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Enteral Feeding Devices Market: Enteral Feeding Pump Segment to Dominate the Market, While Administrative Reservoirs to Register High Growth Rate
The global enteral feeding devices market is projected to grow at a CAGR of 5.5% during the forecast period of 2016 to 2021. The increasing focus on home care, rising geriatric population, increasing incidence of chronic diseases, and growing focus on modifying enteral feeding devices for high consumer safety are the major factors driving the growth of the global enteral feeding devices market.
Enteral feeding pumps accounted for the largest market share, while administration reservoirs are expected to witness the highest growth during the forecast period. The number of administration reservoirs required per patient is directly proportional to the number of days for which the patient needs enteral nutrition. This is the major factor fueling the demand for administration reservoirs. In this market, patients are preferring low-profile tubes, such as button and balloon enterostomy tubes, which safeguard routine activities to minimize tube dislodgment and other complications. This is a major factor fueling the demand for low-profile devices for long-term care.
Based on stage, the enteral feeding devices market is segmented into adults and pediatrics. In 2015, the adults segment dominated the market. This is primarily because adults are more prone to chronic diseases and disorders. However, the pediatric segment is expected to witness a higher CAGR during the forecast period, majorly due to the increasing prevalence of chronic diseases like cancer & diabetes in pediatric patients and the increasing number of preterm births.
Oncology is expected to be the largest and the fastest-growing application segment in the enteral feeding devices market. The large share and high growth of this application segment is attributed to the significant growth in cancer prevalence globally. In 2015, North America was the largest regional segment in the global enteral feeding devices market, followed by Europe. However, the Asia-Pacific market is expected to witness the highest growth during the forecast period as a result of the rising geriatric population, high prevalence of chronic diseases, rising health awareness, and increasing healthcare expenditure in this region.
Enteral Feeding Devices Market Product (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), Stage (Adult, Pediatrics), Application (Oncology, Gastroenterology, Neurology), End User (Hospital, Ambulatory Care) - Global Forecast to 2021
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