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Enteral Feeding Devices Market Will Reach USD 2,447.6 Million in 2018: Transparency Market Research

Albany, New York (PRWEB) August 18, 2013

According to Transparency Market Research “Enteral Feeding Devices Market – Global Industry Size, Market Share, Trends Analysis, and Forecasts, 2012 – 2018”, global enteral feeding devices market was worth USD 1,641.7 million in 2011 and is expected to reach USD 2,447.6 Million in 2018, growing at a CAGR 5.9% from 2011 to 2018. In the overall global market, European region is expected to maintain its lead position in terms of revenue till 2018. Europe is expected to enjoy 34.6% of global enteral feeding devices market revenue share in 2018 followed by North America.

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Aging population, especially in North America and Europe, coupled with the cost benefits of home enteral nutrition compared to hospitalization is expected to fuel the demand for enteral feeding devices for the next five years. The global enteral feeding devices market is expected to grow at a CAGR of 5.9% from 2011 to 2018. The market is dominated by enteral feeding pumps, which are generally the most expensive items of the Transparency Market Researchsetup, accounting for 61% of the total market revenues in 2011. Enteral feeding pumps are also the fastest growing device type and are expected to grow at a CAGR of 6.1% from 2011 to 2018. The demand for low profile gastrostomy and nasogastric tube is expected to grow at a CAGR of 5.5% and 5.4% respectively for the same time period.

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In terms of geography, North America and Europe dominate the market, accounting for 67% of total market revenues in 2012, although, in terms of growth, Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 6.5% from 2011 to 2018.

The market is dominated by large corporations, some of which are also backward integrated and supply nutrition formulations along with feeding devices. Key participants include Abbott Nutrition, Danone, Fresenius-Kabi and so on.

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This report is an effort to identify factors, which will be the driving force behind the enteral feeding devices market and sub-markets in the next six years. The report provides extensive analysis of the market, current trends, industry drivers and challenges for better understanding of the enteral feeding devices market structure. The report has segregated the industry in terms of products and geography.

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