Increasing Prevalence of Chronic Diseases Advancing The Market For Enteral Feeding Devices
This report aims to provide detailed insights into the global enteral feeding devices market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Revenue Growth Analysis:
The Enteral Feeding Devices Market is projected to reach $4.4 billion by 2025 from $3.2 billion in 2020, at a CAGR of 6.8% during the forecast period.
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Key Factors Driving Market Growth:
The increasing as 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 expected to further drive the enteral feeding devices market during the forecast period. Moreover, the shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding tubes in home and ambulatory care settings are also expected to drive the market in the coming years.
Technological advancements have also led to the development of compact and portable enteral feeding pumps, which are constructed using materials that prevent cracking in high-stress applications. Advanced features in pumps include appropriate programming options, programmed flushing intervals, multiple language options, occlusion pressure alarm options, history of previous feed rates, and screen and program lock-out features to prevent manipulation. Enhancements in pump designs (according to the requirements of healthcare providers and patients) and growth in the home healthcare market (enabling enteral feeding of nutrients to patients at home) are expected to propel the growth of the enteral feeding pumps market.
Enteral Feeding Tubes Segment:
The enteral feeding tubes segment accounted for the largest share of the enteral feeding devices market. The rising adoption of enteral feeding has resulted in an increase in the demand and uptake of enteral feeding tubes across the globe. These device modifications include the use of bright orange or purple tubing (solid and striped), "enteral-only" labels, and manufacturer-specific enteral-only or non-IV compatible connectors. Moreover, the Global Enteral Device Supplier Association (GEDSA), an international working group of enteral feeding tube manufacturers, distributors, and suppliers, has introduced new enteral connectors (ENFit) that conform to the new ISO standards. This universal connector design has been introduced to improve patient safety and reduce the incidence of medical device tubing misconnections.
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APAC Region to Dominate The Enteral Feeding Tubes Market:
Asia Pacific is estimated to be the fastest-growing regional market. Factors such as the increasing number of preterm births, rising geriatric population, growing awareness of enteral nutrition, and the rapid development of healthcare facilities in several APAC countries are driving the growth of this market. Key players have shifted their focus to emerging economies in these regions,and are focusing on expansions and acquisitions to garner a greater enteral feeding tubes market share in the coming years.
Key Players in Enteral Feeding Tubes Market:
The prominent players in Enteral Feeding Devices Market are Fresenius Kabi AG (Germany), Avanos Medical, Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Abbott Laboratories (US), Becton, Dickinson and Company (US), Boston Scientific Corporation (US), Cook Medical, Inc. (US), CONMED Corporation (CONMED) (US), Nestlé S.A. (Switzerland), Danone (France), Moog, Inc. (US), Vygon (France), Amsino International (US), and Applied Medical Technology, Inc. (US).