The global enteral feeding formulas market is expected to reach USD 9.37 billion by 2028. according to a new study by Polaris Market Research. The report “Enteral Feeding Formulas Market Share, Size, Trends, Industry Analysis Report, By Product (Standard, Disease Specific); By Tube Type, By Indication, By End Use (Hospitals, Long-term Care Facilities {Homecare Agencies & Hospices, Nursing Homes, and Assisted Living Facilities}), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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The global enteral feeding formulas industry is projected to grow, owing to rise in chronic disorders among old age population having low immunity, and the prevalent malnutrition in low-income countries, specifically poor nations with very low disposable income. Enteral feeding formulas industry players are focusing on customized feeding formulas to cater to particular indication.
The global enteral feeding formulas industry is fragmented based on the product, tube type, indication, end use, and region. In terms of product, the market is segmented into standard and disease specific formulas. The tube type market segment is further divided into nasogastric tube, naso-jejunal tube (NJT), Jejunostomy tubes, radiologically inserted gastronomy tubes (RIG), and percutaneous endoscopic gastronomy tubes (PEG).
The indication market segment is further divided into Alzheimer’s, nutrition deficiency, cancer care, chronic kidney diseases, orphan diseases, dysphagia, pain management, malabsorption/GI disorder/Diarrhoea, and others. The end use market segment is further divided into hospitals, and long-term care facilities.
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