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.
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.
Clinical Nutrition Market – Key Players
The key players profiled in Clinical nutrition market report include
- Baxter International Inc.
- Abbott Laboratories
- Braun Melsungen AG
- Nestlé S.A
- GroupeDanone
- Mead Johnson Nutrition Company
- Fresenius Kabi
- Hospira Inc
- Perrigo Company Plc
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Latest Industry News:
Feb 25th, 2019, the IAEA announced the launch of Coordinated Research Project (CRP) focused on childhood cancer to increase the survival percentage of children affected with cancer in Low- and Middle-Income countries (LMICs) by enhancing their nutritional support.
Feb 20th, 2019, Glanbia, an Ireland-based nutritional company, revealed in a statement that it is acquiring Watson Inc. for USD 89 million. The move will complement the Nutritional Solution business of Glanbia and help them widen their business portfolio.
June 2018 Functional Formularies have made a statement recently about an exclusive distribution partnership with Bowers Medical Supply that will make Nourish and Liquid Hope accessible to a great extent in the Canadian market. The products have been created using the Food as Medicine model and are sanctioned by Health Canada; both products will be easily accessible to Canadians who pick a nutritionally whole, organic feeding tube formula. The products can also be used orally. The partnership between Functional Formularies and Bowers Medical Supply will now make the products obtainable under many of the government programs in Canada.
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).
October 2017 Enzymotec has been acquired Frutarom for $168 million. This acquisition will contribute to the expansion in the fields of dietary supplements, designated foods for infants in infant formula, where Frutarom has almost no activity currently, and elderly clinical nutrition in which Frutarom is active.
Clinical Nutrition Market – Segments
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.
Clinical Nutrition Market – Regional Analysis
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.
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