Enteral Feeding Devices Market Worth $4.1 Billion by 2024 - Exclusive Market Report by M&M

CHICAGO, Aug. 23, 2019 /PRNewswire/ -- According to the new market research report "Enteral Feeding Devices Market by Type (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), Age Group (Adult, Pediatric), Application (Oncology, Diabetes, Hypermetabolism), End User (Hospital, Home Care) - Global Forecast to 2024", published by MarketsandMarkets, is projected to reach USD 4.1 billion by 2024 from USD 2.9 billion in 2019, at a CAGR of 6.7%.

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Growth in this market is driven by the rising healthcare costs, the surge in the number of preterm births, growth in the aging population, and rising prevalence of chronic diseases, among other factors. 

By type, enteral feeding tubes are expected to account for the largest share of the Enteral Feeding Devices Market

Based on type, the Enteral Feeding Devices Market segmented into enteral feeding tubes, administration sets, enteral syringes, enteral feeding pumps, and consumables. In 2018, the enteral feeding tubes segment accounted for the largest share of the Enteral Feeding Devices Market, followed by administration sets. The enteral feeding tubes segment will continue to dominate the market by 2024 with the rising adoption of enteral feeding across the globe as a number of tube types are being adopted for different patient needs.

Browse in-depth TOC on "Enteral Feeding Devices Market"

298 - Tables

49 - Figures

307 - Pages

The increasing prevalence of chronic diseases is driving the adoption of feeding devices in adults

Based on age group, the Enteral Feeding Devices Market is segmented into adults (18 years and over) and pediatrics (neonates under 1 month, infants between 1 month and 2 years of age, children between 2 and 12 years, and adolescents between 12 and 16 years). In 2018, adults accounted for the largest market share, by age group. This can be attributed to the growing incidence of chronic diseases and disorders resulting in malnutrition and the rapid increase in the geriatric population.