Enteral Feeding Devices Market is Estimated to Attain $3.58 Billion by 2025

As per the report by Grand View Research, Inc., the Enteral Feeding Devices Market was valued at USD 2.41 billion in 2018 and is estimated to observe a CAGR of 5.8% throughout the forecast period (2019-2025). Increase in occurrence of chronic diseases, such as stroke, dementia, cancer, diabetes, Chronic Obstructive Pulmonary Disease (COPD), multiple sclerosis, and chronic liver disease is anticipated to propel the demand for these products.

Rising aged population, increasing demand in the home care segment, rising incidence of preterm births, and the shift from parenteral to enteral food are the foremost factors propelling the growth of enteral feeding devices in the forecast period. As per Cancer Research U.K., around 17 million new cases of cancer were recorded in 2018 across the globe. Cancer occurrence was anticipated to surge by 62% between 2018 and 2040. The surge in number of cancer cases will lead to increased use of enteral feeding devices thus fueling the demand.

On the other hand, strict government regulations and difficulties associated with enteral feeding devices such as vomiting, nausea, malabsorption, diarrhea, tube clogging, tube malposition, and other may affect the use of this device, thus hindering the market growth.

There are new innovative devices coming up in the market that help overcome these challenges. For instance, Fidmi Medical’s low-profile enteral feeding device removes the need for frequent tube maintenance and replacements of tube patency throughout treatment, thereby decreasing the malfunction risks, reducing hospitalization costs, and allowing satisfactory recovery of patient.

In 2017, Nestle Health Science introduced three new sip feed products under its product line for both children and adult population. The new formula comprises a variety of constituents including proteins, real food, minerals, and vitamins and other ingredients. The product can be given to children and adults through these devices thereby fulfilling the need of daily intake of suggested nutrients.

North America holds the largest share in the global arena over the forecast period due to the growing burden of chronic diseases such as cancer, diabetes, and other neurological conditions. The treatment mostly consists of use of these feeding devices thereby propel their demand in the region.

Leading players operating in the enteral feeding devices market include Abbott Nutrition; CONMED Corporation; Kimberly Clark; Boston Scientific Corporation; Amsino International Inc.; Cook Medical; Danone Medical Nutrition; and Moog Inc.

Access Press Release @ https://www.grandviewresearch.com/press-release/global-enteral-feeding-devices-market

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog:  https://healthcareforecastreport.blogspot.com/