Increasing cases of malnutrition and awareness among people towards health and fitness to drive global clinical nutrition market
According to TechSci Research report, “Global Clinical Nutrition Market By Route of Administration (Oral, Intravenous), By Nutrition Type (Enteral Nutrition, Parental Nutrition), By Application (Metabolic Disorders, Eating Disorders, Stages of Development and Recovery, Others), By End User (Infant & Child, Adults, Geriatrics), By Substrates (Energy, Carbohydrates, Lipids, Proteins & amino acids, Water & electrolyte, Dietary fiber, Antioxidants), By Region, Competition, Forecast & Opportunities, 2025”, the Global clinical nutrition market was valued at USD 54.85 Billion in 2019 is estimated to grow at an impressive rate of 7.36% during the forecast period owing to increasing cases of chronic diseases and increasing awareness pertaining to health and fitness among people. The growing rate of chronic diseases in both developed and developing nations, rise in global population, increase in disposable income, and surge in cases of premature birth are some of the key factors behind the growth of the clinical nutrition market, globally. Over the years, there has been a rise in the disposable income of the middle-class population, especially in emerging economies, which has enhanced their purchasing power. More people are now able to spend on healthcare. One of the other key factors behind the growth of the clinical nutrition market is the growing geriatric population across the globe. However, lack of awareness about clinical nutrients and high cost or side effects of nutritional products might hamper the growth of the market. The decrease in fertility rates and the prevalence of several diseases among this population is stressing the need for a global clinical nutrition market. Moreover, with the rising prevalence of metabolic diseases, the number of patients opting for the diagnosis of metabolic disorders has also increased over the years, thereby fueling market growth. Furthermore, various governments and international organizations are taking initiatives to improve the health rate, and thus, increasing investments in the healthcare sector and funding from international and national organizations is further propelling the growth of the market across the globe.
However, there are some factors such as stringent regulatory scenarios and lack of awareness related to clinical nutrition which might hamper the growth of the clinical nutrition market.
The global clinical nutrition market is segmented based on the route of administration, nutrition type, application, end-users, substrates, company, and region. Based on the route of administration, the market is further segmented into oral and intravenous. Among them, the oral endoscopic route of administration occupied the lion’s share in the market in 2019 as it is preferred by the majority of people since it involves lesser complexities and low cost. Based on nutrition type, the market is segmented into enteral nutrition and parental nutrition. Enteral nutrition is further divided into oral nutrition supplements and tube feeding. The parental nutrition segment is divided into supplemental parenteral nutrition, total parenteral nutrition, all-in-one system, and multiple bottle system. Globally, enteral nutrition is anticipated to hold a dominant market share until 2025 in terms of revenue owing to their ease of administration and wide availability of products like powders, capsules, soft gels, and liquids.
Nestle S.A., Danone S.A., Abbott Nutrition, Fresenius SE & Co. KGaA, Otsuka Holdings Co. Ltd., Baxter International Inc., B Braun Melsungen AG, Meiji Holding Co. Ltd., BASF SE, CONMED Corporation, Lonza Group AG, Vesco Medical LLC, Perrigo Company Plc, Pfizer Inc., Reckitt Benckiser Group Plc., and others are some of the leading players operating in the global clinical nutrition market.
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“Major market players in clinical nutrition are expanding their businesses through mergers & acquisitions and strategic collaborations. The usage of nutritional products in-home care sector has created more growth opportunities for companies. Over the last decade, more than 50 percent of the market share was held by the infant nutrition market segment. Hence this segment has huge growth potential for manufacturers. Therefore, the companies need to focus on launching innovative and newer clinical nutrition products to maintain a stronghold in the ever-evolving global market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Clinical Nutrition Market By Route of Administration (Oral, Intravenous), By Nutrition Type (Enteral Nutrition, Parental Nutrition), By Application (Metabolic Disorders, Eating Disorders, Stages of Development and Recovery, Others), By End User (Infant & Child, Adults, Geriatrics), By Substrates (Energy, Carbohydrates, Lipids, Proteins & amino acids, Water & electrolyte, Dietary fiber, Antioxidants), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global clinical nutrition market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global clinical nutrition market.
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