Enteral Feeding Devices Market Size By Product (Giving Set, Enteral Feeding Pump, Percutaneous Endoscopic Gastrostomy Devices, Low Profile Gastrostomy Device, Nasogastric Tube, Gastrostomy Tube), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, China, India, Japan, Mexico, Brazil, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Published Date: August 2016 | 84 Pages | Report ID: GMI745 Report Format: PDF

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Industry Trends

Enteral Feeding Devices Market size was USD 2.08 billion in 2015, with 6.1% CAGR estimation from 2016 to 2024.

U.S. Enteral Feeding Devices Market size, by Product, 2012- 2024 (USD Mn)
U.S. Enteral Feeding Devices Market size, by Product, 2012- 2024 (USD Mn)

Rising global geriatric population pool, strong chronic disease prevalence estimates, introduction of technologically innovative products and rising need for neonatal and pre-term enteral feeding should attribute to the growth of global enteral feeding devices market.

The tremendous rise in the rate of smoking and sedentary lifestyle has led to an increase in the incidence of chronic illnesses such as cancer and diabetes driving the industry growth. Additionally, growing patient awareness, declining cost of treatment and growing market penetration rates of advance diagnosis tests have enabled early stage diseases diagnosis which will boost industry demand for feeding devices. Furthermore, the estimated rise in prevalence in future indicates lucrative growth of business in coming years.

As per WHO, the global geriatric population base is expected to rise to 16% in 2050 from 7% for 2000. Since aging is considered to be one of the major risk factors for developing chronic diseases such as Parkinsons’ disease and other nervous disorders, the rise in aging population should result in an increasing prevalence of chronic illnesses. The Asian countries have a growing geriatric population base contributed largely by countries of India, China, and Japan, which will drive industry growth.

The growing adoption of technologically innovative devices in the market has led to increased penetration rate of enteral feeding pumps such as patrol enteral pump, companion enteral nutrition pumps, and flexiflo quantum enteral pump. Additional introduction of technologically advanced enteral feeding devices such as reserve ballon design and tri-funnel replacements G-tube and J-tube should also boost the enteral feeding devices market.

Enteral Feeding Devices Market, By Product

Global enteral feeding pumps market size predominantly drives industry sales, along with nasogastric tubes, and percutaneous endoscopic gastrostomy devices, with over 62% in overall revenue in 2015. Growing global geriatric population base and increasing incidences of preterm births coupled with rising demand for enteral feeding pump has contributed to the highest revenue generation of the segment.  

Enteral Feeding Devices Market, By Region

Europe enteral feeding devices market held 30.9% of global revenue share in 2015, with regional sales set to cross USD 1 billion by 2024. The largest revenue share should be attributed to the huge presence of geriatric population, highly-developed healthcare facilities, high patient awareness levels. Moreover, rising healthcare expenditure and high R&D efforts towards feeding devices for discovery and development will boost business growth during the forecast timeframe.

APAC, with China and India enteral feeding devices market size leading the way, is slated to witness highest growth estimate of 6.8%, thus becoming the most lucrative business opportunity.

Competitive Market Share

Global enteral feeding devices market share shows presence of very few large players taking up more than 70% of global revenue in 2015, making it oligopolistic. Key industry players are seen to be competing on the basis of pricing strategies, product differentiation, and introduction of technologically innovative products in order to sustain market position.

The major players operating in the market include Abbott Nutrition, Danone, Nestle and Fresenius-Kabi, among others.

Enteral Feeding Devices Industry Background

Enteral feeding devices industry may face certain restraints in regards to complications associated with small-bore connectors. However, U.S. FDA, the ISO and the Association for the Advancement of Medical Instrumentation are working on a series of standards, so that urinary / urethral, dialysis, intaravenous and other tubing systems cannot be accidentally connected to each other. The industry is witnessing a favorable political scenario driven by government reforms. For instance, the 12th Five Year Plan in China for promoting healthcare facilities, and adoption of ‘FEED ME’ in a surgical trauma ICU in U.S. which provides provincial subsidies on these devices.

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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