Neonatal and preterm infants enteral feeding devices market

Neonatal and Preterm Infants Enteral Feeding Devices Market, by Product Type (Enteral Feeding Pumps, Low Profile Gastrostomy, PEG Tube, Nasogastric Tube, Gastrostomy Tube, and Giving Set), by End User (Home Care Settings, Hospitals, and Others (Ambulatory Centers, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

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Sep 2023
CMI4078
155 Pages
Excel & Pdf
Medical Devices

Summary

The global neonatal and preterm infants enteral feeding devices market is estimated to be valued at US$ 3.25 Billion in 2023 and is expected to exhibit a CAGR of 5.1% during the forecast period (2023-2030).

Analysts’ Views on the Global Neonatal and Preterm Infants Enteral Feeding Devices Market:

Increasing product launches by key market players is expected to drive the market growth over the forecast period. For instance, in January 2021, Sciontec Development Limited, a medical device company, announced that it had invested U$S 971,168 Million to expand its product range and international distribution channels. This investment will enable NGFS’s new DoubleCHEK device to be manufactured in the U.K. and initiate commercialization through a U.K.-wide sales rollout in 2021.

Figure 1. Global Neonatal and Preterm Infants Enteral Feeding Devices Market, Market Share (%), by Product Type, 2023

Global Neonatal and Preterm Infants Enteral Feeding Devices Market- Driver

Increasing product launches by key market players: Increasing product launches by key market players is expected to aid the growth of the global neonatal and preterm infants enteral feeding devices market over the forecast period. For instance, in May 2021, QMD, a medical technology company, announced that it had launched a new Degania line of Bi-Port and Single-Port Feeding Tubes for nasogastric feeding. This product launch will expand the company’s enteral feeding portfolio.

Figure 2. Global Neonatal and Preterm Infants Enteral Feeding Devices Market Share (%), by Region, 2023

Global Neonatal and Preterm Infants Enteral Feeding Devices Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global neonatal and preterm infants enteral feeding devices market over the forecast period. North America holds 37.8% of the market share due to the increasing product approvals by regulatory authorities, which is expected to drive the market over the forecast period.

Global Neonatal and Preterm Infants Enteral Feeding Devices Market- Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization (WHO) declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, faced problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global neonatal and preterm infants enteral feeding devices market. The increasing prevalence of people suffering from COVID-19, who are at risk of being malnourished, requires nutritional support of food that is provided by nasoenteric feeding tubes, and this is expected to drive the market growth. For instance, according to the data published by BioMed Central Journal, in July 2020, the novel coronavirus may infect the gastrointestinal tract, neurological systems, and kidneys which can affect the nutrition delivery among COVID-19 patients. However, nutrition is an important element of care. The nutritional assessment and the early nutritional care management of COVID-19 patients is required. Patients suffering from COVID-19 requires nutritional support, and thus, this increases the demand for nasoenteric feeding tube.

Neonatal and Preterm Infants Enteral Feeding Devices Market Report Coverage

Report Coverage	Details
Base Year:	2022	Market Size in 2023:	US$ 3.25 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 to 2030
Forecast Period 2023 to 2030 CAGR:	5.1%	2030 Value Projection:	US$ 4.6 Bn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Enteral Feeding Pumps, Low Profile Gastrostomy, PEG Tube, Nasogastric Tube, Gastrostomy Tube, Giving Set By End User: Home Care Settings, Hospitals, Others (Ambulatory Centers, etc.)
Companies covered:	Amsino International, Inc., Cardinal Health, Medtronic, BD, Moog Inc., Avanos Medical Inc., Abbott, Enteral Access Technologies Ltd, Danone, Applied Medical Technology, Inc., Fresenius Kabi, Qosina, and Romsons
Growth Drivers:	Increasing product launches by key market players
Restraints & Challenges:	Increasing product recalls by regulatory authorities

Global Neonatal and Preterm Infants Enteral Feeding Devices Market Segmentation:

The global neonatal and preterm infants enteral feeding devices market report is segmented into product type, end user, and region.

Based on product type, the market is segmented into enteral feeding pumps, low profile gastrostomy, peg tube, nasogastric tube, gastrostomy tube, and giving set. Out of which, the enteral feeding pumps segment is expected to hold a dominant position in the global neonatal and preterm infants enteral feeding devices market during the forecast period, and this is attributed to the increasing product launches of enteral feeding pumps.
Based on end user, the market is segmented into home care settings, hospitals, and others (ambulatory centers, etc.). Out of which, the home care setting segment is expected to dominate the market over the forecast period, and this is attributed to the rising number of home care settings.
Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Out of which, North America region is expected to dominate the market over the forecast period, and this is attributed to the increasing product launches in that region

Among all segmentation, the product type segment has the highest potential due to the increasing launch of enteral feeding pumps by key market players.

Global Neonatal and Preterm Infants Enteral Feeding Devices Market Cross Sectional Analysis:

In the product type segment, enteral feeding pumps hold a dominant position in North America due to increasing product launches by key market players. For instance, in October 2022, Rockfield Medical Devices Limited, a commercial-stage medical device company, announced that it had received approval from U.S. Food and Drug Administration Mobility+ Enteral Feeding System. The Mobility+ Enteral Feeding System is a portable, lightweight, non-electronic, enteral feeding system that delivers liquid nutrition formula to an enteral access device (feeding tube) in users aged 2 years and over, in clinical or home care settings

Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Key Developments

For instance, in August 2021, Enteral Access Technologies (E.A.T.), a medical device company, signed its first major distribution agreement with Medicina, a global distributor of medical devices for enteral feeding. Under the terms of the agreement, Medicina will market and sell DoubleCHEK to hospitals and end users in the U.K. and Ireland. The distribution agreement may be expanded to cover additional products and territories in the future.

Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Key Trends

Increasing adoption of technology to safely position feeding tubes: Recent advances in access devices, feeds, and pumps have made enteral feeding a viable option for many clinicians and their patients. The adoption of technology for overcoming complications related to nasoeneteral feeding tubes such as dislodgement (improper positioning of the tube) by the employment of technology is expected to drive the market growth over the forecast period. For instance, Kangaroo Feeding Tube with IRIS Technology, a feeding tube developed by Cardinal Health, a multinational health care services company, is the first disposable feeding tube with an integrated real-time imaging system to visually aid in small bore feeding tube placement. Kangaroo IRIS is designed to: See anatomy in real-time during feeding tube placement, safely and confidently position small-bore feeding tubes at the bedside

Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Restraint

Increasing product recall by regulatory authorities: Increasing product recall by regulatory authorities due to safety issues associated with systems designed to help healthcare professionals place feeding tubes properly is expected to hamper the market growth over the forecast period. For instance, in March 2022, the U.S. Food and Drug Administration announced a recall of the Avanos Medical CORTRAK 2 Enteral Access System of Avanos Medical, Inc., a medical technology company making clinical medical devices. The Avanos Medical CORTRAK 2 Enteral Access System is designed to help trained healthcare personnel place medical feeding tubes into the stomach or small bowel of patients who need to receive nutrition through the tube. Avanos Medical, Inc. is recalling the Cortrak2 Enteral Access System because there have been reports of injuries and patient deaths after nasoenteric or nasogastric tubes have been misplaced when this device is used to help with their placement

Thus, key market players are focued on manufacturing more efficient neonatal and preterm infants enteral feeding devices

Global Neonatal and Preterm Infants Enteral Feeding Devices Market- Key Players

The major players operating in the global neonatal and preterm infants enteral feeding devices market Amsino International, Inc., Cardinal Health, Medtronic, BD, Moog Inc., Avanos Medical Inc., Abbott, Enteral Access Technologies Ltd, Danone, Applied Medical Technology, Inc., Fresenius Kabi, Qosina, and Romsons

Definition: Neonatal and Preterm Infants Enteral Feeding Devices used for enteral feeding for preterm infants or low birth weight infants. Early full enteral feeding, however, increases nutrient intake and growth rates, accelerate intestinal physiological, metabolic, and others, and reduce the risk of complications associated with intravascular devices for fluid administration

Table of Content

Table of Contents

*Browse 28 market data tables and 30 figures on "Global Neonatal and Preterm Infants Feeding Devices Market” - forecast to 2030

Segmentation

Neonatal And Preterm Infants Enteral Feeding Devices Market Detailed Segmentation:

- Frequently Asked Questions -

What is the projected market size and Compound Annual Growth Rate (CAGR) of the global neonatal and preterm infants enteral feeding devices market during the forecast period (2023-2030)?

The global neonatal and preterm infants enteral feeding devices market is estimated to be valued at US$ 3.25 Billion in 2023 and is expected to exhibit a CAGR of 5.1% between 2023 and 2030.

What are the major factors driving the market growth?

Increasing product launches by key market players is expected to drive the market growth.

Which is the leading product type segment in the market?

Enteral feeding pumps is the leading product type segment in the market.

What are the key factors hampering the growth of the market?

Increasing product recalls by regulatory authorities is expected to hinder the global neonatal and preterm infants enteral feeding devices market growth over the forecast period.

Which are the major players operating in the market?

The major players operating in the market include Amsino International, Inc., Cardinal Health, Medtronic, BD, Moog Inc., Avanos Medical Inc., Abbott, Enteral Access Technologies Ltd, Danone, Applied Medical Technology, Inc., Fresenius Kabi, Qosina, and Romsons