The latest market report from Credence Research, Inc. “ The market for Enteral Feeding Devices – growth, share opportunities, competitive analysis and forecast 2016 – 2023″ was estimated in 2015 to USD 2110.4 million Expected to USD 3,313.2 Mn to 2023 and expands with a CAGR of 5.8% from 2016 to 2023.
Market studies :
Enteral nutrition refers to the supply of nutrients or medication directly into the gastrointestinal tract by a casing either through the nose or directly into the stomach or small intestine. The enteral feeding is preferred in patients suffering from diseases such as oral cancer, gastrointestinal injuries and disorders, etc., which make it difficult to consume normal food. Doctors suggest that enteral feeding is only necessary if the nutritional needs of a patient can not be met orally satisfied. The increasing population density in cities, the increasing spread of diseases such as diabetes, diarrhea, chronic pancreatitis and other gastrointestinal disorders, as well as high incidence of premature births, are some of the most important factors supporting the growth of the market for enteral nutritional devices throughout the prognosis period .
Search the full report Enteral Feeding Devices market – growth, share opportunities, competitive analysis and forecast, 2016 – 2023 report at: http://www.credenceresearch.com/report/enteral-feeding-devices-market
Enteral feed pumps dominated the overall market in terms of sales in 2015 due to high consumption rates and market penetration in developed regions such as North America and Western Europe. In addition, this product segment is expected to grow at the fastest CAGR of 6.1% during the forecast period due to the rising demand for enteral feeding pumps and the introduction of advanced devices in countries with high medical needs and the development of healthcare infrastructure such as India, China And Brazil.
In 2015, Europe dominated the market by providing a modern health care infrastructure, high patient awareness, an increasing geriatric population, especially in the Western European region, growing incidence of premature babies and the introduction of supportive regulations such as the implementation of ISO standards Drilling. The Asia-Pacific enteral feeding market is expected to have the highest growth rate of 6.9% from 2016 to 2023 due to the existence of high uncovered medical needs along with fast-growing patient awareness in conjunction with early disease diagnosis and rising health care spending in countries such as How India and China .
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Market competition review :
The global enteral feeding market is oligopolistic in nature with four major players such as Abbott Nutrition, Nestle, Danone and Fresenius accounting more than 70% market share by revenue. Abbott Nutrition dominated the market in terms of sales in 2015. Other key players in this market include Kimberly Clark Corporation, Conmed Corporation, Covidien Plc, Cook Medical, Amsino International Inc., Boston Scientific Corporation, Moog Inc. and others. In order to consolidate its position and gain market share, it is expected that the key market players will carry out a series of mergers and acquisitions in the near future.
Major market moves :
Growing base of geriatric population coupled with the presence of high prevalence rates of chronic diseases enteral feeding two of the main drivers of growth in this market
Enteral feeding equipment manufacturers invest highly in the research and development of technologically improved equipment
The high prevalence of premature Above all, in emerging markets such as India and China, the market growth of enteral feeding equipment for newborn and premature babies segment is expected to be used.
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