Medical Nutrition Market Global Industry Size is expected to reach to the market value of USD 52,395.3 million by 2023 from USD 41, 014.8 million in 2017, and is expected to grow at CAGR of 5.0% during the forecast period from 2018 to 2023.
Clinical malnutrition is a condition, which can be treated with involvement of advanced treatments and nutritional food. The clinical nutrients and nutritional food with consideration as a proper medication, and supplements.
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This growth can be attributable on the factors impelling growth including increasing prevalence of metabolic issue, expanding working class, and high spending on services and wellbeing globally and especially in the developing economies.
Market Competitive Analysis:
These players are trying to initiate programs for awareness of improving knowledge and benefits of consuming clinical nutrition. Such factors are likely to benefit their sales in coming years.
Some of the major companies in the global medical nutrition market includes,
- Nestle Health Science
- Baxter Healthcare Corporation
- Sanofi
- Pfizer Inc.
- Abbott Nutrition
- GlaxoSmithKline PLC (GSK)
- Mead Johnson Nutrition Company
- Bayer AG
- Danone Nutricia
- Danisco (DuPont)
- Grifols SA
- Braun Melsungen AG
- Fresenius Kabi AG
- and Others.
Additionally, clinical nutrition products help keeping patients healthy and aiding to improve the metabolic system in human by supplying passable supplements, including vitamins, minerals, and other necessary supplements. Increasing consumption of these clinical nutrition are likely to drive the market during the estimated time frame.
Medical Nutrition Market Segmentation:
The global medical nutrition market is segmented on the basis of type (patient demographic), product type, route of administration, application, distribution channel, and region.
By Type: sports nutrition, pediatric nutrition, elderly nutrition, and parenteral nutrition.
By Product Type: amino acid solutions, lipid emulsions, trace elements, chamber bags, and a wide range of vitamin and antioxidant products.
By Route Of Administration: oral, parenteral, and others.
By Application: parenteral malnutrition, gastrointestinal diseases, neurological diseases, pulmonary diseases, renal failure, diabetes, and cancer.
By Distribution Channels: hospitals, retail pharmacies, compounding pharmacies, and e-commerce websites.
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Industry News:
In 2019, ASPEN and Fresenius Kabi are working together for awareness among clinicians by providing nutritional support by promoting a series of videos highlighting best applications for administering, dosing, preparing, and intravenous lipid emulsions (ILE). Such information and awareness are fueling the market growth in coming future.
In 2019, BSM Partners announced that the company is merging with the R.M. Streeter Animal Nutrition to form a BSM Clinical Nutrition. Through this merger, the firm will enhance its nutritional standards and collaborate with BSM Partners’ clients to create healthier.
Geographically, The Global Medical Nutrition Market Segmented By Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Americas
North America
US
Canada
South America
Europe
Western Europe
Germany
UK
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Middle East
Africa
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