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Global Enteral Nutrition Market Size, Share, Development, Growth and Demand Forecast to 2022  Industry Insights by Type

Global Enteral Nutrition Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Type

  • May 2016
  • 78 pages
  • ID: 4402398
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Enteral nutrition is a type of nourishment that is transmitted specifically into the digestive arrangement of a person, in form of fluid. It is utilized when a patient is not able to eat and requires nutrition in some other way. Tube feeding is the most widely recognized type of enteral nutrition. Tube feeding can be given to individuals, who are not ready to meet their wholesome needs, with food and beverages, and are not vulnerable to go through uncontrollable vomiting, or looseness of the bowels. There are two different types of enteral nutrition products including standard formulas and specialized formulas. Standard formulas contain protein or amino acids, carbohydrate, fat, minerals, vitamins, water, and essential fatty acids. These are preferred for people with normal bowel function. On the other hand, specialized formulas are used for chronically ill patients suffering from AIDS, multiple burns, advanced cirrhosis, acute renal failure, and respiratory failure.



Enteral Nutrition Market

One of the key trends witnessed in the global enteral nutrition market is the shift from parenteral nutrition to enteral nutrition. Enteral nutrition has been gaining popularity over the years, owing to the improvement in techniques, compositions and materials. In addition, the lower cost and complications of enteral nutrition are also supporting the growth in demand of enteral nutrition market across the globe.

With the increasing age, absorption capacities of the human digestive framework diminishes, which makes it troublesome for the body to retain all the required nutrients from food. Loss of appetite is a common issue among geriatric population. Accordingly, old age people don’t get ideal measures of supplements. Henceforth, they fall back on extra supplements for proper nourishment. The debilitating of bones, poor digestive framework, immobility, and chronic and degenerative diseases are the basic conditions among the geriatric population, for which they require nutritional support. In order to stay fit, the reliance of the geriatric population towards enteral nutrition support is increasing. As per the Population Division of the United Nations Department of Economic and Social Affairs (UN-DESA), almost 841 million people aged 60 years or more in 2013, compared to 205 million individuals in 1950. The aged population is anticipated to reach more than 2 billion by 2050. With the increasing populace of old age, spends on enteral nutrition is expected to increase.

The global enteral nutrition market was valued at $12,300.0 million in 2015, and it is expected to grow at a CAGR of 5.8% during 2016 - 2022. The factors driving the growth of the global market include increasing geriatric population, lower cost of enteral nutrition products, surge in the number of victims of malnutrition receiving treatment, high number of premature birth, and increasing incidence of cancer and central nervous system diseases.

Asia-Pacific accounted for the largest share in the global enteral nutrition market with 34.1% share in 2015, and it is also anticipated to witness the highest growth at a CAGR 7.0% during 2016 - 2022. The major reasons behind the growth of the enteral nutrition market in the region include increasing birth rate, along with growing geriatric population and high number of people having malnutrition.

Some of the major players operating in the global enteral nutrition market include Baxter International Inc., Abbott Laboratories, B. Braun Melsungen AG, Nestlé S.A., Groupe Danone, Mead Johnson Nutrition Company, Fresenius Kabi AG, and Perrigo Company Plc.

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