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Enteral Feeding Formula Market: What is the Projected CAGR for 2024-2033?

The enteral feeding formula market has experienced strong growth in recent years. It is projected to grow from $6.02 billion in 2023 to $6.61 billion in 2024, at a compound annual growth rate (CAGR) of 9.7%. This growth can be attributed to an aging population, a rise in chronic diseases, advancements in enteral feeding formula technologies, greater awareness of clinical nutrition, and the expansion of home healthcare services.

The enteral feeding formula market is projected to grow to $9.68 billion by 2028, at a CAGR of 10.0%. Growth drivers include the increasing incidence of malnutrition, an aging population, and greater adoption of home enteral nutrition. Trends include disease-specific formulas, plant-based and organic formulas, and the use of immunonutrition.

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What Are the Primary Drivers Supporting the Growth of the enteral feeding formula Market?

The growing geriatric population worldwide is driving the demand for enteral feeding formulas. With projections indicating a substantial increase in the global population aged 60 years and above, there is a corresponding rise in the demand for enteral feeding formulas to address the nutritional needs of the elderly.

What Are the Core Segments of the Enteral Feeding Formula Market?

1) By Product: Standard Formulas, Disease-Specific Formulas

2) By Stage: Adults, Pediatrics

3) By Application: Oncology, Gastroenterology, Neurology, Diabetes, Critical Care, Other Applications

4) By End User: Hospitals, Long-Term Care Facilities

What Trends Are Paving the Way for Change in the 240 Market?

Product innovation drives growth in the enteral feeding formula market, with major companies continuously launching new formulas to meet evolving customer needs. For instance, in September 2023, Cardinal Health, Inc. introduced the Kangaroo OMNI Enteral Feeding Pump in the United States. This pump offers a range of options tailored to patients’ specific needs throughout their enteral feeding journey, featuring a compact and portable design capable of delivering thick, homogenized, and blended formulas. Kangaroo OMNI provides versatility for feeding, flushing, and hydration, along with a 30-day feeding history transmission capability.

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Which Regions Are Leading the Charge in Enteral Feeding Formula Market Development?

North America was the largest region in the enteral feeding formula market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enteral feeding formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Enteral Feeding Formula Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the enteral feeding formula market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Enteral Feeding Formula Market Include

1. Enteral Feeding Formula Market Executive Summary

2. Enteral Feeding Formula Market Segments

3. Enteral Feeding Formula Market Size And Template Market Growth Rate

4. Key Enteral Feeding Formula Market Trends

5. Major Enteral Feeding Formula Market Drivers

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25. Key Mergers And Acquisitions In The Enteral Feeding Formula Market

26. Top Enteral Feeding Formula Companies

27. Enteral Feeding Formula Market Opportunities And Strategies

28. Enteral Feeding Formula Market, Conclusions And Recommendations

29. Appendix

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The Business Research Company offers the enteral feeding formula market research report 2024 with industry size, share, segments and market growth

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