Rising Number of Patients with Chronic Diseases Drive the Global Enteral Feeding Devices Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 25, 2015 -- Follow us on LinkedIn – Enteral nutrition is considered the first choice for patients with a functional gastrointestinal tract, but who are unable to obtain sufficient nutrition through the oral route. Patients unable to consume orally due to chronic illnesses must rely on enteral feeding devices for their nutritional needs. Enteral feeding devices, comprising flexible tubes and pumps, are directly inserted into a patient’s stomach or parts of the small intestine to provide the required nutrition, hydration and medication. Enteral feeding devices have been playing an important and beneficial role in patients suffering from medical conditions such as gastrointestinal diseases, hypermetabolism, AIDS, organ system failure, cancer, diabetes and neurological diseases among others. Growth in the enteral feeding devices market worldwide is driven by the rising need for enteral support among the elderly population, specifically in markets such as the United States, Japan and Europe, along with the rising number of premature births.
Enteral Feeding Pumps are witnessing strong growth, supported by improvements in design and technology of feeding pumps in tune with the evolving needs of patients and healthcare providers. Rising incidences of chronic disease such as cancer and neurological diseases, not only among the aging population but also among the younger population have increased the need for reconstructive surgeries, chemotherapy and radiotherapy procedures, thereby fuelling demand for enteral feeding devices and products. The market for enteral feeding devices is also being driven by increasing use of the devices in home care settings for patients with malnutrition or chronic illnesses such as cancer, diabetes, and AIDS. Technological advancements focused on the development of lighter and simpler enteral feeding devices such as tubes and pumps, and the rise in demand for such devices are anticipated to drive market growth over the coming years.
As stated by the new market research report on Enteral Feeding Devices, Europe represents the largest market worldwide, followed by the United States. Rising awareness about the advantages of enteral nutrition and the increase in the region’s geriatric population are contributing towards the demand growth in the region. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 7.5% over the analysis period. The region offers huge untapped potential for growth given the relatively low product penetration rates in countries such as India and China. Rising disposable incomes, increased spending on healthcare and improving standards of living represent key factors that are anticipated to fuel growth in developing markets of Asia-Pacific, Eastern Europe and Latin America.
Major players covered in the report include Amsino International Inc., Applied Medical Technology Inc., Boston Scientific Corporation, C. R. Bard Inc., Caesarea Medical Electronics Ltd., Cook Medical Inc., CONMED Corporation, CORPAK MedSystems Inc., Fresenius KABI AG, Halyard Health Inc., Medela AG, Medtronic plc, Moog Inc., Nestlé Health Science S.A, Nutricia Advanced Medical Nutrition, and VYGON SA, among others
The research report titled “Enteral Feeding Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections in US$ for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed include Feeding Pumps, Nasogastric Tubes, and Others.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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