Fresenius Kabi (Germany), Nestle S.A. (Switzerland) and Cardinal Health (US) are Leading Players in the Enteral Feeding Devices Market
The global enteral feeding devices market is projected to reach USD 5.2 billion by 2027 from USD 3.7 billion in 2022, growing at a CAGR of 6.9% during the forecast period. Enteral feeding devices are extensively used for delivering medication and nutrition therapy during the healthcare treatments. Growth in this market is largely driven by the shift from parenteral to enteral nutrition. Additionally, the growing use of enteral feeding in the home care treatments, high incidence of preterm births and genetic disorders among neonatal and pediatrics, and the growing prevalence of chronic diseases are also driving the market growth. However, insufficient reimbursements for enteral nutrition and the complications associated with the use of enteral feeding devices are some of the major challenges that are hampering the market growth.
The key players operating in the enteral feeding devices market include Nestlé S.A. (Switzerland), Fresenius Kabi (Germany), Cardinal Health (US), Avanos Medical, Inc. (US), and B. Braun Melsungen AG (Germany ).
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Fresenius Kabi is one of the top players in the enteral feeding devices market, with a broad product portfolio of feeding pumps, tubes, connectors, and accessories. The company has a strong presence in Europe and in the developing markets of the Asia Pacific region, specifically in China. The company’s growth strategy for its Medical Devices business segment mainly concentrates on technical innovations for improved safety and efficacy. In this regard, the company has made its enteral feeding pumps more compact and portable, constructed using materials that prevent cracking in high-stress applications. The company is expected to remain at a leading market position during the forecast period owing to its wide geographic presence, strong product portfolio, and brand name in the global market. Its market leadership can also be attributed to its large number of subsidiaries and strong distribution network worldwide, that enables the company to serve customers in North America, Europe, Asia Pacific, Latin America, and Africa. Fresenius Kabi operates in more than 100 countries worldwide.
Nestlé is one of the leading players in the enteral feeding devices market, with a wide geographical presence across North America, the Asia Pacific, and Europe. The company is well-positioned in the market owing to its broad portfolio of feeding tubes. To sustain its position in the market, Nestlé focuses on strategic expansions and acquisitions. The strategic priority of the company in the Nutrition and Health Science business segment is to invest in transformational technology platforms to create ‘Novel Therapeutic Nutrition.’ Nestle’s long-term value creation model focuses on improved capital efficiency, continuous innovation, operational efficiency, and acquisition and divestitures. The company is also seen entering into a number of strategic collaborations and partnerships to strengthen its share in the enteral feeding devices market. Nestlé operates in more than 186 countries across Zone AMS (The Americas), Zone EMENA (Europe, Middle East, and North Africa), and Zone AOA (Asia, Oceania, and Africa).
Cardinal Health is the one of the leading player in the global enteral feeding devices market. Cardinal Health offers a complete line of safe and innovative enteral feeding products, such as enteral feeding pumps, feeding tubes, enteral access systems, and enteral feeding accessories. The company’s well-established brand Kangaroo is used widely in US hospitals. It has a well-established supply chain and network of distributors in the US. The company operates reports its revenue in two major business segments - Medical and Pharmaceutical. Cardinal Health offers enteral feeding devices through its Medical business segment using its strong network of direct or indirect distributors worldwide. The company serves in over 100 countries across North America, Europe, and Asia.
Related Reports:
Enteral Feeding Devices Market by Type (Feeding Tube (Gastrostomy, Jejunostomy), Feeding Pump, Giving Set), Age Group (Adult, Pediatric), Application (Diabetes, Neurological Disorder, Cancer), End User (Hospital, ACS, Home Care) - Global Forecast to 2027
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