Acknowledging the exponential growth, the market is witnessing currently; Market Research Future (MRFR) in its recently published study report asserts that the global clinical nutrition market will perceive colossal accruals by 2027 registering a striking CAGR during the forecast period (2016 to 2027). Increasing adoption of infant and child nutrition in developing countries due to the heady lifestyle is contributing to the market growth.
Clinical Nutrition refers to a therapeutic composition developed to meet a patient’s nutritional specific need. Prescribed by the physicians, these compositions help patients to gain particular nutrient required to manage certain diseases and specific health conditions. Clinical nutrition is usually prescribed during the treatments of chronic diseases like diabetes, cancer, COPD (chronic obstructive pulmonary disease), immune system disorders, and gastrointestinal disorders among others. The intake of clinical nutrition products has proven to be effective for fast recovery.
Increasing cases of chronic diseases and disorders related to heart, cancer, and diabetes are acting as a key force driving the growth of the market. Growing population and inappropriate practices are disturbing the ecological balance presenting complications associated with the lifestyle etc. Besides the increasing rate of accidents is prompting the demand for clinical nutrition needed during the recovery.
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Global Clinical Nutrition Market – Competitive Analysis
Highly competitive clinical nutrition market appears fragmented due to the presence of several major and small players. These players are competing based on portfolio, product differentiation, and pricing. Competitive strength of these players is dependent on, product precision, product pricing, product reliability, and versatility largely. The market is expected to witness intensifying competition owing to the expected improvement in the line of products, services& innovations.
Key Players:
Leaders in the global clinical nutrition market include Baxter International Inc., B. Braun Melsungen AG, Abbott Laboratories, Mead Johnson Nutrition Company, Nestlé S.A, Groupe, Danone, Fresenius Kabi, Perrigo Company Plc., and Hospira Inc.
Innovation/Industry/ Related News:
January 31, 2018 – Filament BioSolutions, Inc. (North America), a leading clinical nutrition therapeutics company announced its partnership with the University of Ottawa & Children’s Hospital (as a corporate partner) for the study of the clinical application of microbiome-based precision nutrition in inflammatory bowel disease (IBD). The research project valuing a USD 7.4M is funded by Genome Canada and the Canadian Institutes of Health Research (CIHR).
Global Clinical Nutrition Market – Segmentations
MRFR has segmented its analysis into three key dynamics for the convenience of understanding;
By Products: Comprises Enteral Nutrition, Infant nutrition, Parenteral Nutrition among other.
By End-users: Adult, Infants & Geriatrics and other.
By Regions: North America, APAC, Europe, and Rest-of-the-World.
Global Clinical Nutrition Market – Geographical Analysis
The Asia Pacific region accounts for the leading market for clinical nutrition. The region is expected to perceive a rapid growth during the review period. Increasing geriatric population is propelling the growth in the regional market.
The European and North American region accounts for the 2nd& 3rd largest markets, respectively, in terms of market shares.
The market growth of clinical nutrition in the North American region is projected to dip slightly whereas; the European market is expected to gain momentum by 2027.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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