Latin America has lucrative growth prospective for the enteral feeding devices market
According to the market research report published by report buyer, the global enteral feeding devices market is expected to reach USD 2.80 billion over 2016–2021 by growing at a CAGR of 5.5%. Currently, North America is leading the market followed by Europe, Asia-Pacific, and rest of the world. Asia-Pacific and Latin America have lucrative growth prospects for the market. Among the key factors driving the growth of the market are aging population; rising prevalence of chronic diseases such as diabetes, cancer, and gastrointestinal diseases; neurological disorders; and increase in preterm births. Availability of technologically advanced and user-friendly devices is also adding to the market growth. Overall, the market is consolidated and the top five companies account for over 50% of the global market. The key players of the market are Fresenius, Boston Scientific, Halyard Health, Medtronic, B. Braun, C.R. Bard, Cook Medical, ConMed, Abbott Laboratories, and Moog.
(Image Courtesy: Vitality)