Global Enteral Feeding Formulas Market is Estimated to Reach US$ 6710 Mn by 2022, Due to an Increase in Number of Geriatric Population.
Some of the key participants in the global enteral feeding formulas market are NUTRICIA, Mead Johnson & Company, LLC, Danone S.A., B. Braun Melsungen AG, Global Health Products, Inc., Victus, Inc., Meiji Holdings Co., Ltd, Hormel Foods, LLC, Byram Healthcare, Medline Industries Inc, Abbott Laboratories, Fresenius Kabi A, Nutritional Medicinals, LLC, HOIL BIOMAED INC., Real Food Blends, Nestlé S.A. amongst others. In 2016, Nutritional Medicinals, LLC announced its organic pediatric whole foods feeding tube formula and complete meal replacement with its newly launched ‘Nourish’ brand of products. The new product is plant-based formula and is free of food allergens.
All the market data of research and analysis are mapped in an actionable model, with strategic advices and recommendations from the experts. The world class Enteral Feeding Formulas Market report examines market by regions, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing top manufacturers in global market, with respect to production, price, revenue, and market share for each manufacturer. An international Enteral Feeding Formulas Market survey report is also helpful in assessing the effectiveness of advertising programme and knows the causes of consumer resistance. It is supportive in finding out the size of the market for specific products.
The complications associated with initial placement of enteral feeding tubes is likely to pose a threat to the growth of the enteral feeding formulas market during the forecast year 2018 – 2026. Complications that can occur during the placement of nasogastric tubes include nasopharyngeal irritation and pain, and in patients who are confused and upset, it may further lead to agitation and combativeness. When feeding tubes are inadvertently placed into the lung, patients usually demonstrate some form of respiratory distress such as coughing, shortness of breath and inability to speak amongst others.
In order to get a stronger and effective business outlook, the report also studies several internal and external factors. These can be attributed as market restraints and propellers. Additionally, the report also offers insightful data which helps to formulate the best strategies for both established key players as well as for new market entrants. Furthermore, the study discusses the challenges and risks experienced by several sellers as well as buyers. Various applicable sales strategies are included to discover the global opportunities that are shaping the global Enteral Feeding Formulas Market.
The report titled as a global Enteral Feeding Formulas Market has recently added by Absolute Markets Insights to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The author of the report analyzed that the global enteral feeding formulas market was valued at US$ 4680 million in 2017. Increasing prevalence of chronic diseases coupled with growing incidence of preterm birth is one of the reason aiding the overall market growth.
The prevalence of malnutrition is increasing in geriatric population and is associated with a decline in their functional status. Older adults who reside in nursing facilities tend to be frail. They mostly face issues such as multiple comorbidities, protein energy malnutrition and increased risk of unintended weight loss. The Enteral Feeding Formulas Market in United States, approximately 5.8% of nursing facility residents receive enteral feeding. The prevalence is mostly higher for residents with cognitive impairment. For cognitively impaired residents, the tube feeding placements occur in acute care setting and also result in additional healthcare resources and high post insertion mortality rates within 60 days’ time frame of insertion.
The Region of North America is Dominating Enteral Feeding Formulas Market Due to Increased Cases of Cancer: The number of patients suffering from cancer in the state of Georgia was 48, 850 and that in Alabama was 26,160. The number was highest in Florida with 1,24,740 suffering from cancer in 2017. The numbers show that the region of North America has quite large number of people affected by cancer. It has been observed that patients who are mostly in third and fourth stage of cancer are incapable of consuming food orally owing to the strong effect of medicines and chemotherapies. Therefore, many of them opt for enteral feeding formulas.
Key Market segments Enteral Feeding Formulas market are:
- Enteral Feeding Formulas Market – By Type
- Polymeric Formulas
- Monomeric Formulas
- Blenderized Foods
- Formulas for Specific Metabolic Needs
- Immune Enhancing Formulas
- Modular Formulas
- Hydration Solutions
- Enteral Feeding Formulas Market – By Stage
- Adult
- Children
- Market By Application
- Oncology
- Gastroenterology
- Neurology
- Diabetes
- Others
- Market By End Users
- Hospitals
- Long-Term Care
- Nursing Homes
- Homecare Agencies
- Enteral Feeding Formulas Market By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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