Enteral feeding devices market is likely to cross $3 billion by 2024 – Arizton

Enteral feeding devices market is likely to cross $3 billion by 2024 - Arizton

The global enteral feeding devices market is likely to cross $3 billion by 2024, growing at a CAGR of approximately 6% during 2018–2024.

Product Insights

Based on the product, the market is segmented into enteral feeding pumps, enteral feeding tubes, and accessories/consumables. The enteral feeding pumps segment dominated the market and accounted for a share of 45% in 2018. The dominant share of the segment is due to the low risk of complications associated with the usage of enteral feeding pumps, technological improvements in feeding pump designs, and rise in demand for various pumps in ambulatory and home care settings.

Patient Group Insights

In 2018, the adult patient group segment accounted for a share of 80% of the global enteral feeding devices market. This dominant share is attributed to the increasing prevalence and incidence of chronic diseases like cancer, stroke, COPD, neurological disorders, and GI diseases that result in dysphagia and malnutrition in patients coupled with the rapid rise in the elderly population.

End-user Insights

Based on end-user type, the global enteral feeding devices market is segmented into hospitals, ambulatory care facilities, and home care. In 2018, the hospitals segment dominated the market and accounted for a share of 54%. The increased usage and demand for tube feeding for treating various patient groups in hospitals has contributed to its dominant share. However, patients’ growing inclination towards home enteral nutrition will impact the usage of tube feeding in hospitals and other healthcare facilities.

Geographical Insights

North America is the major revenue contributor to the global market and accounted for a share of 40% in 2018. However, APAC is expected to witness the highest growth rate during the forecast period due to the rising preterm births, rising chronic disease patients and elderly population, growing awareness regarding enteral nutrition, availability of various tube feeding options, and increasing healthcare expenditure in emerging markets, with rapid improvisation of healthcare facilities.

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The rise in the patient population with malnutrition, the high demand for tube feeding among cancer patients, the increased demand for low-profile enterostomy feeding tubes, and high growth opportunities from developing market are some of the prominent factors that will help to boost the enteral feeding devices market.

Base Year:            2018

Forecast Year:     2019–2024

The study considers the present scenario of the enteral feeding devices market and its market dynamics for the period 2019−2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the enteral feeding devices market.

Prominent Vendors

  • Applied Medical Technology
  • Avanos Medical
  • Braun Melsungen
  • Boston Scientific
  • Cardinal Health
  • Cook Medical
  • Danone Nutricia
  • Fresenius Kabi
  • Nestlé
  • Vygon

Other Prominent Vendors

  • Abbott
  • ALCOR Scientific
  • Amsino International
  • Angel Electronic Equipment
  • Angiplast
  • BD
  • Degania Silicone
  • Erenler Medikal
  • Fidmi Medical
  • GBUK Enteral
  • Jiangsu Kangjin Medical Instrument
  • MOOG
  • Coop
  • Pacific Hospital Supply
  • Samtronic
  • SecurMed
  • Silmag
  • Troge Medical
  • Vesco Medical
  • Wuhan W.E.O. Science & Technology Development

Market Segmentation by Technology

  • Enteral Feeding Pumps
  • Enteral Feeding Tubes
  • Accessories &Consumables

Market Segmentation by End-users

  • Hospitals
  • Ambulatory Care Facilities
  • Home Care

Market Segmentation by Patients

  • Adults
  • Pediatrics

Market Segmentation by Applications

  • Oncology
  • Gastroenterology
  • Neurology
  • Cardiology and Pulmonology
  • Others

Market Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
  • APAC
    • China
    • Japan
    • India
  • Latin America
    • Mexico
    • Brazil
  • MEA
    • Turkey
    • Saudi Arabia


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Source : Enteral Feeding Market – Global Outlook And Forecast 2019-2024 by Arizton Advisory & Intelligence

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