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 devices market has exhibited robust growth, escalating from $4.2 billion in 2023 to an estimated $4.55 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 8.2%. This surge is attributed to various factors, including an aging population, increased prevalence of chronic diseases, rising hospital admissions, expanding home-based care, and regulatory support.

Key Market Insights:

• Market Size Growth: From $4.2 billion (2023) to $4.55 billion (2024) at a CAGR of 8.2%
• Contributing Factors: Aging population, chronic diseases, hospital admissions, home-based care, regulatory support

Future Outlook
Anticipated to maintain its trajectory, the enteral feeding devices market is projected to reach $6.39 billion in 2028, reflecting a CAGR of 8.9%. This optimistic forecast is influenced by factors such as the growing emphasis on patient-centric care, emerging markets, health insurance reimbursement, sustainability initiatives, and ongoing research and development efforts.

Future Trends:

• Patient-Centric Care: Increasing focus on personalized patient care
• Technological Integration: Utilizing artificial intelligence in enteral feeding systems
• Compact Solutions: Development of portable and space-efficient devices
• Infection Control: Minimizing infection risks associated with enteral feeding devices

The Impact of Preterm Births
The enteral feeding devices market is witnessing a significant boost due to a surge in preterm births. Babies born before the 37th week of pregnancy often require enteral feeding devices to supplement breast milk. The rise in preterm births is attributed to factors like multiple pregnancies, adolescent pregnancy rates, early caesarean deliveries, unnecessary inductions, infections, and chronic conditions such as diabetes and high blood pressure.

Notable Statistic:

• According to the Centers for Disease Control and Prevention, the preterm birth rate in the US increased by 4% in 2021, reaching 10.48%.

Competitive Edge Through Formulation
Major players in the market are concentrating on developing enteral feeding devices that deliver thick and homogenized formulas. These formulas are crucial for individuals with swallowing difficulties or specific dietary requirements. For instance, Cardinal Health Inc. introduced the Kangaroo OMNI Enteral Feeding Pump, designed to deliver nutrition and hydration seamlessly from hospital to home. This innovative pump sets a benchmark for enteral feeding technology, enhancing patients’ nutritional care in various settings.

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Noteworthy Product Launch:

• Cardinal Health Inc.’s Kangaroo OMNI Enteral Feeding Pump for delivering thick, blended formulas

Industry Consolidation: ICU Medical Inc. Acquires Smith Group PLC
In January 2022, ICU Medical Inc. acquired Smiths Group plc, a UK-based company specializing in enteral feeding devices. This strategic move is expected to amplify ICU Medical’s capabilities, strengthening its commitment to customer satisfaction and transparent operations.

Acquisition Highlights:

• Acquirer: ICU Medical Inc.
• Acquired: Smiths Group plc
• Focus: Expanding company culture, adding value, and meeting customer demands

Market Segmentation

The enteral feeding devices market is segmented based on products, applications, and end-users.

1. Product Segmentation:
   • Enteral Feeding Tubes
   • Enteral Feeding Pumps
   • Administration Sets
   • Enteral Syringes
   • Other Consumables
2. Application Segmentation:
   • Oncology
   • Gastrointestinal Diseases
   • Neurological Disorders
   • Diabetes
   • Other Applications
3. End-User Segmentation:
   • Hospitals
   • Home Care Settings
   • Ambulatory Care Settings
   • Other End-Users

Regional Dynamics
North America led the enteral feeding devices market in 2023, while Asia-Pacific is projected to witness the fastest growth during the forecast period.

Regional Insights:

• Largest Market: North America (2023)
• Fastest Growing: Asia-Pacific

In conclusion, the enteral feeding devices market is navigating an era of substantial growth, driven by a confluence of factors ranging from demographic shifts to technological innovations. As the industry evolves, companies continue to focus on meeting the diverse needs of patients while striving for advancements that ensure sustainability and efficiency in enteral feeding solutions.

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