Nutrition plays the most important role in maintaining a good health condition along preventing and managing various diseases. People who cannot get the sufficient nourishment in their body by eating or drinking need to go for Nutritional Support Therapy. In this therapy, enteral tube feeding is the appropriate way for delivering of the nutrients directly into digestive tract through the tube. The enteral tube is normally placed into duodenum, jejunum or stomach via mouth, nose or direct percutaneous route. Enteral Feeding Devices is used to feed the patients who could not obtain sufficient oral intake via food or drink safely. In fact, the Enteral feeding is normally used for the patients having dysphagia, impairment of eating, swallowing and drinking. According to the latest report, Enteral Feeding Devices Market worth $2.29 billion in 2018 and estimated to be growing at a CAGR of 4.97%, to reach $2.92 billion by 2023.
Enteral Feeding Devices Market:
The Enteral feeding devices act as the most essential aspect to the people who are suffering from the medical ailments that include swallowing disorders, neurological disorders, cancer and more. The rise in average age of the population has increased globally so that it would result in the increased use of Enteral feeding devices. With more innovative technology and methods have been developed, the Existing enteral feeding device manufacturers like to improve the safety of the patient. In 2016, the Enteral Feeding Devices Market worth will be $2.92 billion estimated. With the use of the unique connection systems and they would decrease difficulties associated with using the enteral feeding devices. The growth of the Global Enteral Feeding Devices Market is driven into many numbers of factors with the
- Increase in number of pre-term births
- Increase in prevalence of the chronic diseases
- The rise in geriatric population
Technological advancements play the most important role in manufacturing the device with the extensive Enteral Feeding Devices Market Size globally. In fact, the market has been geographically segmented based on the many countries that include North America, Asia-Pacific, Europe, as well as Rest of the World. The advanced healthcare systems along with the Enteral Feeding Devices Market Trends also become the patient-friendly aspects so that it would be suitable for the integrated safety attributes accordingly. In the Asia-Pacific as well as Latin America regions, it is quite projected based on the highest growth along with owing the overall development of the healthcare industry. However, the lack of Public awareness also brings the difficulties with the use of Enteral Feeding Devices. Reimbursement issues present in developing countries also acts as the main factor of the hindering growth of the market.
Global Enteral Feeding Devices market is segmented based on the Product Type so that there is any number of different applications enabled in a high-end way. The Enteral Feeding Devices Market Size Worth segmented into Enteral Feeding Tubes, Enteral Syringes, Enteral Feeding Pumps, Giving Sets, Administration Reservoirs and much more in an absolute way. In fact, the Enteral Feeding Tubes have been further sub-segmented based on the
- Nasoenteric Feeding Tubes
- Enterostomy Tubes
- Oroenteric Feeding Tubes
Competitive Market Share:
The Global enteral feeding market size share shows the wide presence of the few large players has been taking up the 70% of global revenue making it oligopolistic. The Key industry players saw competing based on the pricing strategies, the introduction of technologically and product differentiation to sustain the market position. Global Enteral Feeding Device market Size faces certain restraints regarding the complications associated in the small-bore connectors along with other products. This industry is also witnessing favourable political scenario that has been driven by the government reforms.
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