Eternal Feeding Devices Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development
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.
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.
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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.
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