Enteral nutrition is often used for pediatric and geriatric patients. Gastroenteric tube feeding is used in the management of patients with poor voluntary intake, chronic neurological or mechanical dysphagia or gut dysfunction.
The global enteral feeding devices market is estimated to account for US$ 5,014.0 Mn in terms of value and XYZ Thousand Tons in terms of volume by the end of 2027.
Global Enteral Feeding Devices Market: Drivers
Increasing expenditure on gastrointestinal disorders is expected to propel growth of the global enteral feeding devices market over the forecast period. For instance, according to the study, “Burden and Cost of Gastrointestinal, Liver, and Pancreatic Diseases in the United States: Update 2018”, published in the journal Gastroenterology in January 2019, gastrointestinal diseases account for a total annual expenditure of US$ 135.9 billion.
Global Enteral Feeding Devices Market: Opportunities
Premature infants are more likely to have immature gastrointestinal systems. Thus, development of a universal feeding approach in preterm infants is expected to offer lucrative growth opportunities for players in the market.
Global Enteral Feeding Devices Market: Restraints
Compilations related to feeding tubes are expected to hinder growth of the market. Some of these complications include, nasopharyngeal discomfort, pharyngeal or oesophageal perforation, intraperitoneal bleeding, peristomal leaks, and gastrocolic fistula formation.
The global enteral feeding devices market was valued at US$ 3,102.0 Mn in 2019 and is forecast to reach a value of US$ 5,014.0 Mn by 2027 at a CAGR of 6.2% between 2020 and 2027. Increasing prevalence of cancer is also expected to aid in growth of the market
Enteral Feeding Pumps segment held dominant position in the global enteral feeding devices market in 2019, accounting for 58.6% share in terms of value, followed by Enteral Feeding Tubes and Enteral Syringes, respectively. The growth of the segment is attributed to increasing product launches and approvals during the forecast period.
Major organizations are focused on increasing awareness regarding enteral feeding. For instance, in February 2020, the Feeding Tube Awareness Foundation held Feeding Tube Awareness Week.
Increasing prevalence of diabetes is expected to increase demand for tube feeding. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.
Global Enteral Feeding Devices Market: Competitive Landscape
Major players operating in the global enteral feeding devices market include, Covidien (Medtronic Plc), Becton, Dickinson and Company, Kimberly-Clark Corporation, Qosina Corp., NeoMed, Inc., Fresenius Kabi, Moog Inc., Applied Medical Technology, Corpak Med Systems, and Amsino International.
Global Enteral Feeding Devices Market: Key Developments
Major players in the market are focused on expanding their geographical presence. For instance, in May 2019, Qosina Corp. established operations in Europe. In June 2019, the company also received ISO 22301 certification for a controlled business continuity management system.
Similarly, in March 2019, Medtronic plc launched the Medtronic MedTech Innovation Accelerator in Pujiang International Science and Technology City at Minhang District, Shanghai.
Scope of the report