ID: MRFR/HC/6357-HCR | February 2021 | Region: Global | 90 pages
The Enteral Feeding Devices Market has predicted to meet the market value of USD 4,426.0 million by the end of the year 2027. Along with that, the global market has aimed to meet the global market growth at a 5.3% CAGR for the forecast period of 2020 to 2027. Generally, enteral feeding is a process of nutritional therapy. This therapy is considered the best for the adults and pediatrics age group. In the enteral feeding process, the gastrointestinal tract (GIT) gets the direct supply of nutrients. This therapy has been developed specifically with an aim to fulfill that patient’s demands those who cannot swallow food by themselves or who are not receiving proper nourishment by drinking or eating foods.
Researches have proved that enteral feeding devices are helpful in providing sufficient nutrients and medications directly into the jejunum, or stomach, or duodenum. This enteral feeding device delivers the nutrients through either the direct percutaneous route, or the nose, or the mouth. Hence, the Enteral Feeding Devices Market is growing its demand across the world. This global market is growing with some of the important intended audiences such as home healthcare agencies, Nursing homes, Medical devices companies, consulting service providers and Market research providers, corporate entities, Hospitals, Raw material suppliers, Association and government bodies, assisted living facilities, Venture capitalists, and Enteral feeding devices manufacturers or dealers.
According to the Enteral Feeding Devices Market Analysis report, there are different product segments that are growing the global demands of enteral feeding devices. The enteral feeding tubes is one of the product segment that includes different sub-segments such as nasoenteric feeding tubes, enterostomy feeding tubes, and oroenteric feeding tubes products. Further, the nasoenteric feeding tubes sub-segment is classified into nasojejunal feeding tubes, nasogastric feeding tubes, and nasoduodenal feeding tubes. Along with that, the enterostomy feeding tubes sub-segment is classified into jejunostomy tubes, gastrostomy tubes, and gastrojejunostomy tubes. These market segments have aimed to drive the Enteral Feeding Devices Industry Growth for the research period.
COVID-19 Impact Analysis
The Enteral Feeding Devices Industry had positive growth in the COVID-19 period. The enteral feeding devices demand has increased due to the increasing demands from the medical devices industry. These industries required dental care devices, imaging devices, medical supplies, and surgical products on a large scale to supply enteral feeding to the patients. Hence, the Enteral Feeding Devices Market Size has expected to grow for the upcoming years.
The Enteral Feeding Devices Industry Analysis report explains that the continuous efforts of the global key players are making it possible to meet the increased demand for the product.
Enteral Feeding Devices Market Share (%), by Region, 2017
Source: White Papers, Company Presentations, Annual Reports, and MRFR Analysis
Global Market Dynamics
The Enteral Feeding Devices Industry is driving its growth with the factors like the increasing incidence of preterm births, the growing prevalence of chronic diseases, the increasing geriatric population across the world, the increasing shift from parenteral to enteral nutrition.
If looking into the different years of data, the geriatric population is increasing every year. In 2013, the global population was 841.0 million based on the World Health Organization (WHO) report. In 2017, the report mentioned that the global population increased to 962.3 million. Further, the report has predicted to meet the global population of more than 2.0 billion by the end of the year 2050. Hence, the global Market Growth is increasing.
In developing countries like Brazil, India, and China, the most prevalent disease is cancer. Here, the cancer patients require the treatment of malnutrition with enteral feeding. Hence, Enteral Feeding Devices Market Value is increasing with having more opportunities in these developing countries.
Along with that, the Enteral Feeding Devices Market players are taking these opportunities and growing more profitable products for the patients.
The Enteral Feeding Devices Market is growing on a large scale, but it has some of the restraints that might hamper the growth of the global market. The new emerging complications related to enteral feeding devices might hamper the growth of the global market. The complications like stringent reimbursement policies and inadvertent dislodgement of tubes are expected to be the market restraints for the forecast period of 2023.
The global market report has explained that the Enteral Feeding Devices Industry Value might get down because of these market restraints. So the key players are looking after these restraints to grow the market.
The enteral feeding reimbursements are insufficient in the developing countries across the Middle East, the Asia Pacific, and Latin America. The widespread enteral feeding adoption of the developing countries can face a major challenge in the Enteral Feeding Devices Market.
Along with that, the subsequent reimbursement cuts and decreasing federal funding from several end-users might bring other challenges for the Enteral Feeding Devices Market Forecast period.
In the previous research report, the Enteral Feeding Devices Market has generated a higher market size. Further, the global market is predicted to meet the higher Enteral Feeding Devices Industry Size for the forecast period.
Thus, the key player has adopted various advanced technological devices and manufacturing the products simultaneously to grow the Enteral Feeding Devices Industry demand.
Market segmentation Overview
Based on the product segment, the global Enteral Feeding Devices Market is classified into enteral feeding pumps, enteral feeding tubes, administration sets, enteral syringes, and consumables.
Among all these, the enteral feeding pumps segment is predicted to rule the global market for the reviewed period. This is because of the growing adoption of pumps in-home care and hospitals settings; the feeding pumps usages include the low risk of complications and enhanced portable pump designs.
The global Enteral Feeding Devices Market is classified into pediatrics and adults based on the age group segment.
Enteral feeding is more popular among these two age groups, but it has been found that the pediatric segment is predicted to generate more CAGR for the research period.
Based on the indication segment, the Enteral Feeding Devices Industry has been segmented into diabetes, cancer, gastrointestinal diseases, hypermetabolism, neurological disorders, and others.
Further, the cancer segment is classified into head & neck cancer, gastrointestinal cancer, esophageal cancer, pancreatic cancer, liver cancer, and others.
On the basis of end-user segment, the global Enteral Feeding Devices Industry is segmented into ambulatory surgery centers (ASCs), hospitals, and home care settings.
Among all these, the home care segment is predicted to increase the high rate of CAGR for the assessment period.
Regional Analysis of the Market
On the basis of regional segmentation, the global Enteral Feeding Devices Industry Trends has been segmented into different regions such as Europe, the Americas, the Middle East & Africa, and Asia-Pacific. Further, the American region market has been dived into Latin America and North America. And, the North American market has further been classified into Canada and the US.
In 2017, the global Enteral Feeding Devices Market was dominated by the American region. This market was dominated because of the increasing technological advancements in enteral feeding, well-established healthcare infrastructure, presence of major market players, and growing prevalence of lifestyle diseases. However, the Asia Pacific region is predicted to generate the highest CAGR for the Enteral Feeding Devices Market Forecast period due to the increasing number of malnutrition-patients, increasing geriatric population, and increasing awareness of the enteral feeding devices.
The Enteral Feeding Devices Market has some major key players such as:
The above key players are contributing extensively to offer better products to the intended audiences. Enteral Feeding Devices Market Trends with the continuous manufacturing of technologically advanced devices.
The Enteral Feeding Devices Industry Outlook report is based on qualitative and quantitative analysis. The Primary and secondary sources have been involved in getting the exact market value of the Enteral Feeding Devices Industry. This report has covered the market overview, market segments, and market dynamics through the Enteral Feeding Devices Market Analysis.
Along with that, the global market report has included the regional analysis, competitive analysis, and recent developments to understand the current competitions and developments in the market. And, the market can generate a higher Enteral Feeding Devices Industry Share in the upcoming years.
By Age group:
|Market Size||2027: USD 4426.0 Million|
|CAGR||2020- 2027: 5.3%|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Age, End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Medtronic plc, Cook Medical, B. Braun Melsungen AG, Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company (BD), Fresenius Kabi AG, Danone Nutricia, Nestlé, CONMED Corporation, Moog, Inc., Halyard Health, Inc., and Vygon SA.|
|Key Market Opportunities||Manufacturing Technologically Advanced Devices|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Enteral feeding devices market was valued at more than USD 4426 million by 2027
Enteral feeding devices market is expected to exhibit a strong 6.1% CAGR over the forecast period from 2020 to 2027.
The growing geriatric population around the world is likely to be a major driver for the global enteral feeding devices market.q
The Americas dominate the global enteral feeding devices market due to the growing geriatric population in the region.
Leading players in the market include Medtronic, Cook Medical, Braun Melsungen AG, Boston Scientific Corporation, Danone Nutricia, Nestle, CONMED Corporation, and Moog Inc., among others.
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.