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Enteral Feeding Kits Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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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.
Enteral Feeding Kits Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
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.
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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.
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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
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry - a position secured for far more than the near future.
Contact Us:
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Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
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Country: United Kingdom
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Author
Merin John
Merin John263   documents Email
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