Enteral Feeding Devices Market will grow at a CAGR 5.8% over a forecast period: Radiant Insights

Posted on 2019-04-17 by researchinsights in Marketing // 0 Comments

CITY, Country, 2019-Apr-17 — /EPR Network/ — The global enteral feeding devices market size is expected to reach USD 3.58 billion by 2025, at a CAGR 5.8% over a forecast period, according to a new report by Radiant Insights, Inc. It is majorly driven by rising incidence of malnutrition and pre mature birth cases, prevalence of chronic disorders such as gastrointestinal disorders, cancer and neurological disorders.

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Furthermore, the shift from parenteral nutrition to enteral feeding is one of the factors gaining a significant traction in the market. This is owing to the increased risk of infections due to needle stick injuries during parenteral nutrition, whereas enteral nutrition is administered directly in the gastrointestinal tract. Moreover, older patients diagnosed with chronic diseases such as cancer, inherited metabolic disease and neurological disorders are recommended with enteral nutrition. Thus, rise in the number of admissions in hospitals due to increase in the number of patients diagnosed with chronic diseases are in turn driving the demand for enteral feeding, fostering the market growth.

In 2018, World Health Organization (WHO) stated that around 15 million preterm babies are born each year and this number is constantly rising and approximately 1 million children die each year due to preterm birth complications. Furthermore, over 60% of preterm births occur in Africa and South Asia due to increasing maternal age and underlying maternal health problems such as diabetes and high blood pressure. However, one of the major concerns with premature infants is swallowing and intake of proper nutrients. Therefore, demand for enteral feeding devices has gained a significant traction to provide adequate amount of food to for the growth and development of these infants.

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Further key findings from the report suggest:

In 2018, enteral feeding pump held the largest revenue share and is also expected to be the fastest growing segment over the forecast period, owing to the adoption of the device among patients who lacks key micronutrients
Nasogastric tubes held the second largest revenue share owing to the adoption of these tubes for providing medicinal and nutritional support to the ill patients
Introduction of low profile gastronomy devices or balloons has changed the way enteral feeding is performed. It has made the feeding and carrying the tube easy and incident free. These factors are expected to boost the adoption of low profile gastronomy tubes
North America held the largest revenue share of the enteral feeding devices market owing to the rising number of pre term births
Asia pacific expected to emerge at the fastest CAGR over the forecast period owing to the growing geriatric population and prevalence of malnutrition
Key players include CONMED Corporation; Abbott Nutrition; Kimberly Clark; Amsino International Inc.; Boston Scientific Corporation; Cook Medical; Moog Inc.; and Danone Medical Nutrition.

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About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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