Reports and Data's latest report states that the global market size for enteral feeding formula used in Indiana's homecare sector was USD 82.58 billion in 2022, with an expected revenue CAGR of 8% during the forecast period. The demand for enteral feeding formulas is increasing due to the higher susceptibility of the geriatric population to chronic illnesses. Enteral tube feeding is beneficial for individuals who cannot meet their nutritional requirements orally, and several types of tubes are available for enteral feed formula delivery.
The market's revenue growth is fueled by the production of organic and plant-based formulations, the introduction of modular formulae, and the use of prebiotics and probiotics to promote gut health. The popularity of lactose-free, gluten-free, and low-sugar enteral feeding formulas is driving the demand for specific formulas to meet specific nutritional needs. Furthermore, personalized nutrition demand is growing, leading to the popularity of enteral feeding formulas specialized for specific diseases or conditions, such as those for patients with renal, liver, or lung illness.
Top Profiled Companies in the Global Indiana Homecare Enteral Feeding Standard Formula Market Report:
Abbott Nutrition, Nestle Health Science, Danone Nutricia, Braun Melsungen AG, Fresenius Kabi AG, and Meiji Holdings Co. Ltd.
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Some Key Highlights from the Report
- In 2022, the standard formula segment accounted for a significantly large revenue share of the Indiana Homecare Enteral Feeding Standard Formula Market. This is due to the growing demand for these formulas, which provide all of the nutrients, vitamins, and minerals required by the body for healthy growth and development. These are typically recommended for patients in need of long-term enteral feeding including chronic illnesses or disabilities. Standard formulas are readily available and typically less expensive than other types of enteral feeding formulas. Furthermore, these are easily administered via a feeding tube and do not require any additional preparation.
- The adults segment accounted for largest revenue share in the Indiana Homecare Enteral Feeding Standard Formula Market in 2022. This is due to the growing demand for these formulas to meet the nutritional needs of adults who are unable to consume food orally due to medical conditions such as stroke, cancer, or gastrointestinal disorders. Adult enteral feeding formulas are available in a variety of formulations, including basic formulas, disease-specific formulae, blenderized formulas, and customized formulas. These formulae are often supplied using a feeding tube, which can be inserted directly into stomach or intestines.
- Demand for enteral feeding formula for homecare in Indiana is expected to rise significantly in the coming years. A feeding tube is used in the medical procedure known as enteral feeding to administer food and nutrients directly into the patient's stomach. This tube is commonly used for people who are unable to eat orally due to illnesses like cancer, neurological impairments, or digestive issues.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2022 - 2032)
- Standard Formula
- Disease Specific Formula
- Blenderized Formula
- Others
Patient Type Outlook (Revenue, USD Billion; 2022 - 2032)
- Adults
- Geriatric
- Paediatric
Key Takeaways of the Global Indiana Homecare Enteral Feeding Standard Formula Market Report:
- A comprehensive overview of the global Indiana Homecare Enteral Feeding Formula industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Indiana Homecare Enteral Feeding Standard Formula Market.
- Elaborate study of the leading regional markets in the global Indiana Homecare Enteral Feeding Standard Formula Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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