Global Clinical Nutrition Market 2021 | By Top Leading Vendors like Nestle, Baxter, Fresenius Kabi, and More...

Clinical Nutrition Market

Clinical nutrition is a practice of ensuring the intake of adequate amounts of nutrients for maintaining good health. It also involves a medical nutrition therapy that uses a clinical approach in managing certain chronic conditions. Clinical nutrition is broadly categorized into enteral nutrition, parenteral nutrition, and infant formula. Rising prevalence of chronic diseases, growing awareness about clinical nutrition, and increasing consumers’ spending on nutritional products are majorly driving the demand for such products. Apart from this, the market is witnessing a considerable surge in the growth on account of the increasing number of preterm births and rising middle-class population in the developing economies. It is estimated that the middle-class population in the low- and middle-income countries would rise from 5% in 2005 to 25% in 2030. China alone is expected to add over 1 billion people by 2030. Rising investments for nutrition also support market growth. For instance, the Power of Nutrition Initiative aims to generate funding of USD 1 billion by 2022 to fight undernutrition.

The Major Players Covered in this Report:
Abbott, Nestle, Baxter, Fresenius Kabi, Reckitt Benckiser, and B Braun. 

In 2020, the global Clinical Nutrition market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.

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By Type, Enteral , Parenteral , Infant formula

By Age Group, Infants , Children , Adults , Geriatric

In 2017, ischemic heart diseases, stroke, and chronic obstructive pulmonary disorders caused about 1 million death each. Therefore, the importance of clinical nutrition is growing in the dietary management of chronic conditions such as for overweight and obesity, cardiovascular diseases, cancer, and diabetes. The annual economic burden of medical treatment of obesity on the U.S. economy is estimated at around USD 147 billion. Dietary interventions have proven an effective way in the clinical management of obesity, which helps in reducing the cost of medical treatment of obesity significantly. For instance, the dietary intervention can reduce obesity-related costs by up to USD 84.9 billion until 2030.

Regional Analysis For Clinical Nutrition Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Clinical Nutrition are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

What Factors are Leading the Market Growth?

Shifting trend towards preventive care is also boosting the demand for various clinical nutrition interventions. Rising awareness pertaining to the disease management of chronic illness has increased the adoption of clinical nutrition products. Manufacturers are striving to increase awareness regarding clinical nutrition. In November 2019, Abbott launched a new television ad film campaign ‘#StrongerTogether’ emphasizing the importance of their proprietary formula to keep in check the muscle loss and strength in the population aged over 40. According to Abbott citing, people over 40, lose 8% of their muscle every decade. This population is also at significant risk of facing disabilities in performing everyday tasks.

The clinical nutrition market, as a whole, is going through a growth phase of the product lifecycle. In the last five years, these products have witnessed a tremendous growth in the adoption, which, in turn, added more value to generating revenues.

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