“Enteral Feeding Formulas Market” by product (standard formulas, and disease specific formulas.), by stage ( adults, and pediatrics), by application (oncology, gastroenterology, neurology, diabetes, critical care, and other), by end user (hospitals, long-term care, homecare, and other) by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ 8.0 Bn by 2026 to exhibit a CAGR of 7.46 % during a forecast period.
Rising elderly population across the globe, and high occurrence of long-lasting diseases and illnesses are boosting the growth of the market. Progress in healthcare expenses of emerging economies, and growing demand for personalized medicine are key opportunities of the market. Increasing elderly populace across the globe, and high occurrence of chronic diseases & disorders are boosting the growth of the market. Lacking of reimbursements is major challenge of the market. However, Patient safety risks and occurrence of feeding & medication errors associated with enteral feeding devices are limiting the growth of the market.
North America is growing at a significant rate, followed by Europe during the forecast period.
North America is growing at a significant rate, followed by Europe during the forecast period owing to the rising geriatric population along with increasing incidences of chronic diseases & disorders, increasing healthcare expenditure, and increasing demand for homecare in North America regions.
The oncology segment held the largest share of the enteral feeding formulas market.
Oncology is a branch of medication that deals with the prevention, diagnosis, and treatment of cancer. The oncology segment held the largest share of the enteral feeding formulas market in 2015, due to high prevalence of malnutrition among cancer patients.
Hospitals are the largest end users of enteral feeding formulas, followed by long-term care facilities.
Hospitals are the largest end users of enteral feeding formulas, followed by long-term care facilities owing to the rapidly growing geriatric population and increasing prevalence of chronic disease and disorders. Further, long-term care facilities such as homecare & hospitals, nursing homes, and assisted living facilities have emerged as effective options to hospitals.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global enteral feeding formulas market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry eco end user, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global enteral feeding formulas market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global enteral feeding formulas market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Enteral Feeding Formulas Market”
https://www.maximizemarketresearch.com/market-report/global-enteral-feeding-formulas-market/24151/
Contact:
Vikas Godage
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908