Global Enteral Feeding Devices Market Gaining Momentum—Projected to Reach USD 5.1 Billion by 2027

Published | 21 September 2021

The rise in geriatrics, cancer cases, premature births, enteral nutrition, and chronic diseases are driving the use of enteral feeding devices, thereby driving the enteral feeding devices market. Additionally, several technological advances, such as safety features in feeding pumps, along with portable and user-friendly pumps, are also boosting the market..

A study, recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that global enteral feeding devices market was worth USD 3.3 billion in 2020 and is further projected to reach USD 5.1 billion by 2027, at a CAGR of 6.8% during the forecast period (2021-2027). Factors such as the increasing geriatric population, growing prevalence of cancer cases, higher premature births, growing adoption of enteral nutrition, and higher prevalence of chronic diseases, are driving the growth of the global enteral feeding devices market.

Increasing Prevalence of Cancer Cases is Propelling Market growth

Currently, cancer is one of the most challenging diseases, with the number of cases increasing every day. According to the International Agency for Research on Cancer (IARC), there were approximately 19.3 million cancer cases in 2020 with around 10 million deaths. The increasing number of cancer cases and the growing rate of cancer is driving the demand for enteral feeding devices. Devices like these provide the body with the calories, protein, vitamins, minerals, and fluids it needs to function properly. Enteral feeding devices can assist cancer patients who have trouble swallowing food due to cancer in the head, neck, mouth, or elsewhere. These devices are also helpful during malnourishment before or during surgery, chemotherapy, and radiation therapy. According to the IARC, the number of cancer cases is expected to increase in the coming years to more than 28 million by 2040. As a result, demand for enteral feeding devices is also expected to increase in the coming year and contribute to the growth of the global market.

Oncology Segment of Enteral Feeding Devices Market is Booming

The global enteral feeding devices market is segmented into oncology, gastrointestinal diseases, and others. The Oncology segment dominated the market in 2020 owing to the large number of cancer cases, delay in diagnosis of cancer, and lack of awareness among the population for cancer diagnosis. Globally, this segment will continue to dominate over the forecast period as well, with more than 21.6 million annual cancer cases expected by 2025, with an increase of 12%, predicts the International Agency for Research on Cancer (IARC). As cancer cases increase, enteral feeding devices are expected to grow in demand and drive growth in the oncology segment during the forecast period.

Impact of COVID-19 on Enteral Feeding Devices Market

There was a spike in Coronavirus cases across the globe in the wake of the COVID-19 outbreak. As the world focused on controlling Coronavirus outbreaks, the demand for enteral feeding devices declined. The disruption of the supply chain and difficulty obtaining raw materials for the manufacture of enteral feeding devices further affected the market. Moreover, the trade restrictions from the government and nationwide lockdowns also caused problems for the market as patients were unable to visit doctors and hospitals for treatment.

Additionally, the global enteral feeding devices market was also adversely affected by a shortage of healthcare workers. However, with the market reopening and vaccination drives going on in full swing, the global enteral feeding devices market is expected to recover swiftly. However, the lack of healthcare workers and the threat of the third wave of the COVID-19 is expected to slow down the rate of the recovery of the market.

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North America Dominates the Global Enteral Feeding Devices Market

Based on regions, the global enteral feeding devices market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these regions, North America, holds the largest market share. The large number of cancer cases in the region is the primary reason for the region’s dominant share in the global enteral feeding devices market. According to the American Cancer Society, there were around 1.7 million cancer cases in 2019 and the number went up to 1.8 million in 2020. The growing cases of diabetes and large cases of cardiovascular diseases (CVDs) in the region are other factors supporting the dominant share of the region in the global enteral feeding devices market.

Competitive Landscape

Due to the large number of players involved, the global enteral feeding devices market is highly fragmented. Companies active in new product development, expansion, and acquisition stay competitive in the market. Some key players in the global enteral feeding devices market are Fresenius Kabi, Danone, Nestlé S.A., Boston Scientific Corporation, B. Braun Melsungen AG, Avanos Medical, Abbott Laboratories, Cardinal Health, Inc., Moog, Inc., CONMED Corporation, Cook Medical, Becton, Dickinson and Company, ALCOR Scientific, Amsino International Inc., Owens & Minor, Inc., Vygon SA, Applied Medical Technology, Beijing ZKSK Technology, KB Medical Group Inc., Eraser Medikal Ltd. Şti., and other prominent players.

Recent Developments

In September 2021, Enteral Access Technologies (E.A.T.) received the CE Mark for its DoubleCHEK device, an enteral feeding device that uses CO2 and pH indicators to help clinicians place naso/orogastric tubes safely and quickly in any environment. E.A.T., is a Liverpool-based company that has recently obtained a UKCA mark and signed an agreement with Medicina, a large healthcare distributor.

Don’t miss the business opportunity of the global enteral feeding devices market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global enteral feeding devices market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global enteral feeding devices market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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