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Latin America enteral feeding devices market to grow rapidly through 2021

The Latin America Enteral Feeding Formulas Market was worth USD 520 million in 2016 and estimated to be growing at a CAGR of 7.5% to reach USD 750 million by 2021.

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A growing number of hospitals and ambulatory care services are embracing enteral nutrition as an effective system of clinical nutrition.

Enteral nutrition generally refers to any method of feeding that uses the gastrointestinal (GI) tract to deliver part or all of a person's caloric requirements. It can include a normal oral diet, the use of liquid supplements or delivery of part or all of the daily requirements by use of a tube (tube feeding).

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Chronic diseases and disorders, rapidly growing geriatric population, increasing healthcare expenditure, rising prevalence of preterm births, and increasing demand for homecare are the major drivers in the Latin America Enteral Feeding Market. However, patient safety risks, and the occurrence of feeding and medication errors are expected to detain the growth of the enteral feeding formulas market to a certain extent.

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On the basis of product, the market is segmented into standard and disease-specific formulas. The standard formulas segment is further segmented into polymeric formulas and monomeric formulas.

Disease-specific formulas are further subdivided into diabetic, renal, hepatic, pulmonary, and other formulas, which primarily include immune-enhancing & wound-healing formulas and formulas for critical care. On the basis of stage, the market is segmented into adults and pediatrics.

On the basis of application, the market is segmented into oncology, gastroenterology, neurology, diabetes, critical care, and other applications. Other applications primarily include diseases and disorders of the heart, renal system, lungs, and liver, along with psychiatric disorders.

The oncology application segment held the largest share of the enteral feeding formulas market in 2015, primarily due to the high prevalence of malnutrition among cancer patients. By end user, the market is segmented into hospitals and long-term care facilities.

Long-term care facilities are further divided into homecare agencies & hospices, nursing homes, and assisted living facilities. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.

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Some of the prominent players in the Latin American enteral feeding formulas market are Abbott Laboratories (U.S.), Nestlé S.A. (Switzerland), Danone S.A. (France), Fresenius Kabi AG (Germany), Mead Johnson Nutrition Company (U.S.), B.

Braun Melsungen AG (Germany), Hormel Foods, LLC (U.S.), Victus Inc. (U.S.), Meiji Holdings Co., Ltd.

(Japan), and Global Health Product Inc. (U.S.).

Market Segmentation                                              

1) Product                        

  • Polymeric
  • Monomeric             
  • Disease-Specific Formulas
  • Y-o-Y Growth Analysis, By Product              
  • Market Attractiveness Analysis, By Product            
  • Market Share Analysis, By Product              

2) Stage                             

  • Adults       
  • Pediatrics 
  • Y-o-Y Growth Analysis, By Stage    
  • Market Attractiveness Analysis, By Stage  
  • Market Share Analysis, By Stage    

3) Application                 

  • Oncology 
  • Gastroenterology
  • Neurology               
  • Y-o-Y Growth Analysis, By Application         
  • Market Attractiveness Analysis, By Application      
  • Market Share Analysis, By Application       

4) End Users                    

  • Hospitals  
  • LTCS           
  • Home Care              
  • Y-o-Y Growth Analysis, By End Users           
  • Market Attractiveness Analysis, By End Users        
  • Market Share Analysis, By End Users

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Latin America Enteral Feeding Devices Market Research Report:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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