Global Enteral Feeding Devices Market By Type (Feeding Pump, Feeding Tube, Syringes), Age Group (Adult, Pediatric), Application (Oncology, Diabetes, Hypermetabolism), End User (Hospital, Home Care) - Global Forecast To 2027
The global enteral feeding devices market is expected to grow at a CAGR of ~6.2% from 2021 to reach ~4.74x billion by 2027. The growth is primarily attributed to technological advancements, user friendly application, safety in portable feeding pumps, rising healthcare costs, growing aging population, prevalence of chronic diseases, rising awareness for enteral nutrition, increasing number of preterm births and rapidly improving healthcare facilities. Rising prevalence of cancer in India, China offers significant growth opportunities. However, insufficient reimbursement can hinder the growth of this market.
Enteral feeding tubes segment accounted for the largest share of enteral feeding pumps market. The largest share of this market is mainly due to rising adoption of enteral feeding, growing demand and introduction of new enteral connectors. The new enteral connectors provide improved patient safety and reduce the incidence of medical device tubing misconnections.
On the basis of age group, enteral feeding pumps market is segmented into adults and pediatrics. Pediatric segment is expected to register highest CAGR in the forecast period. The growth of this segment can be attributed to rise in number of births in emerging countries and preterm births across the globe.
Based on application segregation, oncology segment accounted for largest market share in 2020. The large share of this market segment can be mainly attributed to prevalence of cancers and growing adoption of enteral feeding devices to provide nutrition to cancer patients.
Home care settings segment is expected to register highest CAGR during the forecast period. The growth of this segment can be ascribed by reimbursement policies for home enteral nutrition, increasing burden on hospitals, growing hospital costs and availability of user-friendly feeding devices.
In 2020, North America accounted for largest share of Enteral feeding pumps market. The largest share of this regional segment can be attributed to high adoption of advanced technology and patient-friendly healthcare infrastructure. APAC is expected to grow at highest CAGR during the forecast period. High growth of this geographic segment is mainly attributed to rising geriatric population, increasing awareness, rising number of preterm births, rapidly developing healthcare and shifting focus of global leaders to Asian countries.
Key players operating in this market are: