The world enteral feeding formulas market size was worth at USD 5.32 billion in 2018 and is estimated to register a 7.2% CAGR throughout the forecast period. Enteral feeding is a method to deliver nutrients into the gastrointestinal tract through the use of a tube. The patient who cannot swallow or digest a sufficient quantity of food, but has a suitable intestinal functional capacity. It can also be defined as the introduction of nutritionally complete liquid formula directly into the intestine or stomach with the help of a narrow, officially designed tube.
Market Drivers and Restraints:
The world enteral feeding formula market is expanding owing to increasing chronic diseases and disorders, quickly growing geriatric population, increasing prevalence of premature birth, high health care expenses, and high demand for home care. Chronic diseases such as cancer, the second most dominating cause of death worldwide, accounted for 8.8 million deaths in 2015. According to the WHO, approximately 70% of deaths from cancer occur in low- and middle-income countries. Nevertheless, several factors such as patient safety risk, complications related to enteral feedings, and incidence of medication and feeding errors act as restraints of the enteral feeding formula market.
To know more, click on the link below:
Report segmented as:
- Standard formula
- Disease-specific formula
- Critical care
By End User:
- Long-term Care Facilities
Based on geography, the enteral feeding formula market has been segregated into four regions: North America, Europe, Asia Pacific, and Rest of World. North America is the biggest market for enteral feeding formula owing to technological developments and widespread awareness about enteral feeding devices. Europe is also growing at a high rate due to the rising geriatric population and increasing occurrences of chronic diseases and disorders.
Important market players:
Major players in the enteral feeding formula market are Nestlé S.A., Fresenius Kabi AG, Danone S.A., Victus, Inc., Abbott Laboratories, Meiji Holdings Co., Ltd., Global Health Product, Inc., Mead Johnson Nutrition Company, B. Braun Melsungen AG, and Hormel Foods, LLC.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/enteral-feeding-formulas-devices-market/request-sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast