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Future Perspective: Key Trends Shaping the Enteral Nutrition Market Until 2030
Enteral Nutrition Market
Projected Size and Growth Trajectory of the Enteral Nutrition Market
The enteral nutrition market is anticipated to reach a value of $20.08 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8% during the forecast period. This robust growth is supported by factors such as the rising elderly population, a growing demand for nutrition in home healthcare, the rise of personalized medical nutrition, and a heightened focus on managing chronic diseases over the long term. Additionally, innovations in specialized enteral formulas are further propelling market expansion. Trends expected to influence the market include wider adoption of disease-specific nutrition products, increased use of high-protein and tailored nutrition solutions, the development of home-based enteral feeding options, and a growing emphasis on nutrition for pediatric and geriatric patients. Product innovations featuring fiber and amino acid blends are also gaining traction.
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Key Factors Supporting Growth in the Enteral Nutrition Market
One significant driver of growth is the increasing aging population worldwide, which naturally elevates the need for specialized nutritional support. As more elderly individuals require nutritional care to manage chronic health conditions, enteral nutrition becomes essential in both hospital and home environments.
Another important factor is the surge in demand for personalized and disease-specific medical nutrition. Healthcare providers and patients alike are seeking tailored nutritional formulas designed to meet the unique needs of various chronic illnesses, encouraging innovation and diversification within the market.
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Leading Companies Influencing the Enteral Nutrition Market Landscape
The enteral nutrition market features a host of major players, including Cardinal Health Inc., Nestle S.A., Fresenius Kabi AG, Abbott Laboratories, Medtronic Inc., Danone S.A., Becton, dic*kinson and Company, Otsuka Pharmaceutical Factory, Boston Scientific Corporation, Hormel Foods Corporation, B. Braun Melsungen AG, Reckitt Benckiser Group PLC, Meiji Holdings Co. Ltd., C. R. Bard GmbH, Moog Inc., Mead Johnson Nutrition, Cook Medical, Halyard Health Inc., Avanos Medical Inc., Applied Medical, Angiplast Pvt Ltd., Kate Farms, Global Health Products Inc., Victus Inc., and VYGON SAS.
A notable industry development took place in April 2023 when Danone, the French multinational food company, acquired Promedica, a Polish firm specializing in home care services for patients. This acquisition aligns with Danone's strategic plan to focus on high-value brands and innovation while divesting less-performing assets, strengthening its position in the home healthcare segment.
Emerging Trends Highlight Innovations in Enteral Nutrition
One of the major trends in the enteral nutrition market is the focus on developing advanced enteral feeding systems that enhance patient care and convenience. Companies are investing in next-generation devices that improve feeding accuracy, ease of use, and portability.
For example, in September 2023, Cardinal Health Inc. launched the Kangaroo OMNI Enteral Feeding Pump, designed for use from hospital settings to home care. This pump is notable for being the lightest, smallest, and quietest model in its range, offering patients and caregivers more flexibility while accommodating a broad variety of commercially available enteral formulas.
Segment Overview and Market Distribution in the Global Enteral Nutrition Market
This report categorizes the enteral nutrition market into several key segments:
1) Product Type: Standard Enteral Nutrition and Enteral Nutrition for Chronic Illness
2) Nutrition Type: Proteins, Carbohydrates, Multi Vitamins, Antioxidants, Amino Acids, Fibers, Minerals, and Other Nutritional Types
3) Patient Type: Adults and Pediatric
4) Application: Cancer, Critical Care, Diabetes, Gastrointestinal Diseases, and Other Applications
5) Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies.
Further breakdown of product types includes:
- Standard Enteral Nutrition: Polymeric Formulas, Oligomeric Formulas, Blenderized or Whole Food Formulas
- Enteral Nutrition for Chronic Illness: Disease-Specific Formulas, High-Protein Formulas, and Specialized Formulas.
This segmentation provides a comprehensive understanding of the market's scope and allows stakeholders to identify opportunities across various patient groups and nutritional needs.
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