Global Enteral Feeding Kits Market Anticipated to Value Over US$ 3.5 Billion by 2026 End

  • 18 Jun 2019

The global enteral feeding kits market is anticipated to value over US$ 3.5 billion by the end of 2026 and grow at a CAGR of over 5.5% during the forecast period of 2019-2026.

A rise in the number of patients suffering from malnutrition across the world is one of the major reasons for the growth of enteral feeding kits. It is the process of food intake through gastrointestinal tracts such as tube feeding and oral feeding. This feeding method is used when the person is unable to satisfy the nutritional requirements of his/her body. Some of the main types of enteral feedings are Orogastric tube (OGT), Nasogastric tube (NGT), Oroentric tube, nasoentric tube, jejunostomy and gastrostomy. These feeding methods help in satisfying the necessary nutritional requirements of the body and it also keeps the gastrointestinal tract functioning efficiently. More positive market growth is expected to take place during the forecast period due to a rise in the number of gastrointestinal and cancer patients all across the world. Geriatric population mainly suffers from gastrointestinal diseases like gastroesophageal reflux disease and irritable bowel syndrome which will create an escalation of demand for enteral feeding kits resulting in further growth of the market. A rise in the number of intensive care and surgical procedures which have a high risk of patients getting malnourished has also boosted the enteral feeding kit market growth globally. 

Insights on Global Enteral Feeding Kits Market:
1.    By Region

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Rest of the World
North America dominates the global market due to high-end user adoption and is expected to do the same during the forecast period. It is followed by Europe who also accounts for a significant share of the global market and one of the reasons for this is increased market penetration in countries like France, Germany and whose market growth is expected to be on a rise during the forecast period. Asia Pacific is also a fast-growing market and is expected to stay the same during the forecast period mainly because the market dominated by local manufacturers. Latin America and Rest of the World hold a very small share of the global market due to less market penetration in these regions and is expected to stay the same during the forecast period. 

2.     By Tube Type
•    Nasogastric Tube
•    Nasojejunal Tube (NJT)
•    Radiologically inserted Gastrostomy Tube (RIG)
•    Percutaneous Endoscopic Jejunostomy tubes (PEJ)
•    Percutaneous Endoscopic Gastrostomy tube (PEG)
Nasogastric tube is mainly used when the patient has to be fed for 3 or less than 3 weeks and that is why these tubes are highly preferable. This segment was valued over USD 240.5 million in 2017. A rise in the home enteral nutrition sector growth and a rise in the number of accident cases where patients require short term tube feeding will increase nasogastric tube segment demand over the forecast period.

3.    By End User
•    Hospitals
•    Clinics
•    Care centres
Hospitals dominate the global market due to ease in the adoption of advanced technologies and a superior infrastructure provision. But this trend is mainly seen in developed economies where the patient population has a high spending capacity. In emerging economies, people still prefer going to a clinic or a care centre than a hospital due to higher fees imposed by hospitals which the middle-class population cannot afford thus keeping them in contention for market share. This is expected to continue during the forecast period as well.

Competitive Landscape:
•    Tier 1 players- established companies in the market with a major market share
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  
Tier 1 companies acquire 45% of the total market share while tier 2 companies acquire 33% of the total share. Tie 3 companies have the lowest market share of 22%.

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the Global Enteral Feeding Kits Market by Region, by Tube Type, by End-User
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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