The Phase 1 Feasibility Study has allowed Fidmi to enhance their knowledge of the existing technologies and competition, assess the feeding device market size, customer segments, the existing medical device regulations and standards, as well as to establish the sound clinical trial plan. After talking with the physicians, Fidmi understood that offering GFeed together with the feeding accessories (long disposable tube, gastric-J disposable tube, stomach decompression disposable tube) they will ease the market entrance.
The GFeed technology, with its competitive advantages, puts Fidmi in a strong position as the current devices have a high possibility of dislodgement (13%), clog (45%) and it’s painful to place, replace and remove. It is crucial that Fidmi advances its current technology and commercial readiness levels to experience significant growth and development in the following years.
The Feasibility Study also showed that the GFeed device will have a rapid market penetration and will reach a BEP in the first year.