Market Research Future published a cooked research report on “Global Clinical Nutrition Market Research Report – By Major Industry Trends, Business Analysis, Major Segments and Sub segments. Growing Geriatric Population to Stimulate the Global Clinical Nutrition Market during the Forecast Period 2018-2027.
Clinical Nutrition Market Scenario:
According to a new report by Market Research Future (MRFR), the global market for clinical nutrition is anticipated to expand at a staggering CAGR during the forecast period (2016-2027) owing to the growth of the geriatric population worldwide.
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Clinical nutrition focuses on the development of nutritional products, especially for the population suffering from diseases like chronic obstructive pulmonary disease, gastrointestinal disorders, immune system disorders, liver and kidney diseases, diabetes, cancer, and many more. With increasing age, the digestive framework of a person becomes weak and gets difficult for a human body to digest all the required nutrients. This is in turn affecting the global market positively.
Future Drivers and Restraints Impacting the Clinical Nutrition Market:
The market is expected to flourish owing to the increasing prevalence of chronic diseases, increasing awareness among people about the use of nutritional products, and high demand for clinical nutritional therapy. Moreover, the prevalence of lifestyle diseases such as addiction to alcohol and smoking, and obesity has mushroomed in recent years which has stimulated the market growth. Clinical nutrition is also becoming a vital field of interest, owing to the important nutrition that has to be provided to the patients during his or her stay at the hospital or nursing home as well as at home.
The global market is also expected to boom due to increasing malnutrition victims, higher birth rate, and increasing number of premature births. The growing demand for clinical nutrition among the infants is estimated to provide opportunities for clinical nutrition market globally.
Meanwhile, lack of awareness among people and strict government regulations, coverage and reimbursement are hindering the market growth for clinical nutrition globally. Marketing of clinical nutrition products is one of the key restraints to the growth of the market. The general perception possesses a threat in communicating the nutritional products developed to treat diseases like Alzheimer’s, diabetes, and obesity. Marketing of such nutritional products is a big challenge for the marketers and is acting as a hindrance to the growth of the global market.
Clinical Nutrition Market – Competition Analysis:
Some of the prominent players operating the global market for clinical nutrition are Baxter International Inc, Abbott Laboratories, B. Braun Melsungen AG, Nestlé S.A, Danone, Mead Johnson Nutrition Company, Fresenius Kabi AG, Hospira Inc, Perrigo Company Plc, and others.
Clinical Nutrition Market – Segmentation:
The global market for clinical nutrition has been segmented on the basis of product and region.
The market has been segmented into infant nutrition, enteral nutrition, and parenteral nutrition based on product. The segment for infant nutrition has been sub-segmented into soy-based, milk based, organic, probiotic, and prebiotic. The enteral nutrition segment has been sub-segmented into standard and chronic illness. Among these, the infant nutrition segment dominated the market and has been predicted to maintain its dominance over the forecast period. With the increased growth of malnourished babies and premature births, the market is anticipated to flourish in the coming years.
Increasing programs and awareness camps organized by organizations and the government coupled with introduction of nutritional products for the infants will showcase a positive growth in this market segment.
The growing geriatric population along with rising incidences of enfeebling diseases is anticipated to fuel the market growth for parenteral nutrition segment. Also growing number of patients suffering from chronic diseases such as Crohn’s disease, short bowel syndrome, cancer, and ischemic bowel disease requires external supply of nutrients which is expected to fuel the market growth.
Asia Pacific Predicted to be the Largest Market:
Geographically, the market for clinical nutrition has been segmented into Europe, North America, Asia Pacific, and Rest-of-the-World. Asia Pacific is predicted to be the largest market globally. Countries such as China and India have high birth rates which are expected to spur the demand for clinical nutrition products.
North America held the third-largest share in the market in 2014 and had accounted for 23.1 % of the global market share. The U.S. dominates the market in North America owing to the growth in consumer awareness along with increasing healthcare cost. Increasing birth rate is also one of the major drivers in this region.
ASPEN and Fresenius Kabi are creating awareness among clinicians who provide nutritional support by launching and promoting video series highlighting some of the best practices for administering, preparing, and dosing, intravenous lipid emulsions (ILE).
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