New report published by QY Research which offers insights on the global Enteral Nutrition market. The Enteral Nutrition market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Enteral Nutrition is expected to reflect a 1.8x increase in the revenue growth. In 2017 the global Enteral Nutrition market was valued at US$ 5,235 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 9,590 Mn growing at a value CAGR of 7.86% throughout the period of forecast.
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Global Enteral Nutrition Market: Market Driver and Restraint
Enteral nutrition is administration of drugs or food through the gastrointestinal tract using feeding tubes. It is prescribed to patients who are unable to consume food or take sufficient nutrients orally due to difficulty in swallowing or surgery but has a functional gastrointestinal tract. The enteral nutrients are administered directly into the stomach, duodenum, or jejunum of a patient via enteral pumps and enteral feeding tubes generally, in an operation theatre (OT), intensive care unit (ICU), and critical care unit (CCU), and even at home for critically ill patients. Enteral nutrients are prescribed to patients suffering from chronic illness such as malnutrition, gastrointestinal disorder, cancer, and others.
Rise in prevalence of chronic disorders such as cancer and neurological disorders is key factor driving the growth of the enteral nutrition market. In addition, increase in geriatric population and surge in malnutrition cases have fueled the demand for enteral feeding tubes. Over the years, enteral nutrition has been gaining widespread acceptance, owing to enhancement in techniques, configurations, and ingredients. In addition, low cost and complications associated with enteral nutrition supplement the growth of the enteral nutrition market. However, stringent governmental regulations and inadvertent dislodgment of tubes that could lead to accidental disabilities and death have hampered the market growth. Conversely, development of new technologically advanced products and high market potential in untapped emerging economies are expected to provide lucrative opportunities for the market players in future.
Global Enteral Nutrition Market: Forecast by Type
Based on form, the global enteral nutrition market is segregated into powder and liquid. Powdered enteral nutrition is a packaging form in which the enteral formulae comes in solid composition, which needs to be stored in a cool place, away from moisture. The liquid form of enteral nutrition is a ready-to-use, instant feeding formulae, which are available in prefilled ready-to-hang (RTH) containers and cans specifically designed for tube feeding.
Global Enteral Nutrition Market: Forecast by Application
On the basis of distribution channel, the market is categorized into hospital sales, retail, and online. Initially, hospital supply and retail were the preferred sources for procuring enteral nutrition products. However, increasing penetration of the internet has increased the demand for online distribution channels in the recent years.
Global Enteral Nutrition Market: Forecast by Region
North America constituted the highest share in the global enteral feeding devices market, followed by Europe. This is attributed to numerous developments by the key players operating in North America related to enteral nutrition. Asia-Pacific is projected to grow at the highest CAGR, owing to increase in the number of product launches, high demand for enteral nutrition, and increase in awareness toward newly developed enteral feeding & nutrition.
Global Enteral Nutrition Market: Key Players
Abbott Laboratories, Nestlé S.A., Danone SA, Fresenius Kabi AG, Mead Johnson Nutrition Company, B. Braun Melsungen AG, Global Health Products, Inc., Meiji Holdings Co., Ltd., Victus, Inc., and Hormel Foods Corporation are the key vendors included in this report.
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