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.
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Future Drivers and Restraints Impacting the 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 – 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.
Clinical Nutrition Market – Segments
The Clinical Nutrition market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Product: Comprises infant nutrition, Enteral Nutrition, Parenteral Nutrition and other.
Segmentation By End User: Comprises infants, Adult and Geriatrics and other.
Segmentation By Region: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Clinical Nutrition Market – Regional Analysis
Geographically, the Clinical Nutrition Market 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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