Canada Clinical Nutrition Market to Surpass US$ 928 Mn by 2030 - Coherent Market Insights

According to Coherent Market Insights, the Canada Clinical Nutrition Market is estimated to be valued at US$ 642.9 million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).

Clinical nutrition products include nutritional supplements and medical foods that help manage chronic disease conditions such as diabetes, hypertension, cancer, chronic kidney disease. Clinical nutrition replaces or supplements regular diet to meet nutritional requirements.

Market Dynamics:

Rising prevalence of chronic diseases like diabetes, cancer, and cardiovascular diseases have increased the demand for clinical nutrition products in Canada. According to Public Health Agency of Canada, nearly 6 million adults aged 18 or older have been diagnosed with at least one or more chronic diseases. Moreover, nearly 63% of Canadian adults are either overweight or obese. Obesity is a major risk factor for diabetes, cancer, and heart diseases. Thus, growing rates of obesity and associated diseases are expected to drive the demand for clinical nutrition products over the forecast period. Further, increasing awareness about benefits of clinical nutrition in managing health conditions is also expected to propel the market growth.

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Competitive Landscape

In the segment specifically devoted to leading companies in the Canada Clinical Nutrition Market of the market analysis document, our researchers provide a summary of the financial statements of all the major companies, covering their noteworthy developments, product benchmarking, and SWOT analysis. The corporate profile copy also includes financial information and a business summary. The businesses in this area can be customized to match the unique needs of the client.

Some of the Top Players in Canada Clinical Nutrition Market: 

Abbott Laboratories, Baxter International Inc., Fresenius Kabi AG, NESTLÉ S.A., DANONE S.A., B.Braun Melsungen AG, Mead Johnson & Company, LLC, Perrigo Company PLC, Koru Nutrition Inc., and Koninklijke DSM N.V.

Market Driver:

As the Canadian population ages, more people are living with chronic diseases and health conditions that require specialized nutrition. According to Statistics Canada, nearly one-fifth of Canadians were aged 65 and over in 2017, and this senior population is expected to increase dramatically over the next 25 years. Aging presents new challenges for overall health and nutrition needs. Older adults are more susceptible to chronic illnesses like cancer, diabetes, cardiovascular disease, and obesity. These conditions often require therapeutic clinical nutrition support through food and supplements to manage symptoms and promote recovery or slow disease progression. The growing prevalence of chronic disease and increasing life expectancy mean demand for specialized nutrition products in healthcare settings and for at-home use will continue rising.

Market Restraint:

While demand drivers point to market growth opportunities, government funding and reimbursement policies can pose restraints. Healthcare costs associated with an aging population and rise in chronic conditions put pressure on public health budgets. The Canadian government seeks to contain costs by limiting coverage of clinical nutrition under public drug and medical plans. Only formulations deemed medically necessary may qualify for reimbursement. This narrowed coverage focuses funding on acute inpatient needs and can restrict access to outpatient and community-based services. Operators in the clinical nutrition space must find ways to provide specialized products and programs cost-effectively in order to serve those populations whose nutrition needs fall outside of publicly subsidized parameters.

Market Opportunity:

Advances in formulation and delivery methods are enhancing the viability and adoption of home clinical nutrition programs. Where hospitalization was once required, many therapeutic nutrition regimens can now be safely managed at home with proper support. This shifts the site of service from heavily subsidized hospitals and clinics to the private home setting. Home nutrition opens up a major market opportunity by expanding access to a wider range of patients and conditions. Vendors are investing in telehealth technologies and nutrition support programs to facilitate remote monitoring. Home delivery of customized formulas and meal replacement products also allows seniors and consumers with chronic disease to receive ongoing specialized nutrition outside of traditional care facilities. 

Market Trend:

Personalization is a key trend influencing innovation in the clinical nutrition space. One-size-fits-all approaches do not account for individual variability in nutritional needs, lifestyle factors, disease progression, and goals of care. advances in omics sciences like nutrigenomics and metabolomics enable more precise nutrition recommendations tailored to a person's unique biology, biomarkers, and condition. Software tools facilitate customized formula design. Products are also aiming to offer improved taste, texture and convenience tailored to personal preferences. The shift toward holistic, individualized nutrition interventions addresses a push for more patient-centered care and quality of life considerations. Vendors adept at developing highly personalized solutions stand to gain competitive advantage in the evolving Canada clinical nutrition marketplace.

Regional Analysis -

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
Latin America (Colombia, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Reasons to Purchase this Report:

✔ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
✔ Reports provide opportunities and threats faced by suppliers in the Canada Clinical Nutrition industry around the world.
✔ The report shows regions and sectors with the fastest growth potential.
✔ A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
✔ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
✔ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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