The size of the Latin American enteral feeding devices market is expected to grow from USD 0.27 billion in 2023 to USD 0.33 billion by 2028 and is estimated to grow at a CAGR of 4.45% from 2023 to 2028.
The enteral feeding devices market observes a rising acceptance of technologically innovative, user-friendly safety systems that diminish difficulties such as misconnections, tube dislodgements, and tube blockage. As a result, numerous manufacturers in the Enteral Feeding Devices market also increasingly employ safety techniques to safeguard the patient.
The growing number of hospitals and ambulatory care services approving enteral nutrition as an efficient clinical nutrition system across the Latin American region is majorly boosting the market growth for enteral feeding devices in Latin America. In addition, an increase in the prevalence of chronic diseases, pre-term births, and a rising aging population further drive the growth of the Latin American enteral feeding devices market. Given the expected demographic shift towards an aging population, the prevalence of diseases and disorders primarily affecting the elderly is expected to increase. The Latin American population is characteristically aging, with a steady increase in the population aged 60 and over.
However, complications associated with using enteral feeding devices and the high costs associated with these devices are majorly hindering regional market growth. Most complications associated with enteral feeding are minor, but some can be very serious. In addition, bacterial contamination due to enteral feeding is also expected to limit the market growth.
This research report on the Latin America enteral feeding devices market has been segmented and sub-segmented into the following categories:
By Product Type:
By End User:
Geographically, the Latin American region is anticipated to hold a considerable share of the global market during the forecast period. Brazil held a major share in this region in 2021 and is predicted to showcase a healthy CAGR in the coming years. Factors such as the growing patient population suffering from neurological and gastrointestinal disorders are one of the major factors propelling the market growth in Brazil. In addition, the growing number of improvements in the healthcare infrastructure by the government is another major factor favoring the Brazilian enteral feeding devices market. The World Journal of Gastroenterology conducted a study to assess the prevalence of gastrointestinal disorders in Brazil. According to the study, more than 22% of participants reported gastrointestinal upset. In addition, in 2017, around 1.7 million people in Brazil had dementia, and the growth in dementia cases has been significant, with an increase of 97% over the past ten years. Many people with these chronic diseases need enteral nutrition to cover their daily nutritional intake.
KEY MARKET PLAYERS:
Companies playing a prominent role in the Latin America enteral feeding devices market profiled in this report are Halyard Health Inc., C. R. Bard Inc., Abbott Laboratories, Fresenius SE, Covidien PLC, Cook Medical, and Nestle S.A.
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