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Global Clinical Nutrition Market Analysis by Recent Developments and Business Outlook 2022-2030
Inkwood Research estimated that the Global Clinical Nutrition Market is predicted to project a CAGR of 5.11% in terms of revenue during the forecast period, 2019-2028."Browse 40 Market Data Tables and 46 Figures spread over 150 Pages, along with an in-depth TOC on the Global Clinical Nutrition Market Forecast 2019-2028."
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Clinical nutrition is specialized pharmaceutical supplements designed for those who have nutritional deficiencies by nature. This may be attributed to some disorder, medical condition, or disease. They enhance the nutritional intake, and improve the body mechanism. The rising incidences of malnutrition and the growing number of chronic disorder cases are raising their demand in the global market.
Increasing Malnutrition in Patients Drives Market Growth
Malnutrition is a prevailing condition that affects millions of people worldwide. It occurs as a result of essential nutrients deficiency. Across the world, almost 40% of hospital patients are malnourished. Clinical nutrition thus becomes an ideal way to treat malnutrition. The growing number of malnutrition cases across the globe is projected to result in the rising usage of healthcare resources. This is because of the longer duration of stay in hospitals.
In the US, the expenses total to $49 billion per year that involve malnutrition. Recent research, in accordance with nutritional habits and calorie intake of 10,000 patients of 245 hospitals, suggests that 51% of patients have reduced their meal intake to half of their regular capacity. The study also inferred that around 50% of infectious diseases patients were prone to malnutrition. Several studies have confirmed that nutrition can eliminate complications and hasten recovery.
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Cancer remains the most Dominant and Prominent Application
Cancer affects the smell, appetite, taste, along with food and nutrient intake. The most common causes of malnutrition in cancer patients are cachexia and anorexia. Nutritional deficiency affects almost 15-40% of cancer patients. The nutrition therapy aids the patients in maintaining body health, strength and tissue sustenance, and minimizing side effects of treatment. For patients with digestive system cancer, nutritional support is more often prescribed. This is because of their disposition to malnutrition and weight loss. Thus, the rising incidences of cancer cases offer a conducive environment for market growth.
North America is set to be the Major Region by 2028
North America has a surging geriatric population, along with the rising number of chronic disease cases, like diabetes and cancer. The region benefits from R&D activities in clinical nutrition. The US dominated the overall region, and is projected to maintain this trend throughout the forecast period. Preventive medical nutrition is being eagerly adopted by clinics and hospitals in North America.
The vendors in the market are competing against each other for attaining major market share. They are adopting several expansion strategies like partnerships, mergers & acquisitions, and partnerships with the R&D department and distribution channels. Abbott Laboratories, BASF SE, Lonza Ltd, Sanofi, B. Braun, etc. are some of the eminent companies present in the market.
Related Reports:
GLOBAL ANIMAL NUTRITION MARKET
GLOBAL ORGANIC DAIRY FOOD & BEVERAGE MARKET
GLOBAL FERMENTED FOOD AND INGREDIENTS MARKET
GLOBAL FUNCTIONAL CARBOHYDRATES MARKET
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