Enteral nutrition is the process of providing nourishment to individuals who cannot ingest, chew or swallow food normally due to illness, injury or disability. Enteral nutrition products such as supplemental feeding formulas, tube feeding formulas and oral nutritional supplements are administered through tubes directly to the stomach or small intestine by passing the oral cavity and esophagus.
These Enteral Nutrition Market Demand provide a balanced diet containing proteins, carbohydrates, fats, vitamins and minerals necessary to meet the patient's nutritional needs. The growing aging population, rising prevalence of chronic diseases such as diabetes, cancer and neurological disorders have resulted in increased demand for enteral nutrition for the treatment of malnutrition.
The Global Enteral Nutrition Market is estimated to be valued at US$ 18.8 billion in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Enteral Nutrition market are Abbott Laboratories, Fresenius Kabi, Nestle Health Science, Danone, B. Braun Melsungen, Reckitt Benckiser and Moog, among others.
Growing demand: With the increasing prevalence of chronic diseases and rising geriatric population suffering from dysphagia and other swallowing disorders, the demand for enteral nutrition products is growing substantially. According to WHO, over 60 million people globally suffer from dysphagia.
Global expansion: Major players are expanding their business operations globally through new product launches, acquisitions and partnerships to strengthen their distribution network and market presence across various geographies especially in emerging economies.
Market Key Trends
One of the major trends gaining traction in the Enteral Nutrition Market Companies is the newer product innovations and introductions by key players. Manufacturers are focusing on development of organic, non-GMO, hypoallergenic and disease specific formulas. New technology driven enteral formulas containing prebiotics, probiotics and synbiotics are expanding the product portfolio. The availability of portable and home-based enteral feeding pumps with advanced features like customized programming and alarms is further driving the market growth.
Porter's Analysis
Threat of new entrants: The enteral nutrition market presents moderate threat of new entrants due to high capital requirement and stringent regulatory standards.
Bargaining power of buyers: Due to availability of substitute products, buyers have moderate bargaining power in this market.
Bargaining power of suppliers: The bargaining power of suppliers is low owing to the presence of a large number of raw material suppliers in the market.
Threat of new substitutes: The threat is moderate as new alternatives are continuously emerging based on customer needs and innovation.
Competitive rivalry: The enteral nutrition market witnesses high competitive rivalry due to strong presence of large and regional players.
Geographical Regions
North America accounts for the largest share of the global enteral nutrition market due to increasing prevalence of chronic diseases and growing elderly population. The U.S. holds the major share in the regional market.
Asia Pacific is poised to grow at the fastest rate during the forecast period owing to favorable government policies, increasing healthcare spending, growing awareness about clinical nutrition, and expanding patient base ofpreterm births, cancer, and other diseases requiring nutritional support. Rapid economic development in India and China provides huge growth potential in this region.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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