ALBANY, New York, today announced that according to a new market report published by Transparency Market Research ( "Neonatal and Preterm Infants Enteral Feeding Devices Market - Global Industry Analysis, Size, Share and Forecast, 2012 - 2018," the global neonatal and preterm infants enteral feeding devices market revenue is estimated to reachedUSD 2.06 billion in 2013 and then reach USD 2.62 billion by 2018, growing at a CAGR of 4.9% from 2013 to 2018. The nasogastric tube market is expected to be the second largest revenue generating segment after enteral feeding pumps by 2018.
The global neonatal and preterm enteral feeding devices market has shown a healthy growth rate over the past few years and this trend is expected to continue till 2018 due to the increase in the number of preterm infants in critical care. Price still remains the major concern however; increases in demand of private healthcare along with technological advancement and rise in disposal family income overcomes this constraint and will drive the future growth of the market.
In 2011, the enteral feeding pumps market was the largest revenue generating segment, accounting for 59.0% of the total neonatal and preterm enteral feeding devices market revenue. The nasogastric tube market is the second largest revenue generating segment, accounting for 14.0% of the overall market, followed by PEG tube and gastrostomy tube segment in 2011.
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