DUBLIN, June 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Enteral Feeding Devices Market by Product (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), Stage (Adult, Pediatrics), Application (Oncology, Gastroenterology, Neurology), End User (Hospital, Ambulatory Care) - Global Forecast to 2021" report to their offering.
The enteral feeding devices market is valued at USD 2.1 Billion in 2016 and is expected to grow at a CAGR of 5.5% during the forecast period of 2016 to 2021.
Rising geriatric population; growing prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, neurological disorders, and hypermetabolism; and increasing number of preterm births are expected to fuel the growth of this market in the coming years. Several manufacturers in the enteral feeding devices industry are increasingly adopting patient safety techniques, such as unique connection systems, to avoid misconnection of feeding tubes.
These players also have a major focus on user friendly features, such as portable feeding pumps, programming options, programmable flushing intervals, multiple languages, occlusion pressure alarm options, history of previous feed rates, and screen and program lock-out features to prevent manipulation. This trend is expected to promote the greater uptake of technologically advanced enteral feeding devices in the global clinical nutrition industry.
The global enteral feeding devices market is segmented based on product type, stage, end user, and application. Based on product type, the enteral feeding devices market is segmented into enteral feeding pumps, enteral feeding tubes, administration reservoirs, giving sets, and enteral syringes. The enteral feeding tubes market covers nasoenteric feeding tubes, oroenteric feeding tubes, and enterostomy tubes.
North America is the largest market for enteral feeding devices, followed by Europe, Asia-Pacific, and Rest of the world. However, Asia-Pacific and Latin America possess lucrative growth potential for the enteral feeding devices market during the forecast period. This is mainly attributed to the presence of an extensive customer base in these regions as a result of the rising geriatric population and rising prevalence of chronic diseases and disorders.
The global enteral feeding devices market is consolidated at the top with the top five companies accounting for more than 50% of the global market.
The major players in the enteral feeding devices market include
- Abbott Laboratories
- B. Braun Melsungen Ag
- Boston Scientific Corporation
- C. R. Bard, Inc.
- Conmed Corporation
- Cook Medical, Inc.
- Fresenius Se & Co. Kgaa
- Halyard Health, Inc.
- Medtronic PLC - Moog, Inc.
- Nestlé S.A.
For more information visit http://www.researchandmarkets.com/research/n7hspb/enteral_feeding
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SOURCE Research and Markets