The enteral nutrition market will touch USD 13,811.6 million, growing at a 6.2% compound annual growth rate, by 2030.
The growth of this industry is mainly because of the increasing elderly population, surging occurrence of malnutrition, and growing count of premature births, which results in rising ICU deaths.
Moreover, the increasing incidence of chronic conditions like cancer, chronic liver disease, stroke, diabetes, multiple sclerosis, chronic obstructive pulmonary disease, and dementia, will boost the requirement for enteral nutrition products that help patients with oral intake problems.
Additionally, the constant expansion in the count of nursing care facilities and home health agencies is boosting the requirement for these products, as such facilities assist patients in their post-surgery rehabilitation. These agencies help numerous older populations who have swallowing difficulties, this will also increase the requirement of such nutrition
Get More Insights: Enteral Nutrition Market Revenue Estimation and Growth Forecast Report
APAC will propel at the highest rate during this decade. This can be attributed to the increasing elderly population, rising healthcare reforms, advancement in technology, and development of the research & development sector in the region.
It is because of the increasing count of premature births and rising incidence of chronic ailments, the enteral nutrition industry will continue to grow in the coming years.