Enteral Feeding Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Enteral Feeding Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : June, 2020 | Medical Devices | PPT format

Report Digest

Global Enteral Feeding Device Market - Overview

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.

Global Enteral Feeding Device Market - Notable Developments

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.

  • In July 2017, Cardinal Health announced that the company has successfully taken over Medtronic’s Patient Recovery Business.
  • In May 2017, Avanos Medical announced that the company has launched Halyard Enteral Drainage System, an enclosed system for collection and drainage of contents in the gastrointestinal tract of patient with the help of enteral device.

Global Enteral Feeding Device Market - Drivers and Restraints

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.

Global Enteral Feeding Device Market - Geographical Outlook

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:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

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.