Clinical Nutrition Market Highlights
Market Research Future reports say that the global clinical nutrition market would reach a higher valuation of its expected valuation by 2027. The predicted rate of growth for the market is mentioned to be substantial during the years from 2016 to 2027.
Top Market’s Drivers & Challenges
The study focuses on the fact that with the increasing aged population, the expenditure of clinical nutrition is estimated to rise in the future. Such a factor is framed to be an essential factor leading the market’s growth in the present years.
At the same time, due to the weak digestive framework at an old age, it becomes problematic for the human body to digest the required nutrients from food. Resulting from this, the loss of appetite is considered a significant issue due to which the elderly population does not get the necessary amount of nutrients. This is where clinical nutrition treatment is introduced. Such a factor has, therefore, become a key factor capitalizing the market of clinical nutrition treatment for the forecast period.
At present, clinical nutrition support is growing at a rapid pace. The global clinical nutrition market is going up with more factors such as high birth rate, a rise in the number of victims getting malnutrition treatment, and a high number of premature births. These have sored the use of clinical nutrition treatment and thus boosted its growth opportunities to the next level. All these factors have evolved as a vital factor causative to the growth of the market.
Furthermore, the study also reveals that the healthcare expenditure endures growing faster than economic growth in most of the countries, thus maintaining a trend observed over the decades. Therefore, as the healthcare expenditure increases in major countries of the world, the broader applicability of the treatment has provoked capitalized the market, which made it witness high growth in the forecast period.
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Clinical Nutrition Market Segmentation
The analysis of the global clinical nutrition market has studied the segmental analysis, which included segments such as product types.
The product type segment thus includes infant nutrition—which further gets segmented among milk, soy, organic, others, and probiotic/prebiotic. The segment of enteral nutrition includes standard and for chronic illness as well as parenteral nutrition.
Clinical Nutrition Market Regional Outlook
The regional scrutiny of the global clinical nutrition market has been done over the key regions of North America, Europe, Asia– Pacific and The Middle East& Africa.
Among these regions, in 2014, North America held the position of the third-largest market for clinical nutrition products, by occupying 23.1% of the global market share. The U.S. leads the market in the North American region. The growth in consumer awareness about health and wellbeing, along with the swelling healthcare cost, is inspiring the demand for clinical nutrition products in the region. With this, the high birth rate is also one of the main drivers of the market in the region.
Asia-Pacific has the highest growth in the market, in comparison to the other regions. This is mainly due to high levels of malnutrition and the incidence of severe chronic diseases in the region. Thus, owing to the augmented metabolic disorders and rising income inequality in various countries, the region is also probable to by stand robust growth over the forecast period.
Clinical Nutrition Market Key Players
The prominent key players that are involved in the Global Clinical Nutrition market are Hospira, Nestlé S.A, Abbott Laboratories, B. Braun Melsungen AG, Fresenius Kabi AG, Baxter International, Inc, Mead Johnson Nutrition Company, GroupeDanone, Inc, Perrigo Company Plc and among others.
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