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SEATTLE–(BUSINESS WIRE)–According to data from Coherent Market Insights, the value of the global enteral feeding equipment market in 2020 is estimated to be USD 3.26 billion, which is expected during the forecast period (2020-2027).
The main trends in the market include the increase in the incidence of chronic and life-threatening diseases such as diabetes, cancer, and cardiovascular diseases, the increase in the launch of new products, and the increase in cooperation and acquisitions among major players. These are expected to contribute to the growth of the market.
According to a report released by the International Diabetes Federation (IDF) in February 2020, about 463 million adults (20-79 years old) worldwide have diabetes in 2019, and it is expected that it will increase to 700 million worldwide by 2045. In addition, according to the same source, diabetes caused 4.2 million deaths worldwide in 2019, and 79% of adults with diabetes live in low- and middle-income countries.
In addition, it is expected that during the forecast period, more and more new product launches will drive market growth. For example, in June 2020, Applied Medical Technology, Inc. (AMT), a manufacturing company for enteral feeding equipment and surgical products, launched its new mobile application, AMT ONE Source.
In addition, major players operating in the global enteral feeding equipment market are focusing on adopting inorganic growth strategies such as acquisitions and cooperation to increase their market share in the global market. For example, in July 2017, the medical device company Cardinal Health, Inc. completed the acquisition of Medtronic’s patient care, deep vein thrombosis and undernutrition businesses for US$6.1 billion, including many industry-leading brands such as Curity and Kendall. , Dover, Argyle and Kangaroo-almost every American hospital uses these brands.
The compound annual growth rate of the global enteral feeding equipment market during the forecast period is expected to be 5.8%. This is due to the increased incidence of cardiovascular disease. For example, according to the 2017 report of the World Health Organization, an estimated 17.9 million people died of cardiovascular disease (CVD) in 2016, accounting for 31% of the total global deaths, and about 85% of deaths were caused by heart disease and stroke.
Among product types, the feeding tube segment will occupy the largest market share in 2020 due to the increasing number of central nervous system and mental diseases, which is expected to increase the demand for feeding tubes. According to a recently published 2019 study, neurological diseases are the second leading cause of deaths of approximately 9 million people worldwide.
Major players operating in the global enteral feeding equipment market include Cook Group, Abbott Laboratories, Cardinal Health, Inc., Boston Scientific Corporation, CONMED Corporation, Amsino International Inc., Applied Medical Technology, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Fresenius SE & Co. KGaA, Moog, Inc., Vygon SA, Dynarex Corporation and Medela AG.
Coherent Market Insights is a global market intelligence and consulting organization focused on helping many of our clients achieve transformational growth by helping them make key business decisions. Our customer base includes participants from various business verticals in more than 57 countries/regions around the world.
Due to the increasing number of central nervous system and mental health disorders, the feeding tube segment will occupy the largest market share in 2020.

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