Global Enteral Feeding Formulas Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Enteral Feeding Formulas Market” is an upcoming market research report by MarketResearch.biz. Data and information on the global enteral feeding formulas market including market growth opportunities, competitive landscape, details of key players, and recent developments in the global market are included. The global enteral feeding formulas market research report is segmented on the basis of product, application, end-use, stage, and regions/countries.
The delivery of nutritional supplementation to the stomach or gastrointestinal tract with the help of a feeding tube is known as gavage or enteral feeding. This is usually administered to patients who are unable to swallow safely. There are various types for enteral feeding tubes such as an oral tube, a nasal tube, an esophagostomy tube, etc. These enteral feeding tubes are made up of PVC, polyurethane, or silicon. Enteral pump, giving set, administration reservoir (bottle, feed bag, etc.), and syringes are the other equipment used for enteral feeding. Enteral feeding formulas are classified into peptide formulas (semi-elemental), standard (polymeric) formula, modular formula, and disease-specific formula.
The demand for products that cater to patients with oral intake issues has been increasing due to a surging prevalence of different chronic diseases including stroke, cancer, dementia, multiple sclerosis, Chronic Obstructive Pulmonary Disease (COPD), chronic liver diseases, and diabetes. According to Cancer Research U.K, in 2018, around 17 million new cases of cancer were reported around the globe. Increasing preterm births is a factor that is expected to propel the demand for sip feeds to meet the nutritional requirements of new-born infants. According to the Centre for Disease Control and Prevention (CDC), 1 in every 10 new-borns is affected by preterm birth in the US. The anticipated surge of severe micronutrient deficiency, particularly in pregnant women and infants, is expected to increase the demand for these products over the next ten years. Another key factor expected to fuel market growth is the rise in the number of new product launches by manufacturers. These new formulas contain a variety of ingredients such as proteins, real food, minerals, vitamins, and other ingredients. The mushrooming of nursing care centers and home health agencies are also playing a major role in increasing the demand for these products as these facilities support patients in post-surgery recovery scenarios. These centers also support a large number of aged individuals that may have difficulty swallowing. Demand for feeding tubes has been increasing due to product innovations, which, in turn, is expected to contribute to the growth of the global enteral feeding formulas market over the coming years. However, several risks related to the use of feeding tubes such as abdominal distention, blockages, bleeding, vomiting, nausea, and infections are projected to restrain the growth of the global enteral feeding formulas market. Continuous innovations and new product launches are expected to create growth opportunities for key market players over the foreseeable future.
Global Enteral Feeding Formulas Market Segment Analysis:
By Product: The standard segment continues to account for the highest revenue share in the global enteral feeding formulas market when compared to the disease-specific segment. This can be attributed to the increasing deficiency of macro and micro-nutrients among non-diet-affected hospital patients.
By Application: With respect to application segmentation, the oncology segment currently accounts for the highest revenue share, and is expected to continue to do so over the forecast period. This can be attributed to a rise in the number of patients that suffer from diseases that affect the head and neck as such patients may have difficulty swallowing food.
Global Enteral Feeding Formulas Market Regional Analysis:
The enteral feeding formulas market in North America is projected to account for the highest revenue share over the next ten years. The increase of this market’s footprint in the region can be owed to the rising burden of different chronic diseases including cancer, diabetes, and other neurological conditions. Moreover, favorable reimbursement plans, the increasing number of home healthcare centers, and the rise in the number of awareness programs by governments to promote tube feeding are contributing to market growth in the region.
Global Enteral Feeding Formulas Market Segmentation:
- Critical Care
- Home Care
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Nestlé S.A.
- Fresenius Kabi AG
- Danone S.A.
- Victus Inc.
- Abbott Laboratories
- Meiji Holdings Co. Ltd.
- Global Health Product Inc.
- Mead Johnson Nutrition Company
- Braun Melsungen AG
- Hormel Foods LLC
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