Enteral Feeding Devices Market Share and size in India up to 2020

Industry Insights

The growing global geriatric population base clubbed with rising prevalence rate of chronic ailments such as severe pancreatitis, diabetes, and increasing incidence rate of premature babies are some growth drivers expected to influence enteral feeding devices market growth for coming six years. Aging is considered as the greatest risk factor for the development of chronic illnesses such as Parkinson and nervous disorders is also expected to serve this market as a impact rendering driver. Such patients severely suffer from restrictive food ingestion and energy restriction and need enteral feeding to survive. Moreover, growing geriatric population base in Asian countries with large untapped opportunities such as China and Japan, where estimates suggest that more than 20% of the population is over the age of 65 years, is expected to drive enteral feeding devices market growth at a CAGR of above 6.0% over the next six years.  Unmet needs and untapped opportunities in emerging economies such as China, India and Brazil are the expected future growth opportunities. Texture modified products as a part of technological advancement, to meet the individual needs of different patients related to portable pumps, disposable sets, stationary pumps, and accessories on the basis of portability, accuracy and cost effectiveness is also expected to be a high impact rendering driver to this market.

Access Full Report With TOC @ http://bit.ly/1wGcmR4

Product Insights

Enteral feeding pump emerged as overall leader of the market in terms of revenue share in 2013 at 61.5% majorly owing to their high usability rates in the developed economies like Western Europe and North America. Increasing worldwide geriatric population base and increasing incidences of preterm births coupled with rising demand for enteral feeding pump is expected to assist this market in increasing its share by 2020. However, nasogastric tubes followed the enteral feeding pumps segment to grab second highest market share of 10.8% in 2013.  Nasogastric tubes are used in nasogastric tubation. Technological advancements such as introduction of reverse balloon design, tri funnel replacement Gtube and J tube are also expected to regulate market growth for enteral feeding devices market.

Regional Insights

North America, Asia Pacific, Europe and RoW are the key regions of study in this report. In 2013   European market held the largest revenue share at over 35.0%. Increasing base of geriatric population in Western European territory, growing number of preterm birth and regulatory ISO small bore connector standardization are major drivers for this market. However, this market of Asia Pacific is expected to flourish at the lucrative CAGR of over 6.0% from 2013 to 2020 due to the growth favoring drivers such as the presence of high unfulfilled medical needs in emerging economies with rapid improvisation of healthcare facilities and healthcare expenditure is expected to outgrow Europe in terms of growth during the forecast period. The revenue share of Asia Pacific market (enteral feeding devices) is expected to increase from over 27.0% in 2013 to 28.0% in 2020. Additionally, growing population base (geriatric) in Japan is expected to heighten the demand for these devices in this region.

ABOUT US

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact us:

Michelle Thoras

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Blog: https://hexaresearch.wordpress.com/

Website: Hexa Research