Enteral feeding tubes market is projected to reach USD 1038.49 million by 2026
Enteral feeding tubes market is projected to reach USD 1038.49 million by 2026
Date: April 2020
Enteral feeding is a technique of delivering nutrition or medications directly in the stomach or intestine. Many medical conditions, diseases, disorders such as such as cancer, gastrointestinal diseases, neurological disorder require the use of feeding tubes. Enteral feeding tubes are generally used to feed the specialized diets in elderly or bedridden patients suffering from chronic disorders, such as cancer, gastrointestinal diseases, neurological disorders etc.
The demand of the enteral feeding tubes will continue over the forecast period because these devices are
Associated with lower infection rates, lower cost compared to total parenteral nutrition, fewer metabolic problems and
It is well suited to world’ ageing population because elderly population is more prone to developing GI strictures and blockage due to disease
The report analyzes the market for various enteral feeding tubes and their adoption patterns. It aims at estimating the market size and future growth potential of the enteral feeding tubes market and its sub segments
The neonatal segment is expected to grow at the highest CAGR during the forecast period
Based on age group, the enteral feeding tubes market is segmented into adults (18 years and over) and paediatrics (children between 2 and 12 years, and adolescents between 12 and 16 years) and neonatal (children between 1 and 3 months). The neonatal segment is expected to register the highest CAGR during the forecast period. The high prevalence of preterm births across the globe is a major factor supporting the growth of this segment. However, the market for adults is likely to dominate the market during the forecast period.
The oncology segment is expected to grow at the highest CAGR during the forecast period
The oncology application segment was accounted for market share in 2019. Increasing use of enteral nutrition to support patients with head and neck cancer which are at high risk of malnutrition is among key factors anticipated to drive the market for enteral feeding tubes. Likewise, cancers of the gastrointestinal system, lung cancer, and liver cancer, are also expected to play a major role in the higher adoption of enteral feeding tubes used to provide clinical nutrition to cancer pat
The home care settings segment is expected to grow at the highest rate during the forecast period
The study estimates that the hospital segment accounts for the largest market share. Increasing need for better service, higher patient attention and reimbursement is the prominent cause leading the growth of this segment. The home care segment is the fastest growing segment in the global enteral feeding tubes market by end user, owing to the key benefit associated with it, such as convenience and reduced overall cost of home enteral care.
APAC is projected to witness the highest growth during the forecast period.
Although North America is expected to account for the largest share of global enteral feeding tubes market in 2019, the APAC is expected to witness the highest CAGR during the forecast period. The growth of this market is driven by the rising preterm births, rising aging population, and growing awareness of enteral nutrition.
Key Players :
Enteral feeding tubes market is market is highly competitive owing to many established market players in the market. The key competitors of this market include Conmed Corporation (U.S.), Becton, Dickinson And Company (U.S.), Cook Medical(U.S.), Amsino International Inc.(U.S.), Boston Scientific Corporation(U.S.), Moog INC. (U.S.), Nestle Health Science (Switzerland), Fresenius Kabi (Germany), Abbott Healthcare Private Limited (U.S.), Covidien (Medtronic) (Ireland), Avanos Medical Inc (U.S.), Baxter International (U.S.), Medela Inc. (Switzerland), Kentec Medical (U.S.), Halyhard Health (U.S.), Vygon (France) and Applied Medical Technologies (U.S.) among others.