Enteral Feeding Devices Market

Enteral Feeding Devices Market worth $3.2 billion by 2022

The report "Enteral Feeding Devices Market by Type (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), by Age Group (Adult, Pediatric), by Application (Oncology, Gastroenterology, Diabetes), by End User (Hospital, Home Care) – Global Forecast to 2022" The enteral feeding devices market is projected to reach USD 3.2 billion by 2022 from USD 2.4 billion in 2017, at a CAGR of 6.0%. Growth in this market is driven by rising healthcare costs; surge in the number of preterm births; growth in the aging population; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders; growing awareness of enteral nutrition; and rapid improvements in healthcare facilities in emerging countries. Moreover, the shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding devices in home and ambulatory care settings are also expected to drive the market in the coming years.

Browse 279 market data Tables and 48 Figures spread through 305 Pages and in-depth TOC on "Enteral Feeding Devices Market by Type (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), by Age Group (Adult, Pediatric), by Application (Oncology, Gastroenterology, Diabetes), by End User (Hospital, Home Care) – Global Forecast to 2022"
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By type, the enteral feeding tubes segment is expected to account for the largest share of the enteral feeding devices market

The enteral feeding devices market, by type, is segmented into enteral feeding tubes, enteral feeding pumps, administration sets, enteral syringes, and consumables. The enteral feeding tubes segment accounted for the largest market share in 2016. The rising adoption of enteral feeding has resulted in an increase in the demand and uptake of enteral feeding tubes across the globe. This segment is registering strong growth owing to better patient compliance and rise in ambulatory enteral feeding services.

The use of enteral feeding devices among the adult population is increasing with the rising aging population

Based on age group, the enteral feeding devices market can be segmented into adults (>18 years of age) and pediatrics (neonates under 1 month, infants between 1 month and 2 years of age, children between 2 and 12 years, and adolescents between 12 and 16 years). In 2016, the adults segment held the largest market share. This can be attributed to the growing incidence of chronic diseases and disorders resulting in malnutrition and the rapid rise in the aging population.

The rising cancer incidence rate is leading to an increasing use of enteral feeding devices by cancer patients

Based on application, the enteral feeding devices market is broadly segmented into oncology, gastroenterology, diabetes, neurological disorders, hypermetabolism, and other applications. The oncology segment accounted for the largest share of the enteral feeding devices market in 2016. The large share of this segment can be attributed to the rapidly increasing prevalence of cancer and the increasing number of patients being treated for cancer-induced malnutrition. Apart from the increasing burden of cancer, the shift from hospitals to ambulatory care settings and the rising adoption of enteral feeding as an efficient alternative to parenteral nutrition among these patients is likely to fuel the demand for enteral feeding devices.

By end user, the hospitals segment is expected to dominate enteral feeding devices market

Hospitals, home care settings, and ambulatory care settings are the major end users in the enteral feeding devices market. In 2016, the hospitals segment accounted for the largest share of the enteral feeding devices market. Hospitals largely use enteral feeding pumps which help them manage patient therapy with controlled enteral feeding and medication. It also helps minimize errors.

North America to dominate the enteral feeding devices market during the forecast period

In 2018, North America dominated the global enteral feeding devices market, followed by Europe. The dominance of the North American region is mainly due to the presence of a large number of well-equipped hospitals in this region and the well-established home care and long-term care services. Moreover, leading players such as have their operations in North America. In addition to this, the favorable reimbursement scenario for the healthcare industry in the US will help propel the market in this region.

The prominent players in this market are Fresenius Kabi AG (Germany), Halyard Health, Inc. (US), Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Abbott Laboratories (US), C.R. Bard, Inc. (US), Boston Scientific Corporation (US), Cook Medical, Inc. (US), CONMED Corporation (US), Nestlé S.A. (Switzerland), Danone (France), Moog, Inc. (US), Vygon (France), and Applied Medical Technology, Inc. (US).

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Report Code
MD 1289
PR Published ON
1/5/2018
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