The enteral nutrition market has been valued to about US$ 8.64 billion in 2023. The global enteral nutrition market is experienced to reflect outstanding growth during the next decade. According to the industry estimations, the market is projected to surge about US$ 17.20 billion by 2032 with a healthy compound annual growth rate (CAGR) of 7.95% during 2024-2032.
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Overview of Growth in Enteral Nutrition Market
Enteral nutrition is a form of feeding the gastrointestinal tract directly, through a feeding tube in patients who cannot take foods orally. This mode of nutrition has recently gained wide acceptance over the past few years, influenced by the widespread increase in chronic diseases, growth in consciousness regarding malnutrition, and the high aging population in the world.
Market Drivers: Rise in Prevalence of Chronic Diseases and Malnutrition
Rising cases of chronic diseases, such as cancer, neurological disorders, and gastrointestinal diseases, are important growth drivers for the enteral nutrition market. Most of the patients suffering from these diseases require nutritional support because they are unable to obtain adequate nutrients orally, but enteral nutrition contributes highly to the recovery and improvement of health in these patients.
Malnutrition, which has become a growing problem across the globe, also forms part of the elderly population. Enteral nutrition products have become a prescription for malnourished patients, ensuring the fulfillment of daily calorie and nutrient requirements.
The increasing geriatric population will continue to propel the demand in the market.
At the global level, the rate of population aging is unilaterally unprecedented. The United Nations projects that, by 2050, a proportion one in six peoples will be over 65 years, compared to the current proportion of one in 11 in 2019. Such a demographic trend is, therefore expected to positively impact demand for enteral nutrition as elderly persons are prone to chronic diseases and malnutrition.
Rising demand for long-term care for elderly suffering from dysphagia and other elderly conditions is poised to have a positive influence on demand for enteral nutrition products during the forecasting period.
Improvements in Enteral Feeding Devices Technology
Other technological advances in enteral feeding devices and nutrition formulas are also pushing the market forward. The manufacturers are coming up with newer and more user-friendly, innovative feeding tubes, pumps, and forms of enteral nutrition suitable to various forms of medical conditions. This has resulted in better compliance on the part of the patients as well as safety while administering enteral nutrition to the patients by the caregiver.
Further, with the trend of care going on towards home care settings, there is also a growing demand for portable enteral feeding devices to make it possible for the patient to stay at home.
Problem Enteral Nutrition Systems-Economically Expensive and Risky
Despite the numerous advantages offered by enteral nutrition, it is restricted by a number of disadvantages that impart limitations to the growth of the market. The devices and formulas for enteral feeding are highly expensive and continue to remain one of the significant drawbacks. In low and middle-income countries, these prove costly and have therefore remained prohibitively expensive.
Moreover, other dangers may be posed by enteral feeding. These include infections and aspirations due to the dislodgement of the feeding tube, which can lead to aspiration pneumonia. By proper training of health care providers and caregivers, a better outcome can be ensured for patients.
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Regional Trends : North America Heads the Pack, APAC High on Growth Prospects
North America is currently holding the position of market dominance in enteral nutrition globally. The leadership status currently enjoyed by this region stems from having the highest market share. Strong healthcare infrastructure, a high prevalence of chronic diseases, and an aging population are driving the growth in this market.
Although the Asia-Pacific (APAC) region is also expected to witness the fastest growth during the forecast period, the market here is propelled by fast-paced urbanization and an upward expenditure on health care and awareness about enteral nutrition. Increased adoption of enteral nutrition in the countries of China, India, and Japan is observed due to an increase in aged population and growing chronic diseases in these regions.
Leading Players in the Enteral Nutrition Market
The global enteral nutrition market is truly very competitive, which gives an impression that these companies are boosting the growth of this market. They are:
Abbott Laboratories
Nestlé Health Science
Danone S.A.
Fresenius Kabi AG
B. Braun Melsungen AG
Cardinal Health, Inc.
Innovations of products, strategic partnerships, mergers, and acquisitions are actively being pursued to establish a stronghold in the market.
Future Outlook: Growth Opportunities Ahead
The enteral nutrition market has vast growth prospects in the future. To begin with, demand for home health care is expected to rise. There also appears to be demand for developing plant-based and organic enteral nutrition products. Also, there is a growing interest in personalized nutrition.
The steady growth over the next ten years is being triggered by the active acknowledgment and understanding of healthcare providers and patients regarding the benefits of enteral nutrition in chronic disease management as well as its prevention of malnutrition.
Conclusion
The enteral nutrition market globally is expected to grow and is anticipated to more than double its current market size from US$ 8.64 billion in the year 2023 to reach US$ 17.20 billion by 2032 with a CAGR of 7.95%. The growth of the global enteral nutrition market is attributed to chronic disease prevalence, a fast-growing geriatric population, and technological innovation in the enteral feeding devices. While issues still abound, the market still has a rosy future, replete with numerous opportunities for innovation and expansion in the years to come.
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