The global enteral nutrition market is estimated to be valued at US$ 2,635.9 million in 2020 and is expected to exhibit a CAGR of 5.8% over the forecast period (2020-2027).
Enteral Nutrition Market – Overview
Enteral nutrition usually refers to the direct delivery of nutrients into a blood vessel or vein through the use of tubes inserted into the abdominal cavity. These tubes are made out of hollow plastic tubes coated with a special agent that as they enter the stomach they expand to allow room for the nutrients that are being transported into the bloodstream. The tubes then exit the body through the end of the abdominal wall. The global enteral nutrition market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
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Enteral Nutrition Market – Drivers
Increasing prevalence of chronic diseases such as cancer and neurological disorders is expected to drive the growth of the global enteral nutrition market during the forecast period. According to the World Health Organization (WHO), in 2018, around 9.6 million deaths were reported due to cancer globally, of which 2.09 million cases were due to lung cancer. According to the Alzheimer’s Association, in 2020, around 5.8 million U.S. citizens aged 65 years and above were living with Alzheimer’s dementia. Malnutrition and weight loss in dementia are related to cognitive decline and hence, provision of enteral nutrition through Percutaneous Endoscopic Gastrostomy tube would improve both nutrition parameters of the patient. Thus, these factors are expected to drive the growth of the global enteral nutrition market during the forecast period. Furthermore, the development of technologically advanced products is expected to boost the global enteral nutrition market growth over the forecast period.
Enteral Nutrition Market – Restraint
Complications associated with enteral nutrition and patient safety risk is expected to hamper the global enteral nutrition market growth over the forecast period.
Enteral Nutrition Market – Regional Insights
Among regions, North America is expected to witness significant growth in the global enteral nutrition market during the forecast period. This is owing to the rising geriatric population and rising incidence of chronic illnesses in the region. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to the high proportion of the geriatric population.
Enteral Nutrition Market – Competitive Section
Major companies operating in the global enteral nutrition market are Nestle S.A., Meiji Seika Pharma Co. Ltd., Baxter International Inc., Fresenius Kabi AG, B. Braun Holding GmbH & Co. KG, Perrigo Company plc, Abbott Laboratories, Reckitt Benckiser Group plc, and Groupe Danone.
For instance, in August 2020, Nestle Japan, a subsidiary of Nestle S.A., acquired Ajinomoto Co. Inc.’s tube feeding business.
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Enteral Nutrition Market – Segmentation
Global Enteral Nutrition Market, By Product Type:
- Standard Enteral Nutrition
- Enteral Nutrition for Chronic Illness
Global Enteral Nutrition Market, By Nutrition Type:
- Multi-vitamins and Antioxidants
- Amino Acid
Global Enteral Nutrition Market, By Patient Type:
- Infant (1 month to 2 years)
- Children (2 to 12 years)
- Adolescent & Adult (12 to 65 years)
- Geriatric (>65 years)
- Chronic Patient (Excluding all above in all age groups)
Global Enteral Nutrition Market, By Application:
- Gastrointestinal Diseases
- Critical Care
Global Enteral Nutrition Market, By End User:
- Home Care Settings
- Retirement Homes
- Others (Nursing Care Centers, Rehabilitation Care Centers, etc.)
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The report efficiently evaluates the current market size and provides an industry forecast. The market was valued at US$ 2,635.9 million in 2020 and is expected to grow at a CAGR of 5.8% during the period 2021-2027.
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