The Global Enteral Feeding Devices Market is Projected to Reach US$2.9 Billion by 2024
Rising Number of Patients
with Chronic Diseases and Age-Related Medical Conditions to Drive Growth in the
Global Enteral Feeding Devices Market, According to a New Report by Global Industry Analysts,
Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Enteral Feeding Devices
market. The global Enteral Feeding
Devices market is projected to reach US$2.9 billion by 2024, driven by the growing need
to provide nutritional support to patients with chronic medical conditions. The
increasing preference for home-based enteral nutrition therapy also favors
growth in the enteral feeding devices market.
Enteral
feeding has emerged as a preferred method to provide essential nutrition to
patients with a functional gastrointestinal tract but who are unable to obtain
sufficient nutrition through the oral route. Enteral feeding devices have since
long played an important and beneficial role in the treatment of various
medical conditions including gastrointestinal diseases, hypermetabolism, AIDS,
organ system failure, cancer, diabetes and neurological diseases among others.
Enteral feeding devices are also essential for providing long-term nutritional
support to elderly patients suffering from age-related medical conditions or
other chronic illnesses as well as premature infants with underdeveloped organ
systems. A growing number of ambulatory care settings and hospitals worldwide
are using enteral nutrition therapy to provide effective clinical nutrition to
patients, thus driving demand for enteral feeding devices.
The
growing realization about the benefits of enteral nutrition therapy in
addressing nutritional needs of patients is expected to continue fostering
growth in the enteral feeding devices market. Growth is being driven by the
sustained increase in the number of people suffering from various chronic
medical conditions, an aging population at a high risk of age-related medical
conditions, and the steady increase in prevalence of premature births across
the world. The growing number of hospital admissions due to chronic illnesses
and surgeries is also necessitating enteral nutrition therapy to patients, thus
driving the enteral feeding devices market. Demand for enteral feeding devices
is also being influenced by the growing demand for home based care among both elderly and
pediatric patients. The growing popularity of home-based enteral device
therapies and the subsequent reduction in the number of hospital visits has
been a positive factor for the market.
The
introduction of innovative products based on advanced technology presents further
growth opportunities for the enteral feeding devices market. Specifically, the
launch of portable, technologically advanced and cost-effective products, such
as low profile gastrostomy devices, presents significant growth potential for
the market. The market also stands to benefit from the unmet medical needs of
the emerging markets such as China and India. The availability of improved
reimbursement coverage for enteral feeding therapy and devices will also play a
vital role in augmenting demand for enteral feeding devices over the coming
years.
As
stated by the new market research report on Enteral Feeding Devices, the United States
represents the largest market worldwide. Rising prevalence of gastrointestinal
disorders and higher susceptibility of chronic diseases among the nation’s
expanding geriatric population are major factors necessitating enteral
nutrition therapy, thus fueling demand for enteral feeding devices. The growing
popularity of home based enteral therapies also augurs well for the market. Asia-Pacific
is forecast to register the fastest CAGR of 8% over the analysis period. Sustained
increase in healthcare spending levels and rising awareness about the
significance of enteral nutrition is also contributing to market growth in the
region. China and India are the high growth regional markets in Asia-Pacific’s
enteral feeding devices market.
Major
players in the market include ALCOR Scientific Inc., Amsino International Inc.,
Applied Medical Technology Inc., B. Braun Melsungen AG, Boston Scientific
Corporation, C. R. Bard Inc., Caesarea Medical Electronics Ltd., Cook Medical
Inc., CONMED Corporation, Fresenius KABI AG, Halyard Health, Inc., Medela LLC,
Medtronic plc, Moog Inc., Nestlé Health Science S.A, Nutricia Advanced Medical
Nutrition, and VYGON SA, among others.
The
research report titled “Enteral Feeding Devices: A
Global Strategic Business Report” announced by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, issues, drivers, mergers, acquisitions and other strategic
industry activities of global companies. The report provides market estimates
and projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe),
Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and
Rest of Latin America) and Rest of World. The report analyzes the Enteral
Feeding Devices market by the product segments - Feeding Pumps, Nasogastric
Tubes and Others.
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com
Global Industry Analysts, Inc. 6150 Hellyer Ave., San
Jose CA 95138, USA, All Rights Reserved.
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