The enteral feeding devices market is expected to reach USD 3.19 Billion by 2022 from USD 2.26 Billion in 2016, at a CAGR of 6.0% during the forecast period. The increasing prevalence of chronic diseases, rising geriatric population, rising incidence of preterm births, growing demand for enteral feeding devices in the home care sector, and the shift from parenteral to enteral nutrition are the major factors driving the growth of the market.
On the basis of application, the enteral feeding devices market is segmented into oncology, gastroenterology, diabetes, neurology, hypermetabolism, and other applications. The oncology segment is expected to grow at the highest CAGR owing to the increasing incidence and prevalence of cancer across the globe leading to the high incidence of malnutrition and the need for clinical nutrition in such patients.
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“The pediatrics segment is expected to grow at the fastest rate during the forecast period.”
On the basis of age group, the enteral feeding devices market is segmented adults and pediatrics. The pediatrics segment is expected to grow at the highest CAGR during the forecast period. This is primarily attributed to the rising incidence of preterm births across the globe.
“APAC to witness the highest growth during the forecast period.”
Geographically, the enteral feeding devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2016, North America commanded a major share of the enteral feeding devices market. However, Asia Pacific is expected to witness the highest growth during the forecast period. The significant growth of the Asia Pacific market is mainly attributed to the rising preterm births, rising aging population, growing awareness of enteral nutrition, and unfulfilled medical needs in emerging economies, with rapid improvisation of healthcare facilities.
The report analyzes the various types of enteral feeding devices in the market and their adoption patterns. It aims at estimating the market size and future growth potential of the enteral feeding devices market for different segments such as product, age group, application, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and market strategies.
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