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.
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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.
Major Driving Factors of Indiana Homecare Enteral Feeding Standard Formula Market
· Aging population: Indiana, like many other states, has a growing aging population. As people age, they may experience difficulty in consuming regular food and require enteral feeding formulas to meet their nutritional needs. The increasing elderly population is driving the demand for enteral feeding formulas in the homecare setting.
· Prevalence of chronic diseases: Chronic diseases such as cancer, gastrointestinal disorders, and neurological conditions can often lead to difficulties in swallowing or digesting food. Patients with these conditions may require enteral feeding formulas to ensure proper nutrition. Indiana's population prevalence of chronic diseases contributes to the demand for enteral feeding formulas.
· Homecare preference: Many patients prefer to receive care in the comfort of their homes rather than in hospitals or other healthcare facilities. Homecare allows patients to maintain their independence and receive personalized care. The convenience and cost-effectiveness of homecare drive the demand for enteral feeding formulas in Indiana.
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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