Enteral Feeding Devices Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: Sep 2022
- Pages: 137
- SKU: IRTNTR40765
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The enteral feeding devices market share is expected to increase by USD 1.22 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.2%.
The enteral feeding devices market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers enteral feeding devices market segmentation by product (accessories and enteral pumps) and geography (North America, Europe, Asia, and Rest of World (ROW)).
The enteral feeding devices market report also offers information on several market vendors, including Abbott Laboratories, ALCOR Scientific, Avanos Medical Inc, B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Canafusion Technologies Inc., Cardinal Health Inc, Conmed Corp., Cook Group Inc., Danone SA, Fresenius SE & Co. KGaA, HMC Premedical Spa, Medela AG, Medline Industries Inc., Moog Inc., Nestle SA, Shenzhen Bestman Instrument Co. Ltd., Trendlines Group Ltd., and Vygon SAS among others.
Abbott Laboratories - Abbott Laboratories is a public company headquartered in the US. It is a global company generating USD 43,075 million in revenues and has around 113,000 employees. Its revenue from the global enteral feeding devices market contributes to its overall revenues and other offerings, but it is not a key revenue stream for the company. The company offers enteral feeding devices such as Ready to hang prefilled enteral feeding containers.
What will the Enteral Feeding Devices Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global enteral feeding devices market as a part of the global healthcare equipment market. ur research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the enteral feeding devices market during the forecast period.
Enteral Feeding Devices Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The increasing prevalence of chronic conditions and preterm birth is notably driving the enteral feeding devices market growth, although factors such as frequent product recalls may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Enteral Feeding Devices Market Driver
- The increasing prevalence of chronic conditions and preterm birth is one of the key drivers supporting the enteral feeding devices market growth.
- Globally, the prevalence of oral cancer is increasing. The major factors attributed to the growth of oral cancer are smoking and frequent consumption of alcohol.
- The prevalence of preterm birth is increasing, especially in developing countries, which is likely to drive market growth during the forecast period. For instance, very-low-birth-weight (VLBW) infants are those infants born with a weight less than 1.5 kg, and infants born preterm are those who are born before 37 completed weeks of gestation.
- Preterm or premature birth infants and LBW infants are at high risk of infectious diseases, early growth retardation, developmental delay, and death in childhood. Thus, they need adequate nutrition for optimal growth and health. Enteral nutrition is the preferred way of nutrition supply among neonates and pediatric patients.
Key Enteral Feeding Devices Market Trend
- The growing number of strategic alliances is one of the key enteral feeding devices market trends contributing to the market growth.
- Strategic alliances can help medical equipment vendors explore additional opportunities without incurring a considerable financial burden. Such alliances for product development and product commercialization provide vendors with multiple benefits such as cost containment, extended product line, and increased geographical reach.
- In November 2021, Trendlines Group announced the complete acquisition of its 26.9% owned (fully diluted) portfolio company, OrthoSpin Ltd. The acquisition positively impacted the net tangible assets earnings per share of Trendlines Group.
- In June 2021, Medline Industries acquired a portion of the Hudson RCI brand of respiratory consumables from Teleflex. This acquisition helped the company to expand its product portfolio. Thus, the increasing number of partnerships and collaborations will expand vendors' global presence and contribute to market growth during the forecast period.
Key Enteral Feeding Devices Market Challenge
- Frequent product recalls is one of the factors hampering the enteral feeding devices market growth.
- The medical equipment industry witnesses frequent product recalls on account of safety or functionality issues.
- There are instances where the medical equipment must be checked, adjusted, or fixed to ensure that it does not fail unexpectedly or violate regulatory guidelines. Medical equipment manufacturers also recall their devices to inspect and repair them so that they do not cause serious health issues in patients.
- Manufacturers usually issue product recalls whenever they notice that a product needs to be corrected or removed from the market.
- Manufacturing defects, technical errors, and labeling and design faults in products can also lead to improper results and patient management. In such cases, either regulatory authorities or the manufacturers recall products. Such factors can hinder the growth of the global enteral feeding devices market during the forecast period.
This enteral feeding devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Enteral Feeding Devices Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the enteral feeding devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Enteral Feeding Devices Market?
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46% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for enteral feeding devices market in North America. Market growth in this region will be slower than the growth of the market in Asia.
The growing presence of regional and global vendors will facilitate the enteral feeding devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 positively impacted the growth of the regional market. Owing to the outbreak of COVID-19 in early 2020, several people were admitted to hospitals, contributing to the growing demand for enteral feeding devices. Moreover, the increased rate of hospitalization is expected to contribute to the growth of the market during the forecast period.
What are the Revenue-generating Product Segments in the Enteral Feeding Devices Market?
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The enteral feeding devices market share growth by the accessories segment will be significant during the forecast period. The demand for feeding tubes such as G-tube is likely to increase due to the presence of major vendors and the increasing prevalence of chronic conditions. Thus, the presence of key vendors with strong product portfolios will increase the adoption of accessories in the enteral feeding market, which will boost the growth of the accessories segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the enteral feeding devices market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Enteral Feeding Devices Market Scope |
|
|
Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.2% |
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Market growth 2022-2026 |
$ 1.22 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.6 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 46% |
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Key consumer countries |
US, Canada, Germany, UK, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Abbott Laboratories, ALCOR Scientific, Avanos Medical Inc, B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Canafusion Technologies Inc., Cardinal Health Inc, Conmed Corp., Cook Group Inc., Danone SA, Fresenius SE & Co. KGaA, HMC Premedical Spa, Medela AG, Medline Industries Inc., Moog Inc., Nestle SA, Shenzhen Bestman Instrument Co. Ltd., Trendlines Group Ltd., and Vygon SAS |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Enteral Feeding Devices Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive enteral feeding devices market growth during the next five years
- Precise estimation of the enteral feeding devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the enteral feeding devices industry across North America, Europe, Asia, and Rest of World (ROW)
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of enteral feeding devices market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Accessories - Market size and forecast 2021-2026
- Exhibit 28: Chart on Accessories - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Accessories - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Accessories - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Accessories - Year-over-year growth 2021-2026 (%)
- 5.4 Enteral pumps - Market size and forecast 2021-2026
- Exhibit 32: Chart on Enteral pumps - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Enteral pumps - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Enteral pumps - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Enteral pumps - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 Asia - Market size and forecast 2021-2026
- Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 Germany - Market size and forecast 2021-2026
- Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.9 UK - Market size and forecast 2021-2026
- Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.10 Canada - Market size and forecast 2021-2026
- Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 78: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 79: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 81: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 82: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 83: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 84: Matrix on vendor position and classification
- 10.3 Abbott Laboratories
- Exhibit 85: Abbott Laboratories - Overview
- Exhibit 86: Abbott Laboratories - Business segments
- Exhibit 87: Abbott Laboratories - Key news
- Exhibit 88: Abbott Laboratories - Key offerings
- Exhibit 89: Abbott Laboratories - Segment focus
- 10.4 Avanos Medical Inc
- Exhibit 90: Avanos Medical Inc - Overview
- Exhibit 91: Avanos Medical Inc - Business segments
- Exhibit 92: Avanos Medical Inc - Key offerings
- Exhibit 93: Avanos Medical Inc - Segment focus
- 10.5 B. Braun SE
- Exhibit 94: B. Braun SE - Overview
- Exhibit 95: B. Braun SE - Business segments
- Exhibit 96: B. Braun SE - Key news
- Exhibit 97: B. Braun SE - Key offerings
- Exhibit 98: B. Braun SE - Segment focus
- 10.6 Becton Dickinson and Co.
- Exhibit 99: Becton Dickinson and Co. - Overview
- Exhibit 100: Becton Dickinson and Co. - Business segments
- Exhibit 101: Becton Dickinson and Co. - Key news
- Exhibit 102: Becton Dickinson and Co. - Key offerings
- Exhibit 103: Becton Dickinson and Co. - Segment focus
- 10.7 Boston Scientific Corp.
- Exhibit 104: Boston Scientific Corp. - Overview
- Exhibit 105: Boston Scientific Corp. - Business segments
- Exhibit 106: Boston Scientific Corp. - Key news
- Exhibit 107: Boston Scientific Corp. - Key offerings
- Exhibit 108: Boston Scientific Corp. - Segment focus
- 10.8 Cardinal Health Inc
- Exhibit 109: Cardinal Health Inc - Overview
- Exhibit 110: Cardinal Health Inc - Business segments
- Exhibit 111: Cardinal Health Inc - Key news
- Exhibit 112: Cardinal Health Inc - Key offerings
- Exhibit 113: Cardinal Health Inc - Segment focus
- 10.9 Conmed Corp.
- Exhibit 114: Conmed Corp. - Overview
- Exhibit 115: Conmed Corp. - Business segments
- Exhibit 116: Conmed Corp. - Key offerings
- Exhibit 117: Conmed Corp. - Segment focus
- 10.10 Cook Group Inc.
- Exhibit 118: Cook Group Inc. - Overview
- Exhibit 119: Cook Group Inc. - Product / Service
- Exhibit 120: Cook Group Inc. - Key offerings
- 10.11 Fresenius SE Co. KGaA
- Exhibit 121: Fresenius SE Co. KGaA - Overview
- Exhibit 122: Fresenius SE Co. KGaA - Business segments
- Exhibit 123: Fresenius SE Co. KGaA - Key news
- Exhibit 124: Fresenius SE Co. KGaA - Key offerings
- Exhibit 125: Fresenius SE Co. KGaA - Segment focus
- 10.12 Nestle SA
- Exhibit 126: Nestle SA - Overview
- Exhibit 127: Nestle SA - Business segments
- Exhibit 128: Nestle SA - Key news
- Exhibit 129: Nestle SA - Key offerings
- Exhibit 130: Nestle SA - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 131: Inclusions checklist
- Exhibit 132: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 133: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 134: Research methodology
- Exhibit 135: Validation techniques employed for market sizing
- Exhibit 136: Information sources
- 11.5 List of abbreviations
- Exhibit 137: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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