Home enteral feeding devices market segment would exhibit the highest growth during the forecast period owing to emergence of ambulatory and portable enteral feeding devices and reduced overall cost of home enteral care. Based on the age group of patients, pediatric enteral feeding devices market is expected to witness the highest growth due to high prevalence of malnutrition among children and development of convenient equipment designs for children.
The global Enteral Feeding Devices Market share is primarily driven by rising incidences of cancer and neurological disorders, growing adoption of enteral nutrition, particularly in home settings and an increasing popularity of enteral feeding tubes among pediatrics.
the global market is expected to garner $2,846.7 million by 2020, registering a CAGR of 5.6% during the period 2015-2020. Enteral feeding tube segment would continue to dominate the market throughout the forecast period. Constant technological innovations and emergence of low profile (close to skin) tubes and gastrostomy buttons are the prime growth factors for enteral feeding tube market, the study suggests.
The growth in tube feeding would be further supplemented by the growing geriatric population and an increase in awareness about enteral nutrition. The use of these devices is encouraged to maintain gut integrity. The feeding devices are set to earn greater revenues for the market, owing to their adoption in healthcare and eldercare. However, stringent regulations and inadvertent dislodgment of tubes (leading to accidental disabilities and deaths) are likely to hinder the growth.
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Key Findings of Enteral Feeding Devices Market:
- The enteral feeding supplies and disposables collectively dominated the overall enteral feeding devices market in 2014 due to recurring sales of disposables such as giving sets and enteral syringes
- Cancer application would exhibit a CAGR of 6.3% over the forecast period – highest among all segments
- Hospital was the leading end-user market segment in 2014
- Adult enteral feeding device segment is projected to grow at a CAGR of 5.4% during 2015 – 2020
North America held a dominant position in the enteral feeding device market in 2014, and is expected to maintain its lead throughout the forecast period. This is mainly due to high per capita spending on clinical nutrition, and well established reimbursement scenario. Europe is the second leading geography due to increasing popularity of enteral feeding among adults and pediatrics and high clinical spending in countries such as Spain, France, Germany and United Kingdom. However, the Asia-Pacific region is estimated to register the fastest growth due to growing awareness of enteral nutrition and increasing disposable income in countries like China and India.