Enteral Nutrition Market Expected to Witness a Sustainable Growth

1. Enteral Nutrition Market

2. Upsurge in geriatric population and rise in the number of patients with chronic health conditions are expected to boost the growth of the global enteral nutrition market. The global enteral nutrition market was pegged at $5.66 billion in 2017 and is expected to reach $10.48 billion by 2025, registering a CAGR of 7.9% through 2025. Get Sample Report

3. Rise in the number of patients suffering from chronic diseases and upsurge in elderly population drive the growth of the global enteral nutrition market. However, stringent governmental regulations and occasional dislodgement of enteral feeding tubes hamper the growth of the market. According to the report, protein for diabetes care patient segment would manifest the fastest CAGR of 9.40% through 2025, owing to increase in the number of diabetic patients across the globe. However, the standard protein diet segment would hold the largest market share, i.e. more than half of the total market throughout the study period, as these diets are generally prescribed by doctors.

4. The online distribution channel segment is expected to register the fastest CAGR of 9.0% during the forecast period, owing to the increase in internet penetration and reduced need for hospital admission. However, the hospital sales segment dominated the global market in terms of revenue in 2017, contributing about two-thirds share. It is expected to retain its dominance during the forecast period. The report offers in-depth analysis of the major forms of enteral nutrition such as powder and liquid. In 2017, the liquid form segment garnered about three-fourths share of the market, as this segment offers ready-to-use and instant feeding formulations, which can be stored at room temperature.

5. Key Findings Of Enteral Nutrition Market : • The protein for diabetes care patient segment by protein composition of enteral nutrition market is anticipated to witness the fastest CAGR of 9.4% from 2018 to 2025. • The standard protein diet segment by protein composition dominated the global enteral nutrition market in 2017, and it is anticipated to grow at a lucrative CAGR of 7.2% during the forecast period. • The online segment by distribution channel is anticipated to witness the fastest CAGR of 9.0% in terms of value during the forecast period. • North America led the global enteral nutrition market in terms of value in 2017 and is anticipated to witness a CAGR of 7.1% during the forecast period.

6. North America contributed about 30% share of the market in 2017, owing to the rise in incidence of cancer, a well-developed healthcare industry, and increased use of enteral nutrition products. However, Asia-Pacific would grow at the fastest CAGR of 8.8% during the study period owing to the increasing number of patients suffering from chronic diseases in developing countries such as India and China. The key market players analyzed in the global enteral nutrition market report include Abbott Laboratories, Danone SA, Mead Johnson Nutrition Company, Global Health Products, Inc., Victus, Inc., Nestlé S.A., Fresenius Kabi AG, B. Braun Melsungen AG, Meiji Holdings Co., Ltd., and Hormel Foods Corporation.