Global Neonatal and Preterm Infants Enteral Feeding Devices Market, by Product Type (Enteral Feeding Pumps, Low Profile Gastrostomy, PEG Tube, Nasogastric Tube, Gastrostomy Tube, and Giving Set), by End User (Home Care Settings, Hospitals, and Others (Ambulatory Centers, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3.25 Billion in 2023 and is expected to exhibit a CAGR of 5.1% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The major players operating in the market are focused on the launch of awareness campaigns. For instance, on February 5, 2023, ausEE Inc., Australia based charity, announced that it had organized an awareness campaign from 5-11 February 2023, to increase awareness and understanding in the community by raising some of the challenges faced and highlighting the day-to-day impact of tube feeding on individuals, carers and families.
Global Neonatal and Preterm Infants Enteral Feeding Devices Market - Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and consequent lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The pandemic hampered the entire supply chain of the healthcare industry, mainly due to strict lockdowns in several regions. Private healthcare is one such sector that was significantly impacted by the COVID-19 pandemic.
Many patients suffering from COVID-19 had a severe respiratory infection that required hospitalization and mechanical ventilation. Governments of various countries are focusing on initiatives to fight against the COVID-19 pandemic and stop the spread of the coronavirus infection by implementing various measures in the countries. Moreover, the governments of various countries have collaborated with universities around the globe to find novel treatments option for COVID-19 and its related complications. For instance, in March 2022, according to the data published by National Center for Biotechnology Information, patients who are critically ill with COVID-19 have impaired nutrient absorption due to disruption of the normal intestinal mucosa. They are often in a state of high inflammation, increased stress, and catabolism as well as a significant increase in energy and protein requirements. Therefore, timely enteral nutrition support and the provision of optimal nutrients are essential in preventing malnutrition in these patients
Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Key Developments
Increasing number of premature infants is expected to aid in the growth of the neonatal and preterm infants enteral feeding devices market. For instance, according to the data provided by the Centers for Disease Control and Prevention, in November 2022, preterm birth affected about 1 of every 10 infants born in the U.S., in 2021
Moreover, according to an article published by Thieme Medical Publishers, an international medical and science publisher, in July 2020, an unblinded pilot randomized clinical trial on hemodynamically stable preterm infants (>28 weeks) recruited from level 2 neonatal intensive care unit at Mansoura University Children's Hospital, a healthcare organization in Mansurah, Egypt, was carried out. According to the results of the clinical trial, preterm infants without any respiratory support receiving bolus nasogastric tube feeding achieved full enteral feeding significantly sooner than those receiving bolus orogastric tube feeding. Additionally, bolus nasogastric tube feeding had a lower incidence of aspiration and tube displacement, and the infants regained birth weight more quickly than those receiving orogastric tube feeding.
Browse 28 Market Data Tables and 30 Figures spread through 160 Pages and in-depth TOC on “Global Neonatal and Preterm Infants Enteral Feeding Devices Market”- Forecast to 2030, Global Neonatal and Preterm Infants Enteral Feeding Devices Market, by Product Type (Enteral Feeding Pumps, Low Profile Gastrostomy, PEG Tube, Nasogastric Tube, Gastrostomy Tube, and Giving Set), by End User (Home Care Settings, Hospitals, and Others (Ambulatory Centers, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Moreover, the high mortality rates of preterm infants in developing regions such as African and Southern Asian regions is expected to act as an opportunity for market growth. For instance, according to an article published by the National Center for Biotechnology Information, in February 2021, there is a remarkable gap in the infant mortality rate between developing and developed countries. Therefore, preventative strategies are needed to reduce preterm birth and its burden, especially in developing regions such as African and Southern Asian regions.
Key Takeaways of the Global Neonatal and Preterm Infants Enteral Feeding Devices Market:
- The global neonatal and preterm infants enteral feeding devices market is expected to exhibit a CAGR of 5.1% during the forecast period due to the increasing prevalence of cancer in emerging economies such as India, China, and Brazil is expected to drive the market growth. For instance, according to the Globocan Report 2020, published by International Agency for Research on Cancer, 1,324,413 new cancer cases were seen in India in the year 2020.
- Among product type, the enteral feeding pumps segment is estimated to hold a dominant position in the global neonatal and preterm infants enteral feeding devices market over the forecast period due to increasing product launches by key market players. For instance, in January 2021, FirmlyMedical, a medical device company, announced the launch of ENFit Nasogastric Tubes for Enteral Nutrition in the U.K., which are made of biocompatible, non-toxic, polyurethane material with more tolerance that prevents nasopharyngeal tract irritation.
- Among regions, North America is estimated to account for the largest market share in the global neonatal and preterm infants enteral feeding devices market over the forecast period. For instance, in May 2022, Cardinal Health, a U.S.-based multinational healthcare services company, announced that it had launched ENFit enteral feeding Connection System for its Kangaroo adult nasogastric feeding tubes. This new connection device will help reduce the frequency of medical tubing misconnections.
- The major players operating in the global neonatal and preterm infants enteral feeding devices market include Amsino International, Inc., Cardinal Health, Medtronic, BD, Moog Inc., Avanos Medical Inc., Abbott, Enteral Access Technologies Ltd, Danone, Applied Medical Technology, Inc., Fresenius Kabi, Qosina, and Romsons
