Enteral Feeding Devices Market is poised to exceed USD 3.5 billion by 2024 says latest analysis study by Global Market Insights, Inc. supported trade segments covering merchandise (Giving Set, Enteral Feeding Pump, transdermal examination surgical process Devices, Low Profile surgical process Devices, Nasogastric Tube, surgical process Tube), End-use (Hospitals, Homecare.
Sellbyville, DE -- (SBWIRE) -- 04/04/2019 -- Enteral Feeding Devices Market size is ready to exceed USD 3.5 billion by 2024; according to a new research report by Global Market Insights.
Growing burden of channel diseases and cancer can impact trade growth absolutely within the forthcoming years. largely the geriatric population suffers from channel diseases like irritable viscus syndrome, and reflux illness that escalates the demand for enteral feeding devices impacting enteral feeding devices trade growth absolutely over forthcoming years. Moreover, in India, once a year around zero.7 million girls get diagnosed with cancer which will increase the demand for enteral feeding devices in future.
Enteral feeding devices market growth ought to be additional driven by technological advancements incorporated at intervals enteral feeding devices. jury-rigged quality of enteral devices and innovations can increase its adoption rate among the developed countries like United Kingdom and Federal Republic of Germany having high per capita financial gain thereby augmenting business growth. However, difficulties associated with enteral feeding devices could restrain the market growth in future.
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Nasogastric tube phase was valued at USD 240.5 million in 2017 due to the high preference of nasogastric tubes for brief term tube fed enteral nutrition. Home enteral nutrition sector growth, growing range of accident cases whereby patients need organic process offer for brief term can drive nasogastric tube segmental growth over the forecast amount.
Hospitals phase of enteral feeding devices market can grow at six.0% over the forecast timeframe. High adoption rate by hospitals for enteral feeding devices can drive the segmental growth. Also, increasing range of in-patient surgeries can absolutely impact the business growth. in keeping with The datum Portal, in 2016, there have been around five,534 hospitals and also the increasing prevalence of chronic disorders ought to impel the segmental growth.
U.S. enteral feeding devices market accounted for eighty one.0% regional revenue share in 2017. Rising incidence of chronic diseases and technological advancement can augment adoption rate of enteral feeding devices thereby, ought to boost trade growth over the calculable timeframe.
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India enteral feeding devices trade can grow at seven.1% over the approaching years and this will be accounted to many factors together with growing geriatric population, rising prevalence of chronic diseases and hunger problems in underneath developed cities. In India, there are around a hundred ninety.7 million folks that suffer from deficiency disease thereby, ought to propel enteral feeding devices market growth.
Some of the outstanding trade players actively producing enteral feeding devices embody ALCOR Scientific, Abbott Nutrition, Amsino International, Applied Medical Technologies, Baxter International, B. Braun Melsungen, Becton Dickinson, Hub of the Universe Scientific, Cardinal Health, Cook Medical, ConMed, Danone, Degania polymer, Fresenius Kabi, rope Health, Moog, Nestle, and Vygon.
Key trade players will focus their efforts on R&D and adopt strategic initiatives which will facilitate them to take care of their complete and market share. as an example, in Gregorian calendar month 2014, Vygon given its product MIC and MIC-key introducer kit for enteral feeding over typical practices that has developed its product portfolio rendering it with competitive advantage.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Enteral feeding devices industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product type trends
2.1.3. End-use trends
2.1.4. Regional trends
Chapter 3. Enteral Feeding Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing geriatric population base in Europe
3.3.1.2. Growing prevalence of chronic diseases in Europe and Africa
3.3.1.3. Technological advancements in enteral feeding devices in North America
3.3.1.4. Growing demand for neonatal and preterm enteral feeding in UK and Asia Pacific
3.3.2. Industry pitfalls and challenges
3.3.2.1. Complications associated with the small-bore connectors
3.3.2.2. Risks associated with enteral feeding
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By end-use
3.5. Regulatory landscape
3.5.1. Europe
3.6. Reimbursement scenario
3.7. Technology landscape
3.8. Competitive landscape, 2017
3.8.1. Company market share analysis
3.9. Strategy dashboard
3.10. Porter's analysis
3.11. PESTEL analysis