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Increasing Premature Births Boost Enteral Nutrition Market

10-06-2023 12:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Increasing Premature Births Boost Enteral Nutrition Market

The enteral nutrition market will touch USD 13,811.6 million, growing at a 6.2% compound annual growth rate, by 2030.

The growth of this industry is mainly because of the increasing elderly population, surging occurrence of malnutrition, and growing count of premature births, which results in rising ICU deaths.

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Moreover, the increasing incidence of chronic conditions like cancer, chronic liver disease, stroke, diabetes, multiple sclerosis, chronic obstructive pulmonary disease, and dementia, will boost the requirement for enteral nutrition products that help patients with oral intake problems.

Additionally, the constant expansion in the count of nursing care facilities and home health agencies is boosting the requirement for these products, as such facilities assist patients in their post-surgery rehabilitation. These agencies help numerous older populations who have swallowing difficulties, this will also increase the requirement of such nutrition products.

In recent years, the standard enteral nutrition category, based on product type, was the largest contributor to the industry. This is mainly because of the extensive adoption of regular protein diets, as it is a highly preferred composition recommended to patients with cancer, diabetes, and various other disorders that make it hard to consume solid meals.

The proteins category, based on nutrition type, accounted for the larger share, in recent years. This is because of the rising consumer consciousness about balanced diets all over the world. Moreover, the increasing disposable income, the rising awareness regarding the importance of protein in a healthy diet, and the aging population also boost the demand for protein nutrients.

In the past few years, the hospital pharmacies category, based on distribution channels, dominated the enteral nutrition market, and it will remain dominant throughout this decade. This can be because of the increased count of outpatients and inpatients in hospitals, along with the high preference for hospital pharmacies by the patients.

The online pharmacies category will advance at the highest rate during this decade. This is because the improved patient-provider promotional and communication campaigns are likely to surge the online delivery of enteral feeding products for short as well as long-term care among serious patients.

North America was the largest contributor to the industry in recent years. This can be because of the existence of numerous manufacturers and well-established healthcare sectors in the region. Furthermore, the increased consumption of nutritional products, coupled with the rising count of patients with chronic ailments has increased the requirement for nutrition products in the region.

Browse full report at: https://www.psmarketresearch.com/market-analysis/enteral-nutrition-market

APAC will propel at the highest rate during this decade. This can be attributed to the increasing elderly population, rising healthcare reforms, advancement in technology, and development of the research & development sector in the region.

It is because of the increasing count of premature births and rising incidence of chronic ailments, the enteral nutrition industry will continue to grow in the coming years.

About P&S Intelligence

P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicated and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up-and-coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

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