Enteral Feeding Devices Market To Experience Major Revenue Surge In Enteral Feeding Tubes Segment
Seeking Alpha Analyst Since 2014
#Healthcare Consultant focusing on #TeleHealth #TeleMedicine #PatientPortals #CVIS #HCIT #MedicalRobots #Vaccines #MedicalDevices #WirelessHealth #Biotechnology
Summary
- What the market looks like?
- What are the major market growth drivers?
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 enteral feeding devices market during the forecast period. Moreover, the shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding tubes in home and ambulatory care settings are also expected to drive the market in the coming years.
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 Tubes 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.
Enteral Feeding Tubes Segment:
The enteral feeding tubes segment accounted for the largest share of the enteral feeding devices 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.
Download PDF Brochure:
Enteral Feeding Devices Market
Covid-19 Impact on 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 60-75% 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. A new, USD 5-7 billion market opportunity (by 2021) is opening up in the medical devices industry that includes critical care medical devices.
On the other hand, products such as enteral feeding devices, do not show a major revenue shift in 2020 and 2021, as compared to other medical devices such as devices used in the ICUs, CCUs, and emergency department of the hospitals. However, there is an increase in the market for enteral feeding devices with the growing need for nutrition management in COVID susceptible patients. Apart from this, the increasing demand for enteral feeding tubes in the home care sector, along with the shift from parenteral to enteral feeding is aiding market growth during this period.
Request Sample Report:
Enteral Feeding Devices Market
APAC Region to Dominate The Enteral Feeding Tubes Market:
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 enteral feeding tubes market share in the coming years.
Key Players in Enteral Feeding Tubes Market:
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).
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.