Enteral Feeding Devices – Future Forecast Indicates Impressive Growth Rate

The enteral feeding devices market is projected to reach USD 4.1 billion by 2024 from USD 2.9 billion in 2019, at a CAGR of 6.7%. Enteral feeding Devices have evolved significantly owing to various technological advancements, such as the introduction of programming and safety features in feeding pumps as well as user-friendly and portable feeding pumps. The demand for these devices has grown in recent years mainly due to the rising healthcare costs, growing number of preterm births, rising awareness of enteral nutrition, and healthcare infrastructural development, most notably in emerging markets. Moreover, the shift from parenteral nutrition to enteral nutrition and the 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.

Based on type, the enteral feeding devices market segmented into enteral feeding tubes, administration sets, enteral syringes, enteral feeding pumps, and consumables. In 2018, the enteral feeding tubes segment accounted for the largest share of the enteral feeding devices, followed by administration sets. The enteral feeding tubes segment will continue to dominate the market by 2024 with the rising adoption of enteral feeding across the globe as a number of tube types are being adopted for different patient needs.

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Based on age group, the enteral feeding devices market is segmented into adults (18 years and over) and pediatrics (neonates under 1 month, infants between 1 month and 2 years of age, children between 2 and 12 years, and adolescents between 12 and 16 years). Adults account for the larger share of the market, by age group. This can be attributed to the growing incidence of malnutrition-causing chronic diseases and disorders among adult patients and the rapid increase in the geriatric population.

Based on application, the enteral feeding devices market is segmented into oncology, gastrointestinal disorders, neurological disorders, diabetes, hypermetabolism, and other applications. The oncology segment is further subsegmented into head & neck cancers, stomach & gastrointestinal cancers, liver cancer, pancreatic cancer, esophageal cancer, and other cancers. The increase in the prevalence of various types of cancers—especially head and neck cancers, gastrointestinal, lung, and liver cancer—is expected to play a major role in the adoption of enteral feeding devices.

Geographically, the enteral feeding devices market in the Asia Pacific is expected to register the highest CAGR during the forecast period. This region is expected to grow at the highest pace primarily due to the rising preterm births, rising geriatric population, growing awareness of enteral nutrition, and unfulfilled medical needs in emerging economies, given the rapid development of healthcare facilities. Key players have shifted their focus to the emerging economies in these regions, focusing on expansion and acquisition to garner a greater market share and ensure their growth in the upcoming years.

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