Enteral feeding formulas are nutritionally equivalent to edible food that aid in the body's nutritive and metabolic functions. These formulations play an important role in keeping an individual's weight and strength in control. These products are commonly widely used in hospitals, long-term nursing homes, and home care settings. It could also refer to nutrients delivered through a tube to the stomach or small intestine. In the medical field, this word is frequently used as an alternative to tube feeding. It is given to patients who have an injury that prevents them from eating a regular diet by mouth but still enables their GI tract to function. The tube feeding permits patient to receive nutrition and keep their GI tract active.
The "Global Enteral Feeding Formulas Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the enteral feeding formulas market with detailed market segmentation by product, application and end user. The report provides key statistics on the market status of the leading enteral feeding formulas market players and offers key trends and opportunities in the market.
- Based on product the market is segmented as, standard formulas and disease-specific formulas.
- Based on application the market is segmented as, oncology, critical care, gastroenterology, diabetes, neurology, and other applications.
- Based on end user the market is segmented as, long-term care facilities and hospitals.
- Increasing prevalence of chronic disease such as cancers, genetic disorders along with rising geriatric population across the globe.
- Rising demand for home healthcare is also expected to spur the market growth during the forecast period.
- Increasing healthcare expenditure and growing demand for enteral nutrition among the people.
- However, risk of various complications associated with enteral feeding is expected to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The enteral feeding formulas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the enteral feeding formulas market in these regions.
IMPACT OF COVID-19 ON ENTERAL FEEDING FORMULAS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the enteral feeding formulas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from enteral feeding formulas market are anticipated to lucrative growth opportunities in the future with the rising demand for enteral feeding formulas in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enteral feeding formulas market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B. Braun Melsungen AG
- Fresenius Kabi India Pvt. Ltd
- Global Health Products, Inc
- Mead Johnson and Company, LLC
- Meiji Holdings Co., Ltd.
- Hormel Foods Corporation
- Victus, Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.