The rising prevalence of cancers is likely to contribute to the overall growth of the feeding devices market.
Arizton’s recent research report on the global enteral feeding devices market identifies Applied Medical Technology, Fresenius Kabi, Boston Scientific, B. Braun Melsungen, Vygon, Nestlé, Cardinal Health, Cook Medical, Avanos Medical, and Danone Nutricia as the key vendors in the market. This research report provides a comprehensive industry analysis, trend forecasts, and competitive analysis. The study segments the feeding devices 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), applications (oncology, gastroenterology, neurology, cardiology & pulmonology, and others), and geography (APAC, Europe, Latin America, MEA, and North America).
The global feeding devices market is expected to reach revenues of over $3.5 billion, growing at a CAGR of around 6% during 2018−2024.
According to the World Health Organization (WHO) 2017 report, around 2 billion people are suffering from the deficiency of key micronutrients such as vitamins and iron globally. Enteral feeding is considered the first line of artificial nutrition support for the patients that suffer from ingestion. People suffering from functional gastrointestinal (GI) tract, malnourishment, and dysphagia are fed through feeding devices.
The leading drivers and trends accelerating the growth of the feeding devices market are discussed below:
Increasing malnutrition among patients with chronic disorders worldwide
The occurrence of malnutrition is high in patients with chronic illnesses such as cancer, neurological disorders, heart failure, and Chronic Obstructive Pulmonary Disease (COPD). As there is a close relationship between nutrition and disease, which may affect overall recovery from illness, surgery, or injury, the patient's gross nutritional state needs to be assessed by measuring weight, height, and calculating the body mass index (BMI). Therefore, enteral feeding tube is a valuable treatment modality for the management of both acute and chronic illness. The increasing number of people with chronic conditions coupled with rising elderly population is encouraging medical professionals worldwide to recommend enteral feeding as nutritional support to address dysphagia and malnutrition challenges.
In the Latin American region, including Argentina, Brazil, Chile, Mexico, Paraguay, Peru, Venezuela, and Uruguay, disease-related malnutrition was reported around 50% of adult patients in countries. Approximately 70% of all deaths in the US are from chronic diseases, and an estimated 50% of all deaths are from cancer, heart diseases, and stroke.
Growing prevalence of cancer disorders aiding feeding devices market
The usage of enteral feeding is relatively high among cancer patients. The high prevalence of cancers, especially gastric, head and neck/throat, and esophageal is contributing to the overall growth of enteral feeding devices market globally. Cancer is the second leading cause of deaths globally and accounted for an estimated 9.6 million deaths in 2018. About 1 in 6 deaths is due to cancer worldwide. According to the Cancer Research UK, around 17 million new cases of cancer were reported worldwide in 2018. It is expected that Cancer incidences are expected to increase by 62% between 2018 and 2040. Asia accounts for around half of the new cancer cases and more than half of total cancer deaths. Malnutrition occurs in 40% to 80% of cancer patients and is a major cause of morbidity and mortality in patients with end-stage cancers. Patients with gastric cancer often suffer from malnutrition. Malnutrition is severe in patients that undergo tumorectomy. Therefore, the rising prevalence of cancers has increased the demand for tube feeding, thereby contributing to the overall growth of enteral feeding devices market.
Abbott, ALCOR Scientific, Amsino International, Angel Electronic Equipment, BD, CONMED, Dengania Silicone, ERENLER MEDİKAL, Jiangsu Kangjin Medical Instrument, MOOG, OiarsoS.Coop, Pacific Hospital Supply, Samtronic, SECURMED, TROGE MEDICAL, and Wuhan W.E.O. Science & Technology Development are identified as the other prominent vendors in the global 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 market sizing 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.
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