Introduction
The research study on the enteral feeding devices market went through five stages: secondary research, primary research, subject matter expert consultation, quality check, and final review. To evaluate and forecast the market data, statistical and convincing models were utilised. Market shares and significant trends were also considered when the report was being created. Additional data models that may be used include the Vendor Positioning Grid, Market TimeLine Analysis, Market Overview and Guide, Company Market Share Analysis, Company Positioning Grid, Standards of Measurement, Top to Bottom Analysis, and Vendor Share Analysis.
Definition
Enteral feeding, which includes oral and tube feeding, is the process of swallowing food through the digestive system. These feedings are often administered when a person is unable to satisfy the nutritional needs of his or her body. The nasogastric tube (NGT), orogastric tube (OGT), jejunostomy tube, nasoenteric tube, and or enteric tube are the most used enteral feeding devices. These tubes support patients’ GI tract health while ensuring they receive the nourishment their bodies require.
Market size of enteral feeding devices market
- According to Data Bridge Market Research, the enteral feeding devices market, which is predicted to grow from its current value of USD 3.29 billion in 2022 to USD 5.49 billion in 2030, at a CAGR of 6.6% from 2023 to 2030.
- The market reports compiled by Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. These insights on market scenarios include market value, growth rate, segmentation, geographic coverage, and major players.
- The effects of cancer on society are profound not just in the United States but also globally. In the United States, an estimated 1,735,350 new cases of cancer were identified in 2018, while 609,640 individuals passed away from the illness.
- A cancer patient’s nutrition is helped with an internal feeding apparatus. Due to the hazards associated with intravenous nourishment and its greater cost, enteral feeding is typically chosen over parenteral nutrition in patients with a functional gastrointestinal tract. This preference has helped the market for enteral feeding systems expand.
Challenges in enteral feeding devices market
Gastrostomy and jejunostomy feeding tubes are often implanted and used for long-term home enteral nutrition assistance, according to the National Center for Biotechnology Information. Even while the placement of these tubes is often accompanied by minimal morbidity, continued usage can lead to a number of issues and illnesses that can seriously impair quality of life as well as cause significant financial hardship. The market for enteral feeding systems in the region is only slowly growing due to all of these factors.
This study on the enteral feeding devices market details recent developments, trade laws, import-export trends, production analysis, value chain optimization, market share, and the effects of domestic and regional market participants. It also examines opportunities for new revenue streams, regulatory shifts, category market expansions, application niches and dominance, product approvals, and product launches.
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COVID-19 Impact on the Enteral Feeding Devices Market
COVID-19’s influence has increased exponentially. Enteral feeding apparatuses have forced advancements in patient care and give Covid-Virus patients more nutritional assistance. Enteral feeding apparatuses including feeding tubes and administration sets saw a rise in demand during the epidemic, fueling market expansion. A series of recommendations for patients and medical personnel who offer nutritional assistance for the patient have also been created by the National Nurses Nutrition Group. Due to travel bans, lockdowns, and company closures, the COVID-19 pandemic has had a detrimental effect on the world economy and different businesses.
On the other hand, the COVID-19 pandemic has positively impacted the world market for enteral feeding devices. The COVID-19 virus spread to millions of individuals, increasing the need for enteral feeding systems to give nutritional assistance for COVID positive patients who are severely sick. Additionally, the shift from parenteral to enteral feeding and the rise in demand for enteral feeding equipment in the home care industry contributed to the market’s expansion during this time.
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