LONDON, July 13, 2015 /PRNewswire/ -- The global enteral feeding devices market is expected to grow at a healthy CAGR of 5.2% during the forecast period of 2014 to 2019. Factors such as rising aging population, growing prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, neurological disorders, psychiatrics, hypermetabolism, and increasing number of preterm births are expected to fuel the growth of the global enteral feeding devices market during the forecast period. 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 and user-friendly techniques 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. These are expected to promote greater uptake of technologically advanced enteral feeding devices in the global clinical nutrition industry.
The global enteral feeding devices market is segmented on the basis of products, stages, end users, and applications. Based on products, 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. The nasoenteric feeding tubes market is further segmented into nasogastric feeding tubes, nasoduodenal feeding tubes, and nasojejunal feeding tubes. Standard tubes and low-profile tubes are two types of enterostomy tubes. On the basis of stages, the enteral feeding devices market is classified into adults and pediatrics. On the basis of end users, the market is classified into hospitals and ambulatory care settings. By application, the market is divided into oncology, gastroenterology, diabetes, neurological disorders, hypermetabolism, and others. On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (Latin America and Middle East and Africa).
North America is the major market for enteral feeding devices, accounting for around 38% of the global market, followed by Europe, Asia-Pacific, and Rest of the World. Asia-Pacific and Latin America possess lucrative growth potential for this market mainly due to the extensive customer base in these regions and the rising prevalence of chronic diseases and disorders. The growth in these markets is likely to be centered on India, China, South Korea, Singapore, Brazil, Argentina, and Mexico.
The global enteral feeding devices market is consolidated in nature with the top five companies accounting for around 50% of the global market. The major players in this market include Fresenius SE & Co. KGaA (Germany), Covidien PLC (Ireland), Abbott Laboratories (U.S.), Halyard Health, Inc. (U.S.), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), C. R. Bard, Inc. (U.S.), Cook Medical (U.S.), ConMed Corporation (U.S.), Vygon SA (France), and Moog, Inc. (U.S.). Some of the other players in this market are Applied Medical Technology, Inc. (U.S.), Danone Group (France), Nestlé S.A (Switzerland), Amsino International Inc. (U.S.), and CORPAK MedSystems, Inc. (U.S.).
Reasons to Buy the Report
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help the firms to garner a greater market share. Firms purchasing this report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the enteral feeding devices market. The report analyzes the enteral feeding devices market by product, stage, end user, application, and region (covering North America, Europe, APAC, and RoW)
- Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the enteral feeding devices market
- Market Development: Comprehensive information on the lucrative emerging markets for enteral feeding devices by product, stage, application, and end user
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the enteral feeding devices market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, manufacturing capabilities, and SWOT analyses of the leading players in the enteral feeding devices market
Download the full report: https://www.reportbuyer.com/product/2834733/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers