Enteral Feeding Devices Market to Expand Steadily in the Coming Years

Enteral nutrition, also known as tube feeding, is a technique to deliver nutrients through a tube, if a patient cannot swallow. Depending on the entry point of the tube in the body, enteral nutrition is classified in the following ways: nasogastric tube and gastrostomy or Percutaneous Endoscopic Gastrostomy (PEG) tube.

The global enteral feeding devices market is estimated to account for US$ 5,014.0 Mn in terms of value by the end of 2027. Increasing geriatric population is expected to propel growth of the global enteral feeding devices market over the forecast period. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Moreover, increasing prevalence of cancer is also expected to aid in growth of the market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

Increasing prevalence of diabetes is expected to increase demand for tube feeding. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

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Major players operating in the global enteral feeding devices market include, Covidien (Medtronic Plc), Becton, Dickinson and Company, Kimberly-Clark Corporation, Qosina Corp., NeoMed, Inc., Fresenius Kabi, Moog Inc., Applied Medical Technology, Corpak Med Systems, and Amsino International.

Major players in the market are focused on expanding their geographical presence. For instance, in May 2019, Qosina Corp. established operations in Europe. In June 2019, the company also received ISO 22301 certification for a controlled business continuity management system.

Similarly, in March 2019, Medtronic plc launched the Medtronic MedTech Innovation Accelerator in Pujiang International Science and Technology City at Minhang District, Shanghai.

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