Rising incidence of chronic diseases boosting growth in the enteral feeding devices market
Enteral Feeding Devices: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-16 06:07:18
Global market for Enteral Feeding Devices is projected to reach US$2.0 billion by 2018, driven by aging population, rising incidence of chronic diseases such as cancer and neurological disorders, and increasing use of these devices in home care settings.
Enteral nutrition therapy is extremely suitable for patients suffering from functional impairment of the gastrointestinal tract. These patients are dependent on artificial feeding techniques such as tube feeding to deliver specialized formulations to meet daily hydration and nutrition requirements of the body. Enteral nutrition therapy is being preferred over parenteral nutrition primarily due to cheaper costs, lower risk, and convenience offered by the modality. Enteral feeding devices market worldwide is driven by the mounting demand from ageing demographics in major markets such as the US, Japan and Europe accompanied by the increase in number of premature births.
Traditionally, enteral feeding devices were deemed suitable only for end-of-life applications. However, the convenience and higher efficiency rates associated with these devices led to its use in paediatric indications as well. Rising incidences of chronic disease such as cancer and neurological diseases, not only among the ageing demographics but also in the younger population have increased the need for reconstructive surgeries, chemotherapy and radiotherapy procedures, which in turn is expected to fuel demand for enteral feeding devices and products.
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