Enteral Feeding Devices Market Analysis and Forecast to 2021: By Product Type (Enteral Feeding Pumps, Enteral Feeding Tubes, Enteral Syringes, Giving Set, Consumables), Age Group (Adults, Pediatrics), Application (Gastrointestinal Diseases, Malnutrition, Neurological Disorders, Other), End User (Hospitals, Home Care Settings, Ambulatory Care Settings), and Region
The global enteral feeding devices market was valued at USD 3.8 billion in 2021 and it is anticipated to reach up to USD 7.1 billion by 2031, at a CAGR of 6.5% during the forecast period.
Enteral feeding is the practice of utilizing a feeding tube to administer nutritionally adequate food or medication to a patient's stomach or intestine. In patients with a healthy GI tract, enteral nutrition either complements oral feeding or takes its place entirely. The clinical nutrition sector has been completely transformed by enteral feeding equipment including feeding pumps and tubes, which are especially effective for malnourished patients. During the forecast period, factors include rising healthcare costs, an increase in preterm births, an aging population, an increase in the prevalence of chronic illnesses like diabetes, cancer, gastrointestinal diseases, and neurological disorders, a rise in awareness of enteral nutrition, and quick advancements in healthcare infrastructure in developing nations are anticipated to further propel the market.
Global Enteral Feeding Devices Market Scope and Report Structure
Market Trends and Drivers
The shift from parenteral to enteral nutrition is likely to boost the growth of the market. Enteral feeding is the practice of administering nutritionally sound food or medication through a feeding tube to a patient's stomach or intestine. In individuals with a healthy gastrointestinal (GI) tract, enteral nutrition replaces oral feeding entirely or supplements it. For patients who are malnourished, enteral feeding equipment such as feeding pumps and tubes have transformed the clinical nutrition sector. During the forecast period, factors include rising healthcare costs, an increase in preterm births, an aging population, an increase in the prevalence of chronic illnesses like diabetes, cancer, gastrointestinal diseases, and neurological disorders, a rise in awareness of enteral nutrition, and quick advancements in healthcare infrastructure in emerging nations are anticipated to further propel the market.
Market Restraints and Challenges
The most successful and economical method for giving patients clinical nutrition is enteral feeding. The usage of these gadgets does come with a few drawbacks, though, and these contribute to the cost of healthcare. The majority of enteral feeding-related issues are minor, although some are more dangerous than others. Even though they are less common and severe, enteral nutrition's metabolic problems are quite comparable to those that arise with parenteral nutrition. Monitoring carefully can help to lessen or stop these issues. But these worries, along with the mortality linked to these issues, serve as a barrier to the widespread use of enteral feeding devices.
Global Enteral Feeding Devices Market Segmental Overview
The report analyses global enteral feeding devices based on product type, age group, application, end user, and region.
Global Enteral Feeding Devices Market by Product Type
Based on product type, it is segmented into enteral feeding pumps, enteral feeding tubes, enteral syringes, giving sets, and consumables. The enterostomy feeding pumps segment is anticipated to hold the majority of the market share during the forecast period. The key factors boosting the growth of the market are rise in usage of the feeding pumps and lesser side effects as compared to other devices.
Global Enteral Feeding Devices Market by Age Group
Based on age group, it is segmented into adult, and pediatric. The pediatric segment is projected as one of the most lucrative segments in the global enteral feeding devices market. The key factor attributing to the growth of the market is the high prevalence of preterm birth across the world.
Global Enteral Feeding Devices Market by Application
Based on application, it is segmented into gastrointestinal diseases, malnutrition, neurological disorders, and others. The key factors attributing to the growth of the segment are an increase in global cancer cases across the globe. Moreover, head and neck cancers, cancers of the gastrointestinal system, lung cancer, and liver cancer, are anticipated to play a vital role in the higher adoption of enteral feeding devices used to supply clinical nutrition to cancer patients.
Global Enteral Feeding Devices Market by End User
Based on end user, it is segmented into hospitals, ambulatory surgical centers, and home care. The hospital segment accounted for the largest share of the market. The key factors propelling the growth of the market are high availability of these products in hospitals & placement tubes in hospitals with a high rate of success. Adding to these, shift from parenteral nutrition to enteral nutrition is also supporting growth of the hospital segment.
Geographical Analysis of Global Enteral Feeding Devices Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe region is anticipated as a leading revenue contributor to the global feeding devices market. The growth of the region is primarily attributed to the early approval of enteral feeding devices and the high adoption of enteral feeding pumps in the region. However, Asia Pacific is likely to grow at the highest CAGR during the forecast period, owing to an increase in affordability, surge in healthcare expenditure, and rise in awareness toward safe enteral feedings products.
Major Players in the Global Enteral Feeding Devices Market
The key players in the global enteral feeding devices market are COVID-19 Impact
Major segments of the medical device industry, including imaging devices, dental care devices, surgical products, and medical supplies (which together account for between 60 and 75 percent of the market for medical devices), experienced a stagnant or sharp decline in growth rate in 2020 and the first quarter of 2021 as a result of the COVID-19 outbreak. By 2021, the market for medical equipment, including critical care medical devices, would expand by USD 5-7 billion. The need for enteral feeding devices to offer nutritional support in seriously ill COVID positive patients has increased as a result of this pandemic. Additionally, the switch from parenteral to enteral feeding as well as the rising demand for enteral feeding devices in the home care industry are promoting market expansion at this time.
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