Global Enteral Feeding Formulas market size to reach US$ 6.2 Bn by 2025 at a CAGR of 6.4%
Noida, Uttar Pradesh, India, March 25 2021 (Wiredrelease) Report Ocean Pvt Ltd –:Continuous advancement in technology and innovations in the feeding system are some of the other factors boosting the market’s growth across the globe. The broad product portfolio and the robust product development strategies adopted by the key players in the market, showcasing the positive impact on the market growth. Ready-to-use nutritional supplements, Ready-to-drink (RTD), and tube feed for some specific indications are some of the product categories gaining huge traction across the globe. Therefore, it is crucial to evaluate the pathophysiology following the condition, mainly nutritional deficiency. The continuously increasing prevalence of diseases, such as anemia and malnutrition, is likely to boost the adoption rate of enteral feeding formulas in the near future.
The rising patients base for individuals suffering from cardiovascular diseases, diabetes, and cancer which are the leading mortalities causing diseases, has driven the demand for the enteral feeding system market. According to WHO (World Health Organization), around 17.9 million fatalities being registered from cardiovascular diseases. The patients in ICUs are not relaxed in taking oral food; therefore, it will become crucial to give the required nutrients through enteral feeding. With the increased quality of the diet offered through tube feeding, the market consumers have been growing drastically. Moreover, with the increase in the geriatric population, the need for tube feeding has also been increasing, as they cannot be able to consume their food orally. Following these promising developments, the Global Enteral Feeding Formulas Market is estimated to see healthy growth, pegged at a CAGR of around 6.4% throughout the forecast period 2020-2025.
Assisted in Nutrition Therapy among Patient dealing with COVID-19
Intensive care units (ICU) globally have become overwhelmed with the severe acute respiratory syndrome SARS-CoV-2 induced respiratory failure leading to COVID-19 disease. Considerable government support remains the cornerstone in dealing critically ill patients with COVID-19. Enteral Feeding Formulas are chosen for parenteral nutrition (PN). Infusion of formula into the stomach utilizing 10-12 Fr feeding nasogastric tube requires minimal expertise and facilitates earlier feeding initiation. The ICU patient’s nutritional management dealing with COVID-19 is similar to any other ICU patient admitted with pulmonary disease.
Segmentation Overview of the Global Enteral Feeding Formulas Market
The enteral feeding formulas market is segmented based on the product, age group, tube feeding type, and application. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product Outlook (Standard Formulas, Peptide Formulas, Specialized Formulas)
By Age Group Outlook (Adult, Pediatrics)
By Tube Feeding Type Outlook (Percutaneous Endoscopic Gastrostomy, Jejunostomy tube (J-tube), Nasogastric Tube Feeding, Nasojejunal Tube Feeding)
By Application Outlook (Oncology, Neurology, Gastroenterology, Diabetes, Others)
Key Players Insights
Abbott Laboratories, Danone SA, Nestle SA, Fresenius Kabi AG, B. Braun Melsungen AG, Victus Inc., Primus Pharmaceuticals, Inc., Rickett Benckiser Group Plc, Meiji Holdings. Co., Ltd., Global Health Product Inc., Hormel Foods, LLC, Nutritional Medicinals, LLC, and Mead Johnson Nutrition Company, among others, are some significant players included in the research study of the global enteral feeding formulas market.
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