Market Research Future (MRFR) collected data on several factors including implications of COVID 19 Impact on Enteral Feeding Devices Market and demographic challenges, showed how it could move forward in the coming years.
Enteral Feeding Devices Market Insight
Global enteral feeding devices market is expected to exhibit a strong 6.1% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global enteral feeding devices market is profiled in detail in the report, which provides a comprehensive overview of the market’s leading drivers and restraints as well as the leading players operating in the market. The enteral feeding devices market was valued at USD 2,302.4 million in 2017.
Enteral feeding devices are used to feed people who, permanently or temporarily, have lost the ability to feed themselves due to the disease or disorder. Enteral feeding devices are used to directly deliver nutrients into some part of the small intestine or stomach, so that at-risk patients can be fed under complete supervision. Enteral feeding devices also allow doctors to monitor and manage the temporary nutrition of specific individuals in order to make sure they are being fed as much and what they should be fed, considering specific diseases and disorders. The growing geriatric population around the world is likely to be a major driver for the global enteral feeding devices market over the forecast period, as the geriatric population is likely to be a major consumer of technologies that allow them to be fed without the hassle of physically feeding themselves. The growing number of geriatric individuals suffering from neurodegenerative diseases is also likely to be a major driver for the global enteral feeding devices market.
Growing prevalence of cancer, gastrointestinal diseases, and neurological disorders is likely to be a major driver for the global enteral feeding devices market over the forecast period. Cancer patients often need to be monitored for long periods of time, in addition to requiring extensive monitoring of their dietary patterns, as rehabilitation from cancer can be highly affected by dietary imbalances. This has driven the demand for enteral feeding devices in the rehabilitation phase of cancer and other patients. The growing concern about infant mortality and the increasing efforts to prevent the same are also likely to be a key driver for the global enteral feeding devices market over the forecast period.
For More See Related News: https://www.medgadget.com/2020/04/global-enteral-feeding-devices-market-size-2020-growth-analysis-cagr-status-development-analysis-competitive-landscape-regional-overview-forecast-to-2023.html
Enteral Feeding Devices Market Competitive Analysis:
Leading players in the global enteral feeding devices market include Vygon SA, Halyard Health Inc., Moog Inc., CONMED Corporation, Nestle, Danone Nutricia, Fresenius Kabi AG, Becton Dickinson and Company, Boston Scientific Corporation, Abbott Laboratories, B. Braun Melsungen AG, Cook Medical, and Medtronic plc. Major players in the global enteral feeding devices market are likely to focus on developing products that fit regulatory standards and enable steady growth for the company in the market. The growing scope for the medical devices sector in Asia Pacific is likely to be a key factor for the global enteral feeding devices market over the forecast period.
Enteral Feeding Devices Market Segmentation:
The global enteral feeding devices market has been segmented on the basis of product, age group, indication, end user, and region.
By product, the market has been segmented into enteral feeding tubes, enteral feeding pumps, enteral syringes, administration sets, and consumables. The enteral feeding tubes segment is further categorized into enterostomy feeding tubes, nasoenteric feeding tubes, and oroenteric feeding tubes. The enterostomy feeding tubes segment is additionally divided into gastrostomy tubes, jejunostomy tubes, and gastrojejunostomy tubes. The nasoenteric feeding tubes segment is further classified into nasogastric feeding tubes, nasojejunal feeding tubes, and nasoduodenal feeding tubes. The enteral feeding pumps segment is expected to dominate the market throughout the forecast period due to low risk of complications with the use of feeding pumps, enhanced portable pump designs, and the increasing adoption of pumps in hospitals and home care settings.
On the basis of age group, the market has been divided into adults and pediatrics.
By indication, the market has been classified into cancer, gastrointestinal diseases, diabetes, neurological disorders, hypermetabolism, and others. The cancer segment is further categorized into gastrointestinal cancer, head & neck cancer, liver cancer, pancreatic cancer, esophageal cancer, and others.
Based on end user, the market has been categorized into hospitals, home care settings, and ambulatory surgery centers (ASCs).
Enteral Feeding Devices Market Regional Analysis:
The Americas dominates the global enteral feeding devices market, followed by Europe. Asia Pacific is also likely to grow at a high CAGR over the forecast period.
The global enteral feeding devices market is studied for various segments, based on region, into Asia Pacific, Europe, the Americas, and the Middle East & Africa. The Americas are further segmented into North America and South America. The Americas are expected to retain their dominion over the global enteral feeding devices market over the review period. This can be attributed to the rising presence of significant market players in the region, as well, as the well-established healthcare infrastructure in the region. Further, the growing prevalence of lifestyle diseases and rising technological advancements in enteral feeding is expected to drive the regional enteral feeding devices market in the coming years. The market players residing in the region are likely to focus on the production of technologically advanced devices, including texture modifications as per the individual patient's requirements. Demand for portable and disposable pumps from healthcare facilities is promoting growth in the regional enteral feeding devices market.
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Europe is likely to garner the second-largest share in the global enteral feeding market. This can be attributed to the high adoption of enteral feeding pumps and ascension in the number of reconstructive surgeries and radiotherapy procedures in countries such as the UK, Germany, and France.