The market is projected to grow with a CAGR of 6.2% from 2019-2027.
According to The Insight Partners market research titled ‘Enteral Feeding Devices Market to 2027 – Global Analysis and Forecasts by Product, Material, Age Group, Application, and End User.’ The global enteral feeding devices market is expected to reach US$ 4,034.42 Mn in 2027 from US$ 2,359.06 Mn in 2018. The market is projected to grow with a CAGR of 6.2% from 2019-2027. The report provides trends prevailing in the global enteral feeding devices market and the factors driving the market and also the factors that act as hindrances.
Enteral feeding devices refer to products that are used for enteral feeding procedures. These devices are inserted into the body through a minimally invasive procedure to offer proper nutrition to patients with compromised digestive system or who are unable to eat. The global enteral feeding devices market is driven by factors such as growing demand for enteral feeding in-home care settings and a rising number of patients suffering from chronic diseases, however the complications associated with enteral feeding devices are anticipated to restrain the market growth during the forecast period. However, rising demand for enteral feeding devices in medical applications and well-established market in APAC and European countries are likely to deliver substantial growth opportunities to improve market share for industry players in the near future.
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Enteral Feeding Devices Market Competitive Landscape and Key Development
The enteral feeding devices market majorly consists of players such as Cardinal Health Inc., Fresenius Kabi AG, Abbott, B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical LLC, Danone SA, Moog Inc., and Owens & Minor, Inc. Several companies in the market are concentrating on inorganic strategies, such as mergers and acquisitions for enhancing their position in the market. For instance, in May 2018, Owens & Minor acquired Halyard surgical and infection prevention business, with a view to expand its presence in the global market, which would help in holding a strong position in the market.
Growing Demand for Enteral Feeding in the Home Care Settings
Enteral feeding is the medical procedure that is used to provide nutrition to patients who are not able to attain an adequate amount of nutrition through oral intake or the patient may be able to eat or drink safely. Enteral feeding devices facilitate nutritional intake to improve or maintain the nutritional requirements of the patients. In the enteral feeding procedures, the gastrointestinal tract needs to be accessible and functioning sufficiently to absorb the administered nutrients.
In some cases of chronic disorders, patients are not required to admit to the hospitals for enteral feeding related procedures. Healthcare professionals at their home can attend these patients. In the market, there are various products such as portable feeding pumps and ready to use enteral feeding kit is available. The medical services providers offer at-home enteral feeding related services. For instance, Mayo Foundation for Medical Education and Research (MFMER) offers home enteral nutrition services to the patients.
Major factors boosting the growth of market include growing demand for enteral feeding in-home care settings and a rising number of patients suffering from chronic diseases. However, complications associated with the use of enteral feeding devices is hampering growth of the market to a certain extent.
Enteral Feeding Devices Market: Segmental Overview
The global enteral feeding devices market, based on the material, has been segmented into polyvinylchloride (PVC), polyurethane and silicone. In 2018, the polyvinylchloride (PVC) segment accounted for the largest market share in the global enteral feeding devices market by material. Tubes made of PVC are generally preferred for short term use, also the tubes of PVC are available at comparatively less price which is expected to drive the growth of the segment at a significant rate during the forecast period.
The global enteral feeding devices market, based on product, has been segmented into enteral feeding tubes, enteral feeding pumps, administration sets, enteral syringes, and consumables. Enteral feeding pumps segment held the largest share of the market. Enteral feeding pumps are developed to either clamp onto an IV pole or to be more portable. Some Enteral feeding pumps, such as the Sentinel, can be mounted onto an IV pole. Some feeding pumps feature Backpack Accessories so that they can be easily transported. With the increasing use of enteral feeding in-home care settings, the segment is anticipated to witness considerable growth during the forecast period.
The global enteral feeding devices market, based on age group, has been segmented into adults and pediatrics. In 2018, the adults segment held the largest share of the market. The increasing incidences of chronic conditions among the adult population is anticipated to drive the growth of the segment during the forecast period. As per a survey by The Feeding Tube Awareness Foundation reported that approximately 248,846 adults in the US were on feeding tubes for nutrition provision in 2017.
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