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Enteral Feeding Devices Market Overview
The enteral feeding devices market is expected to witness robust progress in the near future, on account of the advancements in technology, increasing healthcare expenditure, number of preterm births, chronic disease prevalence, population of the elderly, and awareness on this technique, shift to enteral feeding from parenteral feeding, and improvements in the healthcare infrastructure, primarily in emerging economies.
Enteral feeding pumps, giving sets, administration reservoirs, enteral syringes, and eternal feeding tubes are the various products available in the enteral feeding devices market. Among these, enteral feeding pumps have historically held the largest share. During the forecast period, giving sets and administration reservoirs are predicted to progress significantly, owing to the rapid adoption of this method of giving people the essential nutrients, as it is more cost-effective than others. Further, low-profile gastrostomy tubes, nasoenteric tubes, oroentric tubes, and enterostomy tubes are the numerous kinds of feeding tubes.
Enteral feeding is generally given for diabetes, hypermetabolism, oncology, neurology, and gastroenterology purposes. Among these, the oncology application held the largest enteral feeding devices market share in the historical period. This was due to the high prevalence various kinds of cancers, especially of the head and neck, gastrointestinal tract, lung, and liver. Such diseases often render patients unable to eat, thereby requiring alternative methods for retrieving the essential nutrients.
Ambulatory care, hospitals, and several other end users exist in the industry. During the historical period, hospitals were the largest end users in the enteral feeding devices market. This is ascribed to the adoption of technologically improved devices and a rapid shift in the preference for this feeding technique from the parenteral method.
Geographically, the industry would be dominated by North America during the forecast period, and it will be followed by Europe. The former continent witnesses a wide usage of such equipment by the elderly and accounts for rising incidence of chronic diseases, existence of a number of large healthcare centers and market players, launch of improved products, and growing preference for enteral feeding. During the forecast period, Asia-Pacific (APAC) would observe the highest enteral feeding devices market CAGR, on account of the escalating healthcare spending, large patient pool, rising cases of premature births, and growing chronic disease prevalence.
Enteral Feeding Devices Market Dynamics
Among the most important drivers for the enteral feeding devices market growth is the rapid shift from parenteral feeding to enteral feeding. The reason behind this is that the latter method is more natural, physiologically, and it also carries a lesser chance of complications. Further, it helps maintain pancreatic and small intestinal functions, has shorten recovery and healing period, reduces the destruction and wastage of muscles, and decreases the risk of infection and contamination. Additionally, enteral nutrition costs around 40% less than the parenteral approach, which further makes the former popular.
Another of the key enteral feeding devices market drivers is the technological advancements in such equipment. For instance, the portable and compact feeding pumps being developed nowadays are made of materials that do not crack under high physical stress. Options to program the flushing interval, multiple languages, occlusion pressure alarms, feed rate history, and options to lock the screen and input buttons to prevent misuse are the various features of advanced feeding pumps.
Lucrative opportunities for the progress of the enteral feeding devices market are expected to be provided by APAC. The rising incidence of chronic and infectious diseases, surging research and development (R&D) activities, rapid development of healthcare infrastructure, escalating healthcare spending, and low cost of product manufacturing would be responsible for this. For instance, 1.73 million cancer cases would be diagnosed in India by 2020, compared to 1.16 million in 2018, as per the Indian Council of Medical Research (ICMI).
Further, China, India, Indonesia, and Pakistan make up for a large proportion of the premature births in South Asia and Africa; as per the World Health Organization in 2018, these regions account for almost 60% of all such global cases. With the increasing awareness in these nations on the advantages and importance of enteral feeding, primarily for prematurely born children, and enhancements in the healthcare infrastructure, advanced technologies are being adopted, thereby leading to a strong potential for the enteral feeding devices market prosperity.
Enteral Feeding Devices Market Competitive Landscape
Boston Scientific Corporation, Abbott Laboratories, B. Braun Melsungen AG, Cook Medical Inc., Halyard Health Inc., Fresenius SE & Co. KGAA, Moog Inc., Covidien PLC, Vygon Group, C.R. Bard Inc., and ConMed Corporation are some of the major companies operating in the industry. A number of these are involved in mergers and acquisitions to widen their product portfolio and also eliminate the competition as much as possible. For instance, C. R. Bard Inc. was acquired by Becton, Dickinson and Company, a major player in the enteral feeding devices market, in December 2017, to improve its position in the infection prevention and medication management industries and also offer better enteral feeding devices.