The global enteral feeding devices market is expected to reach USD 3.65 billion by 2031, while witnessing a CAGR of 5.71% during the forecast period. Factors primarily attributing to the market growth include: increasing prevalence of chronic diseases, rising incidence of preterm birth, and rising geriatric population across the globe. In addition, increasing adoption of enteral feeding devices in ambulatory surgical centers coupled with growing demand for improved healthcare facilities from emerging economies is considerably driving the market growth. However, complications associated with the use of enteral feeding devices, and stringent government regulations may hamper the market growth upto some extent during 2022-2031.
Enteral feeding refers to the intake of food via the gastrointestinal (GI) tract. EFDs are the devices, designed for providing medications and nutrition to the patients who are unable to meet their nutritional requirements such as supplements, food, and drinks among others via oral route particularly.
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In addition, these devices facilitate better transition of care, faster improvement in wound healing, and decrease staying time of patients in hospital. Enteral feeding devices are witnessing significant growth owing to the benefits they offer such as enhance patient safety and decreased contamination risks.
Enteral Feeding Devices: Rising number of preterm babies is considerably driving the market growth
According to Centers for Disease Control and Prevention, the rate of preterm birth in the United States has increased from 9.57% to 9.85% in 2022-2031 respectively. The preterm deliveries before the 35 weeks gestation, makes them unable to coordinate with the suck and swallow functionality. This has further increased the adoption rate of enteral feeding device in the U.S. Moreover, as per World Health Organization, an estimated 15 million babies are born preterm and complications associated with the preterm such as improper way of delivering medication as well as nutrition are the leading cause of their death. Owing to the aforementioned factors, the demand for enteral feeding devices is expected to increase significantly over the forecast period. The rising number of geriatric population suffering from chronic diseases such as cancers and gastrointestinal disorders is further driving the market growth.
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Global Enteral Feeding Devices Market – Regional Insight
Geographically, enteral feeding devices market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa, and Central & South America. North America is accounted to hold the prominent market share in 2031, and is likely to retain its dominance over the forecast period. The regional growth is primarily driven by growing incidence of chronic diseases, increasing adoption of enteral feeding devices, and presence of prominent players. In addition, rising number of patients undergoing surgeries and minimally invasive therapies is also anticipated to create positive impact on the market growth. Asia-Pacific is expected to register the highest CAGR during 2019-2025. The regional market growth is attributed to the increase in number of geriatric population coupled with the rise in number of preterm births.
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total enteral feeding devices market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the enteral feeding devices market
Finalizing the overall size and share for the global enteral feeding devices market.
The years used for the assessment are as follows;
Historic period: 2015-2017
Base Year: 2018
Forecast period: 2022-2031
To classify the global enteral feeding devices market into segments and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the enteral feeding devices market.
Profiling key companies operating in the global enteral feeding devices market.
To study market response with respect to the mergers and acquisitions in the industry.
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