Enteral Feeding Devices Market By Product (Giving Sets, Enteral Feeding Pumps, Gastrostomy Tubes, Low Profile Gastrostomy Devices, Percutaneous Endoscopic Gastrostomy Devices And Nasogastric Tubes) - Growth, Share, Opportunities, Competitive Analysis, And Forecast To 2023

The report titled “Enteral Feeding Devices Market- Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the overall enteral feeding devices market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on type of products, and different geographies. Enteral access allows the short- and long-term delivery of nutrients and medications into the GI tract of patients who cannot maintain their needs with oral intake. Enteral nutrition is the preferred means of nutrient delivery for patients with intact and functional GI tracts because it is associated with better clinical outcomes relative to parenteral nutrition, including a lower rate of sepsis. The key factors assisting the growth of enteral feeding devices market are rising geriatric population base, mounting prevalence of diseases such as diabetes, diarrhea, chronic pancreatitis and other gastrointestinal diseases along with high incidences of premature births.

For the purpose of this study, the global enteral feeding devices market is segmented on the basis of product type into giving set, enteral feeding pump, percutaneous endoscopic gastrostomy device, low profile gastrostomy device, nasogastric tube, gastrostomy tube. Market size estimates and forecast for these segments for the period 2013 to 2023 are provided in terms of USD Mn along with the respective compounded annual growth rates (CAGRs) for the period 2016 to 2023, considering 2015 as the base year.

The geographical segmentation of enteral feeding devices market comprised regions such as North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, and GCC countries. Market size and forecast for these segments during 2013 to 2023 and their CAGRs for the period 2016 to 2023 are provided in this report.

The enteral feeding devices market is observed as the most diversified and competitive market comprising large number of players.  The market is dominated by several players, depending on their major competencies. The key players in this market are ConMed Corporation, Frensenius Kabi, Medtronic, Boston Scientific Corporation, C.R. Bard, Moog Inc., Cook Medical, Nestle Inc., Amsino International Inc., Abbott Nutrition, Kimberly-Clark, Danone Medical Nutrition, and Others.

For the purpose of this study, the global enteral feeding devices market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Enteral Feeding Devices Market

In base year 2015, Europe accounted the largest market share of 33.8% due to presence of rising prevalence of chronic diseases in geriatric population, sophisticated and accessible healthcare infrastructure, high patient awareness, organized insurance facilities and incessant R&D activities are carried out specific to development of feeding devices. Europe enteral feeding devices market remained impervious by economic downturn in European countries mainly due to life saving applications of these devices and aging population with the need for enteral feeding devices. In addition, rising cases of premature child births assisted the need for enteral feeding devices in infant critical care, thus, driving the overall market in Europe. The regulatory factors have also affected the enetral feeding devices market such as implementation of ISO standards for small bore connector possessed strong impact on enteral feeding devices industry. Introduction of these new standards from ISO are expected to increase the average selling prices of enteral feeding devices in the near future. Asia-Pacific was observed as the fastest growing market and expected to outgrow Europe market by end of the forecast period due to key driving factors such as presence of high unmet medical needs and swiftly developing healthcare infrastructure, mounting patient awareness and high disposable income levels.

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Published Date:  Sep 2016
Category:  Medical Devices
Report ID:   58089
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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