Clinical Nutrition Industry Growth Assessment, Future Trends, and Business Opportunities
21 June 2019, Global clinical nutrition market is anticipated to witness an exponential growth in the forecast
period. Clinical nutrition implies the correlation between human bodies and
nutrients. Clinical nutrition is proportional to the treatment and diagnosis of
diseases that affect the absorption, intake, and metabolism of dietary
elements. It also stimulates health through prevention of diet-related
diseases.
The factors that propel
the growth of the market include growing aged population, escalating birth rate
and premature births, rise in diabetes and metabolic disorders, changing
dietary habits and lifestyle, and increasing number of malnutrition-patients.
On the other hand, there are factors that may hamper the growth of the market
including strict government regulations and lack of awareness among consumers
regarding clinical nutrition products. Clinical nutrition market is anticipated
to expand at a significant CAGR of 5.31% in the upcoming period as the scope,
product types, and its applications are increasing across the globe.
Market could be explored
by product type, type of disease, application, end user, and geography. Market
could be explored by product type as Infant (Soy-based, Organic, Milk-based and
Others), Enteral nutrition (Chronic Illness and Standard), and Parenteral
nutrition. Based on the type of disease, the market could span Nutritional
support in Neurological Diseases, Nutritional support in Gastrointestinal
Disease, Nutritional support in Cancer, Nutritional support in Respiratory
Diseases, Nutritional support in Renal Diseases, and Nutritional support in
Other Diseases.
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| Clinical Nutrition Industry |
The key applications that could be
explored in the market include Therapeutic Area (Nephrology, Gastroenterology,
Oncology, Diabetes, Neurology, Critical Care, and Immunology) and Healthcare
Setting (Nursing Homes, Inpatient Rehabilitation Facilities, Acute Care
Hospitals, and Home Care Settings). The market could be explored based on end
user as Infant and Child, Geriatrics, and Adults.
Asia-Pacific accounted for the major
share of the clinical nutrition market in 2016 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include
growing number of patients, high occurrence of chronic diseases, rising aged
population, increasing awareness regarding enteral nutrition products, presence
of established healthcare infrastructure supporting parenteral nutrition, and
emerging economies. Asia-Pacific is followed by North American owing to growing
aged population and increasing demand for junk food.
Some of the key players that fuel the
growth of the clinical nutrition market comprise Ajinomoto Co. Inc., Abbott
nutrition Inc., B. Braun Medical Inc., Baxter International Inc., Fresenius
Kabi AG, Danone Baby and Medical Nutrition BV, Perrigo Company Plc, Hospira
(Pfizer) Inc., Gentiva Health Services Inc., Nestle SA, and Hero Nutritional
Inc. The leading companies are taking up strategies such as partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
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