In Depth Analysis on Enteral Feeding Devices Market 2018-2024

Sellbyville, DE -- (SBWire) -- 11/19/2018 --Global Enteral Feeding Devices Market was valued at USD 2.3 billion in 2017 and is expected to witness 6.1% CAGR from 2018 to 2024.

Enteral feeding devices market should witness growth in forthcoming years due to rising prevalence of chronic infections and diseases especially in Europe and also in developing countries such as India. Chronic diseases such as cancer and diabetes are one of the leading causes of mortality in Europe, more than 60% of the people in age group of 60 and above have at least one chronic condition. For instance, as reported by WHO, around 60 million people in the European region are suffering from diabetes that will positively impact on enteral feeding devices industry growth.

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Enteral feeding devices market will be hampered due to complications associated with small bore connectors. For instance, an enteral feeding system may get connected to tracheostomy tube and such errors may result in patient injury and death restraining industry growth in the near future.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Baxter International Inc.
2. CONMED Corporation
3. Danone
4. Boston Scientific
5. Fresenius Kabi
6. Cardinal Health
7. Cook Medical
8. Abbott Nutrition Health Institute (ANHI)
9. Halyard Health
10. Amsino International Inc.
11. BKK B. Braun Melsungen AG

Percutaneous endoscopic gastrostomy device segment will grow at 6.5% over the forecast timeframe and segmental growth can be attributed to the rising adoption of percutaneous endoscopic gastrostomy devices by geriatric population suffering from chronic diseases requiring long term enteral nutrition thereby will drive segmental growth over the forecast timeframe.

Hospitals segment was valued at USD 1.5 billion in 2017 and is expected to grow over the estimated timeframe as a result of growing patient population suffering from chronic conditions such as cancer along with increasing number of baby boomers. Elderly people generally suffer from digestive and ingestion problem hence essential nutrients are supplied through enteral route in such cases, influencing the segmental growth positively over the forecast timeframe.

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U.S. enteral feeding devices market should grow at 5.8% over the forecast timeframe and the high growth can be attributed to increase in per capita income of the country. In addition to the aforementioned factors, growing aging population, increasing prevalence of diseases such as cancer, cardiovascular, diabetes, dementia should foster business growth. Augmented number of premature births in the U.S. will fuel enteral feeding devices industry growth.

Enteral Feeding Devices Market, By Product (USD million)
o Giving set
o Enteral feeding pump
o Percutaneous endoscopic gastrostomy device
o Low Profile gastrostomy device
o Nasogastric tube
o Gastrostomy tube

Enteral Feeding Devices Market, By End-use (USD million)
o Hospitals
o Homecare