Enteral Feeding Formulas Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Enteral Feeding Formulas Market: Snapshot
Enteral feeding implies a direct method of artificially inserting nutrients and supplements into the GI tract. All forms of tube feeding methods, including gastronomy, nasojejunal, nasogastric, and orogastric, are considered to be a part of enteral feeding methods. In most circumstances, children are in a greater need of enteral feeding due to several medical issues that render them to ingest foods in a natural manner. These reasons can include impaired swallowing, structural anomalies or abnormalities in the mouth or the esophagus, anorexia or other eating disorders, chronic illnesses, primary disease management, growth in overall bodily nutrient needs, or congenital abnormalities. Enteral feeding essentially stents the esophagus, allowing the administration of foods, nutrients, and supplements to the stomach by bypassing the mouth and the esophagus. Conversely, it also allows for a free passage for draining the contents in a stomach should the need arise.
Enteral feeding is a growing requirement among the rising geriatric population, and a lot of players providing enteral feeding formulas are accepting this change in order to grow in profitability. The number of elderly patients requiring enteral feeding has grown considerably over the recent past. Their nutritional requirements are different from the conventional formulas intended for children, which allows enteral feeding formulas for adults to be an entirely different market segment from the formulas used to feed children. Various types of enteral feeding formulas are being commercially sold across key regions, which include isolated nutrient sources, formulas for diabetics, and formulas high in fiber.
Global Enteral Feeding Formulas Market: Overview
Enteral feeding gets the required nutrition containing carbohydrate, protein, fat, water, minerals, carbohydrate, and vitamins, directly to the stomach. In many cases, proper nutrition is not supplied to the body due to various reasons, here enteral feeding formulas plays a crucial role.
On the basis of products, the market can be classified into standard and disease-specific formulas. By stage, the global enteral feeding formulas market can be segmented into adults and pediatrics. In terms of application, the market can be divided into neurology, oncology, gastroenterology, diabetes, critical care, and other applications. Based on end user, the market can be categorized into hospitals and long-term care facilities. Long-term care facilities can be further segmented into nursing homes, homecare agencies, and assisted living facilities
The report offers a comprehensive overview of various factors contributing to the expansion of the global enteral feeding formulas market. It also provides insights into challenges that the market could face over the forecast period. The prevailing trends in overall market operations are also studied in the report in detail.
Global Enteral Feeding Formulas Market: Trends and Prospects
The growth of the global enteral feeding formulas market is driven by factors such as growing geriatric population, increase in various chronic diseases, and overall increase in healthcare expenditure.
In terms of product, the standard formulas segment held a large market share, and this segment is expected to grow in the forecast period as it is known to offer a complete and balanced nutrition. The specialized formulae segment is projected to grow faster in the said period due to the high demand for these products used by patients who face difficulty in digestion of complex proteins.
Based on stage, the adults market segment is expected to account for large share of the said market. Escalating large base of geriatric population in developed economies is one of the key reasons for high demand.
By application, the oncology segment is expected to largely contribute to the market. Due to due to high prevalence of malnutrition among the cancer patients, this segment will continue to lead in the years ahead. Hospitals, the end user segment of the market held a major share of the market. Vast use of inpatient services, such as surgical intervention, extended post-surgery stays, and intensive care are some of the key factors supplementing the growth of this segment.
Global Enteral Feeding Formulas Market: Regional Analysis
Geographically, the global enteral feeding formulas market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. Among the mentioned regions, North America is expected to lead the pack. Due to escalating rate of chronic diseases, large pool of geriatric population, coupled with large availability of home care service providers, this region is likely to continue contributing to the market growth over the forecast period.
Another promising regional market for feeding formulas is Asia Pacific. It is projected to account for a large market share during the said period. With rise in economic development of countries such as India, China, Philippines, and Indonesia, the per capita healthcare expenditure has also seen a tremendous increment. Numerous WHO and UNICEF initiatives to lower malnourishment, coupled with growth of medical tourism and better healthcare infrastructure have supplemented the growth of the market.
Global Enteral Feeding Formulas Market: Competitive Landscape
Some of the leading players in the global enteral feeding formulas market are Abbott Corporation, Global Health Products, Inc., Fresenius Kabi AG, Victus Mead Johnson & Company, LLC, Danone S.A, Hormel Food Corporation, Nestle S.A, B. Braun Melsungen AG, and Meiji Holdings Co.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
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Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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