South Korea Enteral Feeding Devices Market Size & Outlook
South Korea enteral feeding devices market, 2018-2030 (US$M)
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South Korea enteral feeding devices market highlights
- The South Korea enteral feeding devices market generated a revenue of USD 83.7 million in 2023 and is expected to reach USD 123.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.7% 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 83.7 million |
| Market revenue in 2030 | USD 123.6 million |
| Growth rate | 5.7% (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, South Korea accounted for 2.0% 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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South Korea 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 45.16% in 2023. Horizon Databook has segmented the South Korea 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 South African Society for Parenteral and Enteral Nutrition is a major contributor to enteral feeding devices market in this country. This organization raises funds for R&D activities and conducts educational programs for enteral nutrition management. Increase in the number of global companies in South Africa is expected to propel the growth of enteral feeding devices in this country.
High incidence of malnutrition and preterm births in the region are expected to increase the adoption of enteral feeding devices in South Africa during the forecast period. Children in South Africa are suffering the slow violence of malnutrition.
For instance, the country has double the burden of malnutrition; one in four children, or 27% of the population aged below 5 years, is stunted due to lack of nutrition. In addition, preterm birth occurs in approximately 15% of all births in South Africa, i.e., one in seven infants is born prematurely. However, poverty in the country may hamper the adoption of enteral feeding devices to a certain extent.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea enteral feeding devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea enteral feeding devices market size, by product, 2018-2030 (US$M)
South Korea Enteral Feeding Devices Market Outlook Share, 2023 & 2030 (US$M)
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