Norway Enteral Feeding Devices Market Size & Outlook
Norway enteral feeding devices market, 2018-2030 (US$M)
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Norway enteral feeding devices market highlights
- The Norway enteral feeding devices market generated a revenue of USD 18.6 million in 2023 and is expected to reach USD 24.2 million by 2030.
- The Norway market is expected to grow at a CAGR of 3.8% 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 18.6 million |
| Market revenue in 2030 | USD 24.2 million |
| Growth rate | 3.8% (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, Norway accounted for 0.4% 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 Europe, Germany enteral feeding devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 216.5 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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Norway 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 44.09% in 2023. Horizon Databook has segmented the Norway 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.
The growth of Norway enteral feeding devices market can be attributed to factors such as increasing healthcare spending per capita, growing demand for external nutritional sources, and development of cost-effective enteral feeding devices. In addition, increasing geriatric population and growing incidence of malnutrition in the region are likely to fuel the market growth in Norway during the forecast period.
For instance, according to WHO, in 2020, Norway reached 135 deaths due to malnutrition. Its world rank was 105 for malnutrition. Thus, the increasing percentage of the elderly population and malnutrition in the country is anticipated to boost the adoption of enteral feeding devices, thereby propelling market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway enteral feeding devices market , including forecasts for subscribers. This country databook contains high-level insights into Norway enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway enteral feeding devices market size, by product, 2018-2030 (US$M)
Norway Enteral Feeding Devices Market Outlook Share, 2023 & 2030 (US$M)
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