Press release
Clinical Nutrition Market Rising at 7% CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges
Considering the regional trends, Asia Pacific captured 40% of overall clinical nutrition industry share in 2015 and is projected to cross a revenue of USD 30 billion by 2024. High birth rate, swift economic development, and developing healthcare facilities are the key attributing factors toward the regional growth. China clinical nutrition industry, worth USD 6 billion in 2015, is forecast to grow at a CAGR of 9% over 2017-2024 subject to the high occurrence of diseases caused due to metabolic malfunctioning.
Clinical Nutrition Market size is set to exceed USD 80 billion by 2024 and is expected to witness more than 7% CAGR till 2024; according to a new research report.
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The world is witnessing a rise in the number of population suffering from malnutrition subject to metabolic dysfunction. Clinical nutrition market will observe an exponential growth over the next few years, pertaining to the above factor. As per the American Heart Association, nearly 34% of adults in the U.S. are affected by metabolic syndrome. Enhanced usage of nutritious products across home healthcare, food, and pharmaceutical sectors will help in rapid expansion of clinical nutrition market. The rampant surge in the world population and rise in premature mortality rates will also benefit the business. The rise in the rate of chronic ailments, especially among the elderly population will offer a strong platform for the industry to explore its growth potential.
Enteral nutrition should witness over 5% CAGR with expectations to surpass USD 20 billion by 2024. Increasing preference for enteral route of food administration coupled with technological innovation for development of novel enteral feeding devices should contribute towards segment growth.
Latin America clinical nutrition market is expected to grow at an annual rate of 8% over the coming seven years. Escalated occurrence of chronic ailments, rapid economic development, and effective healthcare services will drive the regional demand. Mexico and Brazil are likely to be the key regional revenue pockets, with Mexico industry projected to record significant gains of 9% over 2017-2024.
Europe clinical nutrition industry is forecast to grow notably over the next few years, driven by mounting aging population, rise in disposable incomes of the patients, and an elevation in the rate of metabolic disorders. UK and Germany are expected to drive the regional share.
U.S. clinical nutrition market revenue, which amassed a revenue of USD 8 billion in 2015, is projected to register a substantial gain of 6% during the period of 2017 to 2024. It is expected to contribute significantly towards North America clinical nutrition market size in the years ahead. Mounting chronic disorders among the rising population along with beneficial reimbursement policies will augment the regional growth.
Few players dominate clinical nutrition market such as Abbott Laboratories, Nestle, Danone, Fresenius Kabi, Hospira, Perrigo, B Braun Melsungen, Baxter International and Mead Johnson. Product development, strategic alliances and consolidating across the distribution channel remain key commercial strategies adopted by industry participants. Industry participants are also expanding their operations in emerging economies to gain extended market access and strengthen their market position.
For more information on this report, please visit @ https://www.marketstudyreport.com/reports/clinical-nutrition-market/?utm_source=RR&utm_medium=SK
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Global and Chinese Clinical Nutrition Products Industry, 2018 Market Research Report
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https://www.marketstudyreport.com/reports/global-and-chinese-clinical-nutrition-products-industry-2018-market-research-report/?utm_source=RR&utm_medium=SK
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