Enteral nutrition refers to the delivery of a nutritionally complete feed containing protein, carbohydrates, fat, vitamins, minerals, and water directly into the gastro-intestinal tract via a tube. It is mostly used for patients who are unable to consume food orally or receive full nutrition from diet due to acute illnesses, chronic conditions, or surgery. The enteral nutrition market has been witnessing significant growth over the years due to the increasing prevalence of chronic diseases such as cancer, gastrointestinal disorders, neurological disorders among others.
The Global Enteral Nutrition Market is estimated to be valued at US$ 3.1 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the enteral nutrition are Abbott, Nestlé S.A., Danone S.A., Fresenius Kabi AG, Mead Johnson & Company, LLC, Braun Melsungen AG, Otsuka Pharmaceutical Co., Ltd, Meiji Holdings Co., Ltd., Bahrain Pharma, Bionova Lifesciences, Global Health Products Inc., Victus Inc., Curtis Health Caps SP.
The key opportunities in the enteral nutrition market include growing demand for home enteral nutrition, rising use of enteral feeding pumps and feeding tubes, and increasing awareness about clinical nutrition.
Globally, the market is expanding owing to rapidly aging population, increasing preference for home-based enteral feeding, rising awareness about clinical nutrition, and growing need to manage healthcare costs by reducing hospital stays.
Market Drivers
One of the major drivers for the enteral nutrition market is the rising prevalence of chronic diseases such as cancer, gastrointestinal disorders and neurological disorders. According to WHO, cancer is the second leading cause of death globally and was responsible for nearly 10 million deaths in 2020. Also, diseases such as digestive ulcers or Crohn's disease often require enteral feeding support. Further, the market is also driven by growing geriatric population who are more prone to chronic diseases and require nutritional support. According to UN report, the population aged 60 years and above is expected to double by 2050.
PEST Analysis
Political: The market is influenced by regulations around healthcare and medical device standards. Product approvals are required from regulatory bodies.
Economic: Changes in disposable income can influence demand for these products. The rising healthcare costs also drive the need for cost-effective nutrition products.
Social: With growing chronic disease prevalence and aging populations, demand is rising for nutritional support products. Convenience and mobility are important social factors.
Technological: Advancements in formulations help provide targeted and complete nutrition. Connected devices also enable remote monitoring of nutrition intake and health status.
The regions accounting for the highest value share in the enteral nutrition market are currently North America and Europe owing to advanced healthcare systems in countries like the US and Germany. However, Asia Pacific is emerging as the fastest growing regional market due to rising incomes, healthcare investments and growing medical tourism in countries such as China, India and others.
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