Brazil, Argentina and Mexico: Growth centers for enteral feeding devices market
According to a report published by Report Buyer, Latin American markets are lucrative options having a huge growth potential due to a big customer base and increasing cases of chronic diseases and disorders. Brazil, Argentina and Mexico are the main enteral feeding devices markets of Latin America. The global enteral feeding devices market is estimated to grow at a CAGR of 5.2% over 2014-2019. The factors contributing to the growth of the market include: increasing geriatric population, increasing cases of chronic diseases such as diabetes, cancer, gastrointestinal diseases, neurological disorders, psychiatrics, hyper metabolism, and a rising number of preterm births. The market is divided into enteral feeding pumps, enteral feeding tubes, administration reservoirs, giving sets, and enteral syringes based on the types of products. It is segmented into oncology, gastroenterology, diabetes, neurological disorders, hyper metabolism, and others based on applications. North America, with a market share of 38% of the global market, is a major market for enteral feeding devices followed by Europe, Asia-Pacific, and the rest of the world. The major market players are Fresenius, Covidien, Abbott, Halyard Health, B. Braun, Boston Scientific, C.R. Bard, Cook Medical, ConMed Corporation, Vygon, and Moog.
(Image Courtesy: NUTRICIA)
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