The global enteral feeding devices market is expected to reach $2.5 billion by 2019, according to a report by MarketsandMarkets.
Here are six key trends:
• The market value was estimated at $1.9 billion in 2014.
• It is expected to grow at a compound annual growth rate of 5.2 percent from 2014 to 2019.
• Technological advances, such as such as programming and safety features in feeding pumps, and portable feeding pumps are expected to drive the adoption of enteral feeding devices.
• However, insufficient reimbursement in developing countries and the complications associated with enteral feeding tubes may restrain the growth of this market.
• In 2013, North America accounted for the largest share of the market.
• Major players in the market include Covidien, Abbott Laboratories and Halyard Health.