According to The Insight Partners market research titled ‘Enteral Feeding Devices Market to 2027 – Global Analysis and Forecasts by Product, Material, Age Group, Application, and End User.’ The global enteral feeding devices market is expected to reach US$ 4,034.42 Mn in 2027 from US$ 2,359.06 Mn in 2018. The market is projected to grow with a CAGR of 6.2% from 2019-2027. The report provides trends prevailing in the global enteral feeding devices market and the factors driving the market and also the factors that act as hindrances.
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The global enteral feeding devices market, based on the product, was segmented enteral feeding tubes, enteral feeding pumps, administration sets, enteral syringes, and consumables. In 2018, the enteral feeding pumps segment accounted for the largest market share in the global enteral feeding devices market by product. Enteral feeding pumps play vital role for enteral nutrition by regulating the amount of nutrition to be given to the patients, hence the segment is anticipated to grow at a significant rate during the forecast period.
Major factors boosting the growth of market include growing demand for enteral feeding in-home care settings and a rising number of patients suffering from chronic diseases. However, complications associated with the use of enteral feeding devices is hampering growth of the market to a certain extent.
The enteral feeding devices market majorly consists of players such as Cardinal Health Inc., Fresenius Kabi AG, Abbott, B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical LLC, Danone SA, Moog Inc., and Owens & Minor, Inc. Several companies in the market are concentrating on inorganic strategies, such as mergers and acquisitions for enhancing their position in the market. For instance, in May 2018, Owens & Minor acquired Halyard surgical and infection prevention business, with a view to expand its presence in the global market, which would help in holding a strong position in the market.
Growing Demand for Enteral Feeding in the Home Care Settings
Enteral feeding is the medical procedure that is used to provide nutrition to patients who are not able to attain an adequate amount of nutrition through oral intake or the patient may be able to eat or drink safely. Enteral feeding devices facilitate nutritional intake to improve or maintain the nutritional requirements of the patients. In the enteral feeding procedures, the gastrointestinal tract needs to be accessible and functioning sufficiently to absorb the administered nutrients.
In some cases of chronic disorders, patients are not required to admit to the hospitals for enteral feeding related procedures. Healthcare professionals at their home can attend these patients. In the market, there are various products such as portable feeding pumps and ready to use enteral feeding kit is available. The medical services providers offer at-home enteral feeding related services. For instance, Mayo Foundation for Medical Education and Research (MFMER) offers home enteral nutrition services to the patients.
The report segments global enteral feeding devices market as follows:
Global Enteral Feeding Devices Market – By Product
Global Enteral Feeding Devices Market – By Material
Global Enteral Feeding Devices Market – By Age Group
Global Enteral Feeding Devices Market – By Application
Global Enteral Feeding Devices Market – By End User
Global Enteral Feeding Devices Market – By Geography
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