Enteral Feeding Devices Market Expected to Reach US$ 4,623.7 Mn by 2025
Posted by Shristi on November 21st, 2019
“The Global Enteral Feeding Devices Market expected to reach US$ 4,623.7 Mn and escalating at a notable CAGR over the forecast years owing to rise in the prevalence of chronic diseases such as cancer and cardiovascular disorders across the globe.”
The global enteral feeding devices market accounted for US$ XX Mn in 2018 and expected to grow at prominent growth over the forecast years to reach US$ 4,623.7 Mn by 2025. The major factors influencing the growth of global enteral feeding devices include rise in prevalence of cancer, neurological disorders, traumatic injuries, and other chronic diseases across the globe, surge in global geriatric population, development of newer enteral feeding devices by the market players, surge in number of preterm births, and surge in adoption of enteral feeding devices at homecare settings are anticipated to propel the enteral feeding devices market over the forecast years. However, lack of reimbursement policies for the enteral feeding devices, huge competition between the market players, and complications with the enteral feeding devices are hamper the growth of enteral feeding devices market over the forecast timeframe
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Global enteral feeding devices market segmented on the basis of product type, age group, route of administration, application, end user, and region
Low Profile Gastro Tubes Expected to Dominate the Global Enteral Feeding Devices Market
Based on the product type, global enteral feeding devices market segmented into feeding pumps, feeding tubes, low profile gastro tubes, nasogastric tubes, and others. low profile gastro tubes dominated the global enteral feeding devices market in 2018 and expected to grow at 5.6% CAGR over the forecast years owing to rise in adoption of these devices for pediatric and adult patients due to less bulky, lie discreetly under clothing, and can be changed in the home setting by patients or caregivers with the proper training. Moreover, rise in R&D for the development of newer devices also surge the market over the forecast timeframe. For instance, in October 2019, Fidmi Medical secures US FDA approval for low-profile feeding tube system.
North America Leads the Global Enteral Feeding Devices market
PBI’s global enteral feeding devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing rise in prevalence of chronic diseases in USA and Canada, increase in the awareness about the enteral feeding devices usage, and launch of newer products into market. Europe enteral feeding devices market projected to exhibit significant growth due to rise in prevalence of chronic diseases due to change in lifestyle, high adoption of advanced enteral feeding devices, and rise in disposable income are bolster the market.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Enteral Feeding Devices market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In October 2017, Vygon Group launched Easymoov6, more intuitive enteral feeding pump upports the management of enteral feeding in both hospital and homecare.
Key player’s profiles in the report are B. Braun Melsungen AG, Fresenius Kabi AG, Abbott, Inc., Boston Scientfic Corporation, Conmed Corporation, Becton, Dickinson and Company, Medtronic plc, Vygon Group, Fidmi Medical, and C.R. Bard Inc. (U.S.)
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By Product Type
By Age Group
By Product Type
By Product Type
By End User
Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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