Press release
Emerging Opportunities in Enteral Feeding Devices Market with Current Trends Analysis,2024
Enteral feeding devices market comprises of the devices used for enteral nutrition such as pump, tube, syringes and accessories. The devices are available in hospitals, ambulatory surgical centres and clinics in the form of enteral feeding kits.
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Enteral Feeding Devices market revenue is growing with a significant rate, this is attributed to increasing usage of these devices for providing enteral nutrition to critically ill patient. The primary factor responsible for the growth of enteral feeding devices market is increase in the number of hospital admissions and increase in the prevalence of chronic diseases requiring surgery. In addition to this, the device has its usage in dysphagia i.e. patients having difficulty in swallowing. Growing healthcare expenditure and increasing awareness regarding enteral feeding devices and it usage at home for patients with chronic illness aids in the revenue growth of enteral feeding devices market. Increasing number of new product launches is also expected to drive the market for enteral feeding devices over the forecast period. However complications such as infections, misplacement of tube, bleeding etc. is expected to hamper the growth of the enteral feeding devices market over the forecast period.
Enteral feeding devices market revenue is expected to grow at a significant growth rate over the forecast period. The market is anticipated to perform well in the near future due to increasing prevalence of malnutrition in the hospitalized patients. Also the market is anticipated to grow with a fastest CAGR over the forecast period, attributed to increasing usage of the device for patients with swallowing disorders, such as patients with motor neuron disease, multiple sclerosis, oesophageal tumors, stroke etc. Whereas the devices are also used in patients with anorexia due to chronic lung disease, irritable bowel disease, or cancer. Therefore dysphagia and anorexia patients, are the major factors estimated to drive the revenue growth of enteral feeding devices market.
Depending on geographic region, the enteral feeding devices market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
North America is occupying the largest regional market share in the global enteral feeding devices market owing to the presence of more number of market players, high awareness levels regarding the use of enteral devices. Effective reimbursement policies and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region. Also Asia Pacific (APAC) is expected to perform well in the near future due to increasing usage of these devices for dysphagia and anorexia patients.
Asia Pacific is expected to grow at the fastest CAGR because of increase in the number of hospital admissions and growing geriatric population in the region, thus boosting the market growth of enteral feeding devices market throughout the forecast period.
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Some players of Enteral Feeding Devices market includes C. R. Bard, Inc., Cook Medical, Fresenius SE & Co. KGaA, Halyard Health, Inc., B. Braun Melsungen AG, Abbott Laboratories, MEDTRONIC, Boston Scientific Corporation and Vygon. The companies in enteral feeding devices market are increasingly engaged in strategic partnerships, collaborations and promotional activities to capture a greater pie of market share as the market is growing with the fastest CAGR.
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