Enteral Feeding Devices Market was worth $2.08 billion in 2016 and estimated to be growing at a CAGR of 4.97%, to reach $2.65 billion by 2021
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Enteral Feeding Devices Market by Product Type (Enteral Feeding Tubes-Nasoenteric Feeding Tubes, Oroenteric Feeding Tubes, Enterostomy Tubes; Giving Sets, Enteral Feeding Pumps, Administration Reservoirs, Enteral Syringes, Others), by Stage (Adults, Paediatrics), by Application (Gastroenterology, Neurological Disorders, Oncology, Diabetes, Hyper metabolism), by End User (Ambulatory Care Services, Hospitals, Others) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Global Enteral Feeding Devices Market was worth $2.08 billion in 2016 and estimated to be growing at a CAGR of 4.97%, to reach $2.65 billion by 2021. Enteral feeding devices are essential for people suffering from medical ailments such as swallowing disorders, digestive disorders, neurological disorders, cancer etc.
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With the rise in the average age of the population, globally, there would be more old people than the youth, which would result in the increased use of these devices. Existing enteral feeding device manufacturers are starting to adapt innovative technology and methods for patient safety. Use of unique connection systems, so as to dodge misconnection of feeding tubes, is one such method that decreases the difficulties associated with the use of enteral feeding devices.
The growth of the Global Enteral Feeding Devices Market is mainly driven by factors such as an increase in the number of pre-term births, an increase in the prevalence of chronic diseases, rise in the geriatric population, and technological advancements in the healthcare industry. However, lack of Public awareness, difficulties associated with the use of these devices, and reimbursement issues in the developing countries are the main factors hindering the growth of the market.
The Global Enteral Feeding Devices market is segmented based on Product Type. The market for Enteral Feeding Devices, on the basis of product type, is segmented into Enteral Feeding Tubes, Giving Sets, Enteral Feeding Pumps, Administration Reservoirs, Enteral Syringes, and Others. Enteral Feeding Tubes are further sub segmented into Nasoenteric Feeding Tubes, Oroenteric Feeding Tubes, and Enterostomy Tubes. Enteral feeding pumps lead the market under the product type with more than half of the share going to such products. It is also anticipated to be the fastest-growing among the major five, during the projected period. On the basis of Stage, the global Enteral Feeding Devices market is segmented into Adults and Paediatrics. On the basis of Application, the global Enteral Feeding Devices market is segmented into Gastroenterology, Neurological Disorders, Oncology, Diabetes, and Hyper metabolism. On the basis of End User, the global Enteral Feeding Devices market is segmented into Ambulatory Care Services, Hospitals, and Others. A growing number of hospitals and ambulatory care services, which are implementing enteral nutrition as an efficient system of clinical nutrition, are enhancing the growth of the market.
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The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Highly advanced healthcare systems and adoption of advanced, patient-friendly enteral feeding devices integrated with safety attributes are the main factors responsible for the large shares of North America and Europe in the global Enteral Feeding devices market. However, the Asia-Pacific and Latin America regions are projected to grow the highest, owing to the overall development of the healthcare industry.
The major companies dominating the Enteral Feeding Devices market are Halyard Health Inc., C. R. Bard Inc., Abbott Laboratories, Fresenius SE, Covidien PLC, Cook Medical, Nestle S.A.
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