Industry Background:
Enteral feeding is known as a method of delivering nutrition or medications directly inside the stomach or intestine, and is usually recommended for patients suffering from chronic illnesses such as head & neck cancer, dementia and stroke. Increasing incidence of cancer and neurological diseases, growing awareness of enteral feeding and rising adoption of home and hospital enteral feeding devices would considerably drive the market growth. It is basically the medical device used to provide nutrition to people who cannot obtain nutrition by mouth, are unable to swallow safely, or need nutritional supplementation.This growth is primarily driven by Increasing prevalence of chronic diseases and shift from parenteral to enteral nutrition.
Attributes | Details |
---|
Study Period | 2020-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott Laboratories (United States), Boston Scientific (United States), Nestle SA (Switzerland), Becton ,Dickinson and Company (United States), Danone (France), B.Braun Melsungen AG (Germany), Avanos Medical (United States), Cardinal Health,Inc (United States), Conmed Corporation (United States) and Cook Medical (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2019, Fresenius Kabi completed the expansion of its plant in Aquiraz, Brazil, and increased the facility’s capacity for parental nutrition production by about 30%. The company has invested USD 22.4 million for this expansion.The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Growing demand for enteral feeding in the home care sector and Increasing prevalence of chronic diseases
Market Growth Drivers:
Increasing prevalence of chronic diseases and shift from parenteral to enteral nutrition
Challenges:
Insufficient reimbursement for enteral nutrition and Dearth of skilled professionals
Restraints:
Complications associated with enteral feeding devices
Opportunities:
High growth opportunities in emerging countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Enteral Feeding Device Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Enteral Feeding Device Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Enteral Feeding Device players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Enteral Feeding Device Study Sheds Light on
The Enteral Feeding Device Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Enteral Feeding Device industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Enteral Feeding Device industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.