Enteral Feeding Devices Market | Ongoing Trends and Recent Developments | Major Key Players like Avanos Medical, Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany)

Growth in Enteral Feeding Devices Market is driven by the rising healthcare costs, surge in the number of preterm births, growth in the aging population, rising prevalence of chronic diseases, growing awareness of enteral nutrition, and improvements in healthcare facilities in emerging countries. Furthermore, the rising demand for user-friendly feeding devices and technological advancements are contributing to the growth of this market.

What the Market Looks Like?

The Enteral Feeding Devices Market is projected to reach USD 4.1 billion by 2024 from USD 2.9 billion in 2019, at a CAGR of 6.7%. The market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Based on type, the market is segmented into enteral feeding tubes, administration sets, enteral syringes, enteral feeding pumps, and consumables. The enteral feeding tubes segment accounted for the largest market share in 2018 due to the high adoption of different tube types, increasing awareness, and a growing demand for enteral feeding across the globe.

Based on age group, the Enteral Feeding Devices Market is segmented into adults (18 years and over) and pediatrics (neonates under 1 month, infants between 1 month and 2 years of age, children between 2 and 12 years, and adolescents between 12 and 16 years). Adults dominated the market, by age group, due to the growing incidence of chronic diseases and disorders in this age group and the rapid increase in the geriatric population.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183623035

Based on application, the Enteral Feeding Devices Market is segmented into oncology, gastrointestinal disorders, neurological disorders, diabetes, hypermetabolism, and other applications. In 2018, oncology accounted for the largest share of the market due to the increasing prevalence of various types of cancers and the reliance of cancer patients on external nutrition.

What Drives The Market?

The growth of the global market for enteral feeding is primarily influenced by the following factors:

# Shift From Parenteral to Enteral Nutrition
# Increasing Incidence of Preterm Births
# Growing Demand for Enteral Feeding in the Home Care Sector
# Increasing Prevalence of Chronic Diseases

Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=183623035

Geographical Growth Scenario of Enteral Feeding Devices Market:

In 2018, North America dominated the global market, followed by Europe. The large share of North America can be attributed to the high adoption of enteral feeding devices among the aging population, increasing prevalence of chronic diseases, the presence of many large hospitals, a shift from parenteral to enteral feeding, and the development of innovative products. The presence of a large number of global players in this region is another key factor contributing to the large share of this market segment.

Key Market Players and Strategies Adopted:

Prominent players in the Enteral Feeding Devices Market include Fresenius Kabi AG (Germany), Avanos Medical, Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Abbott Laboratories (US), Becton, Dickinson and Company (US), Boston Scientific Corporation (US), Cook Medical, Inc. (US), and CONMED Corporation (CONMED) (US).

Read more: https://www.marketsandmarkets.com/PressReleases/enteral-feeding-device.asp

Contact Us:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.