The global for enteral feeding formulas is growing rapidly with increasing demand across the world. Enteral feeding is a medical procedure where nutritional formulas are delivered directly into the gastrointestinal tract through a tube. These formulas provide nutrition to people who cannot consume food orally or have difficulties in swallowing. Let us analyze some key aspects of the global enteral feeding formulas .
Size and Growth Trends
The Global Enteral Feeding Formulas size was valued at USD 6.2 billion in 2020 and is projected to reach USD 9.3 billion by 2028, registering a CAGR of 5.2% over the forecast period. Several factors such as the rising incidence of chronic diseases, growing elderly population, improving healthcare infrastructure and increasing awareness about clinical nutrition are fueling the demand for enteral feeding formulas worldwide. As per estimates, around 2 million people receive enteral nutrition annually in the US alone. The is expected to grow further with increasing spending on healthcare facilities across both developed and developing nations.
Revenue by Region
North America dominates the global , holding over 40% of the total share. This is attributed to the rising geriatric population, higher healthcare spending capacity and sophisticated healthcare facilities in the US and Canada. Europe holds the second largest share and is projected to grow at a steady pace during 2021-2028. On the other hand, the Asia Pacific is expanding at the fastest rate due to improving access to healthcare, large patient pool and expanding healthcare budgets in India and China. Latin America and the Middle East & Africa also present lucrative opportunities for enteral feeding formulas manufacturers over the next few years.
Product Type Analysis
Standard/Adult Formulas: These formulas are suitable for adults and account for the largest revenue share in the . They contain a balanced proportion of carbohydrates, protein, fat, vitamins and minerals.
Disease-Specific Formulas: Formulas specifically designed for patients with cancer, diabetes, renal failure, hepatic disorders and other diseases. They meet unique nutritional needs caused by illnesses.
Pediatric Formulas: Formulas for infants, children and adolescents. They have varying nutrient compositions suitable for different age groups.
Organic/Amino Acid-Based Formulas: Formulas containing protein hydrolysates and consisting of free amino acids. They are more easily digestible and suitable for people with malabsorption.
Tube Feeding Formulas: Ready-to-use formulas specifically meant for tube feeding through nasogastric, gastrostomy or jejunostomy tubes. They have a consistent viscosity to facilitate smooth passage through tubes.
Among these, standard/adult formulas had the highest sales in 2020 while disease-specific and pediatric formulas are fast catching up with rising chronic disease burden worldwide. Organic/amino acid-based formulas are also gaining ground owing to expanding applications in clinical nutrition.
Distribution Channel Analysis
Hospital Sales: Hospitals currently generate over 60% of revenue as many patients receive enteral feeding products during medical care and post-operative recovery in hospitals. Availability of trained staff and advanced infrastructure also drive sales through the hospital channel.
Online Pharmacies: This segment is emerging as an attractive distribution channel supported by increasing e-commerce adoption worldwide. Online pharmacies offer convenience to clinical dietitians and consumers in procuring enteral feeding formulas.
Retail Pharmacies: Retail pharmacies are an important channel for purchase of feeding formulas meant for long term use by patients undergoing nutrition therapy at home. Their widespread presence across regions boosts sales through this segment.
Concluding Remarks
In conclusion, the global for enteral feeding formulas is growing at a steady rate and will continue expanding in the coming years. Increasing prevalence of chronic diseases, rise in tube feeding procedures, growing demand for disease-specific formulas and technological advancements in enteral nutrition delivery systems are driving the worldwide demand. Expanding medical coverage, healthcare infrastructure development in emerging nations and growing awareness among patients and caregivers regarding clinical nutrition therapy will further fuel the adoption of enteral feeding formulas across regions.
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