According to the report Global Enteral Feeding Devices Market, published by Market Data Forecast, the global market is projected to reach USD 2.65 billion by 2021, at a CAGR of 4.97% from 2016 to 2021.
Enteral feeding devices or artificial nutritional support systems are essential for people suffering from medical ailments such as swallowing disorders, digestive disorders, neurological disorders, cancer etc. With the rise in the average age of the population, globally, there would be more old people than the youth, which would result in the increased use of these devices. Existing enteral feeding device manufacturers are starting to adapt innovative technology and methods for patient safety. Use of unique connection systems, so as to dodge misconnection of feeding tubes, is one such method that decreases the difficulties associated with the use of enteral feeding devices.
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Global Enteral Feeding Devices Market: Drivers & Restraints
The growth of the Global Enteral Feeding Devices Market is mainly driven by factors such as an increase in the number of pre-term births, an increase in the prevalence of chronic diseases, rise in the geriatric population, and technological advancements in the healthcare industry. However, lack of Public awareness, difficulties associated with the use of these devices, and reimbursement issues in the developing countries are the main factors hindering the growth of the market.
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Global Enteral Feeding Devices Market: Segmentation
By Product Type
- By Enteral Feeding Tubes
- Nasoenteric Feeding Tubes
- Oroenteric Feeding Tubes
- Enterostomy Tubes
- Giving Sets
- Enteral Feeding Pumps
- Administration Reservoirs
- Enteral Syringes
- Neurological Disorders
- Hyper metabolism
By End User
- Ambulatory Care Services
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Global Enteral Feeding Devices Market: Overview
Enteral feeding pumps lead the market under the product type with more than half of the share going to such products. It is also anticipated to be the fastest-growing among the major five, during the projected period. A growing number of hospitals and ambulatory care services, which are implementing enteral nutrition as an efficient system of clinical nutrition, are enhancing the growth of the market. This market is mainly recognized to the continuous efforts of Asian economies towards the development of their respective healthcare sectors. In addition, the large number of preterm births in developing countries and the growing geriatric population in Japan are the other factors that fuel the demand for enteral feeding devices in this region in the coming years.
Global Enteral Feeding Devices Market: Region-wise Outlook
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Highly advanced healthcare systems and adoption of advanced, patient-friendly enteral feeding devices integrated with safety attributes are the main factors responsible for the large shares of North America and Europe in the global Enteral Feeding devices market. However, the Asia-Pacific and Latin America regions are projected to grow the highest, owing to the overall development of the healthcare industry.
Key Questions Answered
- What is the current and future Global Enteral Feeding Devices Market outlook in global? What trends are affecting the global market?
- What is the competitive landscape and market share of major players in the Global Enteral Feeding Devices space globally?
- What are the key, high growth markets that Global Enteral Feeding Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Global Enteral Feeding Devices Market currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Global Enteral Feeding Devices ?
- What are the challenges and barriers that have hindered widespread adoption of Global Enteral Feeding Devices ?
Global Enteral Feeding Devices Market: Key Players
The major companies dominating the Enteral Feeding Devices market are Halyard Health Inc., C. R. Bard Inc., Abbott Laboratories, Fresenius SE, Covidien PLC, Cook Medical, Nestle S.A.
Reasons to buy Global Enteral Feeding Devices Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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