Market World Enteral Feeding Devices Market Growth

Enteral Feeding Devices Market Growth Prospect, Overview,
Trends and Size by Value Forecasts To 2020
“The Global Enteral Feeding Market size is expected to grow at a CAGR of 6.0%
over the forecast period. Growing prevalence of chronic diseases such as
cancer, diabetes, gastrointestinal, and neurological disorders, rising geriatric
population, and increasing number of preterm births are the key factors
owing to higher adoption of enteral feeding devices.”
Industry Insights
The Global Enteral Feeding Market size was estimated at USD 1.8 billion in 2013 and is expected to grow at a
CAGR of 6.0% over the forecast period. Growing prevalence of chronic diseases such as cancer, diabetes,
gastrointestinal, and neurological disorders, rising geriatric population, and increasing number of preterm births
are the key factors owing to higher adoption of enteral feeding devices. Introduction of technologically
advanced products and increase in awareness about enteral nutrition is also driving demand for such devices.
For instance, introduction of new product designs such as tri funnel replacements J-tube and G-tube and reserve
balloon designs. In 2015, Halyard Health launched MIC PEG enteral feeding tube kit. Increasing acquisitions and
distribution agreements is also one of the key attributes anticipated to drive enteral feeding devices market. In
2014, Medela acquired enteral feeding assets of Acacia, Inc. involved in marketing a line of neonatal feeding
devices.
The expansion of homecare nutrition market and the advantages of enteral nutrition over the parental nutrition
is also propelling the market growth. With growing age, the chance of a patient’s predisposition towards
Parkinson’s diseases and other neurological disorders increases, and thus is expected to drive the demand for
these devices.
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