Global Enteral Feeding Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2023

Global Enteral Feeding Devices Market is Expected to Reach USD 3,313.2 Mn by 2023.

The latest market report published by Credence Research, Inc. “Global Enteral Feeding Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2023,” the enteral feeding devices market was valued at USD 2,110.4 Mn in 2015, and is expected to reach USD 3,313.2 Mn by 2023, expanding at a CAGR of 5.8% from 2016 to 2023.

Browse the full report Enteral Feeding Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2023 report at http://www.credenceresearch.com/report/enteral-feeding-devices-market

Market Insights

Enteral feeding refers to the delivery of nutrients or medicine straight into the gastrointestinal tract through a feeding tube, either through the nose or directly into the stomach or small intestine. Enteral feeding is preferred in patients suffering from diseases such as oral cancer, gastrointestinal injuries and disorders etc. which makes them difficult to consume food normally. Medical practitioners suggest that, enteral feeding is necessary only when a patient’s nutritional needs cannot be met orally. The rising geriatric population base, mounting prevalence of diseases such as diabetes, diarrhea, chronic pancreatitis and other gastrointestinal diseases along with high incidences of premature births are some of the key factors assisting the growth of enteral feeding devices market throughout the forecast period.

Enteral feeding pumps dominated the overall market in terms of revenue share in 2015, due to high usage rates and market penetration observed in developed regions such as North America and Western Europe. In addition, this product segment is expected to grow at the fastest CAGR of 6.1% throughout the forecast period, due to rising demand for enteral feeding pumps and introduction of advanced devices in countries with high unmet medical needs, and developing healthcare infrastructure...