Enteral Nutrition Market: Global Market Size, Growth factors, Dynamics, Regional Share, Trends, Top Key Players, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
“The Enteral Nutrition Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR of forecast period 2018-2025” owing to rise in number of patients suffering from chronic disease.
Precision Business Insights (PBI) in its report titled “Enteral Nutrition Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis and Forecast 2018-2025” assesses the market performance of forecast period from 2018 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The enteral nutrition market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased prevalence of chronic diseases, upsurge in elderly population expected to drive the growth of the market in the forecasted years. However, stringent government regulations and occasional dislodgement of enteral feeding tubes hampers the market growth.
Enteral nutrition market segmented on the basis of protein composition, distribution channel, form & age group, and region
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Protein for Diabetic Care Segment Expected to Dominate the Market
Owing to an increase in the number of diabetic patients across the globe, 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. In addition, the high protein supplement segment would show gradual growth during 2018-2025.
Online Distribution Will Dominate the Revenue Share.
The online distribution channel segment is expected to dominate the market at a CAGR of XX% 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 2018. The retail segment would manifest steady growth during the forecast period.
Asia-Pacific, Accounts for Major Revenue Share for Pharmaceutical Intermediates Market
Precision Business Insights (PBI) eternal nutrition market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America contributed for a major share in the market, owing to the rising incidence of cancer, a well-developed healthcare industry, and an increased use of enteral nutrition products. However, Asia-Pacific would grow at the fastest CAGR of 8.8% owing to the increasing number of patients suffering from chronic diseases in developing countries such as India and China.
New Product Launch Plays Vital Role in Enteral Nutrition Market
Market players are expanding their product portfolio by launching new products and collaborating with competitors to enhance their revenue share. For instance, Nestle launched a product Microlipid which is a fifty percent fat emulsion that can be used as an oral supplement, put into foods, or in feeding tubes for those with especially high caloric requirements, decreased carbohydrate tolerance or fluid restriction.
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
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By Protein Composition Type
o Standard Protein diet
o High Protein Supplement
o Protein for Diabetes Care Patient
By Distribution Channel
o Hospital Sale
o North America
§ Rest of Europe
§ Rest of Asia Pacific
o Latin America
§ Rest of Latin America
o Middle East and Africa
§ South Africa
§ Saudi Arabia
§ Rest of MEA
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