Enteral Feeding Devices Market to Register Substantial Expansion by 2024

The enteral feeding devices market is projected to reach USD 4.1 billion by 2024 from USD 2.9 billion in 2019, at a CAGR of 6.7%. Growth in this market is driven by the rising healthcare costs, surge in the number of preterm births, growth in the aging population, rising prevalence of chronic diseases, growing awareness of enteral nutrition, and improvements in healthcare facilities in emerging countries.

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Enteral nutrition is more physiological, with fewer complications as compared to parenteral nutrition. The major advantage of enteral nutrition is the maintenance of the GI mucosal barrier, stimulating intestinal blood flow. Enteral administration also helps in maintaining small intestine mass and pancreatic functions, improves healing & recovery, reduces muscle catabolism, and lowers the risk of infection and contamination. According to an article published in the German Medical Science journal, major septic complications affect only 3% of patients on enteral nutrition as compared to over 20% of those on parenteral nutrition.

Recent Developments in Enteral Feeding Devices Market:

1. In June 2018, Fresenius Kabi invested USD 11 million (EUR 9 million) to expand its production facility in the UK with a new distribution and operations center, scheduled to open in 2019.

2. In December 2018, Nestlé Health Science opened the new Nestlé Product Technology Center in New Jersey with an investment of USD 70 million.

3. In April 2018, B. Braun opened five new production plants and administrative buildings in Penang, Malaysia.

4. In May 2017, Avanos Medical Inc. (US) launched the Halyard Enteral Drainage System, a closed system for the drainage and collection of gastrointestinal tract contents from patients using an enteral device.

Premium Insights of Enteral Feeding Devices Market:

Enteral Feeding Devices Market Overview
2. Asia Pacific: Market, By Type
3. Geographic Growth Opportunities
4. Market, By Region (2017–2024)
5. Developed Vs. Developing Markets

Global Enteral Feeding Devices Market Drivers:

Shift From Parenteral to Enteral Nutrition
2. Increasing Incidence of Preterm Births
3. Growing Demand for Enteral Feeding in the Home Care Sector
4. Increasing Prevalence of Chronic Diseases

Enteral Feeding Devices Market Restraints:

1. Complications Associated With Enteral Feeding Devices

Enteral Feeding Devices Market Opportunities:

1. High Growth Opportunities in Emerging Countries

Market Challenges:

1. Insufficient Reimbursement for Enteral Nutrition
2. Dearth of Skilled Professionals

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Critical Questions Answered in Research Report:

1. How will current technological trends affect the market in the long term?

2. What are the current growth trends in the market for pediatrics?

3. What are the application areas of the market?

4. Which regions are likely to grow at the highest CAGR?

5. What are the growth strategies being implemented by major market players?

Key Players of Enteral Feeding Devices Market:

The prominent players in this 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).