The growth of the market is driven by the higher prevalence of chronic diseases such as cancer, dementia, liver disease, diabetes and chronic pulmonary obstructive disease (COPD).
Market Size – USD 5.11 Billion in 2018, Market Growth - CAGR of 7.5%, Market Trends – Higher prevalence of chronic diseases such as cancer, dementia, liver disease, diabetes and chronic pulmonary obstructive disease (COPD).
The Enteral Feeding Formulas Market is forecasted to grow from USD 5.11 Billion in 2018 to USD 9.43 Billion by 2026, at a CAGR of 7.5%, during the forecast period. The market is primarily driven by the growing geriatric population, chronic diseases, and premature births, high spending on health care and high demand for home care.
Increase in patients suffering from cardiovascular diseases, cancer and diabetes, the leading disease-causing death, has driven the enteral formula market. Continuous clinical trials show the growth of new developments in products. Another key factor that positively impacts the growth of tube feeds is the increasing number of new product launches.
The enteral tube feeding is used for the administration of nutrients through the intestine or the stomach through the tubes and this applies to those patients who are unable to meet the nutrient requirements or are unable to orally consume nutrients. Various types of tubes, such as nasojejunal tube, nasogastric tube, gastrostomy and jejunostomy, are available for enteral formula feeding.
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Further key findings from the report suggest
- The Enteral Feeding Formulas Market is forecasted to grow from USD 5.11 Billion in 2018 to USD 9.43 Billion by 2026, at a CAGR of 7.5%, during the forecast period. The market is primarily driven by the growing geriatric population, chronic diseases, and premature births, high spending on health care and high demand for home care.
- Based on application, oncology dominated the market in 2018 with more than 38% market share. It is expected to grow the largest at USD 3.68 Billion in 2026, at a CAGR of 7.9% during the forecast period. The increasing incidence of cancer of the head and neck contributes to its increased revenue share due to the swallowing difficulties faced by these patients. In patients with head and neck cancer, significant weight loss is reported, which in turn drives demand for tube feeds. Nearly 40-50% of patients with head and neck cancer suffered from malnutrition before starting treatment.
- The market for adults is expected to grow the largest at USD 7.26 Billion in 2026, at a CAGR of 8.8% during the forecast period. One of the crucial factors driving growth is increased adoption of tube feeds among adults. Moreover, the commercial availability of adults for a large number of tube feeds also contributes to its increased share of revenue.
- The market for standard formula is expected to grow the largest at USD 6.23 Billion in 2026, at a CAGR of 8% during the forecast period. Growing micro and macro-nutrient deficiency among hospital patients during both pre and post-surgery stimulates their demand. These tube feeds commonly contain proteins and polysaccharides for patients with no difficulty digesting and absorbing nutrients. The availability of wide range of standard formulas in combination with increased demand for low-cost nutrient formulations drives their growth
- The market for North America is expected to reach USD 3.39 Billion in 2026, at a CAGR of 7.9% during the forecast period. Growing chronic disease burden like diabetes, cancer, and other neurological conditions are driving their regional demand. Nearly 34 million Americans suffered from diabetes in 2018. Favorable reimbursement scenario encourages patients to adopt tube feeds as enteral nutrition is covered by claims of Medicare.
- The report provides a complete analysis of the global Enteral Feeding Formulas market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.
The key companies profiled in the market are:
Kabi AG (Germany), Victus Inc. (US), B. Braun Melsungen AG (Germany), Global Health Product Inc. (US), Abbott Laboratories (US), Nestle (Switzerland), Danone S.A. (France), Mead Johnson Nutrition Company (US), Hormel Foods, LLC (US), Meiji Holdings Co., Ltd. (Japan) and others.
For the purpose of this study, Reports and Data have segmented the market on the basis of type, form, age, application, flavor and regional analysis.
Type (Revenue, USD Million; 2016-2026)
- Standard Formula
- Specialty Formula
- Blenderized Formula
- Elemental Formula
- Semi-Elemental Formula
- Polymeric Formula
- Fiber Supplemented Formula
- Others
Age (Revenue, USD Million; 2016-2026)
- Adult
- Infants
Form (Revenue, USD Million; 2016-2026)
- Powder
- Liquid
- Others
Flavor (Revenue, USD Million; 2016-2026)
- Vanilla
- Strawberry
- Butter pecan
- Unflavored
Application (Revenue, USD Million; 2016-2026)
- Oncology
- Neurology
- Diabetes
- Critical care
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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Enteral Feeding Formulas market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
In-depth regional analysis covers:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- Rest of MEA
The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Enteral Feeding Formulas market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Enteral Feeding Formulas market size
2.2 Latest Enteral Feeding Formulas market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Enteral Feeding Formulas market key players
3.2 Global Enteral Feeding Formulas size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Enteral Feeding Formulas market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
About Reports and Data
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The Global Enteral Feeding Formulas Market research report offers accurate insights for the growth prospects of the Enteral Feeding Formulas market in the forecast years 2020-2027.
The report is an all-inclusive study of the Enteral Feeding Formulas market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the Enteral Feeding Formulas industry as global supply chains have been disrupted, and the financial scenario is tight.
The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1359Scope of the Market Report: The report offers a holistic overview of the Enteral Feeding Formulas industry that offers all the essential information.
Furthermore, the market is segmented into product types, applications, end-user industries, and regions.
The Global Enteral Feeding Formulas Market report encompasses vital information about the Enteral Feeding Formulas market that offers valuable insights about the dynamics of the Enteral Feeding Formulas market to the readers and businesses.
The report presents key statistical data about the Enteral Feeding Formulas market for the forecast timeline of 2020-2026, covering historical analysis, demands and supply dynamics, current and emerging trends, and revenue estimations.
The report consists of total market insight based on the company, major countries, and applications and types in the competitive market.
The report strives to provide an accurate estimation of the market trends for the Enteral Feeding Formulas market from the year 2020 to the year 2027.
The pandemic has affected the global economic scenario, and the report provides details about its impact on the overall industry.
The report also mentions the current and future impact of COVID-19 on the market.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1359The competitive scenario segment of the report focuses on company overview, total revenue, market potential, market share, growth rate, global presence, estimated revenue, products and services offered, and business strategies adopted.
