The global Enteral Feeding Devices Market size is expected to reach US$ 5.24 billion by 2030 and is expected to grow at an impressive double-digit rate of 5.9% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global Enteral Feeding Devices Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Enteral Feeding Devices Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Enteral Feeding Devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Integration of safety and programming features within the feeding devices, development of portable feeding devices, growing number of preterm child birth, increasing healthcare expenditure, and increasing geriatric population are among major factors boosting growth of the global industry. Additionally, increasing prevalence of chronic ailments such as cancer and diabetes is fueling growth of the enteral feeding devices market worldwide. Moreover, rapidly increasing awareness regarding enteral feeding is having positive impact on the growth of global industry. Further, increased focus on the improvement of healthcare infrastructure in developing regions and growing investment by major market players on research and development are other factors to boost growth of the global market during the forecast time frame.
Technological progressions have led to the growth of portable and compact enteral feeding devices, which are built using constituents that circumvent cracking in high-stress usage. Innovative aspects in pumps comprise occlusion compression alarm choices, suitable programming choices, multiple language possibilities, automated flushing intermissions, history of earlier feed rates, and program and screen lock-out option to prevent manipulation. Advances in device structure according to the demand of healthcare workers and patients and progress in the home-based healthcare industry, permitting enteral feeding of supplements to affected people in home-settings, has augmented interest in the enteral feeding equipment. Moreover, it helps maintain small intestinal and pancreatic functions, shortens healing and recovery duration, decreases the obliteration and wastage of muscles, and declines the risk of contamination and infection. Furthermore, the enteral nutrition costs almost 40% less than the parenteral method; this is a crucial factor that is driving the progress of the industry.
Report Highlights
- Based on product type segment, enteral feeding pump segment reported largest revenue in 2020. This is accredited to increasing usage of enteral feeding devices adult and pediatric population. Further, technological advancements in the feeding pumps are expected to boost the growth of the segment in the near future.
- On the basis of application, cancer accounted for the weighty share in the target industry. This is due to the high incidence of cancer globally.
- Based on end user segment, hospitals accounted for the largest revenue with significant portion in estimate period of time. Factors such as accessibility of latest equipment’s and availability of funds are driving growth of the segment.
- Fresenius Kabi and B.Braun are the leading companies contributing significantly to the target industry owing to the launch of various innovative products all around the world.
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Key Market Players and Strategies
- Cook Medical
- Abott Laboratories
- Fresenius Kabi
- Halyard Health
- Medtronic
- Moog, Inc
- Nestle Health Science
- VYGON
- Danone
- Cardinal Health
- Braun
- Boston Scientific
- R. Bard
- Conmed Corporation
Major Market Segments Covered:
By Product Type
- Administration Sets
- Enteral Feeding Pump
- Enteral Syringe
- Enteral Feeding Tube
- Others
By Age Group
- Pediatrics
- Adult
By Application
- Gastrointestinal Disease
- Cancer
- Malnutrition
- Neurological Disorder
- Others
By End User
- Ambulatory Surgical Center (ASCs)
- Hospital
- Home Care
- Others
Regional Analysis:
The geographical analysis of the global Enteral Feeding Devices Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Enteral Feeding Devices Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Enteral Feeding Devices Market in 2030?
- What is the expected CAGR for the Enteral Feeding Devices Market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Enteral Feeding Devices Market?
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