Enteral Feeding Devices Market 2022-2026 | Outlook To Emerging Trends and Growth Opportunities

The report "Enteral Feeding Devices Market by Type (Feeding Tube (Gastrostomy, Jejunostomy), Feeding Pump, Giving Set), Age Group (Adult, Pediatric), Application (Diabetes, Neurological Disorder, Cancer), End User (Hospital, ACS, Home Care) - Global Forecast to 2026", The global enteral feeding devices market is projected to reach USD 4.9 billion by 2026 from USD 3.5 billion in 2021, growing at a CAGR of 6.6% during the forecast period.

Factors such as rising healthcare costs; a surge in the number of preterm births; growth in the aging population; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders; growing awareness of enteral nutrition; and rapid improvements in healthcare facilities in emerging countries are expected to further drive the market during the forecast period. Moreover, the shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding devices in home and ambulatory care settings are also expected to drive the market in the coming years. However, patient safety risks; rising cases of feeding and medication errors; and the complications associated with enteral feeding tubes such as misconnections, tube dislodgement, and infections are restricting the growth of this market to a certain extent. In addition, insufficient or lack of reimbursements in some developing and underdeveloped countries and a dearth of trained physicians, endoscopists, and nurses across the globe pose significant challenges for the growth of this market.

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Objectives

of the Study:

• To validate the segmentation defined through the assessment of the product portfolios of the leading players in the market

• To understand key industry trends and issues defining the growth objectives of market players

• To gather both demand- and supply-side validation of the key factors affecting market growth, including market drivers, restraints, opportunities, and challenges

• To validate assumptions for the market sizing and forecasting model used for this market study

• To understand the market positions of the leading players in the enteral feeding devices market and their shares/rankings

• To understand the ongoing pricing trends in the market and future expectations

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The prominent players in the enteral feeding devices market are Becton, Dickinson and Company (US), Danone S.A. (France), CONMED Corporation (US), Cardinal Health Inc. (US), Cook Medical (US), Moog Inc. (US), Fresenius Kabi (Germany), Boston Scientific Corporation (US), Vygon Group (France), Nestlé S.A. (Switzerland), B. Braun Melsungen AG (Germany), Avanos Medical Inc. (US), and Baxter International Inc. (US). Other players in the enteral feeding devices market are Applied Medical Technology (US), Amsino International Inc. (US), Omex Medical Technology (India), Danumed Medizintechnik (Germany), Medline Industries, Inc. (US), Fuji Systems Corporation (Japan), Kentec Medical Inc. (US), Vesco Medical LLC (US), Dynarex Corporation (US), Medela Inc. (Switzerland), Alcor Scientific (US), and Romsons Group of Industries (India).

Company Insights

Nestlé is a multinational health, nutrition, and wellness company. It manufactures and markets milk-based products, pharmaceuticals, baby foods and cereals, ophthalmic goods, and cooking aids. The company operates in seven major business segments—Powdered and Liquid Beverages, Petcare, Nutrition and Health Science, Prepared Dishes and Cooking Aids, Milk Products and Ice cream, Confectionary, and Water. The company develops, manufactures, and markets science-based clinical nutrition solutions under its Nutrition and Health Science business segment. This segment provides enteral feeding devices. The company operates in over 186 countries across Zone EMENA (Europe, Middle East, and North Africa), Zone AMS (The Americas), and Zone AOA (Asia, Oceania, and Africa).

Cardinal Health is the one of the leading player in the global enteral feeding devices market. The company is a leading provider of enteral feeding products such as enteral feeding tubes and pumps. Cardinal Health is a multinational, integrated healthcare products and services company that provides solutions to hospitals, clinics, labs, pharmacies, and physicians’ offices. The company operates in two major business segments—Medical and Pharmaceutical. The company started to provide enteral feeding devices after acquiring the Patient Recovery business division from Medtronic in July 2017. Cardinal Health provides enteral feeding devices under the Medical business segment through direct or indirect distributors worldwide. The company serves in 100 countries across Europe, North America, and Asia.

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