North America 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 Pediatric), End User (Hospitals and Long Term Care Facilities), Country (U.S., Canada and Mexico) Industry Trends & Forecast to 2027
Enteral feeding formula market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.6%in the forecast period of 2020 to 2027 and is expected to reach USD 2,085.23 million by 2027 from USD 1,260.29 million in 2019.
Rising incidence of chronic diseases across the world, increased demand of enteral feeding formula are the major drivers which propelled the demand of the market in the forecast period.
Enteral tube feeding is used for the administration of nutrients via the intestine or the stomach through the tubes, and this applies to patients who are unable to meet the nutrient requirements or who are not able to consume oral nutrients. Various types of tubes are available for enteral feed formula, such as nasojejunal tube, gastrostomy, nasogastric tube and jejunostomy.
Such different routes used in the administration of the necessary nutrients are cost-effective, healthy and also an alternative choice for the invasive process. This method is preferred primarily for patients with malnutrition due to eating disorders such as anorexia nervosa, dysphagia, stomach infections, and others.Enteral feeding devices demand has increased as compared to the precise year with increased demand of enteral feeding formula for geriatric population and therapeutic uses of enteral feeding formula along with introduction of increased technologically advanced enteral feeding formula. In addition demand of enteral feeding formula has increased because of increasing health consciousness among people across world. Further high cost of enteral feeding formula is expected to restraint the usage of enteral feeding formula and is expected to slow down the growth of the enteral feeding formula market in the forecasted period.
The enteral feeding formula market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Enteral feeding formula market is segmented on the basis of product, application, type of tube feeding, stage and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the North America enteral feeding formula market is segmented into standard formulas and disease-specific formulas. In 2020, standard formulas segment is rapidly growing in the industry due to its rich medical application along with richness in the vitamins, proteins, peptides among other.
- On the basis of application, the North America enteral feeding formula market is segmented into oncology, neurology, critical care, diabetes, gastroenterology and others. In 2020, critical care segment is rapidly growing in the enteral feeding formula industry due to the rising number of the patients from the chronic disease.
- On the basis of type of tube feeding, the North America enteral feeding formula market is segmented into gastric tube feeding, nasogastric tube feeding, gastrostomy tube feeding and duodenal or jejunal tube feeding. In 2020, gastric tube feeding segment is rising in the forecast period due to the rising eating disorder in the various reasons leading the bypass route nutritional supplies.
- On the basis of stage, the North America enteral feeding formula market is segmented into adult and pediatric. In 2020, adult segment in the enteral feeding formula market is growing with the highest share and dominating the market due to the growing lifestyle concern and changing diet plans and rising awareness towards the fitness.
- On the basis of end user, the North America enteral feeding formula market is segmented into hospitals and long term care facilities. In 2020, hospitals segment in the end user comprises the highest share and dominating the market with the highest CAGR due to the growing awareness amongst the population towards the diseases and concern with the changing lifestyle and proper visit and medication from doctors which are the major reasons of the growth of the market.
Enteral Feeding Formula Market Country Level Analysis
The enteral feeding formula market is analysed and market size information is provided by product, application, type of tube feeding, stage and end user.
The countries covered in the enteral feeding formula market report are the U.S., Canada, and Mexico.
North America is expected to dominate the market due to the high adoption of enteral feeding formula in the region due to high cases of preterm births and North America is expected to growth with the highest CAGR in the forecasted period due to increasing number of research and development and technological advancement in the region. The U.S. is dominating in the market and leading the growth in the North America market due to increasing high adoption of enteral feeding formula for old age people with diseases.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Acquisition and Merger in Enteral Feeding Formula Market is Creating New Opportunities for Players in the Enteral Feeding Formula Market
Enteral feeding formula market also provides you with detailed market analysis for every country growth in particular industry with enteral feeding formula sales, impact of advancement in the enteral feeding formula and changes in regulatory scenarios with their support for the enteral feeding formula market. The data is available for historic period 2010 to 2018
Competitive Landscape and Enteral feeding formula Market Share Analysis
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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to enteral feeding formula market.
The major players covered in the report are Nutricia Advanced Medical Nutrition, Hormel Foods Corporation, Victus, Inc., Global Health Products, Inc., Medline Industries, Inc, Mead Johnson & Company, LLC., Medtrition, Inc., Nutritional Medicinals, LLC, Real Food Blends, Nestlé Health Science, Meiji Holdings Co., Ltd., Fresenius Kabi Ltd (A subsidiary of Fresenius SE & Co. KGaA), B. Braun Melsungen AG, Abbottamong other domestic and North America players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the enteral feeding formula market.
- In August 2018, Real Food Blends announced the launch of Powered By RFB, a campaign which will help people who prefer Real Food Blends meals to help fuel their active and fulfilling lives.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the enteral feeding formula Market which also provides the benefit for organisation to improve their offering for enteral feeding formula.
Customization Available: North America Enteral Feeding Formula Market
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