REPORT OVERVIEW
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The global neonatal infants enteral feeding devices market size was USD 187.8 million in 2022. As per our research, the market is expected to reach USD 303 million in 2028, exhibiting a CAGR of 8.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Neonatal infants enteral feeding devices are a range of medical instruments and equipment specifically designed to provide essential nutrition to newborns, particularly those who are premature, ill, or have difficulty feeding orally. Enteral feeding refers to the delivery of nutrients directly into the gastrointestinal tract, which includes the stomach and intestines. This method is preferred when newborns are unable to feed by mouth due to various medical conditions. Feeding tubes are thin, flexible tubes that are inserted through the baby's nose or mouth and passed down into the stomach or intestine.
The condition of the infant and the planned period of feeding will determine which tube is used. To reduce irritation, tubes can be either temporary or long-term and made of various materials (such as silicone or polyurethane). This tube is placed into the stomach through the nose. Short-term feeding, medicine delivery, or gastric decompression (lowering stomach pressure) are all popular uses for it. These tubes are put deeper into the small intestine (duodenum or jejunum), much like an NG tube. They are frequently utilized when the stomach needs to be bypassed because of problems like reflux or an increased risk of aspiration.
COVID-19 Impact: Industry Shutdown Causes Market Distortion
The COVID-19 outbreak caused problems for manufacturers of healthcare materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for healthcare. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall healthcare industry. This has partially impacted the neonatal infants enteral feeding devices industry.
LATEST TRENDS
"Minimally Invasive Solutions to Boost the Market Growth"
Minimally invasive solutions in the Neonatal Infants Enteral Feeding Devices industry refer to devices and techniques that aim to reduce the invasiveness and discomfort associated with feeding interventions for premature or ill newborns. It may be possible to lessen the discomfort and potential tissue damage during insertion by creating feeding tubes that are thinner and more flexible. These tubes are frequently constructed of soft, high-quality medical materials. Nasogastric tubes are put into the stomach through the nose. They are frequently used for short-term feeding and are less intrusive than certain other options, such as surgical gastrostomy tubes. Thus, a key trend that is opening up potential for the industry to grow is the growing minimally invasive solution. These new developments are mostly to blame for the market's overall growth.
SEGMENTATION
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- By Types
Based on type, the market is classified into Enteral Feeding Pumps, Enteral Feeding Tubes & Consumables.
- By Application
Based on the market is categorized into Hospital & Home Use.
DRIVING FACTORS
"Nutritional Importance to Give the Market Extra Boost"
The growing awareness of nutritional importance in the Neonatal Infants Enteral Feeding Devices industry is a significant factor driving the development and adoption of specialized feeding solutions. Nutritional support during the neonatal period is essential for optimum growth, cognitive development, and general health, according to medical professionals and parents. The demand for enteral feeding systems that can administer precise and balanced nutrients to satisfy the specific demands of premature and unwell infants has increased as a result of this awareness. Healthcare professionals are looking for cutting-edge feeding solutions that will guarantee infants receive crucial nutrients from the beginning because they are aware of the potential long-term effects of poor nutrition. As a result, the market is expected to continue to grow in the coming years. As a result, the growth, and the increased awareness of nutritional importance will boost the market. It will contribute to the expansion of the healthcare industry and it will improve the overall neonatal infants enteral feeding devices market growth.
"Technological Advancement to Encourage Market Expansion"
Advancements in neonatal care have greatly influenced the Neonatal Infants Enteral Feeding Devices industry by driving innovation, improving patient outcomes, and enhancing the overall quality of care for premature and ill newborns. Newborns experience less discomfort and difficulties because to more precise and minimally invasive feeding tube placement techniques made possible by advancements in medical technology. Healthcare professionals can precisely monitor feeding rates, quantities, and patient responses thanks to the integration of sensors and real-time monitoring systems in enteral feeding devices, which enables them to create feeding programmers that are more specialized and precise. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.
RESTRAINING FACTORS
"High Cost to Impede Market Expansion"
The market expansion is being hampered by expensive development costs. It takes significant investments in research, development, and clinical trials to create specialized devices for newborn care, which might be a hurdle for smaller businesses. These limit the market's ability to grow. These limitations limit the market's overall growth. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.
REGIONAL INSIGHTS
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"North America Dominating the Market Across the Globe"
The market for neonatal infants enteral feeding devices in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the neonatal infants enteral feeding devices market share is the growing demand of products in hospital & home use one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- Avonas Medical (U.S.)
- Medela (Switzerland)
- Cardinal Health (U.S.)
- Fresenius (Germany)
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost neonatal infants enteral feeding devices market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 187.8 Million in 2022 |
Market Size Value By |
US$ 303 Million by 2028 |
Growth Rate |
CAGR of 8.3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the neonatal infants enteral feeding devices market expected to touch by 2028?
Based on our research, the neonatal infants enteral feeding devices industry is projected to touch USD 303 million by 2028.
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What CAGR is the neonatal infants enteral feeding devices market expected to exhibit by 2028?
The neonatal infants enteral feeding devices market is expected to exhibit a CAGR of 8.3% by 2028.
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Which are the driving factors of the neonatal infants enteral feeding devices market?
Nutritional importance that gives the neonatal infants enteral feeding devices market extra boost & technological advancement to encourage market expansion.
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What is the restraining factor of the neonatal infants enteral feeding devices market?
High cost to impede neonatal infants enteral feeding devices market expansion.