According to new market research titled ‘Enteral Feeding Devices Market to 2027 – Global Analysis and Forecasts by Product, Material, Age Group, Application, and End User.’ The global enteral feeding devices market is expected to reach US$ 4,034.42 Mn in 2027 from US$ 2,359.06 Mn in 2018. The market is projected to grow with a CAGR of 6.2% from 2019-2027. The report provides trends prevailing in the global enteral feeding devices market and the factors driving the market and also the factors that act as hindrances.
Over the past few decades, Research and development (R&D) in pre and post nutrition for various treatments is growing across the globe due to the increasing prevalence of chronic diseases. Enteral or tube feeding include an exceptional liquid mixture food that’s broken down in the stomach and small intestine and further absorbed by the bowels.
These mixtures comprise appropriate amounts of carbohydrates, proteins, amino acids, vitamins, fats, minerals, and other vital nutrients. The increasing prevalence of chronic diseases is likely to increase the prescribed consumption of enteral nutrition across the globe.
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The physicians adopt enteral feeding procedure in case of indications such as swallowing disorders, stroke or head injury, head and neck cancer, GI malabsorption, and others. During various indications such as cancer, neurological disorders, gastrointestinal diseases, and other indications. For instance, according to the American Cancer Society in 2020, it is estimated to report about 333,680 new cases of cancer-related to the digestive system in the US as the enteral feeding products and services are applicable to administer nutrition to the patients. Thus, the increasing prevalence and incidences of chronic diseases pose several opportunities for the enteral feeding device market to grow during the forecast period.
The enteral feeding devices market majorly consists of players such as Cardinal Health Inc., Fresenius Kabi AG, Abbott, B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical LLC, Danone SA, Moog Inc., and Owens & Minor, Inc. among others. Inorganic growth strategies witnessed in the market were acquisitions, which have helped the companies to improve and strengthen their position and the customer base in the market. For instance, in July 2017, Cardinal Health acquired the patient recovery business of Medtronic, which comprises of services and products for patient care, deep vein thrombosis, and nutritional insufficiency.
The enteral feeding devices market is highly competitive, with a considerable number of players operating in the market. Most of the companies operating in the enteral feeding devices market are present across the globe and have wide distribution and sales networks through partnerships or authorized dealers.
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