Global Enteral Feeding Tube Equipment Market Report 2024: Size, Drivers, And Top Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The enteral feeding tube equipment market size has seen strong growth in recent years, rising from $2.48 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. This growth in the historic period is attributed to the rising incidence of chronic diseases, an increasing elderly population, growing awareness of nutritional needs, the expansion of home healthcare services, and improvements in healthcare infrastructure. The enteral feeding tube equipment market is anticipated to continue growing robustly, expected to reach $3.43 billion in 2028 at a CAGR of 6.7%. The growth in this forecast period can be attributed to the increasing prevalence of gastrointestinal disorders, rising demand for home-based healthcare solutions, a growing geriatric population, expanding global healthcare access, and increasing adoption of enteral nutrition in clinical settings. Significant trends that will shape this market include advancements in medical technology, integration of smart technology, growth in minimally invasive procedures, expansion of the home care market, and the development of personalized nutrition solutions.
The increasing incidence of chronic diseases is set to propel the growth of the enteral feeding tube equipment market, as these devices are essential for patients unable to consume food orally due to conditions like cancer or gastrointestinal issues. Chronic diseases are long-term health conditions driven by factors such as aging populations, sedentary lifestyles, poor diets, and rising obesity rates. Enteral feeding tubes ensure that patients receive the necessary nutrients and medications for ongoing care. As of April 2022, the National Association of Chronic Disease Directors reported that almost 60% of adults have at least one chronic disease, with 40% having multiple chronic conditions, costing the US economy around $2 trillion annually by 2030. The rising incidence of these conditions is driving growth in the enteral feeding tube equipment market.
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What Are The Key Trends That Influence Enteral Feeding Tube Equipment Market Share Analysis?
Major companies in the enteral feeding tube equipment market are focusing on the development of innovative products, such as electromagnetic navigation systems, to improve the accuracy, safety, and ease of tube placement and monitoring for patients requiring enteral nutrition. Electromagnetic navigation systems represent advanced technologies utilized to guide and monitor the placement of medical devices like feeding tubes within the body. For instance, in October 2021, ENvizion Medical Ltd., a U.S.-based medical device company, launched a feeding tube navigation system designed for accurate enteral tube placement in adult patients, serving as an alternative to traditional blind insertions and radiography-based methods. This system addresses the challenges associated with conventional feeding tube insertions, which often rely on blind techniques or radiography, thus reducing the risk of complications. It signifies a major advancement in enteral feeding technology, emphasizing safety, efficiency, and improved patient care.
Which Market Players Are Driving Growth In The Enteral Feeding Tube Equipment Market?
Major companies operating in the enteral feeding tube equipment market are Cardinal Health Inc., Johnson & Johnson Services Inc., Fresenius Kabi AG, Abbott Laboratories, Medtronic plc, Danone S.A., Kimberly-Clark Corporation, Baxter International Inc., B. Braun Melsungen AG, Nestlé Health Science, Terumo Corporation, C.R. Bard Inc., Smiths Medical India Pvt. Ltd., Coloplast A/S, Moog Inc., Cook Medical Inc., ConvaTec Group plc, Hollister Incorporated, Halyard Health Inc., Amsino International Inc., Vygon SA, Hart Medical Equipment, Alcor Scientific, Zevex Inc.
How Is The Global Enteral Feeding Tube Equipment Market Segmented?
The enteral feeding tube equipmentmarket covered in this report is segmented –
1) By Type: Gastrostomy Tube, Nasoenteric Tube, Other Types
2) By Application: Oncology, Gastroenterology, Neurology, Diabetes, Other Applications
3) By End-User: Hospitals, Home Care Settings, Ambulatory Care Settings, Other End Users
Read The Full Enteral Feeding Tube Equipment Market Report Here
The Enteral Feeding Tube Equipment Global Market Report 2024 provides an overview of the enteral feeding tube equipmentmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The enteral feeding tube equipment market forecast analyzes enteral feeding tube equipment market size, enteral feeding tube equipment market share, leading competitor and their market positions.
The Table Of Content For The Enteral Feeding Tube Equipment Market Include
1. Enteral Feeding Tube Equipment Market Executive Summary
2. Enteral Feeding Tube Equipment Market Segments
3. Enteral Feeding Tube Equipment Market Size And Template Market Growth Rate
4. Key Enteral Feeding Tube Equipment Market Trends
5. Major Enteral Feeding Tube Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Enteral Feeding Tube Equipment Market
26. Top Enteral Feeding Tube Equipment Companies
27. Enteral Feeding Tube Equipment Market Opportunities And Strategies
28. Enteral Feeding Tube Equipment Market, Conclusions And Recommendations
29. Appendix
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