Enteral Feeding Devices Market Scrutinized in New Research
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.
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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The global enteral feeding devices market, based on the product, was segmented enteral feeding tubes, enteral feeding pumps, administration sets, enteral syringes, and consumables. In 2018, the enteral feeding pumps segment accounted for the largest market share in the global enteral feeding devices market by product. Enteral feeding pumps play vital role for enteral nutrition by regulating the amount of nutrition to be given to the patients, hence the segment is anticipated to grow at a significant rate during the forecast period.
Major factors boosting the growth of market include growing demand for enteral feeding in-home care settings and a rising number of patients suffering from chronic diseases. However, complications associated with the use of enteral feeding devices is hampering growth of the market to a certain extent.
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The most notable market participants in the enteral feeding devices market include Abbott, B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical LLC, Danone SA, Moog Inc., and Owens & Minor, Inc., among others. These players hold a considerable share in the enteral feeding devices market owing to their product offerings.
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