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Enteral Feeding Devices Market: Regional Study by Growth Rate, Driving Force, Sales, Revenue, Key Players

12-07-2018 07:29 PM CET | Health & Medicine

Press release from: Allied Market Research

Enteral Feeding Devices Market: Regional Study by Growth Rate,

The global enteral feeding devices market was valued at $2,503 million in 2017 and is projected to reach $3,848 million by 2025 at a CAGR of 5.4% from 2018 to 2025. Enteral feeding is a method of delivering nutrition or medications directly in the stomach or intestine. Enteral feeding devices are commonly used to feed the specialized diets in elderly or bedridden patients suffering from chronic ailments, such as neurological disorders, cancer, gastrointestinal and inherited metabolic diseases. It is the preferred route of nutrition delivery as compared to parenteral feeding because enteral feeding avoids complications, such as infection, sepsis, liver & gallbladder disorders, and commonly associated with parenteral nutrition.

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Enteral feeding is nutritional therapy that provides nutrients directly to gastrointestinal tract in patients who cannot swallow food or who cannot get enough nourishment by eating or drinking. Enteral feeding therapy involves the usage of feeding devices such as pumps and tubes. These medical devices deliver the medications and nutrients directly into the stomach, duodenum, or jejunum via either the nose, mouth, or the direct percutaneous route.

Increase in prevalence of several chronic disorders such as cancer, neurological disorders across the world, upsurge in the adoption of enteral nutrition, rise in geriatric population, and growth in incidence of malnutrition cases drive the market. However, stringent governmental regulations and inadvertent dislodgment of tubes leading to accidental disabilities and deaths, impede the market growth. Conversely, the development of newer products with lesser side effects and presence of untapped market in the emerging economies are expected to provide lucrative growth opportunities for the market.

The enteral feeding pumps segment accounted for the largest share in 2017 owing to growth in usage and lesser side effects as compared to other devices. The enteral syringe segment is expected to grow at the high CAGR from 2018 to 2025.

Europe was the leading revenue contributor to the global enteral feeding devices market in 2017, and is expected to dominate the market during the forecast period. This is attributed to the early approval of enteral feeding devices and high adoption of enteral feeding pumps in this region. However, Asia-Pacific is expected to grow at the highest CAGR of 6.6% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward safe enteral feedings products.

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The key players of this market include

• Fresenius SE & Co. KGaA,
• Medtronic Plc.,
• Halyard Health, Inc.,
• Boston Scientific Corporation,
• Danone,
• Moog Inc.,
• Braun Melsungen AG,
• C. R. Bard, Inc.,
• Nestlé S.A.,
• Abbott Laboratories.

Other players (these players are not profiled in the report and the same can be included on request) in the value chain include Applied Medical Technology, Cook Medical, Vygon SA, Amsino International, Inc., CAIR LGL, and CONMED Corporation.

Market Dynamics

The growth of the global enteral feeding devices market is majorly driven by increase in prevalence of chronic disorders such as cancer, gastrointestinal disorders, and neurological disorders. Other factors boosting the market growth include rise in adoption of enteral feeding products as they cause lesser side effects as compared to parenteral nutrition, upsurge in geriatric population across the world, and increase in incidence of malnutrition and premature birth cases. However, factors such as stringent governmental regulations and inadvertent dislodgment of tubes leading to accidental disabilities and deaths hamper the market growth. Conversely, the development of technology advanced feeding products such as enteral feeding pumps and high potential in untapped markets in the emerging economies are expected to provide lucrative growth opportunities for the market.

Market Segmentation

The global enteral feeding devices market is segmented based on product, age group, application, end user, and region. Based on product, the market is divided into enteral feeding pump, enteral feeding tube, enteral syringe, giving set, and consumable. The enteral feeding tube segment is further classified into enterostomy feeding tube, nasoenteric feeding tube, and oroenteric feeding tube. The enterostomy feeding tube segment is further classified into gastrostomy feeding tube, percutaneous endoscopic jejunostomy (PEJ) tube, and percutaneous radiological gastrostomy and jejunostomy tube. The gastrostomy feeding tubes segment is sub-segmented into percutaneous endoscopic gastronomy feeding tube (PEG), balloon gastrostomy tube, and low-profile balloon gastrostomy (buttons). The enteral feeding pumps segment accounted for the largest market share in 2017 and is expected to remain dominant throughout the forecast period owing to high preferability and technological advancement in feeding pumps.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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