Companiesandmarkets.com

Europe and the US to drive growth in the enteral feeding devices market

Press release   •   Aug 22, 2013 14:57 BST

The enteral feeding devices market has been forecast to increase at a compound annual growth rate (CAGR) of 6.23% through 2016, driven by the increasing number of preterm births, and the increasing use of low-profile feeding tubes.

While adoption of premium-priced products will drive the enteral feeding device market, factors such as lower reimbursement and tighter cost controls will continue to shape device usage patterns and purchasing decisions in the US and European markets.

A strong trend in both the US and European markets is the continued uptake of low-profile feeding tubes, replacing standard G-tubes in patients seeking enhanced mobility. Low-profile tubes provide feed to patients directly through the abdomen to the stomach.

They terminate at skin level, are more easily hidden and incur fewer accidental removals than G-tubes, with their longer length of exposed tubing.

One of the main drivers in this market is the increase in rate of premature births. Preterm infants are not able to control and coordinate sucking, swallowing or breathing thus, generating the need for enteral feeding devices to provide them with sufficient nutritional requirements for growth and development.

Additionally, the aging population, especially in North America and Europe, coupled with the cost benefits of home enteral nutrition compared to hospitalisation is expected to fuel the demand for enteral feeding devices for the next five years.

In the global market, the European region is expected to maintain its leading position in terms of revenue till 2018. Europe is expected to enjoy a 34.6% share of the global enteral feeding devices market in 2018, followed by North America.

The market is dominated by enteral feeding pumps, which are generally the most expensive items of the setup, accounting for 61% of the total market revenues. Enteral feeding pumps are also the fastest growing device type and are expected to grow at a CAGR of 6.1% from 2011 to 2018.

Kimberly Clark's popular MIC-KEY low-profile feeding tube has helped it to successfully gain market share in both the US and European enteral feeding device markets.

Additional companies currently operating in the enteral feeding devices market include Abbott Laboratories, Covidienplc, Fresenius Kabi AG, and Moog Inc.

For more information on the enteral feeding devices market, see the latest research: Enteral Feeding Devices Market

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.