The latest market report published by Credence Research, Inc. is “Global Enteral Tube Feeding Formula Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Enteral Tube Feeding Formula Market generated around USD 6548.5 million in 2021 and is anticipated to grow a CAGR of over 5.1% during the forecast period from 2022 to 2028 to reach around USD 8825.88 million in 2028.
Enteral feeding is a method of ingesting food via the gastrointestinal tract (GI tract). The gastrointestinal system comprises the esophagus, stomach, mouth, and intestines. The stomach or small intestine receives the nutrition ingested through a tube. This feeding method can serve as the main source of nutrition or a complete replacement for calories. Feeding is considered in situations like cancer, eating difficulties, severe illness, stroke attacks, and life-threatening injuries. The global market for enteral tube feeding formula is expanding due to an increase in the elderly population, an increase in the occurrence of preterm birth, rising healthcare costs, and rising demand for in-home care. The increased demand for enteral nutrition formulae for older adults at home will also drive market growth. The industry is growing owing to nursing homes and home health agencies choosing enteral feeding formulas for post-surgery patients. More neonatal critical care units are also expected to spur development. The potential for medication and tube feeding errors, concerns for patient safety, and enteral nutrition-related problems are expected to restrain the global market growth of the enteral tube-feeding formula.
Browse Global Enteral Tube Feeding Formula Market report-https://www.credenceresearch.com/report/enteral-tube-feeding-formula-market
The global enteral tube feeding formula market is bifurcated into Product, Application, Type of Tube Feeding, Stage, End User, and Geography. The market is categorized into standard and disease-specific formulas based on the product. Based on the application, the market is divided into oncology, neurology, critical care, diabetes, gastroenterology, and others. Based on the type of tube feeding, the market is segmented into gastric tube feeding, nasogastric tube feeding, gastrostomy tube feeding, and duodenal/jejunal tube feeding. Based on the stage, the market is categorized into adult and pediatric. The market is divided into hospitals and long-term care facilities based on the end user. The global market is geographically divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
North America dominated the global enteral tube feeding formula market in 2021, accounting for a significant market revenue share due to an increase in preterm births, a growing geriatric population, and technological advancements in the region. High disposable income, a developed healthcare system, the approval of innovative products, and increased awareness drive regional market growth.
Why to Buy This Report –
- The report examines the global enteral tube feeding formula market by segment, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with 2021 as the base year and 2022-2028 as the projected period.
- The report provides competitive landscape information, such as how the market’s key players operate at the global, regional, and country levels.
- In-depth analysis of the global enteral tube feeding formula market segmentation by product, application, type of tube feeding, stage, and end user.
- The report contains comprehensive and authentic data for all factors, including CAGR, consumer purchasing trends, supply and demand, and major regional countries’ import/export statistics.
- The enteral tube feeding formula market report includes global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.
The Global Enteral Tube Feeding Formula Market is Segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2016-2028 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2028 |
| Historical Year | 2016 – 2021 |
| Unit | USD Million |
| By Product (2016–2028; US$ Mn) | |
| By Type of Tube Feeding (2016–2028; US$ Mn) | |
| By Stage (2016–2028; US$ Mn) | |
| By End User (2016–2028; US$ Mn) | |
| By Application (2016–2028; US$ Mn) | |
| By Geography Segment (2016–2028; US$ Mn) |
