April 15, 2021
According to the business intelligence report titled ‘GLOBAL Clinical Nutrition Market 2019-2028’, available with Market Study Report, global clinical nutrition market size to register a yearly growth rate of 5.27% CAGR during forecast period 2019-2028.
Expert analysts cite that surging cases of chronic diseases like diabetes and cancer is warranting the growth of global clinical nutrition market as patients sufferings from such ailments are deprived of various essential nutrients.
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Further, increasing malnutrition victims across the globe is bolstering the demand for clinical nutrition products. Additionally, expanding geriatric population are adding considerable traction the industry growth. However, risk of infectious complications from enteral feeding, stringent regulatory framework, lack of awareness among the general public, and false perceptions regarding clinical nutrition are negatively impacting the industry outlook.
Based on application spectrum, global clinical nutrition industry is fragmented into neurological diseases, cancer, gastrointestinal disorders, metabolic disorders, and others. With respect to route of administration, the industry is classified into parenteral, enteral, and oral. Moving on, the end-user spectrum comprises geriatric, pediatric, and adults.
From a geographical perspective, North America (U.S., Canada), Asia Pacific (India, Japan, China, South Korea, ASEAN Countries, Australia and New Zealand), Latin America (Brazil, Latin America), Europe (Russia, France, Italy, Spain, Germany, U.K.), and Middle East and Africa (Turkey, United Arab Emirates, Saudi Arabia, South Africa) are the key contributors to the overall clinical nutrition market value.
North America is anticipated to capture majority of the industry share in the upcoming years, chiefly on the back of continuous R&D activities towards development of innovative clinical nutrition products and growing acceptance of preventive medical nutrition for treating several chronic diseases. Also, booming elderly population is accelerating the industry growth in the region.
Prominent players in global clinical nutrition industry sphere are Exela Pharma Sciences, LLC, Grifols, S.A., Danone S.A., Lonza Group AG, Sichuan Kelun Pharmaceutical Co., Ltd., Abbott Laboratories, Otsuka Pharmaceutical Co., Ltd., American Regent, Inc., Sanofi S.A., B. Braun Melsungen, Reckitt Benckiser Group plc, Baxter International, Inc., Meiji Holdings Company, Ltd., Avadel Pharmaceuticals plc, BASF SE, and Nestlé Health Science S.A.