Global clinical nutrition market to record 5.3% CAGR through 2027
Global Clinical Nutrition Market - Overview
According to the research report titled ‘Global Clinical Nutrition Market Size study, by Route of Administration (Oral, Enteral, Parenteral), by Application (Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders, Others), by End-User (Pediatric, Adults, Geriatric) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global clinical nutrition market was worth USD 33 billion in 2019 and is anticipated to record a y-o-y growth rate of 5.3% during 2020-2027.
Increasing number of patients using advanced nutritional products and rising pervasiveness of chronic conditions are primarily driving global clinical nutrition market growth.
For those unversed, clinical nutrition is a pharmaceutical product which helps in maintaining the patient’s health by providing adequate amount of nutrients like proteins, vitamins, and minerals. This nutrition improves metabolic functions in the body and is utilized in treatment of various chronic and acute diseases linked with malnutrition & clinical nutrition therapies.
Moreover, clinical nutrition helps in maintaining a proper diet and balanced functioning of the body. Extensive usage in ambulatory care settings including renal dialysis, trauma, cancer, cardiac rehabilitation, pediatrics, nutrition support, diabetes, and wellness centers based intervention programs is boosting the global clinical nutrition industry expansion.
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Though many sectors faced severe challenges amidst the COVID-19 pandemic, owing to strict steps taken to prevent the virus spread, however, global clinical nutrition industry witnessed a boom. Many regional governments have accepted the importance and are working towards reimbursements of clinical nutrition as it is beneficial for COVID-19 patients.
On the downside, strict regulations and lack of awareness are anticipated to hamper global clinical nutrition market outlook over the study period.
Highlighting the market segmentations:
Based on route of administration, the market is split into parenteral, enteral, and oral. Speaking of application spectrum, worldwide clinical nutrition market is divided into metabolic disorders, gastrointestinal disorders, neurological diseases, cancer, and others. Elaborating on end-user scope, the industry is bifurcated into geriatric, adults, and pediatric.
As per geographical terrain, Asia Pacific presently leads the worldwide clinical nutrition market and is reckoned to gain traction through 2027, on account of concentration of manufacturers in the region and growing adoption of clinical nutrition products. In addition, growing elderly population, along with rising pervasiveness of chronic diseases and metabolic disorders are also contributing to the regional market outlook.
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Leading organizations influencing global clinical nutrition market trends are Danone Nutricia Academy, Baxter International Inc., Mead Johnson & Company LLC, Hero Nutritionals Inc., Nestlé S.A., Lonza Group AG, Pfizer Inc., Perrigo Company Plc, Fresenius SE & Co. KGaA, B. Braun Melsungen AG, and Abbott Laboratories.
U.S. Clinical Nutrition Market Size, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
U.S. clinical nutrition market is expected to register substantial gains over the coming years, as per new research report. This can be primarily attributed to the booming elderly population in the country. With majority of the U.S. population following a sedentary lifestyle as well as unhealthy diet choices, the number of metabolic disorders such as diabetes and hypercholesterolemia is likely to rise, which will bolster the industry outlook. A substantial rise in the number of working mothers in the U.S. is anticipated to boost the market for infant nutrition supplements and products. Working mothers are increasingly being considered the backbone of the U.S. economy. With the increasing cost of living, working has become an economic necessity for many women in order to support their family. Today, over half of mothers with young children work, compared to just about one-third in the 1970s. Majority of women also return to work soon after giving birth due to the risk of losing future career opportunities.
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