Enteral Feeding Devices Market 2022-2030
New Study Reports “ Enteral Feeding Devices Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2030” has been Added on PMR.
Report Details:
The Enteral Feeding Devices Market is bound to grow on a gracious note in the next 10 years. The healthcare vertical is shifting to “value” from “production”. This shift concerning collaboration (in place of competition) is expected to set new benchmarks in the Enteral Feeding Devices Market. This fast-moving environment is expected to take the healthcare vertical by storm in the next decade.
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The growth of the enteral feeding devices market is expected to be largely driven by the expansion of home enteral nutrition, the advantages of enteral nutrition over parenteral nutrition, and the growing global aging population, which is more susceptible to chronic diseases. The development and adoption of innovative and patient-friendly enteral feeding devices is also expected to improve the market penetration and consumer preference for enteral feeding devices across all regions.
Key Players:
The report has profiled some of the important players prevalent in the global like – Abbott Nutrition, Cardinal Health, Inc., Fresenius Kabi, Halyard Health, Nestlé, and Nutricia. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Enteral Feeding Devices Market.
The US to Remain Prominent Market for Enteral Feeding Devices Manufacturers
High healthcare spending and a strong homecare support infrastructure are among the factors that are expected to continue to drive the market, specifically the enteral pump market, in the US. Increased emphasis on patient mobility and the rapid adoption of such means in the US is estimated to promote the growth of low-profile enteral feeding devices. However, factors hampering the growth of the enteral feeding devices market include stringent government regulations and reduction in the sales prices of several enteral feeding devices, even though the US already has the lowest average selling price among the seven major markets of enteral feeding devices in the world.
The development and adoption of innovative and patient-friendly enteral feeding devices is also expected to improve the market penetration and consumer preference for enteral feeding devices across all the regions. The growing global aging population and the trend toward homecare feeding are expected to be among the main factors propelling the enteral feeding devices market during the forecast period. Increase in the prevalence of chronic conditions, such as cancer and premature birth, are also expected to contribute to the increased usage of enteral feeding devices for nutrition.
However, lack of patient education and reimbursement limitations in certain countries are some of the factors that are likely to hamper the adoption of enteral feeding devices. Parenteral feeding devices, which administer nutrition to patients via IV, have been competitors of enteral feeding devices for a long period. Several studies and articles have been published, which compare these two forms of nutrition, however, most physicians prefer enteral nutrition over parenteral nutrition.
Reimbursement Scenario to Remain among Key Influencers
Another major barrier that is restraining the growth of the enteral feeding devices market is the need for companies in the market to invest high amounts for R&D. However, depending upon the segment, entry into the enteral feeding devices market generally requires less extensive technological capabilities as compared to what is being seen in other medical device areas. This is especially true for enteral feeding devices, such as nasogastric and replacement G-tubes, which are less technologically complicated and have a low R&D cost, due to which they are less difficult to manufacture. On the other hand, enteral feeding devices such as pumps have high R&D costs, require more technical expertise, have stringent approval regulations, and require companies to provide servicing & maintenance.
Accordingly, reimbursement structures present in different regions vary due to socioeconomic influences. Insurance agencies pose a major challenge to enteral feeding devices manufacturers to cut down on their operating funds. To succeed, manufacturers need to recognize that markets are different, and adjust their strategies in different areas to be able to achieve regional expansion. The manufacturers of enteral feeding devices need to balance their advertising and technical studies to create better prospects. Moreover, they must confirm and effectually place their central product in their offerings in relation of its price intention.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Enteral Feeding Devices Market Manufacturers
Enteral Feeding Devices Market Distributors/Traders/Wholesalers
Enteral Feeding Devices Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Enteral Feeding Devices Market – Report Highlights
- A detailed overview of parent market of Enteral Feeding Devices Market
- Changing Enteral Feeding Devices Market dynamics in the industry
- In-depth segmentation of the Enteral Feeding Devices Market
- Historical, current, and projected Enteral Feeding Devices Market size regarding volume and value
- Recent industry trends and developments in Enteral Feeding Devices Market
- Competitive landscape of the Enteral Feeding Devices Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Enteral Feeding Devices Market performance
- Must-have information for Enteral Feeding Devices Market players to sustain and enhance their market footprint
Key Questions Answered in the Enteral Feeding Devices Market Report
How is the Enteral Feeding Devices Market expected to grow over the projected period?
What direction is the Enteral Feeding Devices Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Enteral Feeding Devices Market in future?
What are the key market drivers in the Enteral Feeding Devices Market?
What are significant opportunities and improvement areas for Enteral Feeding Devices Market manufacturers?
What are the key developments and trends taking over the Enteral Feeding Devices Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Enteral Feeding Devices Market?
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