Enteral Feeding Devices Market to Reach $1,953.6 Million By 2019 as There are Stupendous Rise in Healthcare Expenditure - Reported MarketsandMarkets
(PRWEB) April 15, 2015 -- MarketsandMarkets expects the global Enteral Feeding Devices Market to witness steady growth by 2019. It also provides the details about the industry trends and growth drivers for the key players around the world.
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MarketsandMarkets expects the enteral feeding devices market to reach $1,953.6 million by 2019. It expects the industry to witness steady growth with the rising demand from around the world. Enteral feeding directly delivers the nutrients to the intestine of the patients through a feeding tube. This is an efficient and cost-effective method, which increases its applications around the world. According to the report, rising rate of adoption is expected to be a vital driving factor for this market during near future.
According to the report, rising number of ambulatory care settings and growth in the hospitals are expected to drive the demand in this market during the next few years. Rapidly advancing technologies are also expected to boost the demand for the established industry players. As per the report, user-friendly techniques and easy operability with portable pumps have increased the rise in the rate of adoption for the enteral feeding devices around the world.
The report expects lack of strong reimbursement programs in developing and underdeveloped countries and complications with the feeding tubes are expected to restraint the growth of this market over the next few years.
According to MarketsandMarkets, the global enteral feeding devices market is expected to grow at a steady CAGR of 5.2% from 2014 to reach $2,517.2 million by 2019. Based on geographic regions, North America is expected to dominate the global market. rapid technological advancements and adoption of innovative devices in North America and Europe are expected to create growth opportunities for these geographic regions.
However, the report also claims Asia Pacific to hold the trends for the future growth of the enteral feeding devices market. rising demand from different emerging countries and growth in the aging population are expected to create business opportunities across the countries from the Asia Pacific region. Continuous governmental efforts and technological advancements are also expected to provide growth for the market in Asia Pacific region.
The report profiles some of the key players in the enteral feeding devices market, whicn 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.). Other players include Applied Medical technology, Inc. (U.S.), Danone Group (France), Nestlé S.A. (Switzerland), Amsino International, Inc. (U.S.) and CORPAK MedSystems, Inc. (U.S.).
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