ENTERAL NUTRITION MARKET ANALYSIS

Market Challenges And Opportunities

Global Enteral Nutrition Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease had spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of things from one place to another.

However, COVID-19 had a positive impact on the global enteral nutrition market as the use of enteral nutrition increased in patient suffering from COVID-19. COVID-19 is characterized by an inflammatory condition, which might decrease appetite and accelerate muscle degradation. Due to this significant risk of malnutrition in COVID-19 patients, nutritional management and malnutrition prevention are crucial parts of patient treatment. Therefore, the use of enteral nutrition during COVID-19 pandemic increased significantly. For instance, according to an article published in the National Library of Medicine, in March 2022, the effects of enteral nutrition in critically ill patients with COVID-19 suggest that overall, enteral nutrition was effective in significantly reducing the risk of mortality in these patients.

Global Enteral Nutrition Market – Drivers

• Increasing incidence of cancer: An increase in the prevalence of chronic diseases such as cancer is expected to increase the use of enteral nutrition in patient addimited to hospitals or long term care centers thus, this is expected to drive the market growth for the forecat period. For instance, according to the data published by the Centers for Disease Control and Prevention (CDC), on June 8, 2023, in the U.S. in 2020, 1,603,844 new cancer cases were reported and 602,347 people died of cancer.
• Increasing number of preterm births: A rise in the number of preterm births or premature birth is expected to increase the use of enteral nutrition and boost the demand for sip feeds to meet the nutritional requirements of newborns. For instance, according to an article published by the World Health Organization (WHO), on May 10, 2023, an estimated 13.4 million babies were born preterm in 2020 globally (before 37 weeks of gestation).

Global Enteral Nutrition Market: Restraint

• Increasing product recall: The factor that can act as an anchor to the growth of the global enteral nutrition market is the increasing number of product recall by key market players. For instance, in February 2022, Abbott announced a voluntary recall of powder formulas, including Similac, Alimentum and EleCare manufactured in Sturgis, Mich., one of the company's manufacturing facilities, as the nutritional products were contaminated with bacteria and caused severe bacterial infection. As a result, the key market players should focus on adopting good manufacturing practices (GMP) and following striengent regulatory guidelines to limit such loss in the future.