Rise in prevalence of chronic diseases, increase in geriatric population, growth in incidence rate of malnutrition cases, and high adoption of enteral nutrition are expected to propel the growth of the global enteral feeding devices market.
According to the report published by Allied Market Research, the global enteral feeding devices market was accounted for $2.50 billion in 2017 and is estimated to garner $3.85 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.
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Rise in prevalence of chronic diseases, increase in geriatric population, growth in incidence rate of malnutrition cases, and high adoption of enteral nutrition have boosted the growth of the global enteral feeding devices market. However, stringent governmental regulations and inadvertent dislodgement of tubes hamper the market. On the contrary, opportunities in emerging economies and rapid development of advanced feeding devices with lesser side effects are expected to create lucrative opportunities in the near future.
The global enteral feeding devices market is divided into product, age group, application, end user, and geography. Based on product, the market is segmented into enteral feeding pump, enteral feeding tube, enteral syringe, giving set, and consumable. The enteral feeding pump segment held the largest share in 2017, owing to rise in use and lesser side effects compared to other devices. However, the enteral syringe segment to manifest the fastest CAGR from 2018 to 2025.
On the basis application, the market is bifurcated into gastrointestinal disease, cancer, malnutrition, neurological disorder, and others. The neurological disorder segment held the lion’s share in 2017 and is expected to continue its dominance throughout the study period. However, the cancer segment is estimated to portray the fastest CAGR during the study period.
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Based on end user, the market is divided into hospital, ambulatory surgical center, and home care. On the other hand, the market splits according to age group into adult and pediatrics. The adult segment dominated the market in 2017 and is expected to continue its dominance during the forecast period.
The global enteral feeding devices market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2017, contributing one-third of the market. However, the market across LAMEA is expected to manifest the fastest CAGR of 6.0% during the study period.
The market report includes an in-depth analysis of the major market players such as Medtronic Plc., Fresenius SE & Co. KGaA, Boston Scientific Corporation, Halyard Health, Inc., Braun Melsungen AG, Danone, Moog Inc., Nestlé S.A., C. R. Bard, Inc., and Abbott Laboratories.
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