Enteral Feeding Devices Market Is Projected To Be Around $2.98 Billion By 2022
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A research study titled, “Enteral Feeding Devices Market by Product- Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Enteral Feeding Devices Market is projected to be around $2.98 billion by 2022.
The global Enteral Feeding Devices market was worth USD 1.71 billion in the year of 2012 and is expected to reach approximately USD 2.98 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 5.11% during the forecast period. Eternal feeding is performed by making the use of a feeding tube which is a medical gadget used to give nourishment to patients who can't get nutrition by mouth, can't swallow securely, or require nutritious supplementation. Placement might be transitory for the treatment of intense conditions or long lasting on account of chronic disabilities. Assortments of feeding tubes are utilized as a part of medical practice. They are normally made of silicone or polyurethane. There are many conditions that may require eternal feeding. The more typical conditions that require nourishing tubes incorporate neurologic and neuromuscular disorders, inability to swallow, neurologic and neuromuscular clutters, malnutrition, anatomical and post-surgical abnormalities of the mouth and throat, cancer, digestive disorders, and Sanfilippo syndrome.
The increasing global aged population and rising predominance of chronic sicknesses, for example, extreme pancreatitis, diabetes, and other gastrointestinal ailments and growing frequencies of preterm births are some aspects that are foreseen to boost market growth throughout the upcoming years. Additionally, the growing pervasiveness of patients with diabetes mellitus requiring enteral feeding is anticipated to positively affect the market. Unmet medical needs in emerging markets, for example, China, India and Brazil and the introduction of new products empowered with mechanical advancements are anticipated to serve this market as future growth opportunities.
On the basis of product the global Enteral Feeding Devices market is segmented into Percutaneous Endoscopic Gastronomy Device, Low Profile Gastrotomy Device, Giving Sets, Enteral Feeding Pump, Gastrotomy Tube and Nasogastric Tube. The major players in the market are CONMED Corporation, Kimberly Clark Hygiene Products Pvt Ltd, Boston Scientific, Amsino International Inc and Cook Medical and Moog Inc. Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the world.
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Key findings of the Enteral Feeding Devices market
- North America took after Europe on the basis of revenue in 2013 at more than 30.0 percent. High levels of patient awareness, advanced healthcare foundation and high healthcare spending are a portion of the elements anticipated that would serve this market as drivers.
- The existence of high pervasiveness of diabetes mellitus and other constant disorders influencing the gastrointestinal system and an expansive base of aged populace in Europe credits to its substantial share of the overall industry.
- Asia Pacific enteral feeding devices market is anticipated to display the most astounding development in the upcoming years due to factors like the existence of high unmet therapeutic requirement, continually enhancing healthcare infrastructure and high awareness levels of patient in nations, for example, India and China.
- The demand for percutaneous endoscopic gastrostomy devices and nasogastric tubes is anticipated to grow at a significant pace in the upcoming years.