Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Enteral Feeding Devices Market Competitive Landscape by Company Overview, Financial Performance, Product, and Latest Strategies

Wednesday, February 15, 2017 4:39
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Global Market for Enteral Feeding Devices is expected to reach USD 2,720.8 million by 2020, according to a new study by Grand View Research, Inc. Growing global base of geriatric population and increasing prevalence of chronic diseases such as diabetes mellitus and pre-term births are some key factors expected to drive market growth over the next six years. The introduction of cost effective, portable and technologically advanced products such as low profile gastrostomy devices is also expected to accelerate the market penetration rates of these devices in emerging Asia Pacific and Latin American markets. Furthermore, the establishment of initiatives such as Stay Connected 2014 aimed at elevating user and patient awareness levels and facilitating the use of safety measures in the enteral feeding process is expected to present significant growth opportunity for industry participants.

Enteral feeding pumps dominated the overall market in terms of revenue share on account of their high market penetration and usage rates, with market revenue estimated at USD 1,115.3 million in 2013 and expected to grow at a CAGR of 6.4% from 2014 to 2020.

Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/enteral-feeding-devices-industry

Further key findings from the study suggest:

  • Europe was the largest regional market, with estimated revenue of USD 634.2 million in 2013. The presence of high prevalence of diabetes mellitus and other chronic disorders affecting the gastrointestinal system and a large base of geriatric population in this region attributes to its large market share.
  • North America followed Europe in terms of revenue share in 2013 at over 30.0%. High patient awareness levels, sophisticated healthcare infrastructure and high healthcare expenditures are some of the factors expected to serve this market as drivers.
  • Asia Pacific enteral feeding devices market is expected to exhibit the highest CAGR over the next six years owing to attributes such as the presence of high unmet medical needs, constantly improving healthcare infrastructure and patient awareness levels in countries such as India and China. Its market is expected to grow at a CAGR of 6.7% from 2014 to 2020 to reach USD 770.6 million by 2020.
  • The demand for percutaneous endoscopic gastrostomy devices and nasogastric tubes is expected to grow at a CAGR of over 5.6% and 5.2% from 2014 to 2020, respectively. Gastrostomy tube market revenue is expected to reach USD 206.3 million by 2020.
  • Key industry participants include Abbott Nutrition, Danone, Nestle, Fresenius, Boston Scientific Corporation, Kimberly Clark Corporation, Covidien Plc and Conmed Corporation.

View all related Reports from same Category: http://www.grandviewresearch.com/industry/medical-devices

For the purpose of this study, Grand View Research has segmented the global enteral feeding devices market on the basis of product and region:

    • 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

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ www.grandviewresearch.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.