Enteral Feeding Devices Market Size Growing with High Prevalence of Malnutrition among Children & Development of Convenient Equipment Designs for Children
09 Aug 2021
Acquisition
The home care segment is projected to exhibit the highest growth during the forecast period owing to emergence of portable enteral feeding devices and reduced overall cost of home enteral care. Based on the age group of patients, pediatric enteral feeding devices market is expected to witness the highest growth.
"Enteral Feeding Devices Market by Product, Age Group, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019–2027," the global enteral feeding devices market size was valued at $2.82 billion in 2019, and is projected to reach $4.42 billion in 2027, registering a CAGR of 5.5% from 2020 to 2027
Enteral feeding is nutritional therapy that provides nutrients directly to gastrointestinal tract in patients who cannot swallow food or who cannot get enough nourishment by eating or drinking. Enteral feeding therapy involves the usage of feeding devices such as pumps and tubes. These medical devices deliver the medications and nutrients directly into the stomach, duodenum, or jejunum via either the nose, mouth, or the direct percutaneous route.
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The enteral feeding pumps segment accounted for the largest share in 2017 owing to growth in usage and lesser side effects as compared to other devices. The enteral syringe segment is expected to grow at the high CAGR from 2020 to 2027.
The neurological disorder segment is the largest application segment in the global enteral feeding device market in 2019 and is estimated to grow at a moderate CAGR during the forecast period. On the other hand, the cancer segment is anticipated to record a highest CAGR during the forecast period.
By age group, the adult segment dominated the global enteral feeding devices market in terms of revenue in 2019 and the trend is projected to continue throughout the forecast period.
The utilization rate of enteral feeding devices in hospitals is high owing to high availability of these products in hospitals and placement of tubes in hospitals with high success rate. However, the home care segment is expected to grow at a high CAGR during the forecast period.
Europe was the leading revenue contributor to the global enteral feeding devices market in 2019, and is expected to dominate the market during the forecast period. This is attributed to early approval of enteral feeding devices and high adoption of enteral feeding pumps in this region. However, Asia-Pacific is expected to grow at the highest CAGR of 6.2% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward safe enteral feedings products.
These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Fresenius SE & Co. KGaA, Boston Scientific Corporation, Danone, Cook Medical, Inc., Cardinal Health Inc., Becton, Dickinson and Company, Moog Inc., B. Braun Melsungen AG, Owens & Minor, Inc., and Nestlé S.A.
Key Market Segments:
By Product:-
Enteral Feeding Pumps
Enteral Feeding Tubes
Enteral Syringes
Giving set
Consumables
By Age Group:-
Adults
Pediatrics
By Application:-
Gastrointestinal DiseasesGastrointestinal Diseases
Malnutrition
Neurological Disorders
Other Applications
By End User:-
Hospitals
Ambulatory Surgical Centers (ASCs)
Home Care
By Region:-
North America
Europe
Asia-Pacific
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