Clinical nutrition market outlook and growth analysis by type – forecast 2030. The clinical nutrition market is estimated to expand at a CAGR of 2.8% during the forecast period from 2022 to 2030. The factors driving this growth include the rising frequency of metabolic disorders, the growing working class, and high spending on services and wellbeing worldwide, particularly in developing nations.
Over the past ten years, there has been an actual increase in the number of patients with metabolic disorders and occurrence diseases. This, along with the rising demand for novel treatments, has created growth prospects in emerging nations.
It has increased healthcare spending and is expected to continue as a trend over the next decade, benefiting market growth during this time period. Along with these factors, healthcare expenditure, particularly in several countries around the world, is having an impact on growth due to the high demand for advanced treatments and drugs. Furthermore, the many financing opportunities for key players to offer newer clinical nutrition programmes, as well as increased government investment, are benefiting the global clinical nutrition market’s growth. Furthermore, organisations such as the National Institutes of Health, the Robert Woods Johnson Foundation, the United States Department of Agriculture, and the Nestle Foundation are expected to fuel market growth in the near future.
Clinical malnutrition is a disorder that can be cured with the use of cutting-edge medical procedures and nourishing diet. The clinical nutrients, nutritious food, and supplements are taken into account as appropriate medications. Clinical nutrition products also assist in keeping patients healthy and assisting in the improvement of the human metabolic system by providing palatable supplements, such as vitamins, minerals, and other essential supplements. Throughout the anticipated time range, rising consumer demand for these clinical nutrition is predicted to fuel the market.
Competitive Analysis:
The global clinical nutrition market players include Abbott Laboratories, Baxter International, Inc, B. Braun Melsungen AG, GroupeDanone, Nestlé S.A, Mead Johnson Nutrition Company, Hospira, Inc, Fresenius Kabi AG, and Perrigo Company Plc. 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.
Segmentation:
The clinical nutrition market share is segmented on product and region.
On the based on the product, the market is segmented into infant nutrition, enteral nutrition, and parenteral nutrition. On the basis of infant nutrition, the market is further segmented into milk based, organic, soy based, probiotic/prebiotic, and other. On the basis of enteral nutrition, the market is segmented into standard and for chronic illness.
Regional Analysis:
Regionally, the clinical nutrition market is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, Asia Pacific is anticipated to be the largest market owing to presence of countries such as China and India. Additionally, comparatively higher birth rates, are expected to spur the demand for clinical nutrition products in the region.
North America accounted for third-largest share of around 23.1% share of overall revenue in 2014 and is estimated to witness fastest growth in the coming years. This growth is attributable to the increasing consumer awareness about health and wellbeing in the region. Additionally, high cost of healthcare is augmenting adoption of clinical nutrition products, which are driving growth of the global clinical nutrition market.
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