Growing Geriatric Population to Boost Global Enteric Feeding Devices Market to US$3.1 bn by 2019: Transparency Market Research

Dec 03, 2015, 10:30 ET from Transparency Market Research Pvt. Ltd

ALBANY, New York, December 3, 2015 /PRNewswire/ --

The global enteric feeding devices market is progressing at a CAGR of 6.2% between 2013 and 2019, according to a new market research report. The market was valued at US$2 bn in 2012 and is expected to reach US$3.1 bn by the end of 2019, assuming the given estimated growth rate stays consistent. The report is released by Transparency Market Research. The report, titled "Enteral Feeding Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 ", briefs its user on the nuances that influence the global enteric feeding devices market in order to draw a close estimate of the market's forecast.

Browse the full Enteral Feeding Devices Market (Enteral Feeding Tubes, Enteral Feeding Pumps, Administration Reservoir, Giving Sets and Enteral Syringes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/enteral-feeding-devices-market.html

According to the report, the global enteric feeding devices market is primarily driven by the increasing population of the elderly, who will require enteric feeding during GI illnesses or surgeries. The report also states that the cost of enteral feeding will be lower than the overall hospitalization cost, therefore creating a more beneficial financial scenario for the patient. The global enteric feeding devices market will also grow significantly due to the growing number of patients afflicted by chronic diseases, including cancers, GI disorders, and many types of neurological disorders. An additional driver for the global enteric feeding devices market is the increasing demand for reconstructive surgeries, where enteral feeding is required over longer periods.

Get Sample Report Copy of Enteral Feeding Devices Market: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=323

For the sake of better understanding of the global enteric feeding devices market, the findings in the report are divided according to enteral feeding device type, the age groups that require enteral feeding, and the major regional markets. According to a TMR analyst, "the global enteric feeding devices market in 2011 was led by enteric feeding pumps, in terms of products. The segment held about 61% of the global enteric feeding devices market, owing to the fact that they are an integral part of an enteric feeding system as well as the most expensive component of the system."

Browse Press Release of Enteral Feeding Devices Market: http://www.transparencymarketresearch.com/pressrelease/enteral-feeding-devices-market.htm

The report adds that enteric feeding pumps are expected to be the fastest growing segment of the global enteric feeding devices market till 2019, observing a CAGR of 6.1% within the report's forecast period.Low-profile gastronomy tubes, a specific type of enteric feeding tube, is a sub-segment expected to display a 5.5% CAGR between 2013 and 2019.From a geographical perspective, the report notes Europe and North America as the dominant regions in the global enteric feeding devices market, with a collective 67% share in the market being recorded in 2012. The report, however, states that the fastest growth rate in the given forecast period will be displayed by Asia Pacific.

Other Reports by Transparency Market Research:

•    Global Breast Pumps Market to Grow at 8.8% CAGR between 2014 and 2020: http://www.transparencymarketresearch.com/pressrelease/breast-pumps-market.htm

•    Medical Specialty Bags Market to be Valued at US$7.6 Billion by 2020, Led by Increase in Number of Hospitals: http://www.transparencymarketresearch.com/pressrelease/medical-specialty-bags-market.htm

•    Enteral Nutrition Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020: http://www.transparencymarketresearch.com/enteral-nutrition-pumps-market.html

•    IV Therapy and Vein Access Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019: http://www.transparencymarketresearch.com/iv-therapy-vein-access-devices.html

The key players in the global enteric feeding devices market are Boston Scientific, Covidien plc., CONMED Corporation, Amsino International, Inc., Applied Medical Technology, Inc., Moog, Inc., and Kimberly-Clark.

Key segments of the Global Enteric Feeding Devices Market

Enteral Feeding Devices Market, by Product Types

•    Enteral Feeding Tubes

◦    Nasoentric Tubes

◦    Oroentric Tubes

◦    Enterostomy Tubes

▪    Gastrostomy Tubes

•    Percutaneous Endoscopic Gastrostomy (PEG)

•    Laproscopic Gastrostomy

•    Open Surgical Gastrostomy

▪    Jejunostomy Tubes

◦    Low Profile Gastrostomy Tubes

•    Enteral Feeding Pumps

•    Administration Reservoir

•    Giving Sets

•    Enteral Syringes

Enteral Feeding Devices Market, by Stages

•    Pediatrics

•    Adult

Enteral Feeding Devices Market, by Geography

•    North America

•    Europe

•    Asia-Pacific

•    Rest of the World (RoW)

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