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European IV Therapy and Enteral Nutrition Devices Markets
Frost & Sullivan, Sep 2009, Pages: 79
This research service examines the European IV therapy and enteral nutrition devices market in terms of the challenges faced by market participants, drivers, and restraints in the industry, the market share analysis, the revenue forecasts and growth rates.
This Frost & Sullivan research service titled European IV Therapy and Enteral Nutrition Devices Market provides market drivers and restraints along with revenue forecasts and market share analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following segments: catheters, infusion pumps, administration sets, feeding tubes and feeding pumps.
Market Overview
European IV Therapy and Enteral Nutrition Devices Market Presents Highly Dynamic Environment
The European IV therapy and enteral nutrition devices market currently offers a highly dynamic and lucrative environment. Advances in pharmacology and a wider range of blood products have substantially increased the number of possible drug therapies, which can be used with IV therapy devices. At the same time, developments in biotechnology are rapidly expanding the range of available blood products. “IV therapy devices companies are increasingly focussing on developing computer-aided design for their products, resulting in improved and more efficient coordination of procedures,” notes the analyst of this research. “Technological advances will not only make the procedures safer but also smarter and more efficient for both IV therapy and enteral nutrition devices.”
IV therapy can be administered at home for patients who do not necessarily need hospital care. European hospitals have recently enforced strict regulations which have resulted in the introduction of diagnostic related groups (DRGs). This approach focusses solely on downsizing and reducing the time spent by patients in hospitals. This trend has significantly raised the value of homecare in Europe. In a parallel development, it is now proven that IV therapy can be delivered safely and effectively in patients' homes. Homecare provides greater independence for patients along with cost saving benefits, ensuring a win-win situation.
Medical Devices Market Flexes its Muscle, Growth Set to Continue
A majority of the European IV therapy and enteral nutrition devices market is held by a few tier-one and tier-two participants. This highly concentrated market implies intense competition. Accordingly, market entry is difficult. This acts as a major restraint as potential participants are being driven out of the market. The end results are market stagnation and dynamism. “The declining prices of IV therapy and enteral devices are chiefly due to bulk purchases and tenders,” adds the analyst. “Often manufacturers bundle together products which results in slashing of prices.” It is not always possible for smaller companies to reduce their prices and hence, might lead to further market consolidation.
The medical devices sector has been on a bull run for the past few years, matching, if not frequently, exceeding growth expectations. Medical device companies grew their aggregate top line at an annual rate of 11.0 per cent. In the context of higher-end medical devices (which contribute substantially towards the total market revenue), physician’s ability to perform certain procedures is often linked to the device itself. Most of these devices are used in high-acuity setting and hence cannot be ignored. “Companies that manufacture devices to treat life-threatening conditions will continue to be immune to the recent economic tensions,” concludes the analyst. “Currently, the underlying demand for medical devices will lead to a comparatively smooth business cycle and the market will, in all probability, continue its strong lead.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following product segments in this research:
- Catheters
- Infusion pumps
- Administration sets
- Feeding tubes
- Feeding pumps
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