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The Clinical nutrition market is estimated to be USD 54,849.7 Million in 2019 and it is expected to reach more than USD 10,5160 Million by 2028, likely to grow with a CAGR of 7.5 % during the forecast period
The practice of inspecting a person’s nutrient consumption for better health is called clinical nutrition. It accommodates particularly the scientific fields of nutrition and dietetics. Clinical nutrition pursuits to maintain fitness stability in individuals, in addition, to supply an adequate amount of other nutrients such as vitamins, and minerals.
Since the last few years, the prevalence of the metabolic disorder has been increased which is resulting in a greater number of patients to be diagnosed. This is putting a positive impact on the growth of the global clinical nutrition market in the coming future.
With the rapid growth of the elderly populace pool, the demand for enteral and parenteral diet will solely expand in the coming year and that is going to drive the clinical nutrition market.
The necessity to supply incessant care to the geriatric populace produces the demand for a range of clinical diet products. Elderly people having ingestion and intestinal issues are a primary customer base of clinical nutrition products worldwide. Furthermore, the rising number of people struggling with chronic stipulations like diabetes and cancer tangled with increasing geriatric populace base will power the clinical nutrition market over the forecast timeframe. Besides, an unhealthy eating behavior, physical inactivity is boosting the overweight populace that will drive the clinical nutrition industry progress. Almost 35% of American kids eat fast food on a daily basis leading to circumstances like obesity, cardiovascular diseases, and diabetes as per the CDC data. Most of the geriatric population has a loss of appetite or gastric problems, needing the supply of vitamins and nutrients, Thereby, empowering the clinical nutrition market growth. The growing demand for oral clinical nutrition prescriptions and a rising number of pharmaceutical producers across the globe are the reasons for growing competence in the clinical nutrition market. The wide variety of delicious and appetizing tastes of oral clinical nutrition medications is drawing the attention of the consumers. However, strict rules and regulations relating to clinical nutrition solutions combined with a lack of consciousness about clinical nutrition in emerging countries might hamper the global market growth.
Enteral Nutrition Segment is anticipated to be the Dominant Segment
Among all the disorder types, the Enteral Nutrition segment is anticipated to dominate the global market by holding a major share. Increasing occurrences of chronic diseases have influenced the boom in clinical nutrition medicines as patients suffering from such conditions are deprived of a few fundamental nutrients.
North America Accounted for the Largest Market Share
Geographically, in North America, the U.S. clinical nutrition market grossed over USD 10,876.7 million in 2019 owing to high implementation of deskbound lifestyle and unhealthy dietetic behaviors resulting in the significant number of people suffering from chronic conditions. The development of healthcare programs along with growing consciousness about clinical nutrition will drive the U.S. market over the forecast time period.
In the Asia Pacific region, the Chinese clinical nutrition industry is projected to upsurge with a CAGR of over 9.1% attributed to the growing occurrence of chronic ailments along with an extensive number of the geriatric populace suffering from the weakening disorders. Rising premature delivery and a prominent number of undernourished kids in the country will arouse demand for clinical nutrition products. Additionally, the Japanese market is likely to grow with a CAGR of 7.9% owing to a large elderly people base in addition to growing occurrences of chronic disorders comprising cancer and diabetes mellitus.
Brazil's market held the largest market share in the Latin America region. The industry development will be driven by the growing overweight populace and rising occurrences of chronic disorders. The growing frequency of premature deliveries leading to a rise in demand for clinical nutrition will favor clinical nutrition market growth in Brazil.
In the African region, the existence of organizations like South African Society for Enteral and Parenteral Nutrition generating consciousness about clinical nutrition in South Africa linked with the increasing problem of debilitating ailments will boost the South Africa clinical nutrition market. Besides, health infrastructure progress and the growing public, along with initiatives taken by private companies to upsurge sales of nutritional formulae in the country, will drive market growth over the forecast timeframe.
Industry corporations are concentrating on the development approach through a variety of inorganic techniques such as acquisition, merger, strategic partnership, and others to achieve considerable market share as well as reinforce its product portfolio. Growing consciousness about clinical nutrition has surged demand for pediatric along with adult nutrition formulae.
Abbott Laboratories acquired St. Jude Medical
Abbott Laboratories, one of the prominent players in the global market acquired St. Jude Medical in order to expand its clinical nutrition segment.
Some noteworthy organizations of the worldwide clinical nutrition market are Mead Johnson, Danone, Perrigo, Abbott Laboratories, Fresenius Kabi, Nestle, and B Braun. Merger and acquisition, deliberate coalitions and geographical extension policies are foremost approaches implemented by market players to combine their market position.
Global Clinical Nutrition Market - Segments
Global Clinical Nutrition by Product
- Enteral Nutrition
- Standard Nutrition
- Enteral Nutrition for Chronic Illness
- Parenteral Nutrition
- Amino acids
- Infant Nutrition
Global Clinical Nutrition by Type of Diseases
- Nutritional support in Cancer
- Nutritional support in Gastrointestinal Disease
- Nutritional support in Neurological Diseases
- Nutritional support in Renal Diseases
- Nutritional support in Respiratory Diseases
- Nutritional support in Other Diseases
Global Clinical Nutrition by End-Users
Global Clinical Nutrition by Region
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa