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 |
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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.
