PRN: Enteral Feeding Devices Industry is Expected to Reach USD 2,447.6 Million Globally in 2018: Transparency Market Research
Enteral Feeding Devices Industry is Expected to Reach USD 2,447.6 Million Globally in 2018: Transparency Market Research
ALBANY, New York, July 17, 2012 /PRNewswire/ --
According to a latest market research report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Enteral Feeding Devices Market - Global Industry Size, Market Share, Trends Analysis, and Forecasts, 2012 - 2018", global enteral feeding devices market was worth USD 1,641.7 million in 2011 and is expected to reach USD 2,447.6 Million in 2018, growing at a CAGR 5.9% from 2011 to 2018. In the overall global market, European region is expected to maintain its lead position in terms of revenue till 2018. Europe is expected to enjoy 34.6% of global enteral feeding devices market revenue share in 2018 followed by North America.
Browse the full report atÂ http://www.transparencymarketresearch.com/enteral-feeding-devices-market.htmlÂ
Aging population, especially in North America and Europe, coupled with the cost benefits of home enteral nutrition compared to hospitalization is expected to fuel the demand for enteral feeding devices for the next five years. The global enteral feeding devices market is expected to grow at a CAGR of 5.9% from 2011 to 2018. The market is dominated by enteral feeding pumps, which are generally the most expensive items of the setup, accounting for 61% of the total market revenues in 2011. Enteral feeding pumps are also the fastest growing device type and are expected to grow at a CAGR of 6.1% from 2011 to 2018. The demand for low profile gastrostomy and nasogastric tube is expected to grow at a CAGR of 5.5% and 5.4% respectively for the same time period.
In terms of geography, North America and Europe dominate the market, accounting for 67% of total market revenues in 2012, although, in terms of growth, Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 6.5% from 2011 to 2018.
This detailed report categorizes enteral feeding devices market into following product categories and sub categories:
The geographies covered in this report include
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