South America Enteral Feeding Formulas Market, By Product (Standard Formulas, Disease Specific), Type of Tube Feeding (Gastric Tube Feeding, Nasogastric Tube Feeding, Gastrotomy Tube Feeding, Duodenal or Jejunal Tube Feeding), Stage (Adult, Pediatric), Application (Critical Care, Gastroenterology, Oncology, Neurology, Diabetes, Others), End User (Hospitals, Long Term Care Facilities), Country (Brazil, Argentina, Rest of South America) Industry Trends and Forecast to 2028.
Market Analysis and Insights: South America Enteral Feeding Formulas Market
The enteral feeding formulas market is expected to witness market growth at a rate of 6.0% in the forecast period of 2021 to 2028. Data Bridge Market Research report on enteral feeding formulas market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of enteral feeding formulas market.
The enteral tube feeding refers to the type of feeding that is utilized in the administration of nutrients through intestine or stomach. The feeding is applicable for those patients who are unable to meet the requirements of the nutrients or the individuals who are unable to consume nutrients orally. Nasojejunal tube, nasogastric tube, and gastrostomy and jejunostomy are some of the tubes that are available for the enteral formulas feeding.
The increase in prevalence of chronic diseases and disorders across the region acts as one of the major factors driving the growth of enteral feeding formulas market. The surge in preterm births, and increase in number of home health agencies and nursing care rising the demand for facilities that support patients in post-surgery recovery accelerate the market growth. The increase in incidences of chronic diseases, such as multiple sclerosis, dementia, cancer, Chronic Obstructive Pulmonary Disease (COPD), stroke, chronic liver disease, and diabetes, and rise in demand for homecare further influence the market. Additionally, rise in population, development in the healthcare infrastructure, surge in healthcare expenditure and increase in geriatric population positively affect the enteral feeding formulas market. Furthermore, rise in demand for personalized medicine extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, patient safety risks and occurrence of feeding/medication errors associated with enteral feeding devices, and lack of knowledge are expected to obstruct the market growth. Insufficient reimbursements and complications associated with enteral feeding are projected to challenge the enteral feeding formulas market in the forecast period of 2021-2028.
This enteral feeding formulas 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 formulas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
South America Enteral Feeding Formulas Market Scope and Market Size
The enteral feeding formulas market is segmented on the basis of product, type of tube feeding, stage, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the enteral feeding formulas market is segmented into standard formulas, and disease specific. Standard formulas are sub-segmented into polymeric and monomeric. Disease-specific formulas are sub-segmented into diabetic formulas, renal formulas, hepatic formulas, pulmonary formulas and others.
- On the basis of type of tube feeding, the enteral feeding formulas market is segmented into gastric tube feeding, nasogastric tube feeding, gastrotomy tube feeding, and duodenal or jejunal tube feeding.
- On the basis of stage, the enteral feeding formulas market is segmented into adult and pediatric.
- On the basis of application, the enteral feeding formulas market is segmented into critical care, gastroenterology, oncology, neurology, diabetes and others.
- On the basis of end user, the enteral feeding formulas market is segmented into hospitals and long term care facilities. Long-term care facilities are sub-segmented into home care agencies and hospices, nursing homes and assisted living facilities.
South America Enteral Feeding Formulas Market Country Level Analysis
The enteral feeding formulas market is analyzed and market size insights and trends are provided by country, product, type of tube feeding, stage, application and end user as referenced above.
The countries covered in the South America enteral feeding formulas market report are Brazil, Argentina, and Rest of South America.
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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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
South America enteral feeding formulas 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 South America enteral feeding formulas market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the South America enteral feeding formulas market. The data is available for historic period 2010-2019.
Competitive Landscape and South America Enteral Feeding Formulas Market Share Analysis
The enteral feeding formulas 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 formulas market.
The major players covered in the enteral feeding formulas market report are Danone Nutricia, Hormel Foods, LLC, Meiji Holdings Co., Ltd., Nestlé, VICTUS, Global Health Products, Inc., Medline Industries, Inc., Mead Johnson & Company, LLC., Abbott, Fresenius SE & Co. KGaA, B. Braun Melsungen AG, Medtrition, Inc. and Real Food Blends, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.