The global market for enteral feeding devices is expected to reach USD 2,720.8 million by 2020, according to a new study by Grand View Research, Inc. Growing global base of geriatric population and increasing prevalence of chronic diseases such as diabetes mellitus and pre-term births are some key factors expected to drive market growth over the next six years. The introduction of cost effective, portable and technologically advanced products such as low profile gastrostomy devices is also expected to accelerate the market penetration rates of these devices in emerging Asia Pacific and Latin American markets. Furthermore, the establishment of initiatives such as Stay Connected 2014 aimed at elevating user and patient awareness levels and facilitating the use of safety measures in the enteral feeding process is expected to present significant growth opportunity for industry participants.
http://www.grandviewresearch.com/industry-analysis/enteral-feeding-devices-industry
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