Ambulatory Infusion Offerings Gain Ground for Emergency Applications in the Parenteral Feeding Devices Market: Fact.MR
Researchers in the parenteral feeding devices mare are leveraging developments into remote monitoring and therapy management technologies for long-term revenue streams.
Fact.MR, Rockville MD: An ongoing report on the parenteral feeding devices market published by market research firm Fact.MR has estimated a steady growth rate for the coming months through 2021. The covid-19 pandemic has increased the demand for parenteral nutrition options especially among patients with severe cases of the disease, where enteral nutrition is difficult. While the market will face challenges in supply chains owing to shortages of man power and raw materials, the market is likely to witness a sustained growth through 2021, as governments relax lockdown restrictions in the near future.
According to a report by the American College of Gastroenterology, parenteral nutrition options include long term options including tunneled Hickman catheters, peripherally inserted central catheters, and under skin port implants. Alternatively, short-term options include central venous catheters which are set at the hospital, and removed before discharge.
Home based applications for parenteral feeding devices can be designed for short- and long-term use. However, clinician expertise is often recommended to minimized risks of complications. Electrolyte disturbances are common issues that manufacturers can consider to expand device portfolios for potential use in home settings.
“Widespread prevalence of malnourished children, increasing numbers of premature births, high natality rates, and cancer awareness, is generating requirements for vital nutrient administration to boost energy, and hydration of patients, bolstering adoption rates by healthcare practitioners for treating geriatric patients with chronic ailments, which will drive the market through the coming decade,” comments a Fact.MR analyst.
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Key Takeaways from Fact.MR’s Parenteral Feeding Devices Market
- Lipid emulsion administration applications are witnessing a strong growth rate owing to applications in pain management procedures.
- Genetic and neonatal ailments supports adoption of parenteral feeding devices in children and newborns.
- United States holds majority market share rising awareness about chronic disease treatment options.
- China will reflect a faster rate of growth owing to a vast geriatric population and nutrient requirements for non-communicable diseases.
Parenteral Feeding Devices Market – Prominent Drivers
- Widespread prevalence of GI tract diseases in younger and geriatric demographics supports the use of parenteral feeding devices.
- Higher efficacy in terms of nutrient delivery is a key advantage that bolsters adoption rates.
- Improvements to compliance rates, and applications in aesthetic medical care procedures boost demand in the market.
Parenteral Feeding Devices Market – Key Restraints
- Healthcare complications associated with the disuse of gastrointestinal tracts with long term parenteral nutrition hurts market prospects.
- High costs and requirements for frequent patient monitoring is a challenge hindering market growth.
Discover more about the parenteral feeding devices market with figures data tables and table of contents. You can also find detailed market segmentation at https://www.factmr.com/report/3408/parenteral-feeding-devices-market
Major players in the parenteral feeding devices market include but are not limited to Amanta Healthcare, Micrel Medical Devices S.A., Baxter, Fresenius Kabi, B. Braun Melsungen AG, and Grifols S.A.
Leading players in the parenteral feeding devices market are engaged in strategies involving portfolio expansion, in addition to strategic mergers, acquisitions, and collaborations aimed towards knowledge and technology sharing objectives.
Inspiration Healthcare Group Plc for instance has announced the extension of its distribution agreements for its infusion devices with Mircel S.A., for operations in Ireland the UK.
In February 2021, BrainCool AB announced the receipt of the FDA approval for its new Cooral System to prevent oral mucositis including parenteral nutrition features.
In March 2021, the Parenteral Drug Association entered an agreement with the FDA’s Compounding Quality Center of Excellence for pharmaceutical compounders aimed towards the use of Good Manufacturing Practices in production.
More Insights on the Parenteral feeding devices Market
In its latest report, Fact.MR offers unbiased analysis of the global parenteral feeding devices market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (stationary infusion pumps, and ambulatory infusion pumps), application (ulcerative colitis, bowel obstruction, pediatric GI disorders, and short bowel syndrome from surgery), and end user (hospitals, clinics, ambulatory surgical centers, homecare settings, and elderly care settings) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa).
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