Enteral Feeding Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
The shift from parenteral nutrition to enteral nutrition is propelling the demand for enteral feeding devices in home as well as ambulatory care settings. Additionally, factors such as an upsurge in the number of preterm births, increasing healthcare costs, and growth in the aging population are also contributing to the progress of the global enteral feeding device market. The rising prevalence of chronic diseases such as cancer, diabetes, gastrointestinal diseases, and neurological diseases along with the rising awareness of enteral nutrition are substantially contributing to an increase in the adoption of these devices in the global market.
The global enteral feeding device market features a fragmented landscape owing to the strong presence of several key players in the market. These leading companies in the global market are constantly focusing on strategic expansions and acquisitions. Additionally, several strategic collaborations and partnerships are further strengthening their market share. The existing market players are deploying various approaches and advanced techniques to thrive in the global market.
Some of the leading companies in the global enteral feeding device market include names such as Fresenius Kabi AG, Avanos Medical, Inc., Cardinal Health, Inc., B. Braun Melsungen AG, and Nestle S.A. among others.
The various technological advancements are enabling the evolution of programming and safety features as well as user-friendly and portable feeding pumps. The advanced features of these devices include occlusion pressure alarm options, programmed flushing intervals, appropriate programming options, multiple language options, screen and program lock-out features to prevent manipulation, and history of previous feed rates. The augmentations in pump designs and advancement in the home healthcare market are encouraging the enteral feeding of nutrients to patients at home, which is significantly contributing to the rising adoption of enteral feeding devices.
The global enteral feeding device market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global enteral feeding devices market is growing remarkably owing to the substantial contribution of the regional segment of North America. Several factors such as the presence of many large hospitals, development of innovative products, a rise in the prevalence of chronic diseases, high adoption of enteral feeding devices among the aging population, and a shift from parenteral to enteral feeding in the region are positively impacting the global enteral feeding devices market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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