Enteral Feeding Devices Market Growth, Size, Trends, Age Group, Application End User Regions, And Forecast 2027: SPER Market Research
The market growth is fostered by the growing prevalence of chronic diseases and malnutrition, a growing requirement from the home care segment, and the increasing geriatric population. The increment in the geriatric population with chronic situations likewise multiple sclerosis, organ failure, stroke, and dementia that impact swallowing in patients is further growing the requirement for nutritional feeding through enteral feeding devices. The population with different sclerosis, dementia, and stroke is a foremost target population for the market.
Aspects such as increasing healthcare costs, a surge in the number of preterm births, growth in the aging populace, growing prevalence of chronic diseases likewise cancer, diabetes, gastrointestinal diseases, and neurological disorders, increasing awareness of enteral nutrition, and speedy advancements in healthcare amenities in emerging regions are predicted to further propel the market throughout the review duration.
According to SPER market research, ‘Enteral Feeding Devices Market By Type (Feeding Pump, Feeding Tube, Syringes), Age Group (Adult, Paediatric), Application (Oncology, Diabetes, Hypermetabolism), End User (Hospital, Home Care) – Global Forecast To 2027’ state that the global enteral feeding devices market is predicted to rise at a CAGR of 6.2% from 2021 to reach 4.74x billion by 2027. The growth is commonly accredited to technological innovations, user-friendly applications, safety in portable feeding pumps, growing healthcare costs, increasing aging population, growing awareness for enteral nutrition, the prevalence of chronic diseases, growing number of preterm births, and speedily advancing healthcare amenities.
Furthermore, the growing number of premature births in developing countries such as India and China have been underwritten to augment in the requirement for enteral feeding devices throughout the forecast period. Prematurely born children demand vitamins and minerals for their optimum growth which is given through enteral feeding devices, thereby fostering market growth.
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The lack of awareness and understanding concerning EN in the medical fraternity is predicted to restrict its adoption. Furthermore, not all medical professionals are convinced that EN-based formulas would be effective in the treatment of health-connected or chronic conditions and their similar symptoms, which may negatively impact the implementation of these products along with treatment. However, growing government and several other initiatives to spread awareness concerning the importance of nutrient intake among the patient populace are predicted to improve the present market scenario. In addition, manufacturers must aim on raising awareness about these products among physicians and end-users, which would aid surge of their implementation.
In 2020, North America registered for the largest share of the Enteral feeding pumps market. The largest share of this regional sector can be accredited to the high implementation of improved technology and patient-friendly healthcare infrastructure. APAC is predicted to grow at the highest CAGR during the review period. The high growth of this geographic segment is majorly attributed to the growing geriatric population, increasing awareness, an increasing number of preterm births, speedily developing healthcare, and shifting the aim of international leaders to Asian countries.
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SPER Market Research