Global enteral feeding devices market size to record 6.8% CAGR through 2027
According to the research report titled ‘Global Enteral Feeding Devices Market Size study with COVID-19 Impact, by Type (Enteral Feeding Pumps, Enteral Feeding Tubes, Administration Sets, Enteral Syringes and Other), by Age Group (Adult and Pediatrics), by Application (Oncology, Gastroenterology, Neurology, Diabetes, Hypermetabolism and Others), by End- User (Hospital, Homecare Setting and Ambulatory Care Settings) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global enteral feeding devices market had reached a valuation of USD 3 billion in the year 2019 and is likely to record a y-o-y growth rate of 6.8% between 2020 and 2027.
High occurrence of chronic diseases, rising adoption of the product in home care services and shifting trends towards enteral nutrition are key factors driving the growth of global enteral feeding devices market.
For the record, enteral feeding devices are widely adopted to feed diets among bedridden or elderly patients suffering from different chronic ailments such as inherited metabolic diseases, gastrointestinal diseases, neurological disorders, or cancer. Technological developments, innovative product launches, and other strategic collaborations among leading companies are also adding traction to global enteral feeding devices market size.
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The advent of COVID-19 pandemic in late 2019 has propelled the demand for enteral feeding devices in order to enhance patient care as well as to offer improved nutritional support to affected individuals, thereby favoring the overall market scenario. However, complexities associated with the use of such device could hamper the market remuneration in the upcoming years.
As per type, the market is segmented into enteral syringes, administration sets, enteral feeding tubes, enteral feeding pumps, and others. Moving on to age group, global enteral feeding devices industry is categorized into pediatrics and adult segments.
Elaborating on the application reach, the market is classified into hypermetabolism, diabetes, neurology, gastroenterology, oncology and other. The end-user scope of the overall industry consists of ambulatory care settings, homecare settings and hospitals.
From the regional point of view, Asia-Pacific enteral feeding devices industry size is likely to showcase a robust CAGR through 2026. Factors such as increased pervasiveness of preterm births, growing elderly population, rising cognizance regarding enteral nutrition and improving healthcare infrastructure has fueled the demand for enteral feeding devices, which in turn is positively impacting the business dynamics in Asia-Pacific.
Cook Medical Inc., Moog Inc. Cardinal Health Inc., Avanos Medical Inc., B. Braun Melsungen AG, Danone S.A., Nestlé S.A., Fresenius Kabi AG, and Becton, Dickinson and Company are the key participants in global enteral feeding devices market sphere.
To access a sample pages of this report titled “Global Enteral Feeding Devices Market Size study with COVID-19 Impact, by Type (Enteral Feeding Pumps, Enteral Feeding Tubes, Administration Sets, Enteral Syringes and Other), by Age Group (Adult and Pediatrics), by Application (Oncology, Gastroenterology, Neurology, Diabetes, Hypermetabolism and Others), by End- User (Hospital, Homecare Setting and Ambulatory Care Settings) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below:
Enteral Feeding Tubes Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
The enteral feeding tubes market is slated to record noteworthy gains over the forthcoming timeframe due to growing prevalence of chronic and life-style diseases, recent technological advancements towards the development of novel products, increasing preference for home enteral nutrition, and growing awareness regarding the available treatment options. Enteral feeding means taking food through a tube which goes directly to the small intestine or stomach. From a regional frame of reference, Latin America enteral feeding tubes market will witness substantial growth over the coming years. The region was valued at more than $160 million in 2019 and is projected to grow at 6.2% over the forecast time period owing to growing awareness regarding the available treatment options.
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