Global Enteral Feeding Devices Market - Segmented By Product Type, Age Group, End-user, Application and Geography - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12345425

Publishing Date : 09-Apr-2018

No. of pages : 110

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  • The Enteral Feeding Devices Market is expected to grow at a CAGR of 6.0% during the forecast period. The North America market is expected to account for approximately more than 40% of the market share during the forecast period.

    Higher Prevalence of Chronic Diseases

    The prevalence of the chronic diseases is rapidly increasing and affecting more than 14 million people around the world. Among all the chronic diseases, cancer is becoming a major concern for the healthcare sector. Diabetes is another major life threatening disease, affecting 400 million people across the globe. Due to these large figures, the demand for enteral feeding devices is increasing.
    The other factors driving the enteral feeding devices market are increasing geriatric population, growing adoption of enteral nutrition, particularly in home settings, and higher immature births.

    Complications Associated With the Enteral Feeding Tubes

    A fraction of the patients with enteral feeding support face many complications, such as maceration, owing to leakage of gastric contents around the feeding tube. The size and rigidity of a nasoenteric feeding tube can result in irritation or inflammation along its path, and at times, can cause gastro-esophageal reflux. The fine bore tubes can sometimes coil-up in the oropharynx or go off course into the trachea, during insertion. This is witnessed more often in unconscious patients. Additional complications due to the usage of artificial nutrition are electrolytic abnormalities, problems with metabolism, among others. All these factors are limiting the practice of using enteral feeding in various areas, globally.
    Other factors which are also hindering the growth of the market include, low reimbursements in developing countries, low cost competition from small players, and inadvertent dislodgment of tubes (leading to accidental disabilities and deaths).

    North America Dominates the Market

    Geographically, North America has accounted for the largest market share of the enteral feeding devices in 2016, followed by Europe. This regional segment shows significant market growth opportunities, owing to high adoption of enteral feeding devices, increasing prevalence of chronic diseases, and presence of many large hospitals. Also, the use of small-bore connectors for connecting the feeding tubes to prevent life-threatening conditions is increasing in the United States, which is also another reason for the growth in enteral feeding devices market in North America.

    Key Developments in the Market

    • May 2017: Halyard Health adds new drainage system to comprehensive portfolio of enteral feeding products

    Major Players: ABBOTT LABORATORIES, B. BRAUN MELSUNGEN AG, BOSTON SCIENTIFIC CORPORATION, C. R. BARD INC., CONMED CORPORATION, COOK MEDICAL INC., FRESENIUS SE & CO. KGAA, HALYARD HEALTH INC., MEDTRONIC PLC, MOOG INC. AND NESTLÉ S.A., amongst others.

    Reasons to Purchase this Report

    • Current and future global Enteral Feeding Devices Market outlook in the developed and emerging markets
    • Various perspectives of the market, with the help of Porter’s five forces analysis
    • The segment expected to dominate the market
    • The region expected to witness the fastest growth rate during the forecast period
    • The latest developments, market shares, and strategies that are employed by the major market players
    • 3 months analyst support, along with the Market Estimate sheet (in Excel)

    Customization of the Report

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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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