Introduction
Clinical malnutrition is a disease condition that can be treated only with clinical intervention, through the use of specialized nutrients that are considered as proper medications, rather than as supplements. Clinical nutrition products help to keep the patient healthy and aid in improving the metabolic system of the body by providing adequate supplements, such as minerals, vitamins, and other supplements.
The major factors that contribute toward the growth of the clinical nutrition market include Increasing number of people suffering from chronic conditions such as cancer and diabetes coupled with growing geriatric population base, Increasing obese population due to unhealthy dietary habits, physical inactivity.
The COVID-19 pandemic has severely impacted healthcare industry. But the demand for clinical nutrition market is likely to increase during this pandemic period. It playing a crucial role in prevention of the infection, treatment of infection-associated malnutrition, and possibly the infection itself in COVID-19 patients and suspected cases.
Table of Contents
Market Overview
The global clinical nutrition market is expected to grow to $82.00 billion by 2025
Growth momentum is expected to accelerate during the forecast period with an 8.51% CAGR.
With an increasing number of people suffering from chronic conditions, a growing geriatric population is expected to boost the market growth.
North America is a dominating due to an upsurge in the number of chronic diseases such as coronary artery disease, diabetes, and few cancer indications, and an increase in the geriatric population
Key Trends
The booming e-Commerce sector around the world is another major factor anticipated to fuel the growth of the global clinical nutrition products market during the forecast period.
R&D in clinical nutrition is also expected to aid in growth of the market
Evolving consumer trends, in terms of diet and consumption of various nutritional products, are one of the major factors expected to have a strong influence on the overall growth
Key Market Players
Some of the key players in the market are Abbott Laboratories, Nestle Health Science, Baxter Healthcare, B. Braun Melsungen, Nutricia, BASF.
The market is highly competitive owing to the rise in demand for clinical nutrition. The market players are continuously engaged in growing their presence in the market through various inorganic strategies, such as acquisition, merger, strategic collaboration, and others, to gain significant market share and strengthen their product portfolios.
Growth Drivers and Challenges
Evolving industrialization in growing economies are resulting in the prevalence and early onset of chronic diseases. To overcome this situation, clinical nutrition are helpful in the management of chronic diseases
Increasing junk food habits leading to malnourishment in U.S. and Europe is another crucial driving factor.
Increasing rate of pre-mature birth & birth rate and growing geriatric population is driving the market.
Lower awareness level in developing countries compared to developed economies is a major restraining factor in the global market.
Stringent regulations and reimbursement issues are expected to hinder growth of the market