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Enteral Feeding Devices Market Worth 3.19 Billion USD by 2022
According to a new market research "Enteral
Feeding Devices Market by Type (Feeding Pump, Feeding Tube, Giving Set, Enteral
Syringes), Age Group (Adult, Pediatric), Application (Oncology,
Gastroenterology, Diabetes), End User (Hospital, Home Care) - Global Forecast to
2022", published by MarketsandMarkets™, the market is expected to reach USD
3.19 Billion by 2022 from an estimated USD 2.39 Billion in 2017, at a CAGR of
6.0% during the forecast period. Factors such as the increasing prevalence of
chronic diseases, rising geriatric population, rising incidence of preterm
births, growing demand for enteral feeding devices in the home care sector, and
the shift from parenteral to enteral nutrition are the key drivers of the
Enteral Feeding Devices Market. Furthermore, the rising demand for user-friendly
feeding devices and technological advancements are contributing to the growth of
this market. However, the complications associated with the use of enteral
feeding devices and the insufficient reimbursements for enteral nutrition are
some of the major challenges currently at play in the market.
By product, the enteral feeding pumps segment
accounted for the largest share of the market.
On the basis of products, the enteral feeding pumps
segment accounted for the largest share of the Enteral Feeding Devices Market,
in 2016. This can be attributed to the low risk of complications with the use of
feeding pumps, enhanced portable pump designs, and the increasing use of pumps
in home care settings.
The adults segment dominated the market in 2016
Based on age group, the adults segment accounted for
the largest share of the Enteral Feeding Devices Market. The large share can be
attributed to the increasing incidence and prevalence of chronic diseases like
cancer, diabetes, neurological disorders, and inflammatory bowel syndrome that
result in malnutrition along with the rapid rise in the aging population.
The oncology segment is expected to grow at the
highest CAGR during the forecast period
By application, the Enteral Feeding Devices Market
is segmented into oncology, gastroenterology, diabetes, neurology, hyper
metabolism, and other applications. The oncology segment is expected to grow at
the highest CAGR owing to the increasing incidence and prevalence of cancer
across the globe and the need for clinical nutrition in such patients.
Home care settings to grow at the highest CAGR
from 2017 to 2022
Based on end user, the home care settings segment is
expected to grow at the highest CAGR during the forecast period. The high growth
of this segment can be attributed to factors such as the increasing focus on
minimizing healthcare costs, development of user-friendly and portable feeding
devices for home care, and the favorable reimbursement policies for home care.
North America dominated the market in 2016
North America accounted for the largest share of the
Enteral Feeding Devices Market in 2016, followed by Europe. This regional
segment shows significant market growth opportunities owing to the high adoption
of enteral feeding devices, increasing prevalence of chronic diseases, presence
of many large hospitals, and the development of innovative products. Moreover, a
number of major global players are based in the US.
The prominent players in the Enteral Feeding
Devices Market are :
Fresenius Kabi (Germany), Halyard Health (US), Medtronic (Ireland), B. Braun
(Germany), Abbott (US), C.R. Bard (US), Boston Scientific (US), Cook Medical
(US), CONMED (US), Nestlé (Switzerland), Danone (France), Moog (US), Vygon
(France), and Applied Medical Technology (US).
(
https://www.prnewswire.com/news-releases/enteral-feeding-devices-market-worth-319-billion-usd-by-2022-668127923.html
)
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