The growing elderly population is expected to drive the demand for enteral feeding devices in APAC
Arizton’s recent research report on the global enteral feeding devices market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by technology (enteral feeding pumps, enteral feeding tubes, and accessories & consumables), end-users (hospitals, ambulatory care facilities, and home care), patients (adults and pediatrics), application (oncology, gastroenterology, neurology, cardiology & pulmonology, and others), and geography (APAC, Europe, Latin America, MEA, and North America).
The global enteral feeding devices market is likely to reach over $3.5 billion, growing at a CAGR of around 6% during 2018−2014.
Enteral feeding (tube feeding)helps to deliver nutritionally rich feed, containing nutrients such as carbohydrates, protein, fat, water, minerals, and vitamins, directly into either stomach, duodenum, or jejunum. The steady growth of these devices can be attributed to the increasing prevalence of several chronic diseases, the rising elderly population, growing incidences of preterm births, and the rise of malnutrition in pregnant women.
The global enteral feeding devices market is divided into major segments - technology, end-users, patients, application, and geography.
The enteral feeding pumps segment accounts for the largest share of the global enteral feeding devices market
Enteral feeding pumps are used to control the feeding quantity to be delivered to the patient. This segment is expected to witness significant growth during the forecast period due to the increased usage of feeding pumps in hospital and home care settings. These pumps enable consistent and accurate delivery of nutrition, thereby reducing errors. The increasing availability of automated and compact feeding pumps has significantly improved the efficiency and clinical outcome of tube feeding. These systems are gaining popularity due to innovation and extended clinical applications to perform a variety of tube feeding in patient groups. Further, the increased automation witnessed by enteral feeding pumps is driving growth during the forecast period.
The increasing prevalence and incidence of various cancers is propelling the enteral feeding devices for cancer application
In 2018, the oncology segment dominated the global enteral feeding devices market. For instance, in 2018, around 1,735,350 new cancer cases were diagnosed in the US alone and approximately 609,640 people died from cancer. According to the International Agency for Research on Cancer, around 18 million new cancer cases were recorded in 2018. The usage of enteral feeding is relatively high among cancer patients. The high prevalence of cancers, especially gastric, head and neck/throat, and esophageal cancers and the increased need for enteral nutrition are contributing to the overall growth of global enteral feeding devices market by oncology. Boston Scientific offers a wide array of enteral feeding devices, including gastronomy tubes, jejunal tube, extension sets, PEG kits, and other related devices.
The APAC market is likely to have the highest CAGR growth during the forecast period
Factors such as rising preterm births, growing chronic diseases, and increasing elderly population with long-lasting diseases are the major factors driving market growth in APAC. The region is experiencing rapid improvement in healthcare infrastructure, advancements in medical technology, and growth of healthcare expenditures. The APAC region accounts for around 60% of the global population and has a large pool of patient population with chronic conditions, thereby increasing the demand for enteral nutrition. The rise in incidences of pre-term births and malnutrition in neonates is driving many clinicians to prescribe enteral feeding. The growing elderly population, approximately 12.4% of the total APAC population aged 60 years and above, is expected to increase several age-related diseases, which are likely to drive the demand for enteral feeding. Also, government bodies in several APAC countries are prioritizing access to nutritional therapies, thereby increasing the demand in the region.
Applied Medical Technology, Fresenius Kabi, Boston Scientific,B. Braun Melsungen, Vygon, Nestlé, Cardinal Health, Cook Medical, Avanos Medical, and DanoneNutriciaare identified as key vendors in the global enteral feeding devices market.
The complete overview of the latest market research report on the global enteral feeding devices market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
+1 302 469 0707
Oct 16, 2020
MI Procedures are Steering Atherectomy Devices Market Growth
The global atherectomy devices market is witnessing a new phase of technological advancements with t...
Oct 16, 2020
Is infectious disease diagnostics market a major segments in the global in-vitro diagnostics market?
The global infectious disease diagnostics market is one of the major segments in the global in-vitro...
Oct 15, 2020
Is the Outbreak of COVID-19 Increasing Traction for UV Germicidal Lamps?
The residential sector is witnessing increasing traction for UV germicidal lamps. ...