Global Enteral Feeding Devices Market Forecasts 2018-2023: Projected to Register a CAGR of 5.29% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 5, 2018--The “Global Enteral Feeding Devices Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.The global enteral feeding devices market is estimated to register a CAGR of 5.29% over the forecast period of 2017-2023.Increasing use of these devices to supply nutrients to critically and terminally ill patients and bed ridden patients is driving growth. Rising use of the enteral feeding tubes in homecare settings will also drive the market. The high uptake of these devices for treating undernourished or malnourished patients with impaired immunity, wound healing, and muscle strength in hospitals contribute to its high share.Rising incidences of the gastrointestinal disorders, neurological disorders and chronic diseases such as cancer will also augment the market during the forecast period. As per the data by WHO, an estimated of 9.6 million deaths in 2018 were caused by cancer, making it the second largest cause of death worldwide.Rising adoption of the enteral feeding tube as they cause less side effects and have less chances of infection when compared to the parenteral devices is also driving the market growth.Technological advancements in the development of the enteral feeding products including texture modifications, introduction of portable and affordable devices will also boost the market.Also, the rising number of geriatric population who are at the risk of chronic disease have also bolstered the market during the given forecast period.However, stringent regulations by various regulatory bodies across the globe and number of cases of accidental dislodgement and deaths might restrain the market.Geographically, North America holds the significant share owing to the high awareness level regarding the enteral feeding devices. Effective and favorable reimbursement policies pertaining to the enteral feeding devices have also augmented the growth of the market in the region.Asia Pacific will also show a robust growth during the given period owing to the improving healthcare infrastructure and high patient base due to high prevalence of the chronic disease and malnutrition.
Companies ProfiledBoston Scientific CorporationGBUK Enteral Ltd.Nestle Health ScienceQ Holding CompanyCardinal HealthVygon (UK) Ltd.AvanosRockfield Medical DevicesApplied Medical Technology Inc.Fresenius SE & Co. KGaA
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Related Topics:Medical Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 12/05/2018 04:28 AM/DISC: 12/05/2018 04:28 AM