A Comprehensive Analysis of the Global Enteral Nutrition Market and Strategic Insights for Stakeholders
The enteral nutrition market, valued at $6,762 million in 2018, is poised to reach $12,294 million by 2027, showcasing a robust CAGR of 7.1% from 2020 to 2027. This upward trajectory is attributed to various factors, including an increasing prevalence of chronic disorders, a surge in the geriatric population, and advancements in enteral nutrition techniques.
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Understanding Enteral Nutrition: Enteral nutrition encompasses diverse feeding methods directed towards meeting an individualโs caloric needs through the gastrointestinal tract. This includes regular diets, liquid or powdered supplements, and tube feeding. The market caters to individuals facing challenges such as diabetes, malnutrition, cancer, gastrointestinal disorders, and other complications.
Driving Forces:
The enteral nutrition market is driven by the rising incidence of chronic disorders like cancer and neurological issues, coupled with an aging population and an uptick in malnutrition cases. Advancements in techniques and product formulations have bolstered market acceptance. However, reduced demand in underdeveloped countries poses a challenge, balanced by promising opportunities in untapped emerging economies.
Impact of COVID-19: The COVID-19 pandemic, declared a global health emergency by the World Health Organization in 2020, heightened the demand for enteral nutrition. COVID-19 patients, requiring intensive care, faced nutritional risks, creating growth avenues for the enteral nutrition market. Optimal nutrition became crucial during the pandemic, aiding in managing complications and ensuring swift absorption due to the available forms, such as powder and liquid.
Market Segmentation: The enteral nutrition market is segmented based on protein composition, form, age group, distribution channel, and region. Standard protein diets and hospital sales dominated in 2018, driven by factors like widespread adoption and patient preferences.
Asia-Pacific Market Snapshot: Asia-Pacific emerges as a lucrative market for enteral nutrition, fueled by a rising patient population with chronic conditions, a growing geriatric demographic, R&D developments, healthcare reforms, and technological advancements. Key players are strategically expanding their presence in the region to capitalize on market potential.
Key Players: Leading companies in the enteral nutrition market include Abbott Laboratories, B. Braun Melsungen AG, Danone S.A., Fresenius Kabi AG, Global Health Products, Inc., Hormel Foods Corporation, Meiji Holdings Co., Ltd., Nestlรฉ S.A., Reckitt Benckinser Group PLC, and Victus, Inc.
Key Benefits for Stakeholders: This comprehensive analysis equips stakeholders with insights into market size, current trends, and future estimations, facilitating informed investment decisions. The study spans from 2018 to 2027, enabling stakeholders to capitalize on evolving market opportunities. Regional analyses and detailed profiles of key players offer a profound understanding of the competitive landscape and growth strategies in the global enteral nutrition market.
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