Enteral Feeding Formulas Market Size, Trends, Business Opportunities and Forecast 2028 - Douglas Insights
Some of the market's major players include Abbott Nutrition, Danone Nutricia, Nestle Nutrition, and Baxter International.
DOUGLAS, ISLE OF MAN, January 11, 2023 /EINPresswire.com/ -- Enteral Feeding Formulas Market Value and CAGR
The Enteral Feeding Formulas market is expected to reach $** billion by 2028, growing at a CAGR of 7.4%. Factors contributing to the growth of the market are increasing geriatric populations and enhanced patient comfort through improved feeding methods.
Enteral Feeding Formulas Market Growth Drivers and Risks
A growing geriatric population, an increase in metabolic and chronic disorders, and an increase in patient care expenditure are driving the enteral feeding formula market. In 2018, the World Heart Federation reported that coronary heart disease was the leading cause of death worldwide. A staggering 3.8 million men and 3.4 million women die of coronary heart disease each year, and 80% of those deaths happen in low- and middle-income countries.
The increased number of premature births as well as the growing nutritional deficiencies in infants and pregnant women will lead to an increase in the demand for nutritional requirements, which will ultimately drive the growth of the overall market.
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Enteral Feeding Formulas Market Keyplayers
Some of the market's major players include Abbott Nutrition, Danone Nutricia, Nestle Nutrition, and Baxter International.
Enteral Feeding Formulas Market Segmentations
By Product
• Standard formula
• Disease-specific formula
By Flow Type
• Intermittent feeding flow
• Continuous feeding flow
By Stage
• Adult
• Pediatric
By Indication
• Alzheimer’s
• Nutrition Deficiency
• Cancer Care
• Diabetes
• Chronic Kidney Diseases
• Orphan Diseases
• Dysphagia
• Pain Management
• Malabsorption/GI Disorder/Diarrhea
• Others
By End-user
• Hospitals (Cardiology, Neurology, Critical Care (ICU), Oncology, Others)
• Home Care
By Sales Channel
• Online Sales
• Institutional Sales
• Retail Sales
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