PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682810
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682810
The global enteral nutrition market is experiencing significant growth, driven by the increasing geriatric population and the rising number of malnutrition cases receiving treatment. In 2024, the market size is estimated at USD 8.3 billion and is projected to reach USD 13.1 billion by 2032, advancing at a compound annual growth rate (CAGR) of 5.9% during the forecast period.
This growth is primarily attributed to the shift from parenteral to enteral nutrition, owing to its lower complication rates and costs. Enteral nutrition is increasingly preferred for long-term feeding, especially in elderly patients, enhancing clinical outcomes and reducing septic and non-septic complications.
Key Insights
The market is segmented into standard and disease-specific formulations. Standard formulations are widely used; however, disease-specific formulas are gaining traction due to their tailored nutritional content for conditions such as diabetes and renal disorders.
Enteral nutrition products are formulated with proteins, carbohydrates, multivitamins, antioxidants, amino acids, fibers, and minerals to meet the diverse nutritional needs of patients.
Hospital pharmacies dominate the distribution landscape, ensuring immediate availability for inpatients. Retail and online pharmacies are also significant channels, providing accessibility for outpatient and home-based care.
Products are available in powder and liquid forms, offering flexibility in administration based on patient needs and preferences.
While adults constitute the majority of enteral nutrition consumers, there is a notable segment for pediatric patients, addressing malnutrition and chronic conditions in children.
North America holds the largest market share, attributed to a well-established healthcare infrastructure and a significant number of product manufacturers. The Asia-Pacific region is anticipated to witness the fastest growth, with a CAGR of 7%, driven by an increase in chronic diseases, a growing elderly population, and advancements in healthcare facilities.
The surge in chronic diseases such as cancer, neurological disorders, and gastrointestinal conditions necessitates nutritional support, thereby propelling market growth. Additionally, the cost-effectiveness and reduced complication rates of enteral nutrition over parenteral methods contribute to its increased adoption.
Potential complications, such as infections and tube displacements, pose challenges to market growth. However, advancements in tube design and placement techniques are mitigating these risks.
The growing awareness of early enteral feeding benefits, such as improved patient outcomes and reduced hospital stays, presents opportunities for market expansion. Moreover, the development of innovative, disease-specific formulations caters to the personalized nutrition needs of patients, further driving market growth.