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Enteral Feeding Devices Market

The global 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,

The global 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,

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Enteral Feeding Devices Market is Projected to

Cross Over CAGR of 6.0% over the forecast period

“The global 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."

Industry Insights

The global 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.

The expansion of homecare nutrition market and the advantages of enteral nutrition over the parental nutrition is also

propelling the market growth. With growing age, the chance of a patient’s predisposition towards Parkinson’s diseases

and other neurological disorders increases, and thus is expected to drive the demand for these devices. According to the

United Nations World Ageing Population 2015 report, it was estimated that between 2015 and 2030, the number of

people aged 60 years and above will grow by 56 percent, from 901 million to 1.4 billion and by 2050, the number is

estimated to double its size, reaching about 2.1 billion. The growing demand for comfort during hospitalization is another

factor expected to boost up the demand of feeding devices in the market. However, stringent reimbursement policies

and complications associated with the use of these devices may hinder the further growth in the market.

Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/enteral-feedingdevices-market/request-sample

Product Insights

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.

Read Complete Report with TOC @ https://www.millioninsights.com/industry-reports/enteral-feedingdevices-market

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.

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

Read Sample report of this Category: https://www.millioninsights.com/industry/medical-devices


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