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Enteral nutrition products are nutritional supplements that help provide nutrition to patients suffering from various chronic conditions and unable to meet their dietary needs through oral food intake. This includes supplements for patients suffering from cancer, neurological disorders, gastrointestinal diseases or facing challenges such as malnutrition, obesity or respiratory illnesses. Enteral nutrition ensures proper intake of macro and micronutrients through tubes placed in the stomach or small intestines. It helps to improve nutritional status, manage body weight and reduce risk of complications. The global enteral nutrition market offers a wide range of products such as standard formulas, disease-specific formulas, fiber supplements, oral nutritional supplements and others. These are available in forms such as powders, liquids and semi-solid foods. Enteral feeding tubes help to directly administer these products into the stomach or upper gastrointestinal tract, bypassing the oral cavity.
The global Enteral Nutrition Market is estimated to be valued at US$ 3.01 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: One of the key trends in the enteral nutrition market is the increasing adoption of home enteral nutrition. With technological advancements, many enteral nutrition products and tubes are now designed for comfortable home use under professional guidance. This enables patients to receive prescribed therapy and monitoring at home instead of staying in healthcare facilities. Home enteral nutrition helps improve quality of life by reducing healthcare costs and times spent on infrastructure. It is a convenient option for patients requiring long-term enteral support. Leading players are focused on developing innovative home-use enteral tubes and portable pumps to further grow the home enteral nutrition segment.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the enteral nutrition market requires significant capital investment in research and production facilities. However, the growing demand and opportunities in developing markets may attract new players over the forecast period.
Bargaining power of buyers: The bargaining power of buyers is moderate. Buyers have reasonable choice of products and players in the market. However, switching costs for buyers are low.
Bargaining power of suppliers: The bargaining power of raw material suppliers is moderate. Raw materials are standardized but suppliers still have some control over pricing. Suppliers may integrate forward to gain bargaining power.
Threat of new substitutes: The threat of substitutes is low. There are no close substitutes for the clinical benefits provided by enteral nutrition products. Innovation in products may increase substitutes over time.
Competitive rivalry: The competitive rivalry is high among leading global players tapping opportunities in developing markets and through new product launches.
Key Takeaways
The global enteral nutrition market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis comprises: The enteral nutrition market in Asia Pacific is expected to grow at the fastest pace during the forecast period due to growing healthcare expenditure and increasing incidence of chronic diseases. China, India, and other Southeast Asian countries are expected to drive high demand for enteral nutrition products.
Key players operating in the enteral nutrition market are Abbott, Nestlé S.A., Danone S.A., Fresenius Kabi AG, Mead Johnson & Company, LLC, Braun Melsungen AG, Otsuka Pharmaceutical Co., Ltd, Meiji Holdings Co., Ltd., Bahrain Pharma, Bionova Lifesciences, Global Health Products Inc., Victus Inc., Curtis Health Caps SP. These players are focused on new product launches, partnerships, and expansion in developing markets to gain market share.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
