Neonatal Infants Enteral Feeding Devices Market to Reach $2.58 Billion by 2029 | Key Drivers and Future Outlook
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What Is the Estimated Market Size of the Neonatal Infants Enteral Feeding Devices Market In 2029?
The market for neonatal infants’ enteral feeding devices has seen stable growth over the past few years. The prediction is that it will expand from a value of $2.16 billion in 2024 to $2.25 billion in 2025, showing a compound annual growth rate (CAGR) of 3.9%. Factors such as escalating rates of premature births, increased frequency of neonatal disorders, more demand for specialized care for newborns, and growth in healthcare infrastructure contribute to this historical growth.
What Growth Rate Is Forecasted for the Neonatal Infants Enteral Feeding Devices Market by 2029?
In the coming years, the neonatal infants enteral feeding devices market is anticipated to experience consistent growth, expanding to $2.58 billion in 2029 at a compound annual growth rate (CAGR) of 3.5%. The projected growth during this period is primarily due to the rising use of enteral nutrition in neonatal intensive care units, increased investment in healthcare infrastructure in developing markets, heightened awareness of the benefits of enteral feeding for newborns, the growing usage of enteral feeding devices in home-based care settings, and enhancements in enteral feeding technology leading to better patient results. Key trends for the forecast period incorporate technological progress, the shrinking size of enteral feeding devices, the incorporation of smart technology for remote monitoring, the creation of specialized enteral formulas for newborns, a focus on preventing and controlling infections, and personalized nutrition plans for tailored care.
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Which Key Companies Are Shaping the Future of the Neonatal Infants Enteral Feeding Devices Market?
Major companies operating in the neonatal infants enteral feeding devices market are Cardinal Health Inc., Abbott Inc., 3M, Medtronic Plc, Kimberly-Clark Corporation, Becton Dickinson and Company, Boston Scientific Corporation, Fresenius Kabi AG, Terumo Corporation, Coloplast Corp., B. Braun Melsungen AG, Moog Inc., Cook Medical Inc., Teleflex Incorporated, ConvaTec Inc., Halyard Health Inc., Hollister Incorporated, CONMED Corporation, Avanos Medical Inc., Amsino International Inc., Nutricia, Vygon SA, Wellspect Healthcare, Applied Medical Technology Inc., Qosina Corporation
Which Factors Are Driving Demand in the Neonatal Infants Enteral Feeding Devices Industry?
An increase in the occurrence of preterm births is projected to spur the expansion of the neonatal infant enteral feeding devices market. Preterm births are those that occur prior to the completion of 37 weeks of pregnancy and may lead to various health challenges for the newborn due to their incomplete development. Factors contributing to preterm births include advanced maternal age, lifestyle factors, the use of assisted reproductive technologies, maternal health issues, and environmental factors. Neonatal infant enteral feeding devices are critical tools in the management of preterm births as they convey vital nutrients directly to the stomach or intestines of infants who are unable to feed orally. This aids in supporting their growth and development. In May 2024, the Office for National Statistics, a governmental organization based in the UK, reported a minor increase in the percentage of live preterm births from 7.5% in 2021 to 7.9% in 2022. Consequently, the increasing incidence of preterm birth is fueling the growth of the neonatal infant enteral feeding devices market.
Neonatal Infants Enteral Feeding Devices Market Driver: Surge in Neonatal Admissions Sparks Growth In The NICU Catheter Market
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How Is the Neonatal Infants Enteral Feeding Devices Market Segmented by Several Divisions?
The neonatal infants enteral feeding devices market covered in this report is segmented –
1) By Product Type: Gastrostomy Tubes, Jejunostomy Tubes, Duodenostomy Tubes, Nasal Feeding Tubes, Oropharyngeal Feeding Tubes
2) By Material: Silicone, Polyurethane, Polyvinyl Chloride
3) By Size: Preterm, Full Term
4) By Application: Clinic, Hospital, Ambulatory Care, Home Use, Other Applications
Subsegments:
1) By Gastrostomy Tubes: Percutaneous Endoscopic Gastrostomy (Peg) Tubes, Balloon Gastrostomy Tubes, Non-Balloon Gastrostomy Tubes
2) By Jejunostomy Tubes: Percutaneous Endoscopic Jejunostomy (Pej) Tubes, Balloon Jejunostomy Tubes, Non-Balloon Jejunostomy Tubes
3) By Duodenostomy Tubes: Percutaneous Endoscopic Duodenostomy Tubes, Balloon Duodenostomy Tubes, Non-Balloon Duodenostomy Tubes
4) By Nasal Feeding Tubes: Nasogastric (Ng) Tubes, Nasoduodenal (Nd) Tubes, Nasojejunal (Nj) Tubes
5) By Oropharyngeal Feeding Tubes: Oro-Gastric (Og) Tubes, Oro-Pharyngeal Nasal Tubes
What are the Emerging Market Trends Driving the Growth of the Neonatal Infants Enteral Feeding Devices Industry?
Renowned companies in the neonatal infant enteral feeding devices market are innovating products infused with more sophisticated technologies such as real-time assessment technology, aiming to monitor infant feeding and ensure excellent nutrition, which subsequently minimizes the chance of complications. The incorporation of real-time assessment technology into infant enteral feeding devices enhances accuracy in feeding, boosting safety, allowing early detection of any issues, aiding data-informed decisions, including parents in the process, and ultimately leading to improved efficiency in the provision of neonatal care. In August 2023, for example, Cardinal Health, a U.S. company specializing in healthcare services and products, introduced its revolutionary NTrainer System 2.0. This medical device is designed to expedite the development of oral coordination skills in premature and newborn infants, thereby facilitating quicker transitioning to self-feeding. The NTrainer System 2.0 is the only FDA Class II biofeedback device available that aids premature and newborn infants in developing the non-nutritive sucking (NNS) skills required for autonomous oral feeding. The device leverages the power of real-time assessment technology, providing health practitioners with concrete data to track an infant’s progression in acquiring pre-feeding abilities.
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Which Regions Are Driving Growth in the Neonatal Infants Enteral Feeding Devices Market?
North America was the largest region in the neonatal infants enteral feeding devices market in 2024. The regions covered in the neonatal infants enteral feeding devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the neonatal infants enteral feeding devices market, and how is it changing globally?
2. Who are the major companies in the neonatal infants enteral feeding devices market, and how are they performing?
3. What are the key opportunities and risks in the neonatal infants enteral feeding devices market right now?
4. Which products or customer segments are growing the most in the neonatal infants enteral feeding devices market?
5. What factors are helping or slowing down the growth of the neonatal infants enteral feeding devices market?
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