Million Insights
Market Research Released A New Research Report On Global Enteral Feeding
Devices Market - Forecast Up To 2025. Report Provide Overview Of Top Key
Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic
Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And
Drawing A Competitive Landscape For The Market.
Pune, India - Enteral Feeding Devices Market size
was estimated at USD 1.8 billion in 2013 and is expected to grow at a CAGR of
6.0% over the forecast period. Growing prevalence of chronic diseases such as
cancer, diabetes, gastrointestinal, and neurological disorders, rising
geriatric population, and increasing number of preterm births are the key
factors owing to higher adoption of enteral feeding devices. Introduction of
technologically advanced products and increase in awareness about enteral
nutrition is also driving demand for such devices. For instance, introduction
of new product designs such as tri funnel replacements J-tube and G-tube and
reserve balloon designs. In 2015, Halyard Health launched MIC PEG enteral
feeding tube kit. Increasing acquisitions and distribution agreements is also
one of the key attributes anticipated to drive enteral feeding devices market.
In 2014, Medela acquired enteral feeding assets of Acacia, Inc. involved in
marketing a line of neonatal feeding devices.
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Based on the product types, the market is segmented as
enteral feeding pumps, giving sets, gastrostomy tubes, percutaneous endoscopic
gastrostomy devices, low profile gastrostomy devices, and nasogastric tubes. In
2013, enteral feeding pumps segment held the largest market share of about
61.5% owing to its increased adoption in North America and Europe.
Technological advancements focused on the development of simpler and lighter
enteral devices is anticipated to drive demand for enteral tubes and pumps
market in the coming years. The nasogastric tube market was another major
segment in terms of revenue with a global share of USD 10.8% in 2013. These
tubes are the used for enteral feeding or nutrition via the nasal route.
Regional Insight
Europe dominated the market with the maximum share of 34.9%
in 2013. Some of the key factors attributing to the market growth include
increasing ageing population, growing incidences of pre-term birth,
sophisticated healthcare infrastructure, rising R&D activities and
implementation of favorable regulations. Asia pacific region is expected to be
the fastest growing segment with a CAGR of 6.7% over the forecast period. The
region offers huge untapped potential due to low product penetration rate,
unmet medical needs, and increasing healthcare expenditure. Emerging economies
like India, China and Brazil grows significantly with rising population,
growing incidences of chronic diseases, and improving healthcare infrastructure
is one of the crucial factors anticipated to boost demand for such devices.
Competitive Insights
Some of the key participants of enteral feeding device
market include, Abbott; Nestle; Danone, Inc.; Fresenius SE & Co. KGaA;
Kimberly-Clark Corporation; Boston Scientific Corporation; Conmed Corporation;
Moog, Inc.; Covidien Plc.; Cook Medical and Amsino International Inc. and
others.
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Report visit @ https://www.millioninsights.com/industry-reports/enteral-feeding-devices-market
Market Segment:
Enteral Feeding Devices Product Outlook
• Giving Set
• Enteral Feeding Pump
• Percutaneous Endoscopic Gastrostomy
Device
• Low Profile Gastrostomy Device
• Nasogastric Tube
• Gastrostomy Tube
Enteral Feeding Devices Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
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