Fatpos Global has released a report titled “Clinical Nutrition Market – Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 27.16 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 6.4% between 2021 and 2031. According to the report, the rise in the prevalence of metabolic disorders, high healthcare spending, and the rise of the middle class in emerging economies are driving the global clinical nutrition market's growth. Furthermore, the growing elderly population and the development of clinical nutrition products tailored to the needs of the elderly are expected to fuel market growth.
The market report on global Clinical Nutrition Market includes in-depth insights as:
- Global Clinical Nutrition in North America held the largest market share in the year 2020.
- Based on application, global Clinical Nutrition Market is fragmented into Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders and Others
- Global Clinical Nutrition Market is classified on the basis of end user into Pediatric, Adults and Geriatric.
- Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
“The rising prevalence of chronic diseases such as cancer and cardiovascular disorders, malnutrition, respiratory diseases, and gastrointestinal diseases among children and adults is contributing to an increase in the demand for nutritional assistance. Malnutrition, micronutrient deficiency, and dehydration are common in patients suffering from neurological diseases. Multiple sclerosis, Parkinson's disease, and oropharyngeal dysphagia are a few examples of such neurological ailments. Oropharyngeal dysphagia, which is most common in the elderly population, is also common in dementia patients. Poverty and overpopulation are two other factors that contribute to the spread of malnutrition in developing countries”, said a lead analyst at Fatpos Global.
A clinical nutrition product is a type of pharmaceutical product that aids in the maintenance of a patient's health. It contributes to the improvement of the metabolic system by providing adequate supplements such as minerals, vitamins, and other nutrients. Clinical nutrition diagnoses and treats diseases that affect the intake, intestinal absorption, and metabolism of dietary constituents, as well as promotes health through diet-related disease prevention. It is applicable in both acute and ambulatory care settings, such as cardiac rehabilitation, renal dialysis, diabetes, paediatrics, nutrition support, cancer, trauma, wellness centres, and community-based intervention programmes.
Based on application, global Clinical Nutrition Market is fragmented into Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders and Others. During the forecasted period, cancer held the largest market share. The growing geriatric population base, combined with an increase in the number of people suffering from chronic conditions such as cancer and diabetes, is expected to drive the market over the forecast timeframe. The rising prevalence of chronic diseases has prompted an increase in clinical nutrition prescriptions, as patients suffering from such conditions are deficient in a number of essential nutrients. Furthermore, the growing obesity population as a result of poor dietary habits and physical inactivity will drive industry growth.
Key Players in the Market
Some of the key players operating in the global Clinical Nutrition Market are Nestle SA, Baxter International Inc, Abbott Laboratories, Braun Melsungen AG, GroupeDanone, Mead Johnson Nutrition Company, Fresenius Kabi AG, Hospira Inc, Perrigo Company Plc and Other Prominent Players
Get Valuable Insights into Global Clinical Nutrition Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Clinical Nutrition Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. Based on Application, global Clinical Nutrition Market is fragmented into Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders and Others. Global Clinical Nutrition Market is classified on the basis of End User into Pediatric, Adults and Geriatric. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
