Australia Enteral Feeding Devices Market Size & Outlook
Australia enteral feeding devices market, 2018-2030 (US$M)
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Australia enteral feeding devices market highlights
- The Australia enteral feeding devices market generated a revenue of USD 70.2 million in 2023 and is expected to reach USD 104.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.8% 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.
Enteral feeding devices market data book summary
| Market revenue in 2023 | USD 70.2 million |
| Market revenue in 2030 | USD 104.2 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Enteral feeding pump |
| Fastest growing segment | Low Profile Gastrostomy Device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.6% of the global enteral feeding devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China enteral feeding devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 193.8 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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Australia 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 45.44% in 2023. Horizon Databook has segmented the Australia 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.
Australia enteral feeding devices market is expected to grow at a significant rate of 5.8% during the forecast period. Rise in the number of structural initiatives being undertaken to create awareness regarding enteral feeding is expected to boost the market in this country. For instance, AuSPEN is a leading society in Australia that has been encouraging high standards and practices for enteral nutrition in both inpatients and outpatients since 1973.
Moreover, increase in the number of hospitalized patients affected by malnutrition in Australia has fueled the growth of enteral feeding devices market. For instance, according to various reports, nearly 40% of the patient population in Australian hospitals was reported to be affected with malnutrition.
In addition, according to Dietitians Australia, malnutrition is a major public issue in Australia, specifically in the population aged 65 and above. Research showed that about 50% of Australians in the community and aged care are either malnourished or at risk of malnutrition. Patients suffering from malnutrition require nutritional support through feeding devices, thereby positively influencing the market growth in this country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia enteral feeding devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia enteral feeding devices market size, by product, 2018-2030 (US$M)
Australia Enteral Feeding Devices Market Outlook Share, 2023 & 2030 (US$M)
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