Asia Pacific Enteral Feeding Devices Market Size & Outlook
Asia Pacific enteral feeding devices market, 2018-2030 (US$M)
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Asia Pacific enteral feeding devices market highlights
- The Asia Pacific enteral feeding devices market generated a revenue of USD 978.5 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, enteral feeding pump was the largest revenue generating product in 2023.
- Low Profile Gastrostomy Device is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 978.5 million |
| Market revenue in 2030 | USD 1,436.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Enteral feeding pump |
| Fastest growing segment | Low Profile Gastrostomy Device |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Giving Set, Enteral Feeding Pump, Percutaneous Endoscopic Gastrostomy Device, Low Profile Gastrostomy Device, Nasogastric Tube, Gastrostomy Tube |
| Key market players worldwide | Conmed Corp, BD, Cook Medical, Boston Scientific Corp, Moog Inc A, Fresenius Kabi, Danone SA, Kimberly-Clark Corp, Abbott Laboratories, B. Braun, Cardinal Health Inc, Avanos Medical Inc, Vygon, Amsino International, Applied Medical Technology Inc., Fidmi Medical, Alcor Scientific |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.9% of the global enteral feeding devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,436.8 million by 2030.
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Enteral Feeding Devices Market Scope
Enteral Feeding Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific enteral feeding devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enteral feeding devices market will help companies and investors design strategic landscapes.
Enteral feeding pump was the largest segment with a revenue share of 44.82% in 2023. Horizon Databook has segmented the Asia Pacific enteral feeding devices market based on giving set, enteral feeding pump, percutaneous endoscopic gastrostomy device, low profile gastrostomy device, nasogastric tube, gastrostomy tube covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as Japan, China, India, and Australia are some of the major countries in Asia Pacific. The region has a large patient pool and geriatric population. Lifestyle changes are leading to an increase in the prevalence of various diseases such as cancer, diabetes, gastrointestinal disorders, and autoimmune diseases. This is ultimately expected to increase the demand for enteral feeding devices for the dietary management of chronic diseases.
Japan and China have a large elderly population, which is at a high risk of chronic conditions. Nutritional deficiencies are more common in geriatric population, and it is expected to boost the demand for enteral feeding devices in Asia Pacific. According to World Hunger Education Service, around 70% of all malnourished children live in Asia.
This represents high growth potential in enteral feeding devices market. In Asia, people living in rural areas, especially children, are more susceptible to malnourishment than people living in urban areas. Improving healthcare infrastructure in the region, rising healthcare expenditure, high occurrence of preterm births, and growing per capita income are among the factors expected to further drive the market growth in the region.
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Our clientele includes a mix of enteral feeding devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific enteral feeding devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific enteral feeding devices market size, by country, 2018-2030 (US$M)
Asia Pacific Enteral Feeding Devices Market Outlook Share, 2023 & 2030 (US$M)
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