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.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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