Latin America Enteral Feeding Devices Market Size & Outlook
Latin America enteral feeding devices market, 2018-2030 (US$M)
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Latin America enteral feeding devices market highlights
- The Latin America enteral feeding devices market generated a revenue of USD 314.0 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 314.0 million |
| Market revenue in 2030 | USD 444.3 million |
| Growth rate | 5.1% (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, Latin America region accounted for 7.4% 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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Latin America 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 44.9% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America is one of the fastest-growing markets. The healthcare industry in this region is not very well developed; however, constant efforts are being taken to improve healthcare access and treatment. Increasing prevalence of chronic diseases and improving reimbursement scenario of enteral feeding devices are among the key factors driving the market growth.
Growing need for nutrition by geriatric and pediatric populations and increasing investments in building new hospitals & research centers are among the factors expected to improve the healthcare industry in this region. Moreover, the presence of lucrative opportunities in emerging Latin American countries is one of the significant growth drivers of this market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America enteral feeding devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America enteral feeding devices market size, by country, 2018-2030 (US$M)
Latin America Enteral Feeding Devices Market Outlook Share, 2023 & 2030 (US$M)
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