Demand for enteral feeding to grow
YARMOUTH, Maine – The global market for enteral feeding devices is expected to reach $2.45 billion by 2018 up from $1.64 billion in 2011, according to a new report released Aug. 18 by Transparency Market Research. Enteral feeding pumps accounted for 61% of total revenues in 2011 and are expected to grow at a CAGR of 6.1% from 2011 to 2018. North America and Europe are the biggest markets, accounting for 67% of total revenues in 2012. Dominant players in the market include Abbott Nutrition, Danone and Fresenius-Kabi, according to the report.