Enteral Feeding Formulas Market - Global Industry Analysis

Enteral Feeding Formulas Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Healthcare Report Format : PDF Report Code: ZMR-6105 Status : Upcoming

Description

Global Enteral Feeding Formulas Market: Overview

Enteral feeding is the process of food intake through the gastrointestinal tract. Enteral feeding formulas are the nutrient-rich liquid formula that flows gently through a tube into the intestine or stomach.  It plays a vital role when a person is unable to digest or eat food normally. Similar to regular food, enteral feeding formulas provide calories and essential nutrients including vitamins, fats, carbohydrates, and proteins to help maintain the nutritional value.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Enteral Feeding Formulas Market: Growth Factors

The global enteral feeding formulas market is growing at a rapid rate. The rise in prevalence of chronic diseases & disorders, rise in the incidence of preterm births, and growing geriatric population are some of the prominent factors that are fostering the growth of the global market. Further, as per the key facts published by WHO, the proportion of the world’s population over 60 years between 2015 and 2050 is expected to double from 12 percent to 22 percent. The world’s population aged 60 years and older is estimated to reach 2 billion by 2050. With the rising geriatric population, there is rise in chronic disorders including chronic obstructive pulmonary disease, chronic liver disease, cancer, and many more that leads to the inability of the patients to consume food orally. These factors may result in malnourishment and the patient may suffer from pressure injuries, poor healing, and emaciation. To overcome all these situations, there is rise in use of enteral feeding formulas to fulfill the nutritional requirement of the patient's need for speedy recovery. This is propelling the growth of the global enteral feeding formulas market. Moreover, growing preference of enteral feeding formula over parenteral nutrition, growing demand for home care, availability of disease-specific & standard formulas as per the patient requirement, and innovative product launches by the market players are also some of the key aspects that are spurring the growth of the market. Furthermore, technological advancements and increase in R&D activities for the development of novel products including ready-to-use and ready-to-drink nutritional supplements are estimated to gain lucrative opportunities for the growth of the global enteral feeding formulas market over the forecast period. However, risk associated with the complications of enteral feeding such as agitation, insertion site infection, re-feeding syndrome, tube malpositioning or dislodgment, and aspiration may hamper the growth of the global enteral feeding formulas market.

Covid-19 is a rapidly spreading infectious disease leading to a prolonged serious illness or death in some of the subsets of patients. With substantial rise in the Covid-19 cases and deaths, in modern history, it has led to public health crisis. Nutritional support and assessment of these critically ill patients have become a challenge for the healthcare sector. In ICU, malnutrition is associated with poor outcomes due to prolonged ventilator dependence and increased hospital stay. Thus, people affected with Covid-19 are at a high risk of malnutrition and re-feeding on hospital presentation as it results in high rate of acute respiratory distress syndrome and acute lung injury (ALI). Thus, to overcome this, there is rise in adoption of enteral feeding formulas which in turn is boosting the growth of the global enteral feeding formulas market during the pandemic.

Global Enteral Feeding Formulas Market: Segmentation

The global enteral feeding formulas market is fragmented based on stage, flow type, product, indication, end-user, and region. Based on the stage, the global enteral feeding formulas market is divided into pediatric and adult. Based on the flow type, the global market is split into continuous feeding flow and intermittent feeding flow. The product segment is categorized into disease-specific formula and standard formula. The indication segment comprises malabsorption/GI disorder/diarrhea, chronic kidney diseases, cancer care, nutrition deficiency, Alzheimer’s, diabetes, and others. Based on the end-user, the market is classified by home care and hospitals.

Global Enteral Feeding Formulas Market: Regional Analysis

North America is predicted to account for the major share in the global enteral feeding formulas market during the forecast period. Factors such as growing prevalence of chronic diseases and rise in demand for home care for enteral therapy are the chief factors that are augmenting the growth of the market in this region. The market in Asia Pacific is expected to grow rapidly owing to large number of cases of preterm births & malnutrition and rise in healthcare expenditure.

Global Enteral Feeding Formulas Market: Competitive Players

Abbott, Primus Pharmaceuticals, Inc., Nestle, Danone SA, Rickett Benckiser Group Plc., Meiji Holdings. Co., Ltd., Victus, Inc., Mead Johnson Nutrition Company, Fresenius Kabi, and B. Braun Melsungen AG are some of the major players in the global enteral feeding formulas market.

Global Enteral Feeding Formulas Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global enteral feeding formulas market is growing at a rapid rate. The rise in prevalence of chronic diseases & disorders, rise in the incidence of preterm births, and growing geriatric population are some of the prominent factors that are fostering the growth of the global market. Furthermore, technological advancements and increase in R&D activities for the development of novel products including ready-to-use and ready-to-drink nutritional supplements are estimated to gain lucrative opportunities for the growth of the global enteral feeding formulas market over the forecast period.

Abbott, Primus Pharmaceuticals, Inc., Nestle, Danone SA, Rickett Benckiser Group Plc., Meiji Holdings. Co., Ltd., Victus, Inc., Mead Johnson Nutrition Company, Fresenius Kabi, and B. Braun Melsungen AG are some of the major players in the global enteral feeding formulas market.

North America is predicted to account for the major share in the global enteral feeding formulas market during the forecast period. Factors such as growing prevalence of chronic diseases and rise in demand for home care for enteral therapy are the chief factors that are augmenting the growth of the market in this region.

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