According to a new report published by Allied Market Research, titled, “Enteral Feeding Devices Market by Product, Age Group, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019–2027,” the global enteral feeding devices market size was valued at $2.82 billion in 2019, and is projected to reach $4.42 billion in 2027, registering a CAGR of 5.5% from 2020 to 2027.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
The global enteral feeding devices market is highly competitive, and prominent players have adopted various strategies for garnering maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Fresenius SE & Co. KGaA, Boston Scientific Corporation, Danone, Cook Medical, Inc., Cardinal Health Inc., Becton, Dickinson and Company, Moog Inc., B. Braun Melsungen AG, Owens & Minor, Inc., and Nestlé S.A.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/704
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
- The enteral feeding pumps segment accounted for nearly 37.3% share of the global enteral feeding devices market in 2027.
- The adult segment is accounted for the largest share in 2019, which is $ 1,634.19 million, and is expected to grow at $ 2,480.53 million in 2027.
- The neurological disorder segment accounted for largest share around 36.4% share of the global enteral feeding devices market in 2019.
- North America accounted for around 32.48% share of the global market in 2019.
- LAMEA is expected to provide lucrative enteral feeding devices market growth opportunities and grows with the CAGR of 5.7% from 2020to 2027.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/704
The enteral feeding pumps segment accounted for the largest share in 2019 around 35.1%, and is expected to witness fastest growth rate during the forecast period with a CAGR of 6.3%, This is attributed to growing usage of the feeding pumps and lesser side effects as compared to other devices, and is expected to grow at the fastest rate during the forecast period.
The cancer segment is anticipated to record the highest growth at a CAGR of 6.0% during the forecast period, owing to increase in global cancer cases across the globe.
Further, head and neck cancers, cancers of the gastrointestinal system, lung cancer, and liver cancer, are expected to play a major role in the higher adoption of enteral feeding devices used to provide clinical nutrition to cancer patients.
By age group, the pediatric segment is expected to experience the highest growth in the global enteral feeding devices market with a CAGR of 6.0%. This is attributed to high prevalence of preterm births across the globe.
By end user, the hospital is accounted for the largest share in 2019, which was $1,726.16 million. The utilization rate of enteral feeding devices in hospitals is high owing to high availability of these products in hospitals and placement of tubes in hospitals with high success rate. In addition, shift from parenteral nutrition to enteral nutrition are supporting the growth of the hospitals segment. However, the home care segment is expected to grow at a CAGR of 6.1% during the forecast period.
𝗚𝗲𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/enteral-feeding-devices-market
Europe was the leading revenue contributor to the global enteral feeding devices market in 2019, and is expected to dominate the market during the forecast period. This is attributed to early approval of enteral feeding devices and high adoption of enteral feeding pumps in this region. However, Asia-Pacific is expected to grow at the highest CAGR of 6.2% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward safe enteral feedings products.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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