Enteral Feeding Devices Market size worth $3.5bn by 2024

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Enteral Feeding Devices Market size worth 3.5bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Enteral Feeding Devices Market

• Global enteral feeding devices market size is
  anticipated to reach USD 3.5 billion by 2024, up
  from USD 2.08 billion in 2015, and forecasted to
  grow at a CAGR of 6.1 from 2016 to 2024.
• Enteral feeding pumps grabbed the largest
  industry share with industry size of over USD 1.2
  billion in 2015.
• Europe was valued at USD 724.5 million in 2015,
  accounting for the majority regional share. The
  countries such as Germany and UK garnered a share
  of 28.6 and 21.7 in 2015 respectively.
• The industry has high entry barriers such as
  strict regulatory guidelines, high cost of
  product development, making the entry of new
  players difficult. Moreover, established players
  employ acquisition, and alliances strategies
  making it difficult for the new industry players
  to sustain.  

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Continued...

• China, and Japan drive the Asia Pacific industry
  due to presence of large geriatric patient pool,
  while LATAM was driven by Brazil and Mexico.
• The industry is oligopolistic in nature with few
  major players such as Nestle, Fresenius, Abbott
  Nutrition and Danone attributing to over 75 of
  industry revenue. Other key industry players
  Conmed Corporation, Covidien Plc, Boston
  Scientific Corporation, Cook Medical, Kimberly
  Clark Corporation, Amsino International Inc.,
  Moog Inc. and others.

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U.S. Enteral Feeding Devices Market size, by
Product, 2012- 2024 (USD Mn)

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360 Analysis

• Product Analysis
• Global enteral feeding pumps market size
  predominantly drives industry sales, along with
  nasogastric tubes, and percutaneous endoscopic
  gastrostomy devices, with over 62 in overall
  revenue in 2015. Growing global geriatric
  population base and increasing incidences of
  preterm births coupled with rising demand for
  enteral feeding pump has contributed to the
  highest revenue generation of the segment.
• Regional Analysis
• Europe enteral feeding devices market size
  generated 35 of global revenue in 2015, with
  regional sales set to cross USD 1 billion by
  2024. The largest revenue share should be
  attributed to the huge presence of geriatric
  population, highly-developed healthcare
  facilities, high patient awareness levels,
  healthcare expenditure and high RD efforts
  towards feeding devices discovery and
  development.
• Competitive Market Share
• Global enteral feeding devices market share shows
  presence of very few large players taking up more
  than 70 of global revenue in 2015, making it
  oligopolistic. Key industry players are seen to
  be competing on the basis of pricing strategies,
  product differentiation, and introduction of
  technologically innovative products in order to
  sustain market position.

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