Enteral Feeding Devices Industry is Expected to Reach USD 2,447.6 Million Globally in 2018: Transparency Market Research
ALBANY, New York, July 17, 2012 /PRNewswire/ --
According to a latest market research report published by Transparency Market Research (http://www.transparencymarketresearch.com) "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.
Browse the full report at http://www.transparencymarketresearch.com/enteral-feeding-devices-market.html
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 setup, 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.
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.
This detailed report categorizes enteral feeding devices market into following product categories and sub categories:
- Enteral Feeding Pumps
- Low Profile Gastrostomy
- PEG (Percutaneous Endoscopic Gastrostomy Kit)
- Nasogastric Tube
- Gastrostomy Tube
- Giving Set
The geographies covered in this report include
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Related & Recently Published Reports by Transparency Market Research
Specialty Surfactants Industry
Nutraceutical Ingredients Market
Browse all Medical DevicesMarket Research Reports
Upcoming Reports in Medical Devices Market
Clinical Laboratory Services Market
Remote Patient Monitoring Devices Market
Renal Denervation Devices Market
Congestive Heart Failure Treatment Devices Market
In Vitro Toxicity Testing Market
Electrophysiology (EP) Devices Market
Sterilization Equipment Market
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog:http://blog.transparencymarketresearch.com/
Share this article