ENTERAL NUTRITION MARKET ANALYSIS

Enteral Nutrition Market, By Product Type (Standard Enteral Nutrition and Enteral Nutrition for Chronic Illness), By Nutrition Type (Proteins, Carbohydrates, Multi-vitamins and Antioxidants, Amino Acid, Fibers, Minerals, and Others), By Formulation (Powder and Liquid), By Patient Type (Adult, Pediatrics, and Geriatrics), By Application (Cancer, Gastrointestinal Diseases, Diabetes, Critical Care, and Others (Nutrition Deficiency, etc.)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies), By End User (Hospitals, Home Care Settings, Retirement Homes, Others (Nursing Care Centers, Rehabilitation Care Centers, etc.)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Published In : Sep 2023
Code : CMI1115
Pages :200
Formats :
Excel and PDF
Industry : Pharmaceutical

Enteral Nutrition MarketSize and Trends

The global enteral nutrition market is estimated to be valued at US$ 3.1 Billion in 2023 and is expected to exhibit a CAGR of 5.8% during the forecast period (2023-2030). The increasing incidence of cancer and the increasing number of preterm births are expected to drive market growth.

Figure 1. Global Enteral Nutrition Market Share (%), By Product Type, 2023

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).