Enteral Feeding Devices Market is expected to reach $2,846.7 Million, By 2020

PORTLAND, Ore. - Dec. 2, 2016 - PRLog -- The Enteral Feeding Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $2,846.7 Million by 2020, registering 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.

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.

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.

Key Findings of Enteral Feeding Devices Market:

· 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.

https://www.alliedmarketresearch.com/enteral-feeding-devices-market