The global enteral nutrition market size was worth USD 3,521.80 Million in 2021 and is estimated to grow to USD 6,070.84 Million by 2028, with a compound annual growth rate (CAGR) of approximately 9.50% over the 2022-2028.
FrequentlyAsked Questions
Factors such as investment in research and development of new medical nutrition products targeting different health conditions and funding by other companies operating in the nutrition industry are expected to drive the growth of the global enteral nutrition market throughout the forecast period. For example, in May 2020, Danone's health nutrition arm, Nutricia, awarded USD 1.1 million to the Global Nutrition Research Program, a research project led by clinicians initiated in 16 countries around the world to define nutritional care guidelines for COVID-19 patients recovering from intensive care (ICU) admission.
According to the report, the global enteral nutrition market was worth 3,521.80 (USD million) in 2021 and is predicted to grow to 6,070.84 (USD Million) by 2028, with a compound annual growth rate (CAGR) of about 9.50 percent.
North America dominates the global enteral nutrition market and accounts for the largest revenue share of 32% in 2020 due to the growing burden of chronic diseases such as diabetes, cancer, and other neurological diseases. In addition, the growing preference for at-home enteral therapy has reduced the number of patients visiting hospitals and clinics. In addition, increasing malnutrition is expected to drive further demand for enteral infant formula in this region.
Some of the main competitors dominating the global enteral nutrition market include B. BRAUN MELSUNGEN AG, ABBOTT LABORATORIES, FRESENIUS KABI AG, DANONE S.A., HORMEL FOODS CORPORATION, GLOBAL HEALTH PRODUCTS, INC., MEIJI HOLDINGS CO., LTD., RECKITT BENCKISER GROUP PLC., NESTLE S.A, and VICTUS, INC.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed