This market research report includes a detailed segmentation of the global enteral feeding devices market by product type (enteral feeding pumps, gastrostomy feeding tubes, low-profile gastrostomy devices, nasogastric tubes, and others). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Cook Medical, Fresenius, Medtronic (Covidien), and Moog Medical Devices.
Technavio’s market research analysts estimate the global enteral feeding devices market, to grow at a CAGR of 6% between 2016 and 2020. Enteral feeding has more benefits than parenteral nutrition because of the efficiency and cost-effectiveness of enteral devices. Rise in premature births has driven the need for enteral feeding devices such as enteral feeding tubes that provide premature babies with sufficient nutrients for growth and development. The Americas is the dominating region in the global enteral feeding devices market, accounting for 40% of the overall market share. The prevalence of gastrointestinal infection in the region has increased the adoption of enteral feeding.
The new market research report from Technavio provides a breakdown and analysis of the enteral feeding devices segments by technology.
“Increased adoption of low-profile feeding tubes is the latest trend gaining prominence in this market. Low-profile feeding tubes helps patients in direct feeding through abdomen to the stomach, and are secured through tapes to prevent accidental removals of the tubes. Currently, low-profile feeding tubes have been replacing standard gastrostomy tubes for providing enteral nutrition. For instance, Fidmi Medical’s low-profile enteral feeding device eliminates the need for frequent tube replacements and maintains tube patency during treatment, which helps improve patient satisfaction and reduces hospitalization costs,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The enteral feeding pumps product segment dominated the market during 2015, with a market share of over 61%. Increasing aging population, rising number of premature infants in critical care, cost benefits of enteral nutrition for patients at home as compared to hospitalization, technological advances, as well as design innovation of these devices are the primary factors driving this product segment.
The leading vendors in the global enteral feeding devices market include Cook Medical, Fresenius, Medtronic (Covidien), and Moog Medical Devices. At present, the major vendors dominate the market because of a wide product portfolio and long-term relationships with key customer segments such as hospitals and ambulatory surgical centers. The competition among these vendors is increasing, resulting in geographical expansions. Therefore, vendors are concentrating on expanding their business in APAC because of high growth potential in the region.
A more detailed analysis is available in the Technavio report, Global Enteral Feeding Devices Market 2016-2020.
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