The global enteral nutrition market generated revenue of $12,300.0 million in 2015, and is expected to register a CAGR of 5.8% during the forecast period (2016–2022). The major factors driving the growth of the market are the low cost of enteral nutrition products, increasing geriatric population, and surge in the number of malnourished people receiving treatments.
Based on type, the standard enteral nutrition category held the larger share in the enteral nutrition market in 2015. This was due to the lower cost of enteral nutrition products as compared to that of parenteral nutrition products. Moreover, enteral nutrition procedures are less invasive, as compared to that of a parenteral nutrition procedure. Owing to this, demand for enteral nutrition is increasing globally.
Based on region, Asia-Pacific (APAC) dominated the enteral nutrition market, accounting for 34.1% share, in 2015. It is expected to witness a CAGR of 7.0% during the forecast period. The increasing birth rate, growing geriatric population, and rising number of malnourished people are driving the growth of the market in the region. For instance, it was recorded that in 2010, the total number of people aged 65 years and above in the region was around 288.0 million. This is expected to reach around 911.0 million by 2050; hence, with the rising number of aged people in the region, the market for enteral nutrition would continue growing.
Moreover, enteral nutrition products are considered as highly effective during the treatment of cancer and central nervous system (CNS) diseases in preventing or tackling nutrition deficiencies in the body. Additionally, cancer changes the metabolism of the nutrient intake in the body of patients, and therefore proper nutrition becomes even more important. Cancer also leads to weight loss; therefore patients require continuous nutrient intake. With, rising cases of cancer and CNS diseases in the world, the demand for enteral nutrition for providing proper intake of nutrients to patients is increasing. On account of this, the enteral nutrition market is growing globally.
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Some of the major players operating in the global enteral nutrition market include Abbott Laboratories, Baxter International Inc., Nestlé S.A., B. Braun Melsungen AG, Groupe Danone, Fresenius Kabi AG, Mead Johnson Nutrition Company, and Perrigo Company PLC.
GLOBAL ENTERAL NUTRITION MARKET SEGMENTATION