Clinical Nutrition Market Size
As per the report published by Market Data Forecast, the size of the global clinical nutrition market is forecasted to grow USD 17.1 billion by 2025, showcasing a CAGR of 4.13% between 2020 to 2025.
Key Market Drivers:
Rising incidences of chronic diseases and an increasing elderly population across the globe are propelling the demand of the clinical nutrition market. In addition, ongoing R & D activities in healthcare by government organizations is leveling up the growth rate of the market. Adoption of advanced technologies and growing demand for clinical nutrition products are also leveraging the growth rate of the market enormously. Due to the occurrence of digestive problems in old age people, the demand for clinical nutrition products increases, which is an attribute for market growth. The rise in the number of premature birth and the growing number of children receiving malnutrition treatment are majorly driving the growth rate of the market. According to the world health organization (WHO), every year, 15 million preterm babies are born worldwide. This is surging the demand of this market.
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Significant Challenges:
However, stringent regulation and rules by the government in approving the new products are restraining the growth rate of the market. Also, less awareness and fluctuations in the manufacturing rate of the nutritional products in some areas are slowly degrading the growth rate of the market.
COVID-19 Impact on the global clinical nutrition market:
COVID-19 has impacted positively on the growth rate of the market. Some of the patients affected with the coronavirus show up with nutrition deficiency, where it is essential to take clinical nutritional products. From the start of the coronavirus, the demand for nutritional supplements has been raised significantly. It is expected that the growth rate of the market rises prominently by 2021.
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This market research report on the global clinical nutrition market has been segmented based on the route of administration, therapeutic areas, ingredients type, and region.
By Route of Administration:
- Oral Nutrition
- Enteral Nutrition
- Parenteral Nutrition
By Therapeutic Areas:
- Malabsorption
- Diarrhea
- Cancer
- Food Allergies
- Maldigestion
- Diabetes
- Short-Bowel Syndrome
- Acute Lung Injury
- Acute Respiratory Distress
By Ingredients Type:
- Vitamins
- Minerals
- Carbohydrates
- Amino Acids
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
North America is holding with the highest shares of the market owing to growing incidences of chronic illness such as cancer and cardiovascular problems. Increasing the economy and rise in the demand for multivitamin supplements is greatly enhancing the growth rate of the market. In the U.S., it is expected that the geriatric population is to reach 77 million by 2034, according to a survey conducted by the U.S. Census Bureau. Increasing expenditure on healthcare is greatly influencing the growth rate of the market. It is projected that spending on healthcare is expected to reach USD 6.0 trillion by 2027 in the U.S.
Europe is next to North America in leading with the dominant shares of the market with the emergence of the latest technologies in the medical sector and creating awareness through digital advertisements. Government initiatives to regulate enteral products is anticipated to create growth opportunities for the market. Also, the growing demand for over counter drugs is elevating the demand for the clinical nutrition market.
The Asia Pacific is deemed to hit the highest shares of the market. India and China are the major countries contributing to the highest shares of the market. The growing population and increasing people suffering from diabetes are likely to fuel the growth rate of the market.
TOP COMPANIES IN THIS MARKET:
Companies that are playing a promising role in the global clinical nutrition market profiled in this report are Nestle Nutrition, Abbott Laboratories Inc., Gentiva Health Services Inc., Mead Johnson & Company, Kendall, Ajinomoto Co. Inc., Hospira Inc., Hero Nutritionals Inc., Lonza Ltd, Baxter International Inc., B. Braun Melsungen AG, H., J. Heinz Company, American Home Patient Inc. and Fresenius Kabi.
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List of Tables and Figures of the report:
- Global Clinical Nutrition Market, By Region, From 2020 to 2025 (USD Million)
- Global Clinical Nutrition Market, By Route of Administration, From 2020 to 2025 (USD Million)
- Global Oral Nutrition Market, By Region, From 2020 to 2025 (USD Million)
- Global Enteral Nutrition Market, By Region, From 2020 to 2025 (USD Million)
- Global Parenteral Nutrition Market, By Region, From 2020 to 2025 (USD Million)
- Global Clinical Nutrition Market, By Therapeutic Area, From 2020 to 2025 (USD Million)
- Global Malabsorption Market, By Region, From 2020 to 2025 (USD Million)
- Global Diarrhea Market, By Region, From 2020 to 2025 (USD Million)
- Global Cancer Market, By Region, From 2020 to 2025 (USD Million)
- Global Food Allergies Market, By Region, From 2020 to 2025 (USD Million)
- Global Maldigestion Market, By Region, From 2020 to 2025 (USD Million)
- Global Diabetes Market, By Region, From 2020 to 2025 (USD Million)
- Global Short-Bowel Syndrome Market, By Region, From 2020 to 2025 (USD Million)
- Global Acute Lung Injury Market, By Region, From 2020 to 2025 (USD Million)
- Global Acute Respiratory Diseases Market, By Region, From 2020 to 2025 (USD Million)
- Global Clinical Nutrition Market, By Ingredients Type, From 2020 to 2025 (USD Million)
- Global Vitamins Market, By Region, From 2020 to 2025 (USD Million)
- Global Minerals Market, By Region, From 2020 to 2025 (USD Million)
- Global Carbohydrates Market, By Region, From 2020 to 2025 (USD Million)
- Global Amino Acids Market, By Region, From 2020 to 2025 (USD Million)
- 70+ More
Browse Regional Reports:
- North America Clinical Nutrition Market
- Europe Clinical Nutrition Market
- Asia Pacific Clinical Nutrition Market
- Latin America Clinical Nutrition Market
- MEA Clinical Nutrition Market
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