Market Dynamics
Market growth drivers include a rising geriatric population worldwide, along with a rising prevalence of chronic diseases, an increasing change from parenteral to enteral nutrition, and a growing incidence of preterm births. For example, the World Health Organization (WHO) stated that the global elderly population was 841.0 million in 2013, 962.3 million in 2017, and expected to reach more than 2.0 billion by 2050.
As per Market Research Future (MRFR) analysis, the global enteral feeding devices market held a valuation of USD 2,302.4 million in 2017. It is estimated to grow at a CAGR of 6.1% from 2017 to 2023 (forecast period).
On the other hand, complications associated with enteral feeding devices, including inadvertent dislodgement of tubes and strict refund policies, are expected to hinder market growth over the forecast period.
Market Segmentation
The global market for enteral feeding devices market has been segmented into product, age group, indication, and end-user.
Based on the product, the global market for enteral feeding devices has been segmented into enteral feeding pumps, enteral feeding tubes, enteral syringes, administration sets, and consumables. The enteral feeding tubes segment is further segmented into nasoenteric feeding tubes, oroenteric feeding tubes, and enterostomy feeding tubes.
Based on the age group, the global market for enteral feeding devices has been divided into adults and pediatrics.
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Based on indication, the global market for enteral feeding devices has been segmented into cancer, gastrointestinal diseases, diabetes, neurological disorders, hypermetabolism, and others.
Regional Analysis
Region-wise, the global enteral feeding devices market has been segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas led the global market for enteral feed devices in 2017. This is due to the involvement of significant market players and well-established healthcare infrastructure, the growing prevalence of lifestyle diseases, and rising technical advancements in enteral feeding. Such market players are engaged in manufacturing technologically advanced devices, including texture modifications in products that meet individual patient requirements. The demand for disposable and portable pumps from healthcare centers and small peripheral laboratories is on the rise, thus encouraging market development.
Europe is anticipated to follow Americas in terms of value owing to early product approval, market launch, and high adoption of enteral feeding pumps, as well as an increasing number of reconstructive surgeries and radiotherapy procedures in the United Kingdom, Germany, and France.
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Key players
Some of the spearheads in the global enteral feeding devices market are Abbott Laboratories, Medtronic plc, Cook Medical, B. Braun Melsungen AG, Becton, Dickinson and Company (BD), Fresenius Kabi AG, Danone Nutricia, Boston Scientific Corporation, CONMED Corporation, Moog, Inc., Nestlé, Halyard Health, Inc., and Vygon SA.
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