Enteral Feeding Devices Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025
The global enteral feeding devices market size was estimated at USD 2.41 billion in 2018 and is projected to expand at a CAGR of 5.8% over the forecast period.
(firmenpresse) - The global enteral feeding devices market size is expected to reach USD 3.58 billion by 2025, at a CAGR 5.8% over a forecast period, according to a new report by Grand View Research, Inc. It is majorly driven by rising incidence of malnutrition and pre mature birth cases, prevalence of chronic disorders such as gastrointestinal disorders, cancer and neurological disorders.
Furthermore, the shift from parenteral nutrition to enteral feeding is one of the factors gaining a significant traction in the market. This is owing to the increased risk of infections due to needle stick injuries during parenteral nutrition, whereas enteral nutrition is administered directly in the gastrointestinal tract. Moreover, older patients diagnosed with chronic diseases such as cancer, inherited metabolic disease and neurological disorders are recommended with enteral nutrition.
Thus, rise in the number of admissions in hospitals due to increase in the number of patients diagnosed with chronic diseases are in turn driving the demand for enteral feeding, fostering the market growth.
In 2018, World Health Organization (WHO) stated that around 15 million preterm babies are born each year and this number is constantly rising and approximately 1 million children die each year due to preterm birth complications. Furthermore, over 60% of preterm births occur in Africa and South Asia due to increasing maternal age and underlying maternal health problems such as diabetes and high blood pressure. However, one of the major concerns with premature infants is swallowing and intake of proper nutrients. Therefore, demand for enteral feeding devices has gained a significant traction to provide adequate amount of food to for the growth and development of these infants.
Further key findings from the report suggest:
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Datum: 22.08.2019 - 05:16 Uhr
Sprache: Deutsch
News-ID 1551585
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Typ of Press Release: Financial
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Date of sending: 22.08.2019
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