Global Enteral Feeding Formulas Market —
Enteral feeding formulas are dietary substitute supplements that aid the body's nutritive and metabolic processes in order to sustain a healthy weight and strength in accordance with an individual's general health status. In hospitals and long-term care homes, these formulations are widely used. The rising incidences of chronic disorders and diseases, healthcare spending, rapidly growing geriatric population, the demand for home care, and the prevalence of preterm births are driving the global enteral feeding formulas industry. Other reasons, such as enteral eating difficulties, the incidence of drug errors and feeding, and patient safety concerns, are likely to limit the global enteral feeding formulas market's expansion.
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The growing numbers of chronic disorders such as stroke, cancer, multiple sclerosis, chronic liver disease, hypertension, diabetes, and COPD are expected to boost demand for drugs that help patients with oral intake issues. Furthermore, the increasing range of COVID-19 cases in different regions as well as the large geriatric population which is susceptible to a variety of health problems is contributing to the market's growth. According to a report published in Europe PMC in 2020, for COVID-19 patients hospitalized to ICUs, enteral feeding is typically favored over parenteral nutrition. It should also be delivered within 48 hours of entry. As a result, such occurrences point to a rise in the use of enteral feeding formulas after the pandemic.
Geographically, the enteral feeding formulas market in Europe, as well as North America, is expanding at a rapid pace, owing to rising geriatric populations, rising chronic illness and disability incidences, rising healthcare spending, and rising demand for home care in these geographical regions. On the other hand, the Asia-Pacific region is predicted to be the fastest-growing region for enteral feeding formulas. The demand in China, Japan, and India is expected to increase dramatically over the projected period due to the existence of a huge patient pool for chronic diseases, increasingly rising healthcare spending, rapidly expanding healthcare facilities, increasing per capita income, growing middle-class population, and rising population in many countries.
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The homecare sector has the highest sales share in the industry, leading to an increase in the number of patients receiving home enteral feeding as a result of increased understanding of the importance of a well-balanced diet. Global players use new product releases, extensions, alliances, deals, cooperation, and acquisitions as primary growth tactics to retain their market shares. New product releases and expansions were the most important tactics used by the global industry players in 2015.
Key players operating in the global enteral feeding formulas market include Nestle Health Science, Danone Nutricia, Abbott Nutrition, Primus Pharmaceuticals, Inc., Mead Johnson & Company, LLC, Fresenius Kabi AG, Meiji Holdings Co., Ltd., and Victus among others.
Key Segments of the Global Enteral Feeding Formulas Market
Product Type Overview, 2018-2028 (USD Million)
• Standard Formula
• Disease-Specific Formula
Indication Type Overview, 2018-2028 (USD Million)
• Nutrition Deficiency
• Cancer Care
• Chronic Kidney Diseases
• Orphan Diseases
• Pain Management
• Malabsorption/GI Disorder/Diarrhea
Flow Type Overview, 2018-2028 (USD Million)
• Intermittent Feeding Flow
• Continuous Feeding Flow
Stage Overview, 2018-2028 (USD Million)
End-Users Overview, 2018-2028 (USD Million)
o Critical Care (ICU)
• Home Care
Regional Overview, 2018-2028 (USD Million)
• North America
o United Kingdom
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
o Rest of Latin America
• Middle East & Africa
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