forecast to 2030, Global Enteral Feeding Devices Market, By Product [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], By Age Group (Pediatric and Adults), By Applications (Diabetes, Oncology, Gastrointestinal Diseases, Hypermetabolism, and Others), By End User (Hospitals, Ambulatory Surgical Centers, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/enteral-feeding-devices-market-392
Key Takeaways of the Global Enteral Feeding Devices Market:
- The global enteral feeding devices market is expected to exhibit a CAGR of 3% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global enteral feeding devices market.
- Among application, the cancer segment is expected to hold a dominant position in the global enteral feeding devices market during the forecast period, and this is attributed to the increasing prevalence of stomach cancer around the world. For instance, according to data published in 2022, by World Cancer Research Fund International, a research company, the prevalence of stomach cancer is rapidly increasing worldwide. The following tables indicate the top four countries with the highest number of stomach cancer cases worldwide.
Sr. No. Country Number 1 China 478,508 2 Japan 138,470 3 South Korea 28,713 4 Iran 14,656 - Among region, Europe is expected to exhibit lucricative growth in the global enteral feeding devices market over the forecast period, as key market players in the region are focusing on inorganic strategies such as acquisitions. For instance, on May 10, 2022, Vygon, a medical device manufacturer, acquired Macatt Medica Peruana SAC, a distributer of specialized medical materials, to expand its presence in the enteral nutrition sector. The acquisition increased Vygon's position in South America after bringing the operation in Lima, which had 21 people, into the corporation as a fully owned subsidiary.
- The major players operating in the global enteral feeding devices market are Cook Group, Abbott Laboratories, Cardinal Health, Inc., Boston Scientific Corporation, CONMED Corporation, Amsino International Inc., Applied Medical Technology, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Fresenius SE & Co. KGaA, Moog, Inc., Vygon S.A, Dynarex Corporation, and Medela AG
