What is Global Medical Tube Feed Pumps Market?
The Global Medical Tube Feed Pumps Market is a sector that has been gaining significant attention in recent years. These pumps are medical devices used to deliver nutrition to patients who cannot obtain nutrition by mouth, are unable to swallow safely, or need nutritional supplementation. The market encompasses a wide range of products, including enteral feeding pumps, feeding tubes, administration sets, and enteral syringes. The global market for these pumps is driven by factors such as the increasing prevalence of chronic diseases, the rise in the geriatric population, and the growing demand for home healthcare. The market is also influenced by technological advancements in the field of tube feed pumps, which have led to the development of more efficient and reliable products.
Hospitals, Home Care in the Global Medical Tube Feed Pumps Market:
The Global Medical Tube Feed Pumps Market is segmented based on the type of care setting, such as hospitals and home care. Hospitals are the largest segment in this market, owing to the high prevalence of patients requiring tube feeding. These patients include those suffering from various conditions such as cancer, neurological disorders, and gastrointestinal diseases. On the other hand, the home care segment is expected to witness significant growth in the coming years. This can be attributed to the increasing preference for home healthcare, which is more cost-effective and convenient for patients. The market for home care tube feed pumps is also driven by the growing awareness about these products and the availability of reimbursement in developed countries.
Oncology, Gastroenterology, Neurology, Diabetes, Other in the Global Medical Tube Feed Pumps Market:
The usage of tube feed pumps is widespread in various medical specialties including Oncology, Gastroenterology, Neurology, Diabetes, among others. In Oncology, these pumps are used to provide nutritional support to cancer patients who are unable to eat due to the side effects of chemotherapy or radiation therapy. In Gastroenterology, tube feed pumps are used for patients with conditions like Crohn's disease or ulcerative colitis, who may require nutritional support due to malabsorption. Neurology patients, especially those with conditions like stroke or Parkinson's disease, may also require tube feeding due to swallowing difficulties. Furthermore, in Diabetes, tube feed pumps can help in providing precise nutritional support, which is crucial for managing blood sugar levels.
Global Medical Tube Feed Pumps Market Outlook:
Looking at the market outlook, the Global Medical Tube Feed Pumps Market was valued at US$ 184 million in 2023. It is projected to reach a value of US$ 258.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these pumps in various healthcare settings. Furthermore, the global market for medical devices, which includes tube feed pumps, was estimated to be worth US$ 603 billion in 2023. This market is expected to grow at a CAGR of 5% over the next six years.
| Report Metric | Details |
| Report Name | Medical Tube Feed Pumps Market |
| Accounted market size in 2023 | US$ 184 million |
| Forecasted market size in 2030 | US$ 258.3 million |
| CAGR | 4.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Fresenius Kabi, Cardinal Health, Avanos Medical, Medline, Applied Medical Technology, Moog, B. Braun, Cook Medical, Boston Scientific, BD, ConMed, Alcor Scientific, Vygon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
