Enteral Feeding Devices Market by Device Type (Feeding tubes, Feeding pumps, Giving sets, Enteral syringes, Adaptors, Feed container, Carrying bags) Global Opportunity Analysis and Industry Forecast, 2014 - 2020

Portland, OR -- (SBWire) -- 11/21/2017 --Enteral Feeding Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $2,846.7 million by 2020, registering a CAGR of 5.6% during the period 2015-2020. Enteral feeding tube segment would continue to dominate the market throughout the forecast period. Constant technological innovations and emergence of low profile (close to skin) tubes and gastrostomy buttons are the prime growth factors for enteral feeding tube market, the study suggests.

The global enteral feeding devices market share is primarily driven by rising incidences of cancer and neurological disorders, growing adoption of enteral nutrition, particularly in home settings and an increasing popularity of enteral feeding tubes among pediatrics. The growth in tube feeding would be further supplemented by the growing geriatric population and an increase in awareness about enteral nutrition. The use of these devices is encouraged to maintain gut integrity. The feeding devices are set to earn greater revenues for the market, owing to their adoption in healthcare and eldercare. However, stringent regulations and inadvertent dislodgment of tubes (leading to accidental disabilities and deaths) are likely to hinder the growth.

The enteral feeding devices market report is segmented on the basis of device type, application , age group, end user, and geography. This report also discusses the key market drivers, restraints, opportunities, and challenges for this market and its sub markets.

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North America held a dominant position in the enteral feeding device market in 2014, and is expected to maintain its lead throughout the forecast period. This is mainly due to high per capita spending on clinical nutrition, and well established reimbursement scenario. Europe is the second leading geography due to increasing popularity of enteral feeding among adults and pediatrics and high clinical spending in countries such as Spain, France, Germany and United Kingdom. However, the Asia-Pacific region is estimated to register the fastest growth due to growing awareness of enteral nutrition and increasing disposable income in countries like China and India.

The key companies profiled in this report include, Medtronic plc, Fresenius SE & Co. KGaA, Halyard Health, Inc., Boston Scientific Corporation, Danone, Nestl S.A., Moog, Inc., B. Braun Melsungen AG, C. R. Bard, Inc. and CONMED Corporation.

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