Global Enteral Feeding Formula Market, By Product (Standard Formulas and Disease-Specific Formulas), Application (Oncology, Neurology, Critical Care, Diabetes, Gastroenterology and Others) Type of Tube Feeding (Gastric Tube Feeding, Nasogastric Tube Feeding, Gastrostomy Tube Feeding and Duodenal or Jejunal Tube Feeding), Stage (Adult and Paediatric), End User (Hospitals and Long Term Care Facilities) – Industry Trends and Forecast to 2029.
Global Enteral Feeding Formula Market Analysis and Size
Enteral feeding formula is an alternative term of tube feeding in the medical sector. This feeding is generally given to the patients with injuries preventing them to take a regular diet by mouth. The prevalence of chronic disease is escalating the growth of enteral feeding formula market.
The tube feeding assists patient in receiving nutrition and keep their GI tract active. The enteral feeding formula market was valued at USD 3,096.65 million in 2021 and is expected to reach USD 5,400.70 million by 2029, registering a CAGR of 7.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Enteral Feeding Formula Market Definition
Enteral feeding refers to a process in which food is taken through the gastrointestinal tract or GI tract. The gastrointestinal tract consists of mouth, stomach, esophagus, and intestines. The nutrition taken through a tube goes directly to the stomach or small intestine. This feeding method may be used as a supplement or make up the entire caloric intake. The feeding is considered in cases such as, cancer disease, eating inability, serious illness, stroke attack and critical injury.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Standard Formulas and Disease-Specific Formulas), Application (Oncology, Neurology, Critical Care, Diabetes, Gastroenterology and Others) Type of Tube Feeding (Gastric Tube Feeding, Nasogastric Tube Feeding, Gastrostomy Tube Feeding and Duodenal or Jejunal Tube Feeding), Stage (Adult and Pediatric), End User (Hospitals and Long Term Care Facilities)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Hormel Foods Corporation (US), Victus, Inc. (US), Global Health Products, Inc. (US), Medline Industries, Inc (US), Mead Johnson & Company, LLC. (US), Medtrition, Inc. (US), Nutritional Medicinals, LLC (US), Real Food Blends (US), Nestlé Health Science (Switzerland), Meiji Holdings Co., Ltd. (Japan), Fresenius Kabi Ltd (Germany), B. Braun Melsungen AG (Germany), and Abbott (US) among others
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Enteral Feeding Formula Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Prevalence of Chronic Diseases
The increase in the prevalence of chronic diseases such as, stroke, dementia, chronic obstructive pulmonary disease (COPD), diabetes, cancer, multiple sclerosis, and chronic liver disease acts as one of the major factors driving the growth of enteral feeding formula market.
- Rise in Preterm Births
The surge in the number of preterm births increasing the demand for enteral feeding formulas to meet the nutritional requirements of new-borns accelerate the market growth.
- Technological Advancements
The continuous technological advancements and innovations in products further influence the market.
Opportunities
Furthermore, launch of new products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Rise in number of home health agencies and nursing care will further expand the market.
Restraints/Challenges Global Enteral Feeding Formula Market
On the other hand, issues related to the enteral nutrition and patient safety risk issues are expected to obstruct market growth. Also, occurrence of feeding and medication errors are projected to challenge the enteral feeding formula market in the forecast period of 2022-2029.
This enteral feeding formula market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on enteral feeding formula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Enteral Feeding Formula Market
To address the COVID-19 outbreak, pharmaceutical and biotech companies collaborated and support the development of vaccines and supply chain challenges. A rise in demand for drugs such as Hydroxychloroquine was witnessed due to the high need for management of COVID-19. The high demand for vaccine and treatment drugs for rising COVID-19 cases accelerated the enteral feeding formula market, and will continue to support the market in the post-pandemic scenario.
Recent Development
- Nestle Health Science launched China’s first ready-to-drink protein-based total nutrition Foods in October’2020. This ready-to-drink protein-based total nutrition Foods is aimed for Special Medical Purposes (FSMPs) for undernourished individuals.
Global Enteral Feeding Formula Market Scope and Market Size
The enteral feeding formula market is segmented on the basis of product, application, type of tube feeding, stage and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Standard Formulas
- Disease-Specific Formulas
On the basis of product, the enteral feeding formula market is segmented into standard formulas and disease-specific formulas.
Application
- Oncology
- Neurology
- Critical Care
- Diabetes
- Gastroenterology
- Others
On the basis of application, the enteral feeding formula market is segmented into oncology, neurology, critical care, diabetes, gastroenterology and others.
Type of Tube Feeding
- Gastric Tube Feeding
- Nasogastric Tube Feeding
- Gastrostomy Tube Feeding
- Duodenal Or Jejunal Tube Feeding
On the basis of type of tube feeding, the enteral feeding formula market is segmented into gastric tube feeding, nasogastric tube feeding, gastrostomy tube feeding and duodenal or jejunal tube feeding.
Stage
- Adult
- Pediatric
On the basis of stage, the enteral feeding formula market is segmented into adult and pediatric.
End User
- Hospitals
- Long Term Care Facilities
On the basis of end user, the enteral feeding formula market is segmented into hospitals and long term care facilities.
Enteral Feeding Formula Market Regional Analysis/Insights
The enteral feeding formula market is analysed and market size insights and trends are provided by country, product, application, type of tube feeding, stage and end user as referenced above.
The countries covered in the enteral feeding formula market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the enteral feeding formula market because of the burden of chronic diseases such as cancer, diabetes, and other neurological conditions within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing incidence of preterm births in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The enteral feeding formula market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for enteral feeding formula market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the enteral feeding formula market. The data is available for historic period 2010-2020.
Competitive Landscape and Enteral Feeding Formula Market Share Analysis
The enteral feeding formula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to enteral feeding formula market.
Some of the major players operating in the enteral feeding formula market are Hormel Foods Corporation (US), Victus, Inc. (US), Global Health Products, Inc. (US), Medline Industries, Inc (US), Mead Johnson & Company, LLC. (US), Medtrition, Inc. (US), Nutritional Medicinals, LLC (US), Real Food Blends (US), Nestlé Health Science (Switzerland), Meiji Holdings Co., Ltd. (Japan), Fresenius Kabi Ltd (Germany), B. Braun Melsungen AG (Germany), and Abbott (US) among others.
Research Methodology : Global Enteral Feeding Formula Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-enteral-feeding-formulas-market
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