Global Enteral Devices Market Eyes 6% Growth Rate by 2026 – Driven by the Surge in Enteral Nutrition Adoption
Rising prevalence of chronic diseases, rising demand for enteral feeding devices in-home care settings, increasing adoption of enteral nutrition, rising geriatric population, an increasing number of preterm births, shift from parenteral to enteral nutrition, and growing awareness regarding enteral nutrition are some of the key factors driving the global enteral feeding devices market.
Nutrition is vital for overall health as well as the prevention and management of a number of disorders. The administration of nutrients directly into the digestive tract via a feeding tube is known as enteral feeding.
Enteral feeding devices are used in individuals who have a functional and accessible GI tract but are unable to intake or absorb enough foods to maintain appropriate nutrition and hydration. For many people, enteral nutrition assistance is a lifesaving tool for preventing or treating nutritional deficiency, which can cause tissue disintegration, reduced immune function, and poor wound healing. The most common forms of enteral feeding devices on the market are the nasogastric tube (NGT), the orogastric tube (OGT), the gastrostomy tube, the jejunostomy tube, the nasoenteric tube, and the oroenteric tube.
Enteral Feeding Devices Market is being driven by a shift away from parenteral nutrition and toward enteral nutrition
In general, medical professionals prefer enteral feeding to parenteral feeding. This is because enteral nourishment is less expensive, gentler on the body, and has less difficulties. It provides a safe and effective alternative for persons suffering from sickness or accident to preserve energy and aid recovery. Additionally, feeding tubes are less difficult to clean and sanitize than IVs, catheters, or ports.
Rising
popularity of home enteral nutrition (HEN) is driving up demand.
HEN is
appropriate for a wide range of persons with a wide range of ailments and
circumstances. Enteral nutrition therapy begins during a hospital stay and is
continued at home as a long-term therapy. Because of rising hospital costs, HEN
is seen as a critical cost-effective and safe treatment for patients who require
ongoing nutritional care after discharge. As a result, growing use of HEN
in-home care is projected to drive demand for enteral feeding devices in the
future years.
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Key
Market Obstacles: Enteral Feeding Devices Market
Enteral Feeding Devices Market Reimbursement
concerns and difficulties connected with enteral feeding tubes are some of the
primary factors that are expected to impede the growth of the enteral feeding
devices market. Skin irritation, aspiration, refeeding syndrome, nausea,
vomiting, diarrhoea, tube obstruction, and tube dislodging are among issues
connected with enteral feeding systems.
North America is expected to maintain its
dominant position in the enteral feeding device market.
North
America now controls a sizable portion of the worldwide enteral feeding device
industry. It is likely to maintain a significant position in the next years,
owing to the rising prevalence of chronic illnesses, an aging population, the
adoption of technologically sophisticated products, and increased knowledge of
enteral nutrition in the area.
Competitive
Landscape Analysis: Enteral Feeding Devices Market
Some of the key players operating in the enteral
feeding devices market are Danone, B. Braun Melsungen AG, Cook Medical,
Conmed Corporation, BD, Abbott Laboratories, Vygon SA, among others.
Organic and inorganic growth strategies used by firms to get a market foothold
To gain market share, players in this market are implementing organic and inorganic growth methods such as partnerships, acquisitions, and new product releases. As an example,
- In March 2022, Macatt Medica, a distribution firm based in Lima, Peru, has been acquired by Vygon SA. The bulk of Vygon's goods, including a wide range of enteral nutrition products, are distributed in Peru by the firm.
- In February 2022, Alcor Scientific announced that they have entered into a strategic partnership with health care investor Water Street Healthcare Partners where Water Street will invest capital in Alcor’s expansion.
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