(Health-NewsWire.Net, September 13, 2017 ) The Asia Pacific Enteral Feeding Devices Market was worth $0.50 billion in 2016 and estimated to be growing at a CAGR of 5.35%, to reach $0.65 billion by 2021. A growing number of hospitals and ambulatory care services are embracing enteral nutrition as an effective system of clinical nutrition.
The enteral feeding devices market is observing a rising acceptance of technologically innovative, user-friendly safety systems that diminish difficulties such as misconnections, tube dislodgements, and tube blockage. Numerous manufacturers in the Enteral Feeding Devices market are also increasingly employing safety techniques to safeguard the patient.
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The growth of the Asia Pacific Enteral Feeding Devices Market is mainly driven by factors such as an increase in the prevalence of chronic diseases, growing number of government initiatives for device manufacturing companies, increase in the number of pre-term births, and rising aging population. However, poor accessibility of proper care, high costs associated with the purchase and operation of such devices, and reimbursement issues in the emerging countries are the main factors hindering the growth of the market in this region.
The Asia Pacific Enteral Feeding Devices market is segmented based on Product Type. The market for Enteral Feeding Devices, on the basis of product type, is segmented into Enteral Feeding Tubes, Giving Sets, Enteral Feeding Pumps, Administration Reservoirs, Enteral Syringes, and Others. Enteral Feeding Tubes are further sub segmented into Nasoenteric Feeding Tubes, Oroenteric Feeding Tubes, and Enterostomy Tubes. Enteral feeding pumps lead the market under the product type with more than half of the share going to such products. It is also anticipated to be the fastest-growing among the major five, during the projected period. On the basis of Stage, the Enteral Feeding Devices market is segmented into Adults and Paediatrics. On the basis of Application, the Enteral Feeding Devices market is segmented into Gastroenterology, Neurological Disorders, Oncology, Diabetes, and Hyper metabolism. On the basis of End User, the Enteral Feeding Devices market is segmented into Ambulatory Care Services, Hospitals, and Others. A growing number of hospitals and ambulatory care services, which are implementing enteral nutrition as an efficient system of clinical nutrition, are enhancing the growth of the market.
The Asia Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. The Asia Pacific market is expected to record high growth during the forecast period due to the untouched market potential in this region. China is the largest market for Enteral Feeding Devices in this region. As a result of its high propensity for chronic diseases such as diabetes, cancer, India is also viewed as a potential target for Enteral Feeding device manufacturers.
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The major companies dominating the Enteral Feeding Devices market in this region are Halyard Health Inc., C. R. Bard Inc., Abbott Laboratories, Fresenius SE, Covidien PLC, Cook Medical, Nestle S.A.
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