DUBLIN, Nov 22, 2021 (GLOBE NEWSWIRE) — By Type (Feeding Tube (Gastrostomy, Jejunostomy), Feeding Pump, Donation Kit), Age Group (Adult, Pediatric), Application (Diabetes) , Neurology), “Enteral Feeding Devices Market”, Disease, Cancer), End User (Hospitals, ACS, Home Care) – Global Forecast to 2026″ report has been added to ResearchAndMarkets.com’s offering.
The global enteral feeding devices market is expected to reach USD 4.9 billion in 2026 from USD 3.5 billion in 2021, growing at a CAGR of 6.6% during the forecast period.
Enteral feeding devices have become increasingly important in the healthcare industry over the years because of their various advantages over traditional nutrition management methods such as parenteral nutrition.In addition to being costly, parenteral nutrition has been associated with complications such as infection.Therefore, the global demand for advanced enteral feeding equipment is growing.
Factors such as rising healthcare costs; surge in preterm births; growth in aging populations; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal and neurological disorders; increased awareness of enteral nutrition; Rapid improvement will further drive the market over the forecast period.In addition, the shift from parenteral to enteral nutrition and increasing adoption and demand for enteral feeding devices in home and ambulatory care settings are also expected to drive the market over the next few years.
However, patient safety risks; increasing cases of feeding and medication errors; and complications associated with enteral feeding tubes, such as misconnection, tube displacement, and infection, are restraining the growth of this market to some extent.In addition, insufficient or lack of reimbursement in some developing and less developed countries, and global shortage of trained physicians, endoscopists, and nurses pose significant challenges to the growth of this market.
Based on product, the enteral feeding tube segment will hold the largest share during the forecast period
On the basis of type, the enteral nutrition devices market is segmented into enteral feeding tubes, drug delivery devices, enteral syringes, enteral nutrition pumps, and consumables.In 2020, the enteral feeding tube segment accounted for the largest share of the enteral feeding devices market, followed by drug delivery devices.The switch from parental feeding to enteral nutrition and the rise in cancer cases are expected to increase the adoption of enteral nutrition devices, which, in turn, will increase the global demand for management devices.
Oncology accounted for the largest share of the enteral nutrition devices market in 2020, followed by gastrointestinal disorders, neurological disorders, diabetes, hypermetabolism (9.2%), and other applications.Oncology will continue to dominate the market through 2026.The increased prevalence of various cancers, especially head and neck, gastrointestinal, lung, and liver cancers, is expected to play a major role.The adoption rate of enteral nutrition devices used to provide clinical nutrition to cancer patients is higher.
On the basis of age group, the enteral feeding devices market is segmented into adult patients (18 years and older) and pediatric patients (neonatal under 1 month, infants 1 month to 2 years, children 2 to 12 years, and adolescents 12 years and 16 years old).In 2020, the adult patient market share is larger.This can be attributed to the increasing incidence of chronic diseases and diseases that lead to malnutrition and the rapid increase in the elderly population.
Hospitals, home care facilities, and ambulatory care facilities are the major end users of the enteral feeding devices market.The hospital segment held the largest market share in 2020.The development of technologically advanced enteral nutrition devices and the shift from parenteral nutrition to enteral nutrition are supporting the growth of the hospital segment.
Asia Pacific is expected to be the fastest growing regional market for enteral feeding devices during the forecast period.Factors such as increasing number of preterm births, increasing geriatric population, increasing awareness of enteral nutrition, and rapid development of healthcare facilities in several Asia-Pacific countries are driving the growth of this market.Major players have shifted their focus to emerging economies in these regions and focused on expansion and acquisitions to gain greater market share in the coming years.
The report analyzes the enteral feeding devices market and aims to estimate the market size and future growth potential of this market based on various segments such as product type, age group, application, end user, and region.The report also includes a product portfolio matrix of various enteral feeding products in the market.The report also provides a competitive analysis of the key players in this market along with their company profiles, product offerings, and key market strategies.
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Post time: Feb-10-2022