Global Enteral Nutrition Market: Overview
Both the worldwide population’s demographic movement toward ageing and the occurrence of illnesses that primarily affect the elderly are predicted to increase. With a steady increase in people 60 and older, the global population is ageing significantly. The market for enteral feeding systems is growing as disease prevalence rises. Because therapy must be supported by enteral feeding devices, the market for these devices is anticipated to rise as a result of the rising demand from patients who rely on feeding devices.
From hospital treatment to at-home enteral nutrition, the enteral feeding equipment market has changed, and this transition is anticipated to continue. Professionals involved in the care of patients who need nutritional support for extended periods of time frequently persuade patients to select home enteral nutrition because of the rising costs of hospital stays. The market for enteral feeding devices is being considerably impacted by the growth of the home enteral nutrition sector.
A rapid and affordable method of giving patients therapeutic nutrition is enteral feeding. However, there are certain disadvantages to employing these gadgets, which increase healthcare costs. Most enteral feeding problems are minor, but they can potentially be extremely serious. Enteral feeding metabolic issues are roughly equal to those encountered with parenteral nutrition, despite their lower frequency and severity. Close observation can help to lessen or prevent these problems. Additionally, these problems, along with the mortality they cause, create a barrier to the widespread use of enteral feeding devices.
Due to travel bans, lockdowns, and business closures, the COVID-19 pandemic had a detrimental effect on the world economy and harmed a number of businesses. The COVID-19 pandemic has, nevertheless, had a favourable effect on the global market for enteral feeding devices. Millions of individuals were admitted to hospitals as a result of the COVID-19 virus’s spread, which boosted the demand for enteral feeding equipment to assist critically ill COVID positive patients’ nutritional needs. Additionally, the switch from parenteral to enteral feeding as well as the rise in demand for enteral feeding equipment in the home care industry fueled market expansion during this time.
The enteral feeding devices market is extremely fragmented and competitive due to the presence of significant companies. As the sector is currently in a boom period, these firms are concentrating on acquisitions and strategic alliances. Companies are choosing strategically to introduce new items in order to profit and increase their market share.
The adoption of enteral feeding formulae to meet the nutritional needs of babies is also being fueled by the rise in the incidence of preterm births, which is projected to propel the market over time. One of the main factors influencing the introduction of enteral feeding formulae is an increase in the prevalence of malnutrition linked to greater ICU mortality. Despite the fact that malnutrition is a widespread ailment that is frequently untreated and underappreciated worldwide, its mortality rate is particularly high in various parts of the globe. For instance, malnutrition is thought to be the cause of roughly 45% of fatalities among children under the age of five, with mortality rates being greater in low- and middle-income nations.
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Global Enteral Nutrition Market: Major Players
Abbott Laboratories
Danone SA
B. Braun Melsungen AG
Hormel Foods Corporation
Victus, In.
Fresenius Kabi AG
Nestlé Health Science
Mead Johnson Nutrition Company
Meiji Holdings Co., Ltd
Global Health Products, Inc.
Global Enteral Nutrition Market: Types
Standard Protein Diet
High Protein Supplement
Protein for Diabetes Care Patient
Others
Global Enteral Nutrition Market: Applications
Hospital Sale
Retail
Online
Additionally, enteral nutrition is the most preferable method of feeding newborns who are more prone to illness and mortality as a result of undernutrition and vitamin and mineral deficiencies. Over time, market growth is anticipated to be boosted by rising awareness of the benefits of early enteral feeding, which lowers septic and non-septic complications and enhances clinical outcomes for critically ill and injured patients.
