Neonatal & Preterm Infants Enteral Devices Market Analysis | Coherent Market Insights

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2. Neonatal & Preterm Infants Enteral Devices Market Analysis (2020-2027) • Enteral nutrition, also known as tube feeding, is a technique to deliver nutrients through a tube, if a patient cannot swallow. • Depending on the entry point of the tube in the body, enteral nutrition is classified in the following ways: nasogastric tube and gastrostomy or Percutaneous Endoscopic Gastrostomy (PEG) tube. • Statistics: The global neonatal and preterm infants enteral feeding devices market is estimated to account for US$ 4,026.7 Mn in terms of value by the end of 2027.

3. Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Drivers • Increasing preterm birth rate is expected to propel growth of the global neonatal and preterm infants enteral feeding devices market over the forecast period. For instance, according to March of Dimes 2019 report card, the preterm birth rate in the U.S. reached 10.02% in 2018 from 9.63% in 2015. • Moreover, increasing prevalence of chronic disorders in infants is also expected to aid in growth of the market. For instance, according to the study, ‘Prevalence of Pediatric Metabolic Syndrome and Associated Risk Factors among School-Age Children of 10–16 Years Living in District Shimla, Himachal Pradesh, India’, published in Indian Journal of Endocrinology and Metabolism in May 2018, the prevalence of pediatric metabolic syndrome was 3.3% and school-age children with high family monthly income and sedentary lifestyle were at high risk of the disease.

4. s Statistics: North America held dominant position in the global neonatal and preterm infants enteral feeding devices market in 2019, accounting for 35.2% share in terms of value, followed by Europe and Asia Pacific, respectively.

5. Figure 1: Global Neonatal and Preterm Infants Enteral Feeding Devices Market Share (%) Value, By Region, 2019

6. Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Restraints • Complications associated with enteral feeding are expected to hinder growth of the market. These complications include, nausea, vomiting, diarrhea, malabsorption, pulmonary aspiration, tube malposition, and tube clogging. • Moreover, bacterial contamination of enteral feed is also expected to limit growth of the market.

8. Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Opportunities  • There are no regulatory environment issues associated with the production of enteral nutrition products. Such scenario is expected to offer lucrative growth opportunities for players in the global neonatal and preterm infants enteral feeding devices market. • Moreover, premature infants are more likely to have immature gastrointestinal systems. Thus, development of a universal feeding approach in preterm infants is also expected to aid in growth of the market.

9. s Statistics: • The global neonatal and preterm infants enteral feeding devices market was valued at US$ 2,751.1 Mn in 2019 and is forecast to reach a value of US$ 4,026.7 Mn by 2027 at a CAGR of 4.9% between 2020 and 2027.

10. Figure 2: Global Neonatal and Preterm Infants Enteral Feeding Devices Market Value (US$ Bn), 2016 – 2027

11. Market Trends/Key Takeaways • Increasing availability of plant-based enteral formulas is expected to create conducive environment for growth of the market. For instance, in March 2020, Kate Farms announced the publication of new clinical data that demonstrates the efficacy of its plant-based enteral formulas in enhancing gastrointestinal tolerance in a variety of populations and disease states. • Major organizations are focused on increasing awareness regarding enteral feeding. For instance, in February 2020, the Feeding Tube Awareness Foundation held Feeding Tube Awareness Week.

12. Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Competitive Landscape • Major players operating in the global enteral feeding devices market include, Covidien (Medtronic Plc), C. R. Bard, Kimberly-Clark Corporation, Qosina Corp., NeoMed, Inc., Fresenius Kabi, Moog Inc., Applied Medical Technology, Corpak Med Systems, Amsino International, Abbot Nutrition, Nestle, and Danone.

13. Global Neonatal and Preterm Infants Enteral Feeding Devices Market: Key Developments • Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2018, Medtronic plc entered into a definitive agreement to acquire Nutrino Health Ltd., a leading provider of nutrition-related data services, analytics, and technologies.

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