Market revenue in 2023 | USD 70.7 million |
Market revenue in 2030 | USD 89.1 million |
Growth rate | 3.4% (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 |
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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 45.12% in 2023. Horizon Databook has segmented the Spain 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.
Rising geriatric population and a significant burden of chronic diseases are driving the Spain enteral feeding devices market. According to World Bank, the geriatric population in the country increased from 18% in 2012 to 20% in 2019. According to European Nutrition for Health Alliance, 30% to 50% of hospital patients in Spain are malnourished.
Furthermore, increasing funding for the development of novel enteral feeding devices in Spain is anticipated to drive the market during the study period. For instance, Spanish Society for Enteral and Parenteral Nutrition (SENPE) was awarded the 2018 Medical Nutrition International Agency Grant for its project aimed at developing a tool to calculate the economic burden of disease-related malnutrition. Such initiatives are expected to positively impact market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain enteral feeding devices market , including forecasts for subscribers. This country databook contains high-level insights into Spain enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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