Enteral Feeding Devices Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Product (Enteral feeding pumps, Enteral feeding tubes, giving sets, Enteral syringes, consumables and others); Age Group (Adults and Pediatrics); Application (oncology, gastroenterology, neurology, diabetes, hyper metabolism and others); End User (Hospitals, Ambulatory Surgery Centers & Home Care and Others); Region/Country
Enteral Feeding Devices Market is expected to grow at a CAGR of around 6.5% over the forecast period (2021-2027). The Enteral Feeding Devices market is primarily driven by factors such as increasing incidence of preterm births, the growing prevalence of chronic diseases, the increasing geriatric population across the world, the increasing shift from parenteral to enteral nutrition.
Generally, enteral feeding is a process of nutritional therapy. This therapy is considered the best for the adults and pediatrics age group. In the enteral feeding process, the gastrointestinal tract (GIT) gets the direct supply of nutrients. This therapy has been developed specifically with an aim to fulfill that patient’s demands those who cannot swallow food by themselves or who are not receiving proper nourishment by drinking or eating foods.
Some of the major players operating in the market include Avanos Medical, Inc., Cardinal Health, Inc., B. Braun Melsungen AG, Hollister Incorporated, Becton, Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Medline Industries, Inc., Koninklijke Philips N.V., Baxter, etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Insights Presented in the Report
“Amongst Product, Enteral Feeding Pumps segment dominated the market in 2020”
Based on the Product Segment, the global Enteral Feeding Devices Market is classified into enteral feeding pumps, enteral feeding tubes, giving sets, enteral syringes, consumables and others. Enteral feeding pumps are valuable treatment modalities for the management of acute and chronic illness. These pumps provide required nutrition support therapy for patients suffering from functional GI track. Feeding pumps administer the nutritional value to a patient.
“Amongst Age Group, Adults segment dominated the market in 2020.”
Based on Age Group, the Enteral Feeding Devices market is segmented into adults and pediatrics. The adult segment contributed the maximum market to the Enteral Feeding Devices market owing to high prevalence of chronic diseases among the adult population. The pediatric segment of global enteral feeding devices market is attributed to high prevalence of preterm births across the globe.
“Amongst Application, Oncology holds significant market share in 2020.”
Based on Application type, the Enteral Feeding Devices market is segmented into oncology, gastroenterology, neurology, diabetes, hyper metabolism and others. Oncology holds the highest share in the Enteral Feeding Devices market. Enteral feeding devices, such as gastrostomy buttons, also known as low-profile gastrostomy devices, have been steadily gaining popularity among G-tube users. They are ideal for children and active adult patients as the buttons lie flush to the patient’s skin rather than extending as a tube off of the body.
“Amongst End User, Hospitals holds significant market share in 2020.”
Based on End User, the Enteral Feeding Devices market is segmented into hospitals, Ambulatory Surgery Centers, Homecare and others. Hospitals holds the highest share in the Enteral Feeding Devices market. The utilization rate of enteral feeding devices in hospitals is high owing 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 are supporting the growth of the hospitals segment.
“North America represents as the largest market.”
For a better understanding of the market adoption of Enteral Feeding Devices, the market is analyzed for the countries such as North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia- Pacific), & Rest of World. North America dominated the market in 2020. The increasing prevalence of chronic diseases, the presence of many well-equipped hospitals, the gradual shift from parenteral to enteral nutrition, and the development of innovative Products, etc. all contribute to the North American region’s big proportion. The United States is also home to the great majority of worldwide players, making it a hotbed of innovation in the Enteral Feeding Devices business.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional & country-level analysis of the industry
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|1.1. Market Definitions|
|1.3. Stake Holders|
|1.4. Currency used in Report|
|2.1. Research Process of the Enteral Feeding Device Market|
|2.2. Research Methodology of the Enteral Feeding Device Market|
|2.3. Forecasting Method|
|2.4. Respondent Profile|
|2.5. Main Objective of the Enteral Feeding Device Market Study|
|5. ENTERAL FEEDING DEVICE MARKET COVID-19 IMPACT|
|6. ENTERAL FEEDING DEVICE MARKET REVENUE, 2019-2027F|
|7.1. Enteral Feeding Pumps|
|7.2. Enteral Feeding Tubes|
|7.3. Giving Sets|
|7.4. Enteral Syringes|
|9.5. Hyper metabolism|
|10.2. Ambulatory Surgery Centers|
|10.3. Home Care & Others|
|11.1. NORTH AMERICA ENTERAL FEEDING DEVICE MARKET|
|11.1.1. United States|
|11.1.3. Rest of North America|
|11.2. EUROPE ENTERAL FEEDING DEVICE MARKET|
|11.2.3. United Kingdom|
|11.2.5. Rest of Europe|
|11.3. ASIA-PACIFIC ENTERAL FEEDING DEVICE MARKET|
|11.3.5. Rest of Asia Pacific|
|11.4. REST OF WORLD ENTERAL FEEDING DEVICE MARKET|
|12.1. Market Drivers|
|12.2. Market Challenges|
|12.3. Impact Analysis|
|13. ENTERAL FEEDING DEVICE MARKET OPPORTUNITIES|
|14. ENTERAL FEEDING DEVICE MARKET TRENDS|
|15. ENTERAL FEEDING DEVICE MARKET VALUE CHAIN|
|16. CARBONATED SOFT DRINK PRODUCTS REGULATIONS|
|17. DEMAND & SUPPLY ANALYSIS|
|18. COMPETITIVE SCENARIO|
|19.1. Avanos Medical, Inc.|
|19.2. Cardinal Health, Inc.|
|19.3. B. Braun Melsungen AG|
|19.4. Hollister Incorporated|
|19.5. Becton, Dickinson and Company|
|19.6. Boston Scientific Corporation|
|19.7. CONMED Corporation|
|19.8. Medline Industries, Inc.|
|19.9. Koninklijke Philips N.V.|
Analyzing the historical market, estimation of the current market, and forecasting the future of the Enteral Feeding Devices Market were the three major steps undertaken to create and analyze the adoption of Enteral Feeding Devices across various regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below.
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Enteral Feeding Devices through company internal sources such as annual report & financial statements, investor presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Enteral Feeding Devices, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by product type, age group, application, and by end-user. Further regional & country-level analyses were conducted to evaluate the overall adoption of the Enteral Feeding Devices Market in the global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing demand from home care sector, prevalence of chronic diseases, incidence of preterm birth, and growing geriatric population are driving the growth, etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$)
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Enteral Feeding Devices Market in terms of products & services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Enteral Feeding Devices Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, age group, application, and end-users for the major country/region globally.
The main objective of the Enteral Feeding Devices Market Study
The current & future market trends of Enteral Feeding Devices were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Enteral Feeding Devices in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include of product type, age group, application and End users
- Analyze the current and forecast market size of the Enteral Feeding Devices for the major regions & countries
- Major regions studied in the report include North America (United States, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia Pacific (China, Japan, India, Australia, Rest of Asia- Pacific), and Rest of World
- Company profiles of the Enteral Feeding Devices Market players and the growth strategies adopted by them to sustain in the fast-growing market
Deep dive regional & country level analysis of the industry