PORTLAND, Oregon, September 14, 2015 /PRNewswire/ --
A new study by Allied Market Research, titled, "World Enteral Feeding Devices - Market Opportunity and Forecast, 2014-2020," suggests that the global enteral feeding devices market is expected to register a CAGR of 5.6% during the forecast period (2015-2020). Enteral feeding tube segment would continue to dominate the market throughout the forecast period. Constant technological innovations and emergence of low profile (close to skin) tubes and gastrostomy buttons are the prime growth factors for enteral feeding tube market, the study suggests.
To know more about the report, visit the website at https://www.alliedmarketresearch.com/enteral-feeding-devices-market
Enteral feeding is a method of delivering nutrition or medications directly inside the stomach or intestine, and is usually recommended for patients suffering from chronic illnesses such as head & neck cancer, dementia and stroke. Increasing incidence of cancer and neurological diseases, growing awareness of enteral feeding and rising adoption of home and hospital enteral feeding devices would considerably drive the market growth.
In 2014, neurological application was the leading segment in the enteral feeding application market mainly due to the established use of enteral feeding devices in CNS and mental health disorders. However, by 2020, cancer is expected to takeover neurological application owing to increasing adoption of enteral nutrition among cancer patients and faster rise in cancer patients.
Home enteral feeding devices market segment would exhibit the highest growth during the forecast period owing to emergence of ambulatory and portable enteral feeding devices and reduced overall cost of home enteral care. Based on the age group of patients, pediatric enteral feeding devices market is expected to witness the highest growth due to high prevalence of malnutrition among children and development of convenient equipment designs for children.
Key findings of the study:
- The enteral feeding supplies and disposables collectively dominated the overall enteral feeding devices market in 2014 due to recurring sales of disposables such as giving sets and enteral syringes
- Cancer application would exhibit a CAGR of 6.3% over the forecast period - highest among all segments
- Hospital was the leading end-user market segment in 2014
- Adult enteral feeding device segment is projected to grow at a CAGR of 5.4% during 2015-2020
North America held a dominant position in the enteral feeding device market in 2014, and is expected to maintain its lead throughout the forecast period. This is mainly due to high per capita spending on clinical nutrition, and well established reimbursement scenario. Europe is the second leading geography due to increasing popularity of enteral feeding among adults and pediatrics and high clinical spending in countries such as Spain, France, Germany and United Kingdom. However, the Asia-Pacific region is estimated to register the fastest growth due to growing awareness of enteral nutrition and increasing disposable income in countries like China and India.
The key companies profiled in this report include, Medtronic plc, Fresenius SE & Co. KGaA, Halyard Health, Inc., Boston Scientific Corporation, Danone, Nestlé S.A., Moog, Inc., B. Braun Melsungen AG, C. R. Bard, Inc. and CONMED Corporation.
Similar Market Studies Published by Allied Market Research -
World Capsule Endoscopy System Market - The capsule endoscopy system has emerged as an effective management and diagnosis technique for GI diseases such as Crohn's disease, colorectal cancer, obscure gastrointestinal bleeding, polyposis syndromes and small bowel tumors. The global capsule endoscopy market was $178.8 million in 2014 and is expected to grow at a CAGR of 14.8% during the forecast period.
To know more about the world capsule endoscopy system market report, visit the website at https://www.alliedmarketresearch.com/capsule-endoscopy-system-market
World Smart Pills Technology Market - Collaborations between research institutions and companies, licensing agreements & partnerships amongst companies and augmented R&D investment on smart pills are some of the other factors boosting the market growth. Despite several advantages, factors such as high costs, limited technical know-how and low patient confidence are likely to restrain the growth of the market.
To know more about the world smart pills technology market report, visit the website at https://www.alliedmarketresearch.com/Smart-pills-technology-market
World Continuous Glucose Monitoring Systems Market - The global CGMS market is forecast to reach $2.9 billion by 2021 registering a CAGR of 31.4% over the forecast period. The pipeline of high-tech CGMS devices, such as smartphone-connected CGMS, wearable and smartphone-connected CGMS, non-invasive CGMS and 'smart' diabetes management solution (also called artificial/bionic pancreas), would result in larger adoption of CGMS among endocrinologists and patients.
To know more about the world continuous glucose monitoring systems market report, visit the website at https://www.alliedmarketresearch.com/global-continuous-glucose-monitoring-system-market
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Int'l: +1 (503) 505-6949
Toll Free: + 1-800-792-5285 (U.S. & Canada)
SOURCE Allied Market Research