Comprehensive Analysis On Size, Share, And Drivers Of The Enteral Feeding Devices Market
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The global enteral feeding devices market has experienced substantial growth, expanding from $3.86 billion in 2022 to $4.13 billion in 2023, marking a commendable compound annual growth rate (CAGR) of 7.0%. Projections indicate further expansion, with the market size expected to reach $5.4 billion in 2027, sustaining a CAGR of 6.9%.
Driving Forces: Surge in Preterm Births
The enteral feeding devices market is significantly influenced by the escalating number of preterm births, defined as births occurring before the 37th week of pregnancy. Various factors contribute to this surge, including multiple pregnancies, adolescent pregnancy rates, caesarean deliveries, unnecessary inductions, infections, and chronic conditions like diabetes and high blood pressure. Shockingly, the global preterm birth rate stood at 11%, accounting for approximately 15 million births annually. Alarmingly, 18% of deaths among children under 5 years of age are attributed to preterm birth complications, emphasizing the critical role of enteral feeding devices in addressing the nutritional needs of preterm infants.
Market Giants: Leading Players in Enteral Feeding Devices
Key players dominating the enteral feeding devices market include:
- Fresenius Kabi AG
- Nestle SA
- Moog Inc.
- B.BraunMelsungen AG
- Cardinal Health Inc.
- Conmed Corporation
- Amsino International Inc.
- Applied Medical Technology
- Avanos Medical
- Fidmi Medical
- Vesco Medical, LLC
- Halyard Health
Technological Advancements: Paving the Way Forward
One notable trend shaping the enteral feeding devices market is the integration of technological advancements. Companies are consistently introducing innovative and efficient products to cater to the evolving needs of healthcare professionals. A prime example is the development of a feeding tube navigation system by ENvizion Medical. This Israeli-based company’s ENvue system utilizes an electro-mechanical device with embedded software to create personalized body maps for patients. This enables medical staff to precisely place enteral tubes through oral or nasoenteric routes, ensuring accurate and effective nutritional support.
Market Segmentation: Understanding the Landscape
The global enteral feeding devices market is segmented based on:
- Enteral Feeding Tubes
- Enteral Feeding Pumps
- Administration Sets
- Enteral Syringes
- Other Consumables
- Gastrointestinal Diseases
- Neurological Disorders
- Other Applications
- End User:
- Home Care Settings
- Ambulatory Care Settings
- Other End-Users
Regional Dynamics: North America Leading, Asia-Pacific Rising
As of 2022, North America held the title of the largest region in the enteral feeding devices market. However, all eyes are on Asia-Pacific, poised to emerge as the fastest-growing market during the forecast period. This shift underscores the global nature of the enteral feeding devices market, with varying regional dynamics influencing market trends and growth patterns.
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