Market World Enteral Feeding Devices Market Growth | Page 2

According to the United Nations World Ageing Population 2015 report, it was estimated that between 2015 and
2030, the number of people aged 60 years and above will grow by 56 percent, from 901 million to 1.4 billion
and by 2050, the number is estimated to double its size, reaching about 2.1 billion. The growing demand for
comfort during hospitalization is another factor expected to boost up the demand of feeding devices in the
market. However, stringent reimbursement policies and complications associated with the use of these devices
may hinder the further growth in the market.
Product Insights
Based on the product types, the market is segmented as enteral feeding pumps, giving sets, gastrostomy tubes,
percutaneous endoscopic gastrostomy devices, low profile gastrostomy devices, and nasogastric tubes. In 2013,
enteral feeding pumps segment held the largest market share of about 61.5% owing to its increased adoption
in North America and Europe. Technological advancements focused on the development of simpler and lighter
enteral devices is anticipated to drive demand for enteral tubes and pumps market in the coming years. The
nasogastric tube market was another major segment in terms of revenue with a global share of USD 10.8% in
2013. These tubes are the used for enteral feeding or nutrition via the nasal route.
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Regional Insight
Europe dominated the market with the maximum share of 34.9% in 2013. Some of the key factors attributing
to the market growth include increasing ageing population, growing incidences of pre-term birth, sophisticated
healthcare infrastructure, rising R&D activities and implementation of favorable regulations. Asia pacific region
is expected to be the fastest growing segment with a CAGR of 6.7% over the forecast period. The region offers
huge untapped potential due to low product penetration rate, unmet medical needs, and increasing healthcare
expenditure. Emerging economies like India, China and Brazil grows significantly with rising population, growing
incidences of chronic diseases, and improving healthcare infrastructure is one of the crucial factors anticipated
to boost demand for such devices.
Competitive Insights
Some of the key participants of enteral feeding device market include, Abbott; Nestle; Danone, Inc.; Fresenius
SE & Co. KGaA; Kimberly-Clark Corporation; Boston Scientific Corporation; Conmed Corporation; Moog, Inc.;
Covidien Plc.; Cook Medical and Amsino International Inc. and others.