Global Enteral Nutrition Market to Surpass US$ 19.31 Billion by 2025

Global enteral nutrition market was valued at US$ 13.11 billion in 2016, according to Global Enteral Nutrition Market, by Disease Type (Standard and Chronic), by Age Group (Below 15, 15 to 30, 30 to 45, 45 to 60, and Above 60), by End-use Industry (Hospitals, Clinics, and Long Term Care Facilities), published by Coherent Market Insights. The enteral nutrition market is expected to register a CAGR of 4.47% over the forecast period (2017-2025), to reach US$ 19.31 billion by 2025.

Some of the major factors propelling growth of this market are growing global geriatric population and rising prevalence of chronic diseases including diabetes, cardiovascular diseases, cancer, and others. According to the Centers for Disease Control and Prevention (CDC), in 2016, chronic diseases accounted for most of the deaths in U.S. and are responsible for 7 out of 10 deaths among Americans each year. In addition to this, increasing cases of premature births and malnutrition is expected to support growth of the enteral nutrition market. According to the World Health Organization (WHO), globally, preterm birth is the leading cause of death in children under the age of 5 years and the countries including India, China, U.S., Nigeria, Pakistan, Indonesia, Brazil, Bangladesh and Philippines recorded the highest number of preterm births as of November 2017.

Furthermore, increasing advancements in technology such as tubes manufactured from polyurethane or silicone coupled with the development of percutaneous endoscopic gastrostomy techniques and surge in demand for home care services are some of the other factors supporting growth of the market. According to the Agency for Clinical Innovation (ACI), approximately 9000 people received home enteral nutrition (HEN) therapy in New South Wales (NSW), in 2012.

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