The “Enteral Feeding Devices Market by Product, Age Group, Application, End User – Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
The feeding devices market is expected to reach $4.72 billion by 2029 at a CAGR of 6.5% during the forecast period, 2022-2029.
Based on extensive primary and secondary research and an in-depth analysis of the market scenario, the report provides insights into key drivers, restraints, challenges, and opportunities in the enteral feeding devices market.
The growth of the feeding devices market is mainly attributed to the rising need for enteral feeding devices due to the rapidly growing aging population and the associated increase in the prevalence of chronic diseases.
The shift from parenteral nutrition to enteral nutrition, technological advancements in feeding devices, and the growing demand for enteral feeding in home care settings.
In addition, the growing scope of nutrition in emerging countries is expected to create significant growth opportunities for the players operating in this market.
However, insufficient reimbursements for enteral nutrition hinder the growth of this market to a certain extent.
By product, the feeding pumps segment is slated to register the highest CAGR during the forecast period due to the advanced features, fewer complications, precision, safety, and feasibility of enteral feeding pumps.
By age group, the adults segment is expected to account for the largest share of the feeding devices market in 2022.
The segment’s large share is attributed to the rising incidence of age-related conditions, such as diabetes, cancer, dementia, and gastrointestinal disorders, and the availability of general principles that minimize complications in providing enteral nutrition to adults.
By application, the oncology segment is expected to account for the largest share of the feeding devices market in 2022. The large share of this segment is attributed to the continuously rising number of patients undergoing cancer treatments and later requiring artificial nutrition.
An in-depth geographic analysis of the feeding devices market provides detailed qualitative and quantitative insights about the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region.
North America is expected to account for the largest share of the enteral feeding devices market in 2022, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The key players operating in the enteral feeding devices market are Becton, Dickinson and Company (U.S.), Cardinal Health, Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), Avanos Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), CONMED Corporation (U.S.), B. Braun Melsungen AG (Germany), Moog Inc. (U.S.), Amsino International Inc. (U.S.), Cook Medical LLC (U.S.), and Applied Medical Technology, Inc. (U.S.).
This article was shared with Prittle Prattle News as a Press Release.
