DUBLIN--(BUSINESS WIRE)--The "Enteral Feeding Devices Market By Type (Feeding Pump, Feeding Tube, Giving Set, Syringes), Age Group (Adult, Pediatric), Application (Oncology, Diabetes, Hypermetabolism), End User (Hospital, Home Care), COVID-19 Impact - Global Forecast To 2025" report has been added to ResearchAndMarkets.com's offering.
The global enteral feeding devices market is estimated to be valued at USD 3.22 billion in 2020 and is projected to grow at a CAGR of 6.8% during the forecast period of 2020 to 2025.
Factors such as the various technological advancements, such as programming and safety features in feeding pumps as well as user-friendly and portable feeding pumps; rising healthcare costs; surge in the number of preterm births; growth in the aging population; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders; growing awareness of enteral nutrition; and rapid improvements in healthcare facilities in emerging countries are driving the growth of the market. However, patient safety risks; rising cases of feeding and medication errors; and the complications associated with enteral feeding tubes such as misconnections, tube dislodgement, and infections are restricting the growth of this market to a certain extent.
By type, the enteral feeding devices' tubes segment holds the highest market share during the forecast period.
Based on type, the enteral feeding devices market is segmented into enteral feeding tubes, administration sets, enteral syringes, enteral feeding pumps, and consumables. The enteral feeding tubes segment held the highest market share in 2019. The high market share of this segment can be attributed to the rising adoption of enteral feeding has resulted in an increase in the demand and uptake of enteral feeding tubes across the globe.
Based on age group, the adult segment is expected to register the highest CAGR during the forecast period.
Based on age group, the enteral feeding devices market is segmented into adults (18 years and over) and pediatrics (neonates under 1 month, infants between 1 month and 2 years of age, children between 2 and 12 years, and adolescents between 12 and 16 years). The pediatric segment is projected to register the highest CAGR during the forecast period. The significant growth in the pediatric segment is attributed to the high prevalence of preterm births.
By application, the oncology segment holds the highest market share during the forecast period.
Based on application, the enteral feeding devices market is segmented into by oncology, gastrointestinal diseases, neurological disorders, diabetes, hypermetabolism, and other applications. The oncology segment held the highest market share in 2019. The high market share of this segment can be attributed to the increase in the prevalence of various types of cancers, especially head and neck cancers, gastrointestinal cancer, lung cancer, and liver cancer, is expected to play a major role in the higher adoption of enteral feeding devices used to provide clinical nutrition to cancer patients.
By end-user, the hospital segment holds the highest market share during the forecast period.
Based on end-user, the enteral feeding devices market is segmented into hospitals, home care settings, and ambulatory care settings. The hospital segment held the highest market share in 2019. The development of technologically advanced enteral feeding devices and the shift from parenteral nutrition to enteral nutrition are supporting the growth of the hospital segment.
By Region, The North America region holds the highest market share in 2019
North America holds the highest market share in 2019. The large share of North America can be attributed to the high adoption of enteral feeding devices among the aging population, increasing prevalence of chronic diseases, shift from parenteral to enteral feeding, and the development of innovative products.
Market Dynamics
Drivers
- Shift From Parenteral to Enteral Nutrition
- Increasing Incidence of Preterm Births
- Growing Demand for Enteral Feeding in the Home Care Sector
- Increasing Prevalence of Chronic Diseases
Restraints
- Complications Associated With Enteral Feeding Devices
Opportunities
- High Growth Opportunities in Emerging Countries
Challenges
- Insufficient Reimbursement for Enteral Nutrition
- Dearth of Skilled Professionals
Company Profiles
- Fresenius Kabi
- Nestle S.A.
- Danone
- B. Braun Melsungen Ag
- Avanos Medical
- Cardinal Health, Inc.
- Moog, Inc.
- Conmed Corporation
- Cook Medical
- Becton, Dickinson and Company
- Abbott Laboratories
- Boston Scientific
- Vygon Group
- Applied Medical Technology
- Amsino International, Inc.
- Fidmi Medical
- Vesco Medical, Llc
- Dynarex Corporation
- Medela Inc.
- Alcor Scientific
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