The World Market for Enteral Feeding Devices, 2019 to 2024 - High Demand for Tube Feeding Among Cancer Patients Spurs Growth - ResearchAndMarkets.com

DUBLIN--()--The "Enteral Feeding Devices Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

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

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.

This research report on the enteral feeding devices market covers market sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. The market study includes insights on segmentation by technology, end-users, patients, applications, and geography.

Key Market Insights

  • Offers market sizing and growth prospects of the global enteral feeding devices market for the forecast period 2019-2024.
  • Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the global enteral feeding devices market.
  • Includes a detailed analysis of market growth drivers, challenges, and investment opportunities.
  • Delivers a complete overview of market segments and the regional outlook of the global enteral feeding devices market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the global enteral feeding devices market.

Market Insights

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.

Technological advancements, development in PEG techniques, and the shift of healthcare provisions from expensive hospital to community settings are also contributing to the significant growth of home enteral tube feeding. Also, the improved quality of feeding devices and innovation will increase their adoption globally during the forecast period.

With artificial nutrition witnessing significant changes and improvements, in terms of usage and adoption, there is a paradigm shift to enteral nutrition (EN) with tube feeding from parenteral nutrition (PN). The growing preference for enteral feeding in several post-operative situations is expected to grow, thereby increasing the usage of tube feeding in several applications.

Globally, the healthcare industry has witnessed a shift in the last decade from hospital-based services to home healthcare services. This trend is increasing the popularly of Home Enteral Nutrition (HEN), which is emerging as the fastest growing segment in healthcare settings. HEN has been recognized as a life-saving procedure for patients that require long-term nutritional support.

Market Segmentation

This market research report includes detailed market segmentation by technology, end-users, patients, applications, and geography. Enteral feeding pumps are dominating the market globally and captured around half of the enteral feeding devices market in 2018. Low risk of complications with the usage of these feeding pumps, technological improvements in feeding designs, and augmented demand for various pumps in ambulatory and home care settings are cohesively contributing to the growth of the segment.

Further, the revenue from accessories/consumables is recurring in nature, which is helping vendors to strategize their sales volume and profit margins by expanding their existing accessories/consumables product portfolio. Vendors are thus implementing initiatives such as product bundling strategies to maximize their consumables.

Hospitals emerged as the largest end-user in the enteral feeding devices market in 2018. The increased usage and demand for tube feeding in hospital settings is the primary growth factor of the segment. Ambulatory care facilities are growing significantly and are expected to grow with a healthy CAGR during the forecast period. Several patients are increasingly opting for tube feeding in ambulatory facilities such as nursing homes, acute care centers, and private clinics due to their easy accessibility.

Depending on the age group, the enteral feeding devices market is segmented into adults and pediatrics. The adult segment held the largest share and captured around three-fourths of the market in 2018. The growing prevalence and incidence of chronic diseases such as cancer, neurological disorders, and gastrointestinal(GI) diseases that result in dysphagia and malnutrition in patients, coupled with the growing elderly population can be attributed for the dominant share of this segment.

The growing number of preterm births and the increasing incidences of malnutrition among infants and adolescents are fueling the demand for tube feeding in the pediatrics segment. Further, the demand is likely to come majorly from developing and low-income countries, where preterm births, malnutrition among pregnant women and children are relatively higher than in developed countries.

In 2018, the oncology segment dominated the enteral feeding devices market with a share of around 30%. Inncreasing prevalence of cancer is one of the major reasons for the rise in malnutrition, which, is propelling the usage of enteral feeding devices. Increasing incidences of inflammatory bowel disease (IBD), Crohn's disease, ulcerative colitis, short bowel syndrome, acute and chronic pancreatitis, and gastroesophageal reflux disease (GERD) worldwide are majorly contributing to the demand for tube feeding for gastroenterology applications. Further, the neurological segment is likely to grow at a steady pace during the forecast period.

Market Geography

North America is the major revenue contributor to the global enteral feeding devices market and captured around half of the market in 2018. The region is witnessing steady growth due to the growing geriatric population and increasing prevalence of malnutrition among chronic diseases patients and children.

The enteral feeding devices market in Europe is growing due to the rising prevalence of chronic diseases with malnutrition and dysphagia as comorbidities. Further, APAC is expected to witness the highest growth rate during the forecast period.

Key Vendor Analysis

The global enteral feeding devices market is fragmented with the presence of several global, regional, and local players offering an array of feeding pumps, feeding tubes, and related accessories/consumables.

Key players are pursuing several organic and inorganic growth strategies such as product bundling strategy, acquisition, geographic expansions, product portfolio enhancement, and contract agreements with end-users to garner large shares in the market.

Major players are also engaged in strategic acquisitions to improve sales and profit margins. Strategic acquisitions will continue to be an important competitive strategy for key players to expand product offerings, access new technology, or increase market share.

Topics Covered

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.1.1 Inclusions

4.1.2 Exclusions

4.2 Base Year

4.3 Scope of the Study

4.4 Market Segments

4.4.1 Market Segmentation by Products

4.4.2 Market Segmentation by Applications

4.4.3 Market Segmentation by Patient Group

4.4.4 Market Segmentation by End-users

4.4.5 Market Segmentation by Geography

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Enteral Feeding: An Overview

7.2 Enteral Feeding Devices: Market Snapshot

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Increasing Patient Population with Malnutrition & Aging

8.1.2 High Demand for Tube Feeding Among Cancer Patients

8.1.3 Paradigm Shift from Parenteral to Enteral Nutrition

8.2 Market Growth Restraints

8.2.1 Potential Risks & Complications Associated with Enteral Feeding

8.2.2 Lack of Sufficient Reimbursement Coverage for Enteral Nutrition

8.2.3 Intense Competition & Pricing Pressure

8.3 Market Opportunities & Trends

8.3.1 Growing Demand for Home Enteral Nutrition

8.3.2 Growing Demand for Low-profile Enterostomy Feeding Tubes

8.3.3 High Growth Potential in Emerging Markets

9 Global Enteral Feeding Devices Market

9.1 Market Overview

9.2 Market Size & Forecast

9.3 Five Forces Analysis

9.3.1 Threat of New Entrants

9.3.2 Bargaining Power of Suppliers

9.3.3 Bargaining Power of Buyers

9.3.4 Threat of Substitutes

9.3.5 Competitive Rivalry

10 By Product

10.1 Market Snapshot & Growth Engine

10.2 Market Overview

10.3 Enteral Feeding Pumps

10.3.1 Market Overview

10.3.2 Market Size & Forecast

10.4 Enteral Feeding Tubes

10.4.1 Market Overview

10.4.2 Market Size & Forecast

10.4.3 Segmentation of Enteral Feeding Tubes Market by Product Type

10.4.4 Nasoenteric Feeding Tubes: Market Size & Forecast

10.4.5 Enterostomy Feeding Tubes: Market Size & Forecast

10.5 Accessories & Consumables

10.5.1 Market Overview

10.5.2 Market Size & Forecast

11 By Patient Group

11.1 Market Snapshot & Growth Engine

11.2 Market Overview

11.3 Adults

11.4 Pediatrics

12 By Application

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 Oncology

12.4 Gastroenterology

12.5 Neurology

12.6 Cardiology & Pulmonology

12.7 Others

13 By End-Users

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Hospitals

13.4 Ambulatory Care Facilities

13.5 Home Care

14 By Geography

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

15 North America

15.1 Market Overview

15.2 Market Size & Forecast

15.3 Key Countries

15.3.1 US: Market Size & Forecast

15.3.2 Canada: Market Size & Forecast

16 Europe

17 APAC

18 Latin America

19 Middle-East & Africa

20. Competitive Landscape

20.1 Competition Overview

20.2 Key Vendor Analysis

20.2.1 Overview

20.2.2 Applied Medical Technology

20.2.3 Avanos Medical

20.2.4 B. Braun Melsungen

20.2.5 Boston Scientific

20.2.6 Cardinal Health

20.2.7 Cook Medical

20.2.8 Danone Nutricia

20.2.9 Fresenius Kabi

20.2.10 Nestle

20.2.11 Vygon

21. Key Company Profiles

21.1 Applied Medical Technology

21.1.1 Business Overview

21.1.2 Major Product Offerings

21.1.3 Key Strategies

21.1.4 Key Strengths

21.1.5 Key Opportunities

21.2 Fresenius Kabi

21.3 Boston Scientific

21.4 B. Braun Melsungen

21.5 Vygon

21.6 Nestle

21.7 Cardinal Health

21.8 Cook Medical

21.9 Avanos Medical

21.10 Danone Nutricia

22. Other Prominent Vendors

22.1 Abbott

22.1.1 Business Overview

22.1.2 Major Product Offerings

22.2 ALCOR Scientific

22.3 Amsino International

22.4 Angel Electronic Equipment

22.5 Angiplast

22.6 BD

22.7 Conmed

22.8 Dengania Silicone

22.9 ERENLER MEDKAL

22.10 Fidmi Medical

22.11 GBUK Enteral

22.12 Jiangsu Kangjin Medical Instrument

22.13 MOOG

22.14 Oiarso S.Coop

22.15 Pacific Hospital Supply

22.16 Samtronic

22.17 SECURMED

22.18 SILMAG

22.19 TROGE MEDICAL

22.20 Vesco Medical

22.21 Wuhan W.E.O. Science & Technology Development

23. Report Summary

23.1 Key Takeaways

23.2 Strategic Recommendations

23.3 Quantitative Summary

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Related Topics: Medical Devices

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Medical Devices