Higher Prevalence of Chronic Diseases
The prevalence of chronic diseases is rapidly increasing and affecting more than 14 million people around the world. Among all the chronic diseases, cancer is becoming a major concern for the healthcare sector. Diabetes is another major life-threatening disease, affecting 400 million people across the globe. Due to these large figures, the demand for enteral feeding devices is increasing. The other factors driving the enteral feeding devices market are increasing geriatric population, growing adoption of enteral nutrition, particularly in home settings, and higher immature births.
Complications Associated With the Enteral Feeding Tubes
A fraction of the patients with enteral feeding support faces many complications, such as maceration, owing to leakage of gastric contents around the feeding tube. The size and rigidity of a nasoenteric feeding tube can result in irritation or inflammation along its path, and at times, can cause gastroesophageal reflux. The fine bore tubes can sometimes coil-up in the oropharynx or go off course into the trachea, during insertion. This is witnessed more often in unconscious patients. Additional complications due to the usage of artificial nutrition are electrolytic abnormalities, problems with metabolism, among others. All these factors are limiting the practice of using enteral feeding in various areas, globally. Other factors which are also hindering the growth of the market include low reimbursements in developing countries, low-cost competition from small players, and inadvertent dislodgment of tubes (leading to accidental disabilities and deaths).
Market Segmentation Insights for the Enteral Feeding Devices Market
Under the Product segment, the Pumps are the leading category of products with an estimated global market value of 1135 million USD in 2017. Pumps command more than 50% of market share in products’ category. The largest market share of enteral pumps is attributable to the growing popularity and acceptability of enteral pump is due to its accuracy, safety, and consistency. Compared to other devices required for enteral feeding, the feeding pumps are produced in much fewer numbers as they have a longer life and relatively large replacement rates. This happens to be the prime reason for the huge difference in market values of pumps and other devices. Although they are produced and used in less numbers, their price is among the highest in feeding devices; they occupy more than 50% of the market share.
North America Dominates the Market
Geographically, North America has accounted for the largest market share of the enteral feeding devices in 2017, followed by Europe. This regional segment shows significant market growth opportunities, owing to the high adoption of enteral feeding devices, increasing prevalence of chronic diseases, and presence of many large hospitals. Also, the use of small-bore connectors for connecting the feeding tubes to prevent life-threatening conditions is increasing in the United States, which is also another reason for the growth in enteral feeding devices market in North America.
Key Developments in the Market
- May 2017- Halyard Health adds new drainage system to a comprehensive portfolio of enteral feeding products
Reasons to Purchase the Report
- Current and future of enteral feeding devices market outlook in the developed and emerging markets
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- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
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1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porters Five Force Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry Within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Increasing Population of Geriatrics
6.1.2 Higher Immature Births
6.1.3 Growing Adoption of Enteral Nutrition
6.1.4 Higher Prevalence of Chronic Diseases
6.2 Market Restraints
6.2.1 Complications Associated with Enteral Feeding Tubes
6.2.2 Lower Healthcare Reimbursement in Developing Countries
6.2.3 Low Cost Competition from Small Players
6.2.4 Inadvertent Dislodgment of Tubes
6.4 Key Challenges
7. Market Segmentation
7.1 By Product Type
7.1.1 Enteral Feeding Pumps
7.1.2 Enteral Feeding Tubes
7.2 By Age Group
7.3 By End-user
7.3.2 Ambulatory Care Services
7.4 By Application
7.4.4 Neurological Disorders
7.5 By Geography
7.5.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Australia & New Zealand
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
7.5.4 Middle East & Africa
188.8.131.52 South Africa
184.108.40.206 Rest of the Middle East & Africa
7.5.5 South America
220.127.116.11 Rest of South America
8. Competitive Landscape
8.1 Mergers and Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Major Players
9.2 B. Braun Melsungen AG
9.3 Boston Scientific Corporation
9.4 C. R. Bard Inc.
9.5 Conmed Corporation
9.6 Cook Medical Inc.
9.7 Fresenius SE & Co. KGaA
9.8 Halyard Health, Inc.
9.10 Moog Inc.
9.11 Nestle S.A.
*List Not Exhaustive
10. Future Market Outlook