According to the report by Expert Market Research (EMR), the global enteral feeding formulas market size is projected to grow at a CAGR of 7.1% between 2024 and 2032. Aided by the escalating demand for specialised nutrition and the expansion of healthcare facilities globally, the market is expected to grow significantly by 2032.
Enteral feeding formulas are specialised nutritional solutions administered through the gastrointestinal tract via a tube, when oral intake is insufficient or impossible. These formulas are designed to meet the complete or supplemental nutritional needs of individuals unable to consume a regular diet. They are vital in clinical settings for patients with chronic illnesses, malnutrition, or those undergoing surgical procedures.
The enteral feeding formulas market growth is primarily driven by the rising prevalence of chronic diseases such as cancer, gastrointestinal disorders, and neurological conditions, which often necessitate enteral nutrition. Additionally, the aging global population, more prone to chronic conditions and requiring hospitalisation, significantly contributes to the demand for enteral feeding formulas.
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Technological advancements in enteral feeding devices and the development of more sophisticated and patient-friendly formulas enhance patient compliance and clinical outcomes, further propelling the enteral feeding formulas market demand. The growing awareness of the importance of clinical nutrition in patient recovery and the increasing adoption of home healthcare services are also notable factors driving the demand for enteral feeding formulas.
Regionally, the enteral feeding formulas market is experiencing substantial growth across various areas. North America holds a significant portion of the enteral feeding formulas market share, attributed to its advanced healthcare infrastructure and high prevalence of chronic diseases. Europe follows closely, with its focus on healthcare research and development. The Asia-Pacific region is also witnessing rapid growth due to its increasing healthcare spending and the growing prevalence of chronic diseases.
Looking forward, the market is set for continuous growth. The increasing focus on clinical nutrition, coupled with advancements in medical practices and the growing preference for home healthcare, is expected to drive the market forward. Additionally, the rising demand for disease-specific and standard enteral feeding formulas will continue to fuel the growth of this market.
Enteral Feeding Formulas Market Segmentation
The market can be divided based on product, flow type, stage, indication, end user, and region.
Market Breakup by Product
- Standard Formula
- Disease Specific Formula
Market Breakup by Flow Type
- Intermittent Feeding Flow
- Continuous Feeding Flow
Market Breakup by Stage
- Adults
- Paediatrics
Market Breakup by Indication
- Alzheimer’s
- Nutrition Deficiency
- Cancer Care
- Diabetes
- Chronic Kidney Diseases
- Orphan Diseases
- Dysphagia
- Pain Management
- Malabsorption/GI Disorder/Diarrhoea
- Others
Market Breakup by End User
- Hospitals
- Cardiology
- Neurology
- Critical Care (ICU)
- Oncology
- Others
- Home Care
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Enteral Feeding Formulas Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global enteral feeding formulas market. Some of the major players explored in the report by Expert Market Research are as follows:
- Danone S.A.
- Nestlé S.A.
- Abbott Nutrition
- Mead Johnson & Company, LLC
- Fresenius Kabi AG
- Others
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