Enteral Feeding Tube Market (By Product Type: Gastrostomy Tube, Nasoenteric Tube, Others; By Application: Oncology, Gastroenterology, Neurology, Diabetes, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
The global enteral feeding tubes market is anticipated to grow at a CAGR of around 7.1% during the forecast period 2020 to 2027 and to reach around US$ 3.8 Bn by 2027.
Market Dynamics
Gradual increase in number of patients suffering from chronic diseases, rising geriatric population suffering from various physiological problems and increasing consumer approach towards home care in order to provide better care are factors expected to drive the growth of global market. There is rise in patients suffering from neurological disorders and consumer approach towards home care setting is increasing in order to provide better care to the patients. Enteral feeding devices are widely used to feed the medication and nutrition to the patients. In addition, rapid technological advancements by major players in order to provide innovative solutions in order to attract new customers are factors expected to support the growth of target market.
Major player’s approach towards business expansion through strategic acquisitions and focus on enhancing the customer base are among other factors expected to impact the growth of target market.
In 2020, Otsuka Pharmaceutical is a healthcare company launched ENORAS Liquid for Enteral use, coffee flavor and strawberry flavor. This product launch is expected to help the company to enhance the business.
In 2019, Fresenius Kabi a global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition expanded its plant capacity located at Aquiraz, Brazil. The company is focused on catering the ongoing demand of customers and invested US$ 22.4 Mn and increased the production capacity by 30%. This is expected to help the company to enhance the business profit ratio.
In 2018, the company invested US$ 11Mn for the expansion of its production facility in the UK. The company is focused in enhancing the business presence and has undertaken the construction of new distribution and operations center. This is expected to help the company to cater the ongoing demand for home care market.
In 2017, Vygon a global medical device company launched easymoov6, a more intuitive enteral feeding pump. The pump supports the management of enteral feeding in both hospital and homecare and it is connected via a tube to a nutrient bag and equipped with a digital interface. This product launch is expected to help the company to enhance the business presence and increase the revenue share.
However, factors such as stringent government regulation related to product approval and lack of reimbursement scenario are expected to hamper the growth of global enteral feeding tubes market. In addition, lack of skilled professionals is expected to challenge the growth of target market.
High investment by major players and focus on establishment of new enterprises in emerging economies in order to strengthen the distribution channel and increase the customer reach are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, approach towards strategic partnership is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global market due to increasing number on patients suffering from neurological disorders. In addition, increasing incidences of pretem birth in the country is resulting in demand for enteral feeding tubes to provide nutrition to and medications this is expected to support the growth of target market.
Major players inclination towards strategic business growth through collaborative and joint development program this is expected to impact the growth of target market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
|
Market |
Global Enteral Feeding Tube Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Product Type, Application and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Enteral Feeding Tube Market Segment Analysis, 2019
The global enteral feeding tubes market is segmented into product type and application. The product type segment is bifurcated into gastrostomy tube, nasoenteric tube, and others. Among the product type the gastrostomy tube segment is expected to account for significant revenue share in the target market. The application segment is further divided into oncology, gastroenterology, neurology, diabetes, and others. The oncology segment is expected to witness faster growth in the target market.
The players profiled in the report are Abbott, Fresenius Kabi, Danone, Nestle, Halyard Health, Cook Medical, B. Braun, Boston Scientific, and Vygon.
Market Segmentation
Market By Product Type
Gastrostomy Tube
Nasoenteric Tube
Others
Market By Application
Oncology
Gastroenterology
Neurology
Diabetes
Others
Market By Region
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Frequently Asked Questions
Which is the major factor expected to drive the global enteral feeding tubes market?
Gradual increase in number of patients suffering from chronic diseases, malnutrition, coupled with demand from hospitals and clinics for enteral feeding tubes to provide medication and nutrition to the patients are major factors expected to drive the growth of global enteral feeding tubes market.
What will be the market size of global enteral feeding tube market in 2027?
The global enteral feeding tube market in 2027 is expected to be above US$ 3.8 Bn.
Which segment is growing in type segment?
In type segment the gastrostomy tube segment is growing at faster pace.
What is the CAGR of the global enteral feeding tube market?
The CAGR of the global enteral feeding tube market from 2020-2027 is above 7.1%.
Which region is expected to grow faster?
In the global market the Asia Pacific region is expected to grow faster.
What are the players considered in the report scope?
Some of the players considered in the report scope are Kabi, Danone, Nestle, and Halyard Health.
Which region is expected to account for major revenue share in the global market?
The Asia Pacific is expected to account for major revenue share in the global market.
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