Global Enteral Feeding Bags Market 2016-2020
About Enteral Nutrition
Enteral nutrition is preferred over parenteral nutrition because it is cost-effective and is considered for malnourished patients who have a functional GI tract but have difficulty in swallowing food. Medical conditions that require enteral feeding include malnutrition, neurologic disorders, swallowing disorders, anatomical or post-surgical malformations of the mouth, eosinophilic disorders, cancer, and digestive disorders.
Technavio’s analysts forecast the global enteral feeding bags market to grow at a CAGR of 6.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global enteral feeding bags market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of enteral feeding bags.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Enteral Feeding Bags Market 2016-2020
Technavio recognizes the following companies as the key players in the global enteral feeding bags market: B. Braun Melsungen, Medline, Medtronic, and Vesco Medical.
Other Prominent Vendors in the market are: Adventa Health, Amsino Medical Products, Pacific Hospital Supply, REDA Instrumente, Romsons Scientific and Surgical Industries, Shanghai Metal, SURU International, Valmed, and Vygon.
Commenting on the report, an analyst from Technavio’s team said: “Growing demand for traceability will be a key trend for market growth. Product traceability systems are aimed to keep a record of the product flow, and keep a track of product attributes throughout the production process or logistics network. Since the manufacturing and distribution process of any medical product is complex, companies consider traceability systems as a best tool to solve all counterfeit- related challenges. Product traceability tools help companies make available reliable products to their consumers, thereby helping to reduce the counterfeiting of products in the market. In many countries such as the US and the UK, consumers are ready to pay a high amount for products with traceability certificates. Many recent technologies such as infrared, RFID, biometrics, and sensors have enabled traceability of products such as enteral feeding bags, thereby benefitting the market in the future.”
According to the report, increasing older adult population will be a key diver for market growth. According to the World Bank, between 2000 and 2050, the proportion of the world's people over 60 years will double from around 11% to 22%. The absolute number of people aged 60 years and above will increase from 605 million to 2 billion over the same period. Many in this population lose the ability to live independently because of physical or mental health problems such as limited mobility and frailty. Many require some form of long-term care, which can include long stays in hospitals, home nursing, assisted living, or community care.
Further, the report states that the labeling methods adopted by various companies manufacturing medical specialty bags such as enteral feeding bags are inadequate and pose serious challenges to the growth of the market. Unstructured and disparate product data available make the labeling process manual and tedious. The labeling departments of companies have to collect information from multiple sources, write copy, and validate the information before developing labeling artwork files. This requires a significant amount of time, labor, and budget. In addition, pharmaceutical companies need to generate XML-based submissions to adhere to the structured product labeling standards, which is a tedious process, resulting in delays in the delivery system.
B. Braun Melsungen, Medline, Medtronic, and Vesco Medical. Other Prominent Vendors in the market are: Adventa Health, Amsino Medical Products, Pacific Hospital Supply, REDA Instrumente, Romsons Scientific and Surgical Industries, Shanghai Metal, SURU International, Valmed, and Vygon.
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