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North America is projected to hold a significant share in the global market for enteral feeding formulas over the forecast period. This can be associated with a large percentage of geriatric population, huge investments into research and development (R&D) projects, and the growth of the healthcare sector in the region. Apart from this, the advent of the coronavirus pandemic positively influenced the market growth of enteral feeding formulas during the historical period. The virus impacts the respiratory system of the infected person and is also known to have adverse effects on the gastrointestinal tract of severely affected patients. Initiating early enteral nutrition (EN) within 24-36 hours of ICU admission or within 12 hours of intubation and placement of mechanical ventilation has been recommended for treating critically affected COVID-19 patients, according to a research study published in the Society of Critical Care Medicine and the American Society for Parenteral and Enteral Nutrition in 2020. These are some of the factors providing impetus to the market.
Otsuka Pharmaceutical Factory Inc. (TYO: 4578), a renowned name in the global market for enteral feeding formulas, in June 2020, announced the launch of new flavours to expand the existing portfolio of ENORAS liquid for enteral use. The product is a concentrated (1.6 kcal/mL) polymeric enteric nutrition formula based on the latest nutritional information to efficiently provide nutrients and energy in small amounts. The new releases mark the introduction of four new flavours, including yoghurt, apple, strawberry, and coffee, so that patients can select and use them according to their taste. In addition, the light weight and easy to discard aluminium packaging makes the product easy to store. Such developments by leading market players are providing impetus to the market.
Market Analysis by Product, Flow type, Stage, Indication, End User, and Region:
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The major players in the global enteral feeding formulas market are Danone S.A., Nestlé S.A., Abbott Nutrition, Mead Johnson & Company, LLC, and Fresenius Kabi AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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