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(Medical-NewsWire.com, September 03, 2018 ) Market Overview:
In the year 2018, Global Enteral Feeding Formulas Market was valued at USD 4.67 Billion. By the year 2023, it is predicted to reach USD 6.82 Billion with pace of 7.87% CAGR. In some cases, patients may not be in the condition of accepting food directly. In such cases, food is supplied to patient in form of liquid which consists of carbohydrates, vitamins, fats, minerals and proteins directly into stomach or small intestine using tube feeding.
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Increasing need for tube feeding and occurrence of chronic diseases, disorders and accidents
Factors affecting market growth:
Growing number of hospitals mobile health care systems such as ambulance. (+)
Increment in growth rate of chronic diseases and disorders. (+)
Rapidly increasing geriatric population. (+)
Increasing expenditure on healthcare. (+)
Rising risk of preterm births and increasing demand of homecare. (+)
Patient’s safety risks. (-)
Medication errors occurred while feeding. (-)
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Market Segmentation
By Product:
Standard
Polymeric formulas
Monomeric formulas.
Disease-specific formulas
Diabetic
Renal
Hepatic
Pulmonary
Other formulas which primarily include immune-enhancing & wound-healing formulas and formulas for critical care.
By Stage
Adults
Pediatric
By Application:
Oncology
Gastroenterology
Neurology
Diabetes
Critical care
Other applications such as heart, renal system, lungs, and liver, along with psychiatric disorders.
By End User
Hospitals
long-term care facilities
Homecare agencies
Hospices
Nursing homes
Assisted living facilities
By Geography
North America.
Asia Pacific.
Latin America.
Middle East and Africa.
The market is estimated to grow with higher pace of CAGR in developed regions. In addition, increasing prevalence of diseases and disorders and increasing medical and critical care facilities are expected to support market growth in the forecasted period.
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Key players:
Key players competing in Global Enteral Feeding Formulas Market include Global Health Product Inc. (U.S.), Meiji Holdings Co., Ltd. (Japan), Victus Inc. (U.S.), Hormel Foods, LLC (U.S.), B. Braun Melsungen AG (Germany), Mead Johnson Nutrition Company (U.S.), Fresenius Kabi AG (Germany), Danone S.A. (France), Nestlé S.A. (Switzerland), and Abbott Laboratories (U.S.).
Market Data Forecast.
Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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