PUBLISHER: The Insight Partners | PRODUCT CODE: 1494339
PUBLISHER: The Insight Partners | PRODUCT CODE: 1494339
The Asia Pacific enteral nutrition market was valued at US$ 1,791.10 million in 2022 and is expected to reach US$ 2,942.72 million by 2030; it is estimated to grow at a CAGR of 6.4% from 2022 to 2030.
Strategic Initiatives by Key Market Players Fuel Asia Pacific Enteral Nutrition Market
Companies operating in the enteral nutrition market continuously focus on strategic developments such as collaborations, expansions, agreements, partnerships, and new product launches. These help them improve their sales, expand their geographic reach, and enhance their capacities to cater to a larger than existing customer base. A few of the noteworthy developments in the enteral nutrition market are mentioned below:
Asia Pacific Enteral Nutrition Market Overview
The Asia Pacific enteral nutrition market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The factors contributing to the market progress in this region include the rising prevalence of chronic diseases and the growing presence of market players across the region, conferring the highest manufacturing of enteral nutrition products. Furthermore, supportive government initiatives and research in the field of nutrition boost market growth. Countries such as Australia, India, and South Korea are estimated to witness various growth opportunities due to the rising development in the healthcare sector. In addition, governments of these countries are increasing their efforts to provide enteral and parenteral nutrition.
The rising prevalence of neurological diseases and the growing adoption of enteral nutrition are boosting the market's growth. China has experienced a significant rise in the elderly population. Stroke is the leading cause of death among older people across the country. According to the study published in Elsevier, in 2020, 17.8 million cases of stroke, 3.4 million new strokes, and 2.3 million stroke-related deaths were reported. The factors that have affected the numbers are the support of the government to educate the public on stroke prevention, better public knowledge of stroke, improved treatment options and medical technology, and improved healthcare coverage and healthcare environment, among others. Stroke is the most common cause of acute dysphagia, which may lead to malnutrition and impact the quality of life. Tube feeding of critically ill stroke patients was implemented as an enteral nutrition improvement strategy in China.
Asia Pacific Enteral Nutrition Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Enteral Nutrition Market Segmentation
The Asia Pacific enteral nutrition market is segmented based on product type, application, age group, distribution channel, and country.
Based on product type, the Asia Pacific enteral nutrition market is bifurcated into general and disease specific. The general segment held a larger Asia Pacific enteral nutrition market share in 2022.
In terms of application, the Asia Pacific enteral nutrition market is segmented into gastrointestinal disorders, metabolic/inborn errors of metabolism, food allergy, renal disease, liver disease, oncology, neurology, and others. The gastrointestinal disorders segment held the largest Asia Pacific enteral nutrition market share in 2022.
Based on age group, the Asia Pacific enteral nutrition market is bifurcated into adult and pediatric. The adult segment held a larger Asia Pacific enteral nutrition market share in 2022.
By distribution channel, the Asia Pacific enteral nutrition market is segmented into hospital pharmacies, retail stores, e-commerce, and others. The hospital pharmacies segment held the largest Asia Pacific enteral nutrition market share in 2022.
Based on country, the Asia Pacific enteral nutrition market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific enteral nutrition market in 2022.
Abbott Laboratories, Nestle SA, Danone SA, Fresenius SE & Co KGaA, B Braun SE, Reckitt Benckiser Group Plc, Royal FrieslandCampina NV, Arla Foods amba, Perrigo Co Plc, and Fonterra Co-Operative Group Ltd are some of the leading companies operating in the Asia Pacific enteral nutrition market.