The global enteral feeding devices market, by Product Type (Enteral feeding tubes, Enteral feeding pumps, Giving sets, Administration reservoirs, and Enteral syringes), by Age Group (Pediatric and Adults), by End User (Hospitals, Ambulatory care centers, and Home care settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 2,279.7 million in 2017, and is projected to exhibit a CAGR of 6.4% over the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights.
Leading manufacturers in the global enteral feeding devices market are focused on launching innovative products. For instance, Vygon S.A. introduced easymoov6, an intuitive enteral feeding pump, in 2017. The pump is connected via a tube to a nutrient bag and equipped with a digital interface to support the management of enteral feeding in both hospital and homecare. Similarly, Halyard Health introduced an improved placement kit for its percutaneous endoscopic gastrostomy (PEG) tube, the MIC PEG tube, in 2015. These factors are expected to support global enteral feeding devices market growth over the forecast period. Enteral feeding devices market is a technology driven industry, and manufacturers have to keep on improving technology of their medical devices in order to improve the medical care along with effectively sustaining their position in the market. Large organizations (such as Medtronic plc) have vast businesses in variety of medical fields which diffuses their attention more towards areas with high potential and return on investment (ROI). As such, small to medium scale manufacturers can exploit such opportunities and can focus on technology innovation in select areas (in this case enteral feeding devices) in order to have a strong foothold in the market. However, large organizations can still dominate with little to no technology advancement on the basis of more resources, capacities, and other advantages.
Browse 43 Market Data Tables and 34 Figures spread through 175 Pages and in-depth TOC on Global Enteral Feeding Devices Market, by Product Type (Enteral feeding tubes, Enteral feeding pumps, Giving sets, Administration reservoirs, and Enteral syringes), by Age Group (Pediatric, and Adults), by End User (Hospitals, Ambulatory care centers, and Home care settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026
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Government as well as individual organizations are taking initiatives to spread awareness about benefits of enteral feeding. For instance, the Feeding Tube Awareness Foundation celebrated its annual Feeding Tube Awareness Week from February 4 to 8, 2019. The mission of Awareness Week is to promote the positive benefits of feeding tubes as a lifesaving medical intervention. Moreover, new product launches and regulatory approvals boost the global enteral feeding devices market growth. For instance, Covidien plc received the U.S. Food and Drug Administration (FDA) clearance for the Kangaroo feeding tube with IRIS technology in 2014. Trovita Health Science received U.S. FDA marketing authorization of the new SAFE-T FEED device for administering tube-feeding formulas, in 2017. Medela LLC received 510(k) clearance from the U.S. FDA to market ENFit Low Dose Tip enteral syringes, in 2017. These factors are further expected to support global enteral feeding devices market growth over the forecast period.
Key Takeaways of the Global Enteral Feeding Devices Market:
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