COVID-19 Impact on Enteral Feeding Devices Market Growing at a CAGR of 6.8%

Pune, India, 2020-Sep-25 — /EPR Network/ —

COVID-19 Impact on Global Enteral Feeding Devices Market

Due to the COVID-19 outbreak, we are estimating that the major share of the medical devices industry that includes imaging devices, dental care devices, surgical products, and medical supplies among others, which contribute large percentage of the overall medical devices market will have a stagnant or deep fall in the growth rate in 2020 and couple of quartered from 2021.

According to our analysis, the below factors are playing a key role in shaping the growth of the global market;

• The outbreak of COVID-19 has been increasing at an exponential level in the US. This has led to the need to improve patient care and provide added nutritional support to patients affected by the virus. This has led to an increased adoption of enteral feeding devices, such as feeding tubes and administration sets, which in turn is expected to support market growth to a certain extent.
• In the light of the current pandemic situation, a new set of guidelines have been laid down by the National Nurses Nutrition Group, for both patients and healthcare prfessionals providing nutritional support for efficient patient and professional safety.

According to the new market research report “Enteral Feeding Devices Market By Type (Feeding Pump, Feeding Tube, Giving Set, Syringes), Age Group (Adult, Pediatric), Application (Oncology, Diabetes, Hypermetabolism), End User (Hospital, Home Care), COVID-19 Impact – Global Forecast to 2025“, published by MarketsandMarkets™, the Enteral Feeding Devices Market is projected to reach $4.4 billion by 2025 from $3.2 billion in 2020, at a CAGR of 6.8% during the forecast period.

The increasing as rising healthcare costs; surge in the number of preterm births; growth in the aging population; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders; growing awareness of enteral nutrition; and rapid improvements in healthcare facilities in emerging countries are expected to further drive the market during the forecast period. Moreover, the shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding devices in home and ambulatory care settings are also expected to drive the market in the coming years.

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Browse in-depth TOC on “Enteral Feeding Devices Market”

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Enteral Feeding Tubes Segment:

The enteral feeding tubes segment accounted for the largest share of the market. The rising adoption of enteral feeding has resulted in an increase in the demand and uptake of enteral feeding tubes across the globe. These device modifications include the use of bright orange or purple tubing (solid and striped), “enteral-only” labels, and manufacturer-specific enteral-only or non-IV compatible connectors.

Oncology Segment:

The oncology segment accounted for the largest share of the enteral feeding market. The oncology segment will continue to dominate the market by 2025, growing at highest CAGR during the forecast period. The increase in the prevalence of various types of cancers—especially head and neck cancers, cancers of the gastrointestinal system, lung cancer, and liver cancer—is expected to play a major role in the higher adoption of enteral feeding devices used to provide clinical nutrition to cancer patients.

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APAC Region to Dominate The Industry:

Asia Pacific is estimated to be the fastest-growing regional market. Factors such as the increasing number of preterm births, rising geriatric population, growing awareness of enteral nutrition, and the rapid development of healthcare facilities in several APAC countries are driving the growth of this market. Key players have shifted their focus to emerging economies in these regions,and are focusing on expansions and acquisitions to garner a greater market share in the coming years.

Key Players:

The prominent players in Enteral Feeding Devices Market are Fresenius Kabi AG (Germany), Avanos Medical, Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Abbott Laboratories (US), Becton, Dickinson and Company (US), Boston Scientific Corporation (US), Cook Medical, Inc. (US), CONMED Corporation (CONMED) (US), Nestlé S.A. (Switzerland), Danone (France), Moog, Inc. (US), Vygon (France), Amsino International (US), and Applied Medical Technology, Inc. (US).