Press release
Enteral feeding devices market is likely to cross $3 billion by 2024 - Arizton
Product Insights
Based on the product, the market is segmented into enteral feeding pumps, enteral feeding tubes, and accessories/consumables. The enteral feeding pumps segment dominated the market and accounted for a share of 45% in 2018. The dominant share of the segment is due to the low risk of complications associated with the usage of enteral feeding pumps, technological improvements in feeding pump designs, and rise in demand for various pumps in ambulatory and home care settings.
Patient Group Insights
In 2018, the adult patient group segment accounted for a share of 80% of the global enteral feeding devices market. This dominant share is attributed to the increasing prevalence and incidence of chronic diseases like cancer, stroke, COPD, neurological disorders, and GI diseases that result in dysphagia and malnutrition in patients coupled with the rapid rise in the elderly population.
End-user Insights
Based on end-user type, the global enteral feeding devices market is segmented into hospitals, ambulatory care facilities, and home care. In 2018, the hospitals segment dominated the market and accounted for a share of 54%. The increased usage and demand for tube feeding for treating various patient groups in hospitals has contributed to its dominant share. However, patients' growing inclination towards home enteral nutrition will impact the usage of tube feeding in hospitals and other healthcare facilities.
Geographical Insights
North America is the major revenue contributor to the global market and accounted for a share of 40% in 2018. However, APAC is expected to witness the highest growth rate during the forecast period due to the rising preterm births, rising chronic disease patients and elderly population, growing awareness regarding enteral nutrition, availability of various tube feeding options, and increasing healthcare expenditure in emerging markets, with rapid improvisation of healthcare facilities.
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The rise in the patient population with malnutrition, the high demand for tube feeding among cancer patients, the increased demand for low-profile enterostomy feeding tubes, and high growth opportunities from developing market are some of the prominent factors that will help to boost the enteral feeding devices market.
Base Year: 2018
Forecast Year: 2019-2024
The study considers the present scenario of the enteral feeding devices market and its market dynamics for the period 2019-2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the enteral feeding devices market.
Prominent Vendors
o Applied Medical Technology
o Avanos Medical
o Braun Melsungen
o Boston Scientific
o Cardinal Health
o Cook Medical
o Danone Nutricia
o Fresenius Kabi
o Nestl?
o Vygon
Other Prominent Vendors
o Abbott
o ALCOR Scientific
o Amsino International
o Angel Electronic Equipment
o Angiplast
o BD
o CONMED
o Degania Silicone
o Erenler Medikal
o Fidmi Medical
o GBUK Enteral
o Jiangsu Kangjin Medical Instrument
o MOOG
o Coop
o Pacific Hospital Supply
o Samtronic
o SecurMed
o Silmag
o Troge Medical
o Vesco Medical
o Wuhan W.E.O. Science & Technology Development
Market Segmentation by Technology
o Enteral Feeding Pumps
o Enteral Feeding Tubes
o Accessories &Consumables
Market Segmentation by End-users
o Hospitals
o Ambulatory Care Facilities
o Home Care
Market Segmentation by Patients
o Adults
o Pediatrics
Market Segmentation by Applications
o Oncology
o Gastroenterology
o Neurology
o Cardiology and Pulmonology
o Others
Market Segmentation by Geography
o North America
o US
o Canada
o Europe
o France
o Germany
o Italy
o APAC
o China
o Japan
o India
o Latin America
o Mexico
o Brazil
o MEA
o Turkey
o Saudi Arabia
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Source : Enteral Feeding Market - Global Outlook And Forecast 2019-2024 by Arizton Advisory & Intelligence
About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including -Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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