Enteral Feeding Devices Market By Product (Giving Sets, Enteral Feeding Pumps, Gastrostomy Tubes, Low Profile Gastrostomy Devices, Percutaneous Endoscopic Gastrostomy Devices And Nasogastric Tubes) - Growth, Share, Opportunities, Competitive Analysis, And Forecast To 2023

The report titled "Enteral Feeding Devices Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023" offers strategic insights into the overall enteral feeding devices market, along with the market size and estimates for the duration of 2013–2023. The said research study covers an in-depth analysis of multiple market segments based on the type of product and different geographies. Enteral access allows the short- and long-term delivery of nutrients and medications into the GI tract of patients who cannot maintain their needs with oral intake.

Enteral nutrition is the preferred means of nutrient delivery for patients with intact and functional GI tracts because it is associated with better clinical outcomes relative to parenteral nutrition, including a lower rate of sepsis. The key factors assisting the growth of the enteral feeding devices market are the rising geriatric population base, the mounting prevalence of diseases such as diabetes, diarrhea, chronic pancreatitis, and other gastrointestinal diseases, along with high incidences of premature births.

For the purpose of this study, the global enteral feeding devices market is segmented on the basis of product type into giving sets, enteral feeding pumps, percutaneous endoscopic gastrostomy devices, low-profile gastrostomy devices, nasogastric tubes, and gastrostomy tubes. Market size estimates and forecasts for these segments for the period 2013–2023 are provided in terms of USD million, along with the respective compounded annual growth rates (CAGRs) for the period 2016–2023, considering 2015 as the base year.

The geographical segmentation of the enteral feeding devices market comprised regions such as North America, Europe, Asia-Pacific, Latin America & the Middle East, and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, Brazil, and GCC countries. The market size and forecast for these segments during 2013–2023 and their CAGRs for the period 2016–2023 are provided in this report.

The enteral feeding devices market is observed as the most diversified and competitive market, comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are ConMed Corporation, Fresenius Kabi, Medtronic, Boston Scientific Corporation, C.R. Bard, Moog Inc., Cook Medical, Nestle Inc., Amsino International Inc., Abbott Nutrition, Kimberly-Clark, Danone Medical Nutrition, and Others.

Based on the type of product, the global enteral feeding devices market is segmented as follows:

  • Enteral Feeding Pump
  • Nasogastric Tube
  • Percutaneous Endoscopic Gastronomy Device
  • Gastronomy Tube
  • Low-Profile Gastronomy Device
  • Giving Set

In 2015, enteral feeding pumps dominated the overall market in terms of revenue share and accounted for 62.1%, mainly due to their high market penetration accompanied by a high usage rate. In addition, market penetration of enteral feeding pumps in emerging economies from Asia-Pacific and Latin America contributes to their large revenue shares. The other factors capable of assisting the market growth of enteral feeding pumps in the near future are the rising geriatric population, increasing cases of premature births, and growing demand for enteral feeding pumps.

Market experts suggest that with post-market entry of more sophisticated and technologically advanced enteral feeds and devices, the overall market will experience a shift from parenteral to enteral nutrition and will boost market penetration levels in hospitals and especially in the homecare segment. Thus, rising public awareness about the valuable role of enteral clinical nutrition in disease treatment and prevention, along with enhanced and consistently high-quality clinical data, will assist the market's expansion by 2023.

For the purpose of this study, the global enteral feeding devices market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

 In the base year of 2015, Europe accounted for the largest market share of 33.8% due to the rising prevalence of chronic diseases in the geriatric population, sophisticated and accessible healthcare infrastructure, high patient awareness, organized insurance facilities, and incessant R&D activities specific to the development of feeding devices. Europe's enteral feeding devices market remained impervious to the economic downturn in European countries, mainly due to the life-saving applications of these devices and the aging population's need for enteral feeding devices. In addition, rising cases of premature births exacerbated the need for enteral feeding devices in critical infant care, thus driving the overall market in Europe. The regulatory factors have also affected the enteral feeding devices market, such as the implementation of ISO standards for small bore connectors, which have had a strong impact on the enteral feeding devices industry.

The introduction of these new standards from ISO is expected to increase the average selling price of enteral feeding devices in the near future. Asia-Pacific was observed as the fastest-growing market and expected to outgrow the European market by the end of the forecast period due to key driving factors such as the presence of high unmet medical needs, swiftly developing healthcare infrastructure, mounting patient awareness, and high disposable income levels.

Frequently Asked Questions:

The market for Enteral Feeding Devices Market is expected to reach USD 3,313.2 Mn in 2023

The Enteral Feeding Devices Market is expected to see significant CAGR growth over the coming years,at 5.8%

The report is forecasted from 2023.

The base year of this report is 2015.

ConMed Corporation,Cook Medical,C.R. Bard,Medtronic,Nestle Inc. are some of the major players in the global market.

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Published Date:  Sep 2016
Category:  Medical Devices
Report ID:   58089
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
Delivery Time: 24 Hours to 48 Hours   
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