The Global Enteral Feeding Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Enteral Feeding Devices Market is estimated to be $2.08 USD billion and predicted to rise to $2.65 USD billion with a CAGR of 4.97%. The market is segmented by Product Type (Enteral Feeding Tubes-Nasoenteric Feeding Tubes, Oroenteric Feeding Tubes, Enterostomy Tubes; Giving Sets, Enteral Feeding Pumps, Administration Reservoirs, Enteral Syringes, Others), by Stage (Adults, Pediatrics), by Application (Gastroenterology, Neurological Disorders, Oncology, Diabetes, Hyper metabolism), and by End User (Ambulatory Care Services, Hospitals, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The growth of the Global Enteral Feeding Devices Market is mainly driven by factors such as an increase in the number of pre-term births, an increase in the prevalence of chronic diseases, rise in the geriatric population, and technological advancements in the healthcare industry. However, lack of Public awareness, difficulties associated with the use of these devices, and reimbursement issues in the developing countries are the main factors hindering the growth of the market.
Enteral feeding pumps lead the market under the product type with more than half of the share going to such products. It is also anticipated to be the fastest-growing among the major five, during the projected period. A growing number of hospitals and ambulatory care services, which are implementing enteral nutrition as an efficient system of clinical nutrition, are enhancing the growth of the market.
North America and Europe account for more than 60% of the Global Enteral Feeding Devices market due to the presence of highly advanced healthcare systems. However, the Asia-Pacific and Latin America regions are projected to grow at the highest CAGR, owing to the presence of a vast pool of patients suffering from chronic diseases.
Leading players in the Enteral Feeding Devices market are Halyard Health Inc., C. R. Bard Inc., Abbott Laboratories, Fresenius SE, Covidien PLC, Cook Medical, Nestle S.A.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-enteral-feeding-devices-market-691/” and checkout our recent reports in the Medical Devices category at “http://www.marketdataforecast.com/research-reports/healthcare/medical-devices-2/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.