Transparency Market Research

Growing Geriatric Population to Boost Global Enteral Feeding Devices Market to US$3.1 Bn by 2019


Albany, NY -- (SBWIRE) -- 11/24/2017 -- A new market research report has been recently published by Transparency market Research and made available on the company website. The research study, titled "Enteral Feeding Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," provides a detailed analysis of the global market for enteral feeding devices, including market overview, current market trends, product segmentation, drivers and barriers, major geographical segments, and the competitive landscape of the market.According to the research study, in 2012, the global enteral feeding devices market was worth US$2 bn and is anticipated to reach a value of US$3.1 bn by the end of 2019. The market is estimated to register a healthy 6.20% CAGR between 2013 and 2019.

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Enteral feeding is the delivery of a complete feed, which comprises essential nutrients, carbohydrates, water, minerals, vitamins, and fats, directly into the duodenum, stomach, or jejunum. Enteral feeding devices are used widely to provide nutrition to patients who are not in the physical condition to eat food though the mouth and/or swallow it safely. Enteral feeding devices are also known by the name of artificial nutrition support systems.

On the basis of product type, the global market for enteral feeding devices has been segmented into giving sets, enteral syringes, enteral feeding pumps, enteral feeding tubes, and administration reservoirs. Among these, the enteral feeding pumps segment is estimated to grow rapidly, exhibiting a 6.10% CAGR between 2013 and 2019. Furthermore, on the basis of stage, the global market for enteral feeding devices is classified broadly into adults and pediatrics. The market estimates and share of each segment have been discussed in the scope of the research report.

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On the basis of geography, the global market for enteral feeding devices has been divided into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, in 2012, the North America and Europe markets led the global market for enteral feeding devices, collectively holding a 67% share in the overall market. The rapid growth of these markets in recent years can be attributed to the rising awareness regarding enteral nutrition and the growing geriatric population. In North America, the rising inclination towards home-based enteral therapy has resulted in fewer visits to hospitals and clinics, thus increasing the adoption of enteral feeding devices in this region. On the other hand, the Asia Pacific regional market is projected to witness growth at a fast pace, owing to the rising population and increasing number of preterm births. In addition, the rising incidence of cancer and gastrointestinal disorders is further expected to drive the global market for enteral feeding devices.

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Furthermore, the research report talks about the competitive landscape of the global market for enteral feeding devices, including the company overview, contact information, inception details, financial overview, business strategies, SWOT analysis, and recent developments in the market. The major players operating in the global market for enteral feeding devices include Covidien plc, Amsino International, Inc., CONMED Corporation, Applied Medical Technology, Inc., Boston Scientific, Kimberly Clark, and Moog, Inc.

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