The global enteral syringe market size was valued at US$ 575.6 million in 2017 and is expected to witness a CAGR of 4.9% over the forecast period (2018 – 2026).
Figure 1. Global Enteral Syringe Market Value (US$ Mn), by Region, 2017
Source – Coherent Market Insights Report
Increasing number of critical care and neonatal intensive care unit admissions and increasing geriatric population are expected to drive growth of the global enteral syringe market.
Increasing number of critical care and neonatal intensive care unit admissions is expected to drive growth of the global enteral syringes market. This is owing to inability of patients admitted to critical care and newborns admitted to neonatal intensive care (due to premature birth or other complications) to swallow medicine or take nutrition. According to statistics given by Bliss Organization, over 95,000 newborns are admitted to neonatal units in the U.K, annually due to premature birth (before 37 weeks of pregnancy) or due to full term (after 37 weeks) yet sick birth. Moreover, according to same source around 1 in every 8 newborns in the U.K are admitted to neonatal units, annually.
Furthermore, increasing geriatric population is expected to boost the market growth over the forecast period. People above 60 years of age are more prone to illness or injuries that often require hospital admissions and nutritional therapy and medication administration via enteral syringe. According to United Nations report: World Population Prospect-The 2017 Revision, worldwide geriatric population is expected to increase from 962 million in 2017 (13% of worldwide population) to 1.3 billion by 2030 and will reach to 2.1 billion by 2050. According to same source, worldwide geriatric population is increasing at a rate of 3%, annually and around all regions, except Africa, are expected to register geriatric population of over 25% by 2050.
Figure 2. Global Enteral Syringe Market, Segmentation, 2017
Source – Coherent Market Insights Report
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