Market Size of Asia-Pacific Enteral Feeding Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Enteral Feeding Devices Market Analysis
The Asia-Pacific Enteral Feeding Devices Market is expected to grow with a CAGR of 6.8% in the forecast period. The factors that are responsible for the growth of the market include increasing population of geriatrics, higher immature births, growing adoption of enteral nutrition, and higher prevalence of chronic diseases.
Difficulties in nutrition and digestion are very common in old age. As an alternative to conventional nutrition, enteral feeding is administered to elderly patients who have difficulty in swallowing, digestion, and assimilation. The global population is aging at a faster pace due to reduced birth rates and increasing life expectancy. According to the World Economic Forum, one-third population of Japan is aged over 65 years. There are 2.3 billion people above 70 years of age. According to the Ministry of Strategy and Finance, Statistics Korea, in 2019, there were approximately 7.7 million people aged 65 years old and above in South Korea. With the increasing prevalence of the eople who are in need for devices for feeding boosts the market growth.
Asia-Pacific Enteral Feeding Devices Industry Segmentation
Enteral feeding refers to the delivery of a nutritionally complete feed, containing protein, carbohydrate, fat, water, minerals, and vitamins, directly into the stomach, duodenum, or jejunum through devices, such as tubes and pumps. Enteral feeding tubes and pumps and other devices facilitate the process. It is used for people with functional GI tract, who are not able to ingest foods orally to meet their nutrient demand.
By Product Type | |
Enteral Feeding Pumps | |
Enteral Feeding Tubes | |
Other Product Types |
By Age Group | |
Adults | |
Pediatrics |
By End-User | |
Hospitals | |
Ambulatory Care Services | |
Other End Users |
By Application | |
Oncology | |
Gastroenterology | |
Diabetes | |
Neurological Disorders | |
Hypermetabolism | |
Other Applications |
Geography | ||||||||
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Asia-Pacific Enteral Feeding Devices Market Size Summary
The Asia-Pacific Enteral Feeding Devices Market is poised for significant growth, driven by several key factors. The increasing geriatric population, higher rates of premature births, and the growing adoption of enteral nutrition are central to this expansion. As the global population ages, particularly in countries like Japan and South Korea, the demand for enteral feeding devices rises, especially among elderly individuals who face challenges with swallowing, digestion, and nutrient absorption. Additionally, the prevalence of chronic diseases necessitates the use of these devices, further propelling market growth. The oncology segment, in particular, is experiencing heightened demand due to the rising incidence of cancer, which often leads to complications that hinder normal feeding, thereby increasing the need for enteral nutrition solutions.
The competitive landscape of the Asia-Pacific Enteral Feeding Devices Market is characterized by the presence of both global and local players, all vying for market share through product innovation, geographical expansion, and improved distribution networks. This intense competition is likely to spur merger and acquisition activities, leading to market consolidation in certain segments. Major companies such as Abbott Laboratories, B. Braun Melsungen AG, and Boston Scientific Corporation are key players in this market, contributing to its dynamic nature. The substantial patient pool, particularly in countries like India, presents significant opportunities for market growth, as the demand for effective enteral feeding solutions continues to rise.
Asia-Pacific Enteral Feeding Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Geriatric population and Increasing Utilization in Long Term Care Facilities
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1.2.2 Increasing Number of Premature Births
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1.2.3 Rising Prevalence of Chronic Diseases
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1.3 Market Restraints
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1.3.1 Complications Associated with Enteral Feeding Tubes
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1.3.2 Healthcare Reimbursement Issues
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Enteral Feeding Pumps
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2.1.2 Enteral Feeding Tubes
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2.1.3 Other Product Types
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2.2 By Age Group
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2.2.1 Adults
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2.2.2 Pediatrics
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2.3 By End-User
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2.3.1 Hospitals
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2.3.2 Ambulatory Care Services
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2.3.3 Other End Users
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2.4 By Application
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2.4.1 Oncology
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2.4.2 Gastroenterology
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2.4.3 Diabetes
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2.4.4 Neurological Disorders
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2.4.5 Hypermetabolism
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2.4.6 Other Applications
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2.5 Geography
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2.5.1 Asia-Pacific
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2.5.1.1 China
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2.5.1.2 Japan
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2.5.1.3 India
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2.5.1.4 Australia
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2.5.1.5 South Korea
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2.5.1.6 Rest of Asia-Pacific
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Asia-Pacific Enteral Feeding Devices Market Size FAQs
What is the current Asia-Pacific Enteral Feeding Devices Market size?
The Asia-Pacific Enteral Feeding Devices Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Enteral Feeding Devices Market?
Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation and Becton, Dickinson and Company are the major companies operating in the Asia-Pacific Enteral Feeding Devices Market.