The size of the enteral nutrition market size was $8,038 million in 2021, and will reach $13,812 million by 2030, at a rate of over 6% in the years to come. This growth can be credited to the growing elderly population, increasing count of victims of undernourishment getting treated, and lower product cost.
The standard enteral nutrition dominated the industry in the past. This is mainly because of the extensive acceptance of regular protein diets, as it is one of the preferred compositions recommended for patients with diabetes, cancer, and other ailments making it difficult to consume solid meals. The initiation of protein-rich products is meeting the demand.
Browse detailed report – Enteral Nutrition Market Analysis and Demand Forecast Report
Protein nutrients held a larger share in the past, because of the snowballing consumer consciousness regarding balanced diets all over the globe. The augmented requirement for protein nutrients is pushed by socio-economic alterations like rising usable income, the elderly population, and the acknowledgement of the role of protein in a balanced and healthy diet.
The hospital pharmacies had the largest revenue share of share, of over 60%, in the past, and will continue like this in the future also. This is because of the growing volume of inpatients and outpatients in hospitals, along with preference of patients for hospital pharmacies.
Online pharmacies will experience the highest growth in the future. The main reason for this can be the improved patient-provider communication, and promotional campaigns will surge the online delivery of enteral feeding products for critical patients. Similarly, it provides ease to patients with the essentials delivered at their doorstep.
Adult patients will be the largest end-users in the near future. Also, patients who have a body mass index of <20 are regarded as chronically ill and suffer from gastrointestinal diseases, respiratory issues, cancer, and neurological or psychiatric ailments. These patients are at higher risk for undernourishment, and such factor inspires the industrial growth.
North America dominated the regional enteral nutrition market with over 33% in the past. This is because of the well-recognized healthcare sector and the existence of numerous product manufacturers. Furthermore, the increased usage of nutritional products and the increase in the patient volume suffering from chronic diseases have enhanced the requirement for nutrition products.
The absorption capacity of the human digestive system reduces with growing age, making it hard for the body to retain all of the essential nutrients from food. Appetite loss is a main issue with the elderly. Consequently, elderly do not receive adequate vitamins. Therefore, the elderly people are more reliant on nutrition supplements for keeping active, which increases the demand for enteral nutrition.
The increasing number of people suffering from chronic diseases, and the ever-increasing elderly population in the world propels the demand for enteral nutrition.
