Clinical Nutrition Market: Top 3 trends bolstering the industry outlook
Expansion of the baby boomer population infected with digestive ailments, encouraging the external supply of food with the help of parenteral or enteral routes will enhance the demand for clinical nutrition products. There is a consistent prevalence of chronic diseases including diabetes and cancer as well as a surge in the number of preterm births. Several governmental initiatives have been regulated to minimize malnourishment in children.
The rise in the number of birth rates in growing economies like India and developments in the home healthcare sector are fueling the consumption of home enteral nutrition formulae. The emergence of favorable reimbursement policies is another factor stimulating the adoption of clinical nutrition and dietetics.
A research report compiled by Global Market Insights, Inc., states that global clinical nutrition market size could be worth more than USD 87.53 billion in annual revenue by 2025.
Extensive scope across enteral nutrition
Annual revenue for the market from enteral clinical nutrition products is likely to witness a 6% CAGR over the next few years. This is owing to the increase in technical innovations in tubing feeds, pumps, and access devices that are excessively utilized in enteral nutrition. Recurring episodes of gut dysfunction, mechanical and neurological dysphagia among consumers will necessitate the enteral supply of nutrition.
Clinical nutrition market share from demand across children reached more than USD 31.608 billion in total remuneration in 2018. This can be attributed to the surge in the number of birth rates in emerging economies of the Asia Pacific and Africa together with the increase in cases of preterm births. There is also a robust requirement for milk-based infant nutrition formulae as well as the prominent presence of a malnourished child population in countries like India.
Regional trends in U.K. and Brazil
U.K. is expected to witness higher consumption of clinical nutrition products with the jump in the episodes of preterm births as well as the continued prevalence of chronic disorders across the country. Consistent adoption of home enteral feeding devices and the elevated elderly population base will boost the regional market.
Brazil clinical nutrition industry is expected to strike a 8.8% CAGR through 2025 considering the existence of a larger patient pool in the region. The collaboration with the American Society of Parenteral and Enteral Nutrition has led to rising developments in the clinical nutrition businesses. Also, the country has witnessed the launch of clinical nutrition programs like the Brazilian Society for Food and Nutrition (SBAN), inching towards the spiked demand for clinical nutrition formulae.
To access sample pages of this report titled, “Clinical Nutrition Market Size By Product [Infant Nutrition (Milk, Soy, Organic), Parenteral Nutrition (Amino Acids, Fats, Carbohydrates), Enteral Nutrition (Standard Composition, Disease Specific Composition)], By Consumer (Child, Adult), Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
Global demand for product innovations
Clinical nutrition suppliers are working on offering advanced clinical nutritional solutions to adults and children in a bid to strengthen their consumer base and extend their offerings across the world. The ongoing COVID-19 pandemic has further elevated the need for clinical nutrition, pushing the growth in newer research and strategies by the companies. For instance, Baxter International is in the process to promote a research study based on the use of indirect calorimetry (IC) to enhance the accuracy of measuring the nutritional needs of the COVID-19 infected individuals during their ICU stay.
Abbott Laboratories, Perrigo, B Braun Melsungen, Danone, Hospira, Mead Johnson, and Fresenius Kabi, are a few of the other leading brands in the clinical nutrition market. However, a dearth of awareness of clinical nutrition formulae in emerging countries and the regulation of stringent norms in developed nations will negatively impact the market trends.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.