Enteral Feeding Devices Market Size, Share And Growth To 2020: Grand View Research, Inc

Enteral Feeding Devices Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts To 2020 by Grand View Research, Inc

The global market for enteral feeding devices is expected to reach USD 2,720.8 million by 2020, according to a new study by Grand View Research, Inc. Growing global base of geriatric population and increasing prevalence of chronic diseases such as diabetes mellitus and pre-term births are some key factors expected to drive market growth over the next six years.

The introduction of cost effective, portable and technologically advanced products such as low profile gastrostomy devices is also expected to accelerate the market penetration rates of these devices in emerging Asia Pacific and Latin American markets. Furthermore, the establishment of initiatives such as Stay Connected 2014 aimed at elevating user and patient awareness levels and facilitating the use of safety measures in the enteral feeding process is expected to present significant growth opportunity for industry participants.

Enteral feeding pumps dominated the overall market in terms of revenue share on account of their high market penetration and usage rates, with market revenue estimated at USD 1,115.3 million in 2013 and expected to grow at a CAGR of 6.4% from 2014 to 2020.

To request a sample copy or view summary of this report, click the link:
http://www.grandviewresearch.com/industry-analysis/enteral-feeding-devices-industry

Further key findings from the study suggest:
• Europe was the largest regional market, with estimated revenue of USD 634.2 million in 2013. The presence of high prevalence of diabetes mellitus and other chronic disorders affecting the gastrointestinal system and a large base of geriatric population in this region attributes to its large market share.
• North America followed Europe in terms of revenue share in 2013 at over 30.0%. High patient awareness levels, sophisticated healthcare infrastructure and high healthcare expenditures are some of the factors expected to serve this market as drivers.
• Asia Pacific enteral feeding devices market is expected to exhibit the highest CAGR over the next six years owing to attributes such as the presence of high unmet medical needs, constantly improving healthcare infrastructure and patient awareness levels in countries such as India and China. Its market is expected to grow at a CAGR of 6.7% from 2014 to 2020 to reach USD 770.6 million by 2020.

Web: http://www.grandviewresearch.com


Contact Details

Company Name: Grand View Research Inc
Issued By: Sherry James
Phone: 14153490058
Address: 28 2nd Street, Suite 3036 San Francisco, CA 94105 United States
City: San Francisco
State: California
Zip: 94105
Country: United States
Website: Visit the website

Keywords : #MedicalDevices, #MedicalEquipment, #MarketShare,

by Sherry James (few years ago!)

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