Enteral Feeding Devices Market to Reach $4.42 Bn, Globally, by 2027 at 5.5% CAGR: AMR

News provided by

Aug 19, 2020, 09:45 ET

PORTLAND, Ore., Aug. 19, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Enteral Feeding Devices Market by Product (Enteral Feeding Pumps, Enteral Feeding Tubes, Enteral Syringes, Giving Sets, and Consumables), Age Group (Adult and Pediatrics), Application (Gastrointestinal Diseases, Cancer, Malnutrition, Neurological Disorders, and Other Applications), and End User (Hospitals, Home Care, and Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report published by Allied Market Research, the global enteral feeding devices market generated $2.82 billion in 2019, and is projected to reach $4.42 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027.

Drivers, restrains, and opportunities-

Increase in prevalence of chronic diseases, rise in geriatric population, growth in incidence rate of malnutrition cases, and high adoption of enteral nutritionpropel the growth of the global enteral feeding devices market. Nevertheless, stringent governmental regulations and inadvertent dislodgement of tubesrestrain the market growth. Moreover, advancement in emerging economies and development of advanced feeding devices with lesser side effectsoffer new opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/704

Covid-19 scenario:

Unlike other industries, the manufacturing processes for enteral feeding devices were continued even during the lockdown, as it comes under essential products.
However, the supply chain disruptions have caused shortage of raw material, resulting in slow down of manufacturing.

The enteral feeding pumps segment contributed to the largest share in 2019-

Based on type, the enteral feeding pumps segment contributed to the largest share in 2019, accounting for more than one-third of the global enteral feeding devices market, and is estimated to maintain its dominant position during the forecast period. Furthermore, the segment is also expected to register the highest CAGR of 6.3% from 2020 to 2027. This is owing to rise in usage of the feeding pumps and lesser side effects as compared to other devices.

The hospital segment to dominate the market in 2019-

Based on end-user, the hospital segment accounted for the largest share in 2019, holding more than three-fifths of the global enteral feeding devices market, and is expected to maintain the largest share throughout the forecast period. This is attributed to high availability of these products in hospitals and placement of tubes in hospitals with high success rate. In addition, shift from parenteral nutrition to enteral nutrition boosts the growth of the segment. On the other hand, the home care segment is estimated to portray the highest CAGR of 6.1% during the forecast period. This is attributed to increasing preference for enteral feeding tubes by geriatric population as point-of-care device at home due to ease and convenience offered by enteral feeding devices. Additionally, increasing number of children suffering from malnourishment and metabolic disorders requiring energy source fuels the segment growth.

Europe, followed by North America to rule the roost throughout 2027-

Based on region, Europe, followed by North America, contributed to the highest share, accounting for around one-third of the global enteral feeding devices market in 2019, and will maintain its dominance throughout the forecast period. This is attributed to early approval of enteral feeding devices and high adoption of enteral feeding pumps in this region. However, Asia-Pacific is expected to grow at the highest CAGR of 6.2% from 2020 to 2027. This is due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward safe enteral feedings products in the province.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/704

Leading market players-

Fresenius SE & Co. KGaA
Boston Scientific Corporation
Danone
Cook Medical, Inc.
Cardinal Health Inc.
Becton
Dickinson and Company
Moog Inc.
B. Braun Melsungen AG
Owens & Minor, Inc.
Nestlé S.A.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Serum Separating Tubes Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Drug Delivery Devices Market - Global Opportunity Analysis and Industry Forecast, 2019–2026

Breast Feeding Aid Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web:https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research