The global enteral nutrition market is expected to reach US$ 16,185.64 Mn in 2027 from US$ 8,611.49 Mn in 2018. The market is estimated to grow with a CAGR of 7.4% from 2019-2027.
The report provides trends prevailing in the global enteral nutrition market and the factors driving the market along with those that act as hindrances. The increasing incidence of malnutrition and rising number of patients suffering with chronic diseases are anticipated to drive the growth of the market. However, the complications associated with enteral nutrition is likely to hamper the growth of the market.
Malnutrition is a state of an individual pertaining to nutrition in which a deficiency or excess or imbalance of energy, protein and other nutrients leads to measurable adverse effects on tissue/body form in terms of body shape, size and composition as well as function and clinical outcome. Infections such as measles, malaria and diarrhea are highly prevalent in the society that results into acute malnutrition, majorly among infants and children.
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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Enteral Nutrition Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
The enteral nutrition market majorly consists of the players such as B. Braun Melsungen AG, Global, Health Products, Inc., Meiji Holdings Co., Ltd., Victus, Inc., Hormel Foods Corporation, Abbott, Nestlé S.A., Danone SA, Fresenius Kabi AG, and Mead Johnson Nutrition Company among others.
The global enteral nutrition market, based on the form, is segmented into in liquid and powder. The liquid segment led the enteral nutrition market in 2018, and; it is expected to retain its dominance during the forecast period.
Malnutrition is one of the universal problem that is prevalent in all the countries around the world. According to the World Health Organization, one third of the female that falls under reproductive age are anemic, whereas 39% of the adults across the world are obese or overweight. Moreover, the data findings by WHO also states that every year around 20 million newborn babies born are overweight. The Global Nutrition Report of 2018 states that malnutrition and its associated costs may cause a global burden of approximately US$ 3.5 trillion annually. Thus, the government support along with increasing cases of malnutrition across the world is expected to promote the growth of enteral nutritional supplements over the coming years.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Enteral Nutrition market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Enteral Nutrition market?
- What are the prominent market trends influencing the development of the Enteral Nutrition market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Enteral Nutrition market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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