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Enteral Feeding Devices Market worth over $3.5bn by 2024

Enteral Feeding Devices Market worth over $3.5bn by 2024

Europe enteral feeding devices market size generated 35% of global revenue in 2015, with regional sales set to cross USD 1 billion by 2024. APAC, with China and India enteral feeding devices market size leading the way, is slated to witness highest growth estimate of 6.8%, thus becoming the most lucrative business opportunity.
Enteral Feeding Devices Market Size By Product (Giving Set, Enteral Feeding Pump, Percutaneous Endoscopic Gastrostomy Devices, Low Profile Gastrostomy Device, Nasogastric Tube, Gastrostomy Tube), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, China, India, Japan, Mexico, Brazil, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Global enteral feeding devices market is poised to witness a remarkable surge, owing to the growing geriatric population base, increasing pre-term births, and rising incidences of chronic diseases. In addition to this, rising awareness in the patients regarding advance diagnosis tests for early stage diseases and cost effective treatments indicates lucrative growth opportunities for the enteral feeding devices industry. 

According to Global Market Insights, Inc. “Enteral Feeding Devices Market size is estimated to witness a CAGR of 6.1% over the period of 2016-2023.”  Moreover, innovations and technological advancements in order to meet different patients’ demand such as portability, accuracy, and user-friendly features will fuel the growth of the enteral feeding devices market.

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Enteral feeding devices have transformed the healthcare and the medical nutrition industry, where these devices are used for delivering nutritionally complete food containing fat, protein, carbohydrate, minerals, and vitamins directly into the stomach or intestine of the patients. The enteral feeding devices are majorly used by the patients who are unable to obtain their nutritional needs through the oral route. The beneficial role played by the feeding devices, tubes, and pumps for the suffering patients will augment the enteral feeding devices industry.

                                            U.S. Enteral Feeding Devices Market size, by Product, 2012- 2024 (USD Mn)

U.S. Enteral Feeding Devices Market size, by Product, 2012- 2024 (USD Mn)

Based on the product type, the enteral feeding devices market is segmented into the enteral feeding pump, gastrostomy devices, gastrostomy tube, nasogastric tube, giving set, percutaneous endoscopic gastrostomy devices, and low profile gastrostomy device. The rising prevalence of preterm births, growing geriatric population and increasing use of device in home care settings for patients are the key factors driving the enteral feeding devices product landscape.

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Enteral feeding pumps market revenue contributing to the highest industry share is projected to beat USD 3.5 billion by 2024. Enteral feeding pump is estimated to be the leading segment registering a CAGR of 6.1% over the period of 2016-2024. Moreover, nasogastric tubes and percutaneous endoscopic gastrostomy devices market will also witness a significant surge in the coming seven years. Furthermore, technological advancements in the product have led to rise in sales of enteral pumps such as companion enteral nutrition pumps, patrol enteral pump, and flexiflo quantum enteral pump.

Geographically, Europe enteral feeding devices market accounting for largest industry share, is set to cross USD 1 billion by 2024, owing to rising patient awareness levels, high healthcare expenditure, increasing geriatric population, and highly developed healthcare facilities. Moreover, implementation of favorable regulations and growing R&D for advancement in product portfolio will augment the enteral feeding devices industry growth.

Asia Pacific enteral feeding devices industry, with growth imminent from China and India, is on the verge of becoming most profitable market with an annual growth rate of 6.8% over the period of 2016-2024. Presence of high geriatric population in Japan is also likely to elevate the business opportunities for the enteral feeding devices industry.

Global enteral feeding devices industry is consolidated with key industry players sharing 70% of the overall business space.  The notable industry participants include Abbott Nutrition, Nestle, Fresenius Kabi, Danone, Conmed Corporation, Amsino International Inc., Cook Medical, Kimberly Clark Corporation, etc.

Browse key industry insights spread across 84 pages with 135 market data tables & 7 figures & charts from the report Enteral Feeding Devices Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/enteral-feeding-devices-market

Global Market Insights has segmented the enteral feeding devices market on the basis of product, and region:

Global Enteral Feeding Devices Product Analysis (Revenue, USD Million; 2012 – 2024)

  • Giving Sets
  • Enteral Feeding Pump
  • Percutaneous Endoscopic Gastronomy Device
  • Low Profile Gastrotomy Device
  • Nasogastric Tube
  • Gastrotomy Tube

Enteral Feeding Devices Market Regional Analysis (Revenue, USD Million; 2012 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

 

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       https://www.gminsights.com/industry-analysis/breast-pump-market

 

About Global Market Insights

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