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The global eternal feeding devices market is growing significantly due to shift from parental nutrition to eternal feeding devices, rigorous research and development, and boosting homecare market in the industry. Massive unexplored market in eternal feeding devices industry of developing economies are creating plenty opportunities for the eternal feeding devices market to grow at a considerable rate during the forecasted years. The advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the eternal feeding devices industry.
Emphasis on improving technology in order to increase safety and alliance with healthcare professionals and centers to expand business are the current trends of the global eternal feeding devices market. Eternal feeding is used to directly deliver medications or nutrition’s into the stomach or intestine of an elderly or a bed ridden patient suffering from chronic diseases, such as neurological disorders, and gastro intestinal diseases.
The eternal feeding devices market is categorized on the basis of product type, end users, and application. On the basis of product type, the market is categorized as giving sets, enteral feeding pumps, enteral syringes, administration reservoirs, and eternal feeding tubes. While the enteral feeding pumps lead the market, but the administration reservoirs and giving sets segments are expected to witness significant growth in the coming years due to growing adoption of enteral feeding as a cost-effective alternative.
Eternal feeding tubes further include nasoenteric tubes, low profile gastrostomy tubes, enterostomy tubes and oroentric tubes. On the basis of application, the market can be segmented as hypermetabolism, diabetes, neurology, oncology, gastroenterology, and others. Moreover, on the basis of end users, the market can be segmented as hospitals, ambulatory care and others.
Some of the factors driving the growth of the global eternal feeding devices market are boosting prevalence of chronic diseases (such as diabetes neurological disorders and cancer), rise in geriatric population, and increasing incidence of preterm births. In addition, growing awareness about eternal feeding, technological advancement and increasing healthcare spending are some of the factors fuelling the growth of the global eternal feeding market. However, complications associated with eternal feeding tubes (such as infection, misconnections and tube dislodgement) and patient safety risk led by medication errors are some of the factors restraining the growth of the eternal feeding devices market to some extent. Further, insufficient reimbursement in developing economies and stringent regulatory requirements are inhibiting the growth of global eternal feeding devices.
Geographically, North America will be leading the global eternal feeding devices market followed by Europe in the coming years due to adoption of safe and innovative eternal feeding devices, and rise in aging population. Asia-Pacific is the fastest growing region in the global eternal feeding devices market. The major reasons for the fastest growth of eternal feeding devices market in the region are increasing healthcare expenditure, improving healthcare infrastructure, huge pool of patients, increasing cases of preterm birth and increasing prevalence of chronic diseases in the region. Moreover, the eternal feeding devices market is growing due to increasing awareness of diabetes in the emerging countries, such as India and China, of Asia-Pacific region.
Some of the companies operating in the global eternal feeding devices market are Abbott Laboratories, Boston Scientific Corporation, Cook Medical, Inc., B. Braun Melsungen AG, Fresenius SE & Co. KGAA, Halyard Health, Inc., Covidien PLC, Moog, Inc., C.R. Bard, Inc., Vygon Group, and ConMed Corporation.